Kopavogur is a fast growing town and the second largest of the country. It has been developing since the forties. The municipal authorities have gone out of their way to attract all kinds of businesses and have been quite successful. The town boast of the biggest mall of the country and many small industries and other undertakings. Every second year a big food exhibition is held in town. In 1999 the tradition of The Icelandic Fisheries Exhibition, one of the biggest in the world, was started in Kopavogur. Participants and guests come from all over the world. Tourism plays an increasingly important role and there are many interesting places for the outdoors minded, such as hiking trails and fishing lakes. The town merges into the capital, so it is very difficult to see the boundaries between them.