Key Market Indicators
Iceland's transportation expenditure is projected to climb to approximately €2.2 billion by 2028, up from €2.0 billion in 2023. This represents an average annual growth rate of 1.4%. Since the turn of the millennium, Iceland's demand in this sector has seen a steady increase, growing at an average rate of 4.5% per year. In the 2023 rankings, Iceland was positioned at number 31, with Estonia slightly ahead, also at around €2.0 billion. Leading the rankings were the United Kingdom, France, and Italy, holding the second, third, and fourth spots respectively.
