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Old harbor booming: 59% growth in 5 years. Fishing and related activities still dominate 5746

13. mar 2023 21:09

The old harbor in downtown Reykjavík is teeming with life and activity as never before, new figures from the Faxaflói harbor authority show. The number of full-time employees working at the harbor has increased by 59% in the past 5 years. 

Fishing and related activities still dominant
According to the study the harbor area is home to 232 businesses of various sizes, employing at least 3,200 people full-time. An additional 1,550 people are employed part-time. These figures do not include sailors and fishermen on boats who use the old harbor as a base, since they spend only a small fraction of their time at the harbor. Guides on whale watching vessels and other employees of tourism companies are included in the figures, since these show up to work at the harbor each day, and spend a significant part of each work-day at the harbor.

Read more: 10+ reasons to love Reykjavík's old harbor area

The study found that the largest industries at the harbor are fishing and fish-processing, as well as industry. A total of 647 people worked in fishing and fish-processing (excluding fishermen), and 637 people worked in industry, including fish-oil production. The marketing of fish and various technological support for the fishing industry are not included in these figures. The largest businesses at the harbor are all either in the fishing industry or somehow directly connected to fishing and fish processing.

The study found that the largest growth in recent years has been in retail and the restaurant sector. The number of various retail shops, cafes, bars and restaurants has increased by 30% over a five year period.

The old harbor in downtown Reykjavík is teeming with life and activity as never before, new figures from the Faxaflói harbor authority show. The number of full-time employees working at the harbor has increased by 59% in the past 5 years. 

Fishing and related activities still dominant
According to the study the harbor area is home to 232 businesses of various sizes, employing at least 3,200 people full-time. An additional 1,550 people are employed part-time. These figures do not include sailors and fishermen on boats who use the old harbor as a base, since they spend only a small fraction of their time at the harbor. Guides on whale watching vessels and other employees of tourism companies are included in the figures, since these show up to work at the harbor each day, and spend a significant part of each work-day at the harbor.

Read more: 10+ reasons to love Reykjavík's old harbor area

The study found that the largest industries at the harbor are fishing and fish-processing, as well as industry. A total of 647 people worked in fishing and fish-processing (excluding fishermen), and 637 people worked in industry, including fish-oil production. The marketing of fish and various technological support for the fishing industry are not included in these figures. The largest businesses at the harbor are all either in the fishing industry or somehow directly connected to fishing and fish processing.

The study found that the largest growth in recent years has been in retail and the restaurant sector. The number of various retail shops, cafes, bars and restaurants has increased by 30% over a five year period.