tutor2u | Is Iceland's tourism surge sustainable?

In the News

Is Iceland's tourism surge sustainable?

Geoff Riley

1st October 2016

The growing number of tourists visiting Iceland has lifted tourism's contribution to Iceland's economy but there are real fears that the boom has parallels with the boom and bust before the Global Financial Crisis. The sheer volume of visitors is putting increasing pressure on the infrastructure of a country with just over 300,000 inhabitants. Richard Milne from the Financial Times investigates in this short video.

Tourism rescued Iceland's economy after its brush with financial disaster in 2008. But the rapid rise reminds many of the banks before the crash.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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