International tourism; receipts for travel items (US dollar) in Iceland

The International tourism; receipts for travel items (US dollar) in Iceland was last reported at 559000000.00 in 2010, according to a World Bank report released in 2011. The International tourism; receipts for travel items (US dollar) in Iceland was 559000000.00 in 2009, according to a World Bank report, published in 2010. The International tourism; receipts for travel items (US dollar) in Iceland was reported at 623000000.00 in 2008, according to the World Bank. International tourism receipts for travel items are expenditures by international inbound visitors in the reporting economy. The goods and services are purchased by, or on behalf of, the traveler or provided, without a quid pro quo, for the traveler to use or give away. These receipts should include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except in cases where these are so important as to justify a separate classification. Excluded is the international carriage of travelers, which is covered in passenger travel items. Data are in current U.S. dollars.This page includes a historical data chart, news and forecasts for International tourism; receipts for travel items (US dollar) 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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