In 2014 there were 26.801 active enterprises with approximately 111 thousand employees. These enterprises had a combined turnover of more than ISK 3.300 billion. Of active enterprises 23.718 had less than 5 employees and 25.180 less than 10 employees. 32.150 persons are employed by companies with less than 10 employees and the turnover of these companies was ISK 708 billion in 2014. By comparison only 143 companies had more than 100 employees, employing a little less than 42 thousand persons with a combined turnover of ISK 1.527 billion.

Statistics Iceland now publishes structural business statistics for the first time. The statistics are based on a standardized methodology and is comparable to structural business statistics in other European countries. It is based on yearly enterprise tax returns and covers the business sector with the addition of fisheries and aquaculture. This publication covers the years 2012 to 2014 but there is ongoing work on publishing time-series from year 2008.

The data is broken down by NACE classification and number of employees. Data on the following variables is included: Number of enterprises, number of persons employed, number of employees, turnover, production value, value added at factor cost, gross operating surplus, total purchases of goods and services, purchases of goods and services for resale in the same condition as received, change in stock of goods and services, personnel costs, wages and salaries, social security costs and payments for long-term rental and operational leasing of goods. Further information on variable definitions can be found in commission regulation (EC) No 250/2009.

Number of enterprises by number of employees 2014    
    Number of employees
  Total 0-4 5-9 10-49 50-100 > 100
Total 26,801 23,718 1,462 1,325 150 146
03/10.2 - Fishing and aquaculture; Processing and preserving of fish,
crustaceans and molluscs
1,459 1,227 94 96 20 22
B/C - Manufacturing; Mining and quarrying 1,808 1,355 177 218 28 30
D/E - Utilities 146 111 7 16 4 8
F - Construction 4,556 4,143 259 142 8 4
G - Wholesale and retail trade; Repair of motor vehicles and motorcycles 3,875 3,137 377 297 37 27
H - Transportation and storage; excluding service activities incidental
to water transportation
1,556 1,450 38 46 7 15
I - Accommodation and food service activities 1,295 877 144 246 18 10
J - Information and communication 2,101 1,929 71 77 12 12
L - Real estate activities 2,809 2,751 39 19
M - Professional, scientific and technical activities 4,342 4,119 119 88 7 9
N - Administrative and support service activities 1,529 1,349 97 65 9 9
95/96 - Other services 1,325 1,270 40 15
Number of employees by size 2014    
    Number of employees
  Total 0-4 5-9 10-49 50-100 > 100
Total 110,948 22,565 9,585 26,478 10,402 41,918
03/10.2 - Fishing and aquaculture; Processing and preserving of fish,
crustaceans and molluscs
10,526 1,042 636 2,127 1,382 5,339
B/C - Manufacturing; Mining and quarrying 16,378 1,571 1,173 4,453 1,807 7,374
D/E - Utilities 2,251 76 47 344 284 1,500
F - Construction 9,820 4,552 1,683 2,406 548 631
G - Wholesale and retail trade; Repair of motor vehicles and motorcycles 23,790 3,589 2,433 5,664 2,634 9,470
H - Transportation and storage; excluding service activities incidental
to water transportation
10,229 1,467 250 1,034 461 7,017
I - Accommodation and food service activities 11,472 1,052 958 5,153 1,270 3,039
J - Information and communication 8,258 1,655 485 1,656 857 3,605
L - Real estate activities 1,565 1,054 248 263
M - Professional, scientific and technical activities 8,461 3,784 792 1,638 475 1,772
N - Administrative and support service activities 6,174 1,258 610 1,451 684 2,171
95/96 - Other services 2,024 1,465 270 289

Enterprise turnover by NACE classification 2014    
million ISK   Number of employees
  Total 0-4 5-9 10-49 50-100 > 100
Total 3,323,272 473,507 234,397 749,476 339,190 1,526,702
03/10.2 - Fishing and aquaculture; Processing and preserving of fish,
crustaceans and molluscs
355,125 19,095 19,497 68,655 40,389 207,489
B/C - Manufacturing; Mining and quarrying 585,305 23,688 31,844 90,721 51,737 387,316
D/E - Utilities 145,274 4,336 6,260 10,310 21,962 102,407
F - Construction 172,323 64,471 29,649 47,311 16,764 14,128
G - Wholesale and retail trade; Repair of motor vehicles and motorcycles 1,069,151 144,474 82,203 287,009 155,925 399,540
H - Transportation and storage; excluding service activities incidental
to water transportation
358,758 20,249 5,050 86,930 7,533 238,996
I - Accommodation and food service activities 109,813 12,675 9,326 47,792 11,219 28,800
J - Information and communication 172,666 24,552 8,675 37,200 13,910 88,330
L - Real estate activities 87,074 72,258 5,793 9,022
M - Professional, scientific and technical activities 125,194 47,056 10,568 29,147 7,509 30,914
N - Administrative and support service activities 130,923 33,168 23,516 33,214 12,243 28,782
95/96 - Other services 11,666 7,486 2,015 2,166


Statistics