Economics

Post-Crisis Icelanders Are About 30% Richer Than EU Citizens

Residential properties stand on the city skyline in Reykjavik.

 Photographer: Arnaldur Halldorsson/Bloomberg

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A decade after their economy collapsed, Icelanders are a lot better off than the average European.

According to preliminary data published on Friday by the statistics office in Reykjavik, gross domestic product in Iceland last year was 30 percent above the average in the European Union.