What are Iceland's top industries?
Iceland has a small, open, and diversified economy. The country's top industries include:
- Tourism: Tourism is Iceland's largest industry, accounting for about 8% of the country's GDP. Iceland's unique natural features, including geysers, glaciers, and hot springs, attract tourists from all over the world.
- Fisheries: Iceland's fishing industry is also a major contributor to the country's economy. The country is surrounded by some of the richest fishing grounds in the world, and fish and fish products make up about 40% of Iceland's exports.
- Energy: Iceland's energy sector is dominated by geothermal and hydroelectric power, which account for about 85% of the country's electricity production. Iceland is able to generate electricity from geothermal energy due to its location on a tectonic plate boundary.
- Aluminum Production: Iceland is home to several aluminum smelters, which take advantage of the country's abundant supply of geothermal and hydroelectric power. Aluminum production is one of Iceland's largest export industries.
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