Editing Akureyri (section)

== Economy ==
[[File:Akureyri harbor with cruise ship.jpg|thumb|right|200px|Cruise ship in the harbour]]
The fishing industry has historically been a large and important part of the local economy. In recent years, other industries and business services have also begun. Higher education is also a growing sector in the local economy.<ref name="AR-business"/> About 20% of the work force is in the service industry.<ref>{{Harvnb|AFE|2004|p=5}}</ref>

Two of the five largest fishing companies in Iceland are headquartered in Akureyri,<ref name="english-history"/> partly because of the ice-free port.<ref name="AR-business"/> Other large companies in Akureyri include [[Samherji]], Norðurmjólk, Brim hf, and [[Vífilfell]], the largest brewery in Iceland. Sjúkrahús Akureyrar (FSA/Akureyri Hospital) is a major employer in the area and is one of two major hospitals in Iceland.<ref>{{Cite web|first1=Aðalsteinn|last1=Pálsson|first2=Kristján|last2=Guðlaugsson|url=https://www.tkies.com/|title=Tkies Software Services|access-date=2009-06-12|archive-date=15 November 2019|archive-url=https://web.archive.org/web/20191115122442/https://www.tkies.com/|url-status=live}}</ref>

Corporations pay a tax rate of 18% to the national government, which is one of the lowest in the world. No additional local corporate taxes are levied. Property tax, at 1.99%, accounts for most of the tax base.<ref name="AR-business"/> A local government deficit of ISK 1 billion (US$9 million) was anticipated in 2009, prompting a cut in salaries of the mayor, town councilors, and committee members by 10% and increases in local taxes and property taxes.<ref>{{cite web|url=http://www.icelandreview.com/icelandreview/search/news/Default.asp?ew_0_a_id=317141|publisher=Iceland Review Online|title=Akureyri Local Authorities Expect Vast Deficit in 2009|access-date=2009-06-29|archive-url=https://web.archive.org/web/20120217173301/http://www.icelandreview.com/icelandreview/search/news/Default.asp?ew_0_a_id=317141|archive-date=2012-02-17|url-status=live}}</ref>