Increased Capelin Quota to Boost Iceland’s GDP Skip to content

Increased Capelin Quota to Boost Iceland’s GDP

The final capelin fishing quota in Icelandic waters was determined at almost 600,000 tons on Thursday and hasn’t been higher for a decade.

capelin_bb

Capelin. Photo by Bjarni Brynjólfsson.

If the entire quota is caught, its export value will amount to ISK 30 billion (USD 24 million, EUR 18 million) and increase the country’s GDP by one percent, visir.is reports.

Capelin vessels are now fishing to the east of the country. The current season began in the autumn and is now at its height.

In addition to being a valuable export product, capelin is also an important source of food for other fish that are caught in Icelandic waters, including cod.

ESA

Sign up for our weekly newsletter

Get news from Iceland, photos, and in-depth stories delivered to your inbox every week!

* indicates required

Subscribe to Iceland Review

In-depth stories and high-quality photography showcasing life in Iceland!

Share article

Facebook
Twitter