Atvinnuvegar

Atvinnuvegar is the Icelandic term used to describe the sectors or branches of an economy, i.e., the different activities by which goods and services are produced. In English this is commonly translated as "industries" or "economic sectors."

Economic statistics and policy in Iceland categorize activities into sectors and sub-sectors. Common framework divides activity into primary (extractive sectors such as agriculture, fishing, mining), secondary (manufacturing, construction), and tertiary (services). More detailed classifications align with international systems such as NACE.

Examples of major industries in Iceland include fishing and fish processing, aluminum production, tourism, energy (geothermal and hydro-electric), software and information technology, and agriculture and food production.

The concept is used in planning and statistics to analyze economic performance, regional development, and labor markets. It helps policymakers assess growth, employment, and investment by sector, compare with other countries, and design targeted policies.

As a flexible umbrella term, atvinnuvegar covers both traditional industries like fisheries and newer sectors such as technology services, reflecting changes in Iceland's economy.