News and Events
Icelandic Investments Abroad
A 160% increase from 2004 according to the Danish Embassy Post
25.7.2006
Foreign Direct Investment by Icelandic investors abroad increased by 442 billion ISK in the year 2005, which is a 160% increase from 2004. The accumulated Icelandic FDI was 642,5 billion ISK in the end of 2005 which accounts for 64% of GDP. In 1998 Icelandic FDI was only 0,9 % of GDP. A large part of the Icelandic FDI in 2005 relate to investments in manufacturing, mainly in the pharmaceutical industry, and in financial sector, 169 billion ISK and 144 billion ISK respectively. Icelandic companies invested in Denmark for 15 billion ISK last year. The accumulated FDI in Denmark by the end of 2005 was 79 billion ISK. Even though Icelandic investors have been quite active abroad the same can not be said about foreign investors in Iceland. According to KB Banki, the real FDI in Iceland in 2005 was only 36,5 billion ISK, compared to 51 billion in 2004.
