The document is an OECD economic survey of Iceland that makes the following key points: 1) Iceland's economy is recovering steadily thanks to currency depreciation, a tourism boom, and higher consumer income and lower household debt. 2) Unemployment is low, life satisfaction is high, and wage inequality is relatively low in Iceland compared to other OECD countries. 3) The government plans to lift capital controls, which will help return Iceland to global capital markets, but macroeconomic stability will need to be maintained to prevent disorderly capital outflows. 4) Challenges remain in ensuring long-term fiscal sustainability, reviving productivity growth which has stalled, reducing barriers to entrepreneurship,