The Town Of Gardabaer Iceland tenders and business opportunities. Access latest The Town Of Gardabaer bids, market research and procurement analysis. Global tenders publishes domestic and international tenders, projects and contract awards for The Town Of Gardabaer and more than 200 tendering authorities from Iceland.
The economy of Iceland is small and subject to high volatility. In 2011, gross domestic product was US$12 billion, but by 2018 it had increased to a nominal GDP of US$27 billion. With a population of 350,000, this is $55,000 per capita, based on purchasing power parity (PPP) estimates. The financial crisis of 2007-2010 produced a decline in GDP and employment that has since been reversed entirely by a recovery aided by a tourism boom starting in 2010. Tourism accounted for more than 10% of Iceland's GDP in 2017. After a period of robust growth, Iceland's economy is slowing down according to an economic outlook for the years 2018-2020 published by Arion Research in April 2018. Iceland has a mixed economy with high levels of free trade and government intervention. However, government consumption is less than other Nordic countries. Hydro-power is the primary source of home and industrial electrical supply in Iceland.
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