Health expenditure; private (% of GDP) in Iceland

The Health expenditure; private (% of GDP) in Iceland was 1.45 in 2009, according to a World Bank report, published in 2010. The Health expenditure; private (% of GDP) in Iceland was reported at 1.52 in 2008, according to the World Bank. Private health expenditure includes direct household (out-of-pocket) spending, private insurance, charitable donations, and direct service payments by private corporations.This page includes a historical data chart, news and forecasts for Health expenditure; private (% of GDP) in Iceland. Iceland's Scandinavian-type social-market economy combines a capitalist structure and free-market principles with an extensive welfare system, including generous housing subsidies. Prior to the 2008 crisis, Iceland had achieved high growth, low unemployment, and a remarkably even distribution of income. The economy depends heavily on the fishing industry, which provides 40% of export earnings and employs 5% of the work force. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, with new developments in software production, biotechnology, and tourism.

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