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Industry
& Economy in Iceland
 Iceland's
main export and most important industry is fish
and fish products. An abundance of extremely rich
fishing grounds have sprung from the combination
of cold arctic currents and warm gulf stream. As a
result, Iceland maintains tight regulations on
it's fishing industry, with conservation and
preservation of extreme importance. The main
species of fish caught in Iceland are haddock,
herring, cod, saithe, redfish and capelin.
Agriculture in Iceland is mainly sheep and
cattle farming, with production of hay and fodder
for livestock. The raising of Icelandic
horses is also important, mainly for the
tourism industry.
 The
most important resource in Iceland is its
geothermal power. Projected estimates place the
exploitable total potential at around 64,000 Gwh, with
only around 5000 being utilized at present. Other
resources such as aluminum and iron make up a
small percentage of total exports.
From an economic standpoint, Iceland had one of
the highest consistent growth rates in the 90's
due in part to successful resource management,
development of the stock exchange, privatization
and diversification. Iceland also has a very low
unemployment rate and a low level of inflation.
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