In the years 2003–2007, following the privatization of the banking sector under the government of Davíð Oddsson, Iceland moved toward having an economy based on international investment banking and financial services.[36] It was quickly becoming one of the most prosperous countries in the world but was hit hard by a major financial crisis.[36] The crisis resulted in the greatest migration from Iceland since 1887, with a net emigration of 5,000 people in 2009.[37] Iceland's economy stabilised under the government of Jóhanna Sigurðardóttir, and grew by 1.6% in 2012.[38] Many Icelanders, however, have remained unhappy with the state of the economy and government austerity policies. The centre-right Independence Party was returned to power in coalition with the Progressive Party in the 2013 elections.[39]