How Iceland's Tourism Bubble Deflated : Planet Money The tourism explosion in Iceland helped the tiny island recover from the 2008 financial crisis, but did the tourism industry grow too big, too fast?
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How Iceland's Tourism Bubble Deflated

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How Iceland's Tourism Bubble Deflated

How Iceland's Tourism Bubble Deflated

How Iceland's Tourism Bubble Deflated

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  • <iframe src="https://www.npr.org/player/embed/766992410/766994705" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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A sign near Iceland's Fjadrárgljúfur Canyon, which saw a dramatic increase in visitors after it was featured in a 2015 Justin Bieber music video. Alexi Horowitz-Ghazi hide caption

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Alexi Horowitz-Ghazi

A sign near Iceland's Fjadrárgljúfur Canyon, which saw a dramatic increase in visitors after it was featured in a 2015 Justin Bieber music video.

Alexi Horowitz-Ghazi

In the second episode of our two-part series on Iceland, we explore how the unlikely combination of a volcano, a budget airline, and social media led to a tourism boom that helped the country recover from a financial crisis. But the massive influx of foreign visitors proved to be both a blessing and a curse, jeopardizing many of the natural wonders that it made Iceland such an appealing destination in the first place.

Today on The Indicator, we look at the boom and bust cycle that has characterized the Icelandic economy for decades, and which may be leading the country into yet another recession.

Music: "Hjartað Hamast (Bamm Bamm Bamm)", "Í Gær", "Svefn-G-Englar"

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