In the third quarter of 2025, registrations of market enterprises were 806, with a total of 722 new registrations of private limited companies during the period. For comparison purposes, there were 815 registrations of market enterprises in the third quarter of 2024. The most of new registrations were in Construction with a total of 130, which was 8% decrease from the previous year third quarter.
There were 113 market enterprises made insolvent in the third quarter of 2025, which is a 74% increase from the previous year third quarter when they were 65. Thereof, 45 were for market enterprises that were active in 2024, i.e. they either had registered employees according to the official PAYE tax registry or turnover according to VAT reports. The number of insolvencies with prior activity increased by 36% in comparison to the third quarter of 2024.
There were 751 employees in 45 market enterprises that were active in 2024 and made insolvent in the third quarter of 2025. The highest prior employment was in Tourism with a total of 589 and the second highest was in Construction with a total of 88 employees.
About the data
The data on new registrations and insolvencies is collected according to the ISAT2008 industry classification system for business sections and special aggregates defined by Statistics Iceland. The number of insolvencies for the latest month are temporary estimates and are subject to change with increased information on insolvency registrations from judicial authorities.
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