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Iceland Facts

Iceland Facts | Republic of Iceland Information | Iceland Statistics | Iceland

Iceland Facts |  Republic of Iceland Information | Iceland Statistics Iceland Facts |  Republic of Iceland Information | Iceland Statistics
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Iceland Facts |  Republic of Iceland Information | Iceland Statistics Iceland Facts |  Republic of Iceland Information | Iceland Statistics
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ICELANDIC Flag
 
 ICELANDIC POLITICAL
  Iceland Facts |  Republic of Iceland Information | Iceland Statistics  
Background: Settled by Norwegian and Celtic (Scottish and Irish) immigrants during the late 9th and 10th centuries A.D., Iceland boasts the world's oldest functioning legislative assembly, the Althing, established in 930. Independent for over 300 years, Iceland was subsequently ruled by Norway and Denmark. Fallout from the Askja volcano of 1875 devastated the Icelandic economy and caused widespread famine. Over the next quarter century, 20% of the island's population emigrated, mostly to Canada and the US. Limited home rule from Denmark was granted in 1874 and complete independence attained in 1944. Literacy, longevity, income, and social cohesion are first-rate by world standards.
 
 
Common Name: Iceland Local Official Name: Island
Abbreviated Name: Republic of Iceland Official Name: Lydhveldidh Island
Official Script Name: Iceland Local Common Name: Iceland
Former Name: Iceland Territory of: NA
 
Head of State: President Olafur Ragnar GRIMSSON
 
Government Type: constitutional republic
 
Independence: 1944 June 17 (from Denmark)
 
Constitution: 1944 June 16, effective 1944 June 17
 
National Holiday: Independence Day, 17 June
 
International Organization Participation: Arctic Council, Australia Group, BIS, CBSS, CE, EAPC, EBRD, EFTA, FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IPU, ISO, ITU, MIGA, NATO, NC, NEA, NIB, OECD, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UPU, WCO, WEU (associate), WHO, WIPO, WMO, WTO
 
Administrative Divisions: 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland
 
Dependent Areas: NA
 
Legal System: civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction
 
Suffrage: 18 years
 
Executive, Legislative and Judicial Branches: Executive Branch: chief of state: President Olafur Ragnar GRIMSSON (since 1 August 1996) head of government: Prime Minister Geir H. HAARDE (since 7 June 2006) cabinet: Cabinet appointed by the prime minister elections: president, largely a ceremonial post, is elected by popular vote for a four-year term (no term limits); election last held 26 June 2004 (next to be held June 2008); following legislative elections, the leader of the majority party or the leader of the majority coalition is usually the prime minister election results: Olafur Ragnar GRIMSSON 85.6%, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9% Legislative Branch: unicameral Parliament or Althing (63 seats; members are elected by popular vote to serve four-year terms) elections: last held 10 May 2003 (next to be held by May 2007) election results: percent of vote by party - Independence Party 33.7%, Social Democratic Alliance 31%, Progressive Party 17.7%, Left-Green Movement 8.8%, Liberal Party 7.4%; seats by party - Independence Party 22, Social Democratic Alliance 20, Progressive Party 12, Left-Green Alliance 5, Liberal Party 4 Judicial Branch: Supreme Court or Haestirettur (justices are appointed for life by the Minister of Justice); eight district courts (justices are appointed for life by the Minister of Justice)
 
Party Leaders: Independence Party or IP [Geir HAARDE]; Left-Green Movement or LGM [Steingrimur SIGFUSSON]; Liberal Party or LP [Gudjon KRISTJANSSON]; Progressive Party or PP [Halldor ASGRIMSSON - will step down in August 2006]; Social Democratic Alliance (includes People's Alliance or PA, Social Democratic Party or SDP, Women's List) or SDA [Ingibjorg Solrun GISLADOTTIR]
 
International Disputes: Iceland disputes Denmark's alignment of the Faroe Islands' fisheries median line; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm
 
Illicit Drugs: NA 
 
 
 ICELANDIC GEOGRAPHY
  Iceland Facts |  Republic of Iceland Information | Iceland Statistics  
 
Location of Iceland: Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK
 
Continent: Europe Land Area Total: 103,000 sq km 
Region: Scandanavian Land Area Land: 100,250 sq km
Capitol City: Reykjavik Land Area Water: 2,750 sq km
      
Latitude: 065 00 N Border Boundary Land: 0 km
Longitude: 018 00 W Border Boundary Coastline: 4,970 km 
  
Arable Land: 0.07 % Pastures: 0.00 %
Crops: 0.00 % Woodlands and Forests: 0.00
  
Highest Elevation: 2,110 m Location: Hvannadalshnukur
Lowest Elevation: 0 m Location: Atlantic Ocean
  
Largest City in Iceland: Reykjavík Reykjavík Largest City Population: 0
  
Threatened Species: 15
 
Environmental Issues: water pollution from fertilizer runoff; inadequate wastewater treatment
 
Environmental Agreements: party to: Air Pollution, Air Pollution-Persistent Organic Pollutants, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Kyoto Protocol, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Transboundary Air Pollution, Wetlands signed, but not ratified: Environmental Modification, Marine Life Conservation
 
Irrigated Land: 0
 
Bordering Countries: NA
 
Natural Resources: fish, hydropower, geothermal power, diatomite
 
Geographical Terrain: mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords
 
Comparative Area of Iceland: slightly smaller than Kentucky
 
Iceland's Geography: strategic location between Greenland and Europe; westernmost European country; Reykjavik is the northernmost national capital in the world; more land covered by glaciers than in all of continental Europe
 

 ICELANDIC CLIMATE
  Iceland Facts |  Republic of Iceland Information | Iceland Statistics  
 
General Climate: temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers
 
Natural Hazards: earthquakes and volcanic activity
 
 
 ICELANDIC ECONOMY
  Iceland Facts |  Republic of Iceland Information | Iceland Statistics  
 
Economic Overview: Iceland's Scandinavian-type economy is basically capitalistic, yet with an extensive welfare system (including generous housing subsidies), low unemployment, and remarkably even distribution of income. In the absence of other natural resources (except for abundant geothermal power), the economy depends heavily on the fishing industry, which provides 70% of export earnings and employs 4% of the work force. The economy remains sensitive to declining fish stocks as well as to fluctuations in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. Government policies include reducing the current account deficit, limiting foreign borrowing, containing inflation, revising agricultural and fishing policies, and diversifying the economy. The government remains opposed to EU membership, primarily because of Icelanders' concern about losing control over their fishing resources. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, and new developments in software production, biotechnology, and financial services are taking place. The tourism sector is also expanding, with the recent trends in ecotourism and whale watching. Growth had been remarkably steady in 1996-2001 at 3%-5%, but could not be sustained in 2002 in an environment of global recession. Growth resumed in 2003, and estimates call for strong growth until 2007, slowly dropping until the end of the decade.
 
 
GDP: $10,590,000,000 USD Currency: Icelandic krona
GDP per Capita: $35,700 USD Currency Code: ISK
GDP Growth Rate: 5.60 %
  
Currency Exchange Rate History: Icelandic kronur per US dollar - 62.982 (2005), 70.192 (2004), 76.709 (2003), 91.662 (2002), 97.425 (2001)
  
  
GDP of Agriculture: 8.60 % GDP of Industry: 15.00 %
GDP of Services: 76.50 %  
   
Inflation Rate: 4.00 % Population in Poverty: 0.00 %
Unemployment Rate: 2.10 % Tourism: 263,000.00 visitors each year
   
Consumption by lowest 10%: 0.00 % Budget Revenue in USD: $6,995,000,000 USD
Consumption by upper 10%: 0.00 % Budget Expenditures in USD: $6,761,000,000 USD
   
Electricity Production: 8,619,000,000 kWh Electricity Exports: 0 kWh
Electricity Consumption: 8,619,000,000 kWh Electricity Imports: 0 kWh

Electricity Production by Source:
 
Fossil Fuel Electricity Production: 0.05% Nuclear Electricity Production: 0.00%
Hydro Electricity Production: 83.30% Other Electricity Production: 16.65%
   
Oil Production: 0 barrels per day Natural Gas Production: 0 cu m
Oil Consumption: 17,280 barrels per day Natural Gas Consumption: 0 cu m
Oil Exports: 0 barrels per day Natural Gas Exports: 0 cu m
Oil Imports: 15,470 barrels per day Natural Gas Imports: 0 cu m
Proven Oil Reserves: 0 barrels Proven Natural Gas Reserves: 0 cu m
   
External Debt: $3,073,000,000 USD Received in economic aid: $0 USD
  Donated in economic aid: $6,700,000 USD
   
Agricultural Products: potatoes, green vegetables; mutton, dairy products; fish
 
Primary Industries: fish processing; aluminum smelting, ferrosilicon production; geothermal power, tourism
 
Industrial Growth Rate: 14.20 %
  
  
Import Amount in USD: $4,582,000,000 USD - machinery and equipment, petroleum products, foodstuffs, textiles
 
Import Partners: Germany 13.4%, US 9.1%, Sweden 8.6%, Denmark 7.3%, Norway 7.2%, UK 5.9%, China 5.3%, Netherlands 5%, Japan 4.7%
 
Export Amount in USD: $3,215,000,000 USD - fish and fish products 70%, aluminum, animal products, ferrosilicon, diatomite
 
Export Partners: UK 17.9%, Germany 16.4%, Netherlands 13%, US 8.1%, Spain 7.7%, Denmark 4.3%
 
    
GINI Index: 0.00%
 
Labor Force Number of People: 165,900
 
Labor Force by Occupations: agriculture: 10.3%, industry: 18.3%, services: 71.4%
 
  
 ICELANDIC COMMUNICATIONS
  Iceland Facts |  Republic of Iceland Information | Iceland Statistics  
 
Radio Broadcast Stations: 74 Number of People with Radios: 260,000
Television Broadcast Stations: 14 Number of People with Televisions: 98,000
Number of People with Mainline Telephones: 193,900 Number of People with Mobile Phones: 304,000
 
Internet Service Providers: 190,140 Internet Users: 258,000
 
Internet Country Code: .is Newspapers: 336
Two Letter Country Code: IC Weights and Measures:
Phone Country Code: 354 Electricity Voltage: 220 Volts
  
Telephone Systems: general assessment: extensive domestic service domestic: the trunk network consists of coaxial and fiber-optic cables and microwave radio relay links international: country code - 354; satellite earth stations - 2 Intelsat (Atlantic Ocean), 1 Inmarsat (Atlantic and Indian Ocean regions); note - Iceland shares the Inmarsat earth station with the other Nordic countries (Denmark, Finland, Norway, and Sweden)
 
  
 ICELANDIC TRANSPORTATION
  Iceland Facts |  Republic of Iceland Information | Iceland Statistics  

   

Highways: 4,241 km Railways: 0 km
Gas And Oil Pipelines: 0 km Waterways: 0 km
Airports: 5 Heliports: 0
 
Motor Vehicles: 612 per 1,000 people CO2 Emissions: 2,282,000 Metric Tons of CO2 per year
  Per capita CO2 emissions: 7.70 Metric Tons of CO2 per year
  
Merchant Marines: total: 1 ship (1000 GRT or over) 3,354 GRT/480 DWT by type: passenger/cargo 1 registered in other countries: 34 (Antigua and Barbuda 8, Bahamas 1, Belize 2, Faroe Islands 4, Gibraltar 1, Malta 4, Norway 4, Saint Vincent and the Grenadines 10)
 
Ports and Harbors: Grundartangi, Hafnarfjordur, Hornafjordhur, Reykjavik, Seydhisfjordhur
 
  
 ICELANDIC PEOPLE
  Iceland Facts |  Republic of Iceland Information | Iceland Statistics  
 
Population: 299,388 people type - nationality Birth Rate: 13.64 births per 1,000 people
Population Density: 3.00 people per sq km Death Rate: 6.72 deaths per 1,000 people
Population Growth: 0.87% per year Fertility Rate per Women: 1.92 babies born per woman
 
Population Male 0-14: 33,021 Population Female 0-14: 32,021
Population Male 15-64: 100,944 Population Female 15-64: 98,239
Population Male 65+: 15,876 Population Female 65+: 19,287
 
Population 0-14: 21.70% Literacy Rate: 99.00%
Population 15-64: 66.50% Literacy rate of Males: 99.00%
Population 65+: 11.70% Literacy rate of Females: 99.00%
 
Population that is Male: 50.00 % Population that is Female: 50.00%
Life expectancy at birth in years: 80.31 years Infant mortality rate - baby deaths per 1000 births: 3.29 Babies die per 1,000 births
Life expectancy at birth for Males: 78.23 years Life expectancy at birth for Females: 82.48 years
 
Rate of AIDS/HIV infection: 0.20% Number of people living with AIDS or HIV: 220
Number of people who died of AIDS: 0
   
Disease Risk:
 
Diseases:
 
Net Migration Rate per 1,000 people: 1.40
 
Nationality: ICELANDIC
 
Ethnic Groups: homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6% 
 
  
Primary Language: Icelandic
 
Other Languages: Icelandic, English, Nordic languages, German widely spoken
 
 
Primary Religion: Evangelical Lutheran
 
Other Religions: Lutheran Church of Iceland 85.5%, Reykjavik Free Church 2.1%, Roman Catholic Church 2%, Hafnarfjorour Free Church 1.5%, other Christian 2.7%, other or unspecified 3.8%, unaffiliated 2.4%
 
  
 ICELANDIC MILITARY
  Iceland Facts |  Republic of Iceland Information | Iceland Statistics  
  
Branches: no regular armed forces; Icelandic National Police, Icelandic Coast Guard (Islenska Landhelgisgaeslan) subordinate to Ministry of Justice, Icelandic Crisis Response Unit
 
Manpower Fit to Serve: NA years
 
Manpower Available: 69,038 People
 
Manpower Fit to Serve: 56,777 People
 
Amount of Manpower Available each Year: 0 People per year
 
Expenditures: $0 USD per year
 
Expenditures as a Percentage of GDP: 0.00
 
 
Note: Phrasebase uses a variety of sources when compiling the facts and information presented above. This information is continually updated throughout the year.
 ICELANDIC RESOURCES
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Iceland Spa and Resort Directory
 
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Iceland Vacation Rentals And Holiday Villas
 

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