Positive credit outlook by Fitch Ratings

Fitch Ratings has recently revised Iceland’s credit outlook to positive, highlighting increased economic diversification driven by high-value sectors such as pharmaceuticals, ICT, biotechnology – and notably, aquaculture.

Iceland holds a global competitive advantage in sustainable aquaculture, thanks to its clean energy, marine expertise, and strong environmental standards. These strengths position the country to meet growing international demand for high-quality, low-emission protein.

As exports of high-value services continue to rise – from 14% to 21% of total services exports between 2018 and 2024 – aquaculture stands out as a key contributor to building a resilient, export-driven economy capable of withstanding global market volatility.

With stronger investor confidence and a positive outlook from Fitch, now is the time to accelerate investment in the blue economy – and fully realise the potential of sectors where Iceland is truly ahead.