According to the Statistics Iceland's estimation Gross Domestic Product (GDP) in Iceland grew at a rate of 5.2% in the year 2004 compared to 4.2% in the year before. Unemployment in 2004 was on average about 3% and in last February it was only 2,8%. Those in Iceland who favour EU membership always run into great difficulties when asked why Iceland should join the Union when we are doing much better outside it than most of its memberstates and in some cases even all of them. They have no answers to that. As a result Iceland is most definately not on its way to join the EU. There are simply no compelling reasons to do so, but at the same time many strong reasons to remain outside.