Atlantic Ocean (2008) | Iceland (2005) | |
Administrative divisions | - | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland |
Age structure | - | 0-14 years: 22.1% (male 33,302/female 32,257)
15-64 years: 66.2% (male 99,513/female 96,886) 65 years and over: 11.7% (male 15,723/female 19,056) (2005 est.) |
Agriculture - products | - | potatoes, green vegetables, mutton, dairy products, fish |
Airports | - | 98 (2004 est.) |
Airports - with paved runways | - | total: 5
over 3,047 m: 1 1,524 to 2,437 m: 3 914 to 1,523 m: 1 (2004 est.) |
Airports - with unpaved runways | - | total: 93
1,524 to 2,437 m: 3 914 to 1,523 m: 29 under 914 m: 61 (2004 est.) |
Area | total: 76.762 million sq km
note: includes Baltic Sea, Black Sea, Caribbean Sea, Davis Strait, Denmark Strait, part of the Drake Passage, Gulf of Mexico, Labrador Sea, Mediterranean Sea, North Sea, Norwegian Sea, almost all of the Scotia Sea, and other tributary water bodies |
total: 103,000 sq km
land: 100,250 sq km water: 2,750 sq km |
Area - comparative | slightly less than 6.5 times the size of the US | slightly smaller than Kentucky |
Background | The Atlantic Ocean is the second largest of the world's five oceans (after the Pacific Ocean, but larger than the Indian Ocean, Southern Ocean, and Arctic Ocean). The Kiel Canal (Germany), Oresund (Denmark-Sweden), Bosporus (Turkey), Strait of Gibraltar (Morocco-Spain), and the Saint Lawrence Seaway (Canada-US) are important strategic access waterways. The decision by the International Hydrographic Organization in the spring of 2000 to delimit a fifth world ocean, the Southern Ocean, removed the portion of the Atlantic Ocean south of 60 degrees south latitude. | 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. |
Birth rate | - | 13.73 births/1,000 population (2005 est.) |
Budget | - | revenues: $4.154 billion
expenditures: $4.058 billion, including capital expenditures of $467 million (2004 est.) |
Capital | - | Reykjavik |
Climate | tropical cyclones (hurricanes) develop off the coast of Africa near Cape Verde and move westward into the Caribbean Sea; hurricanes can occur from May to December, but are most frequent from August to November | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers |
Coastline | 111,866 km | 4,988 km |
Constitution | - | 16 June 1944, effective 17 June 1944; amended many times |
Country name | - | conventional long form: Republic of Iceland
conventional short form: Iceland local long form: Lydhveldidh Island local short form: Island |
Death rate | - | 6.68 deaths/1,000 population (2005 est.) |
Debt - external | - | $3.073 billion (2002) |
Diplomatic representation from the US | - | chief of mission: Ambassador James I. GADSDEN
embassy: Laufasvegur 21, 101 Reykjavik mailing address: US Embassy, PSC 1003, Box 40, FPO AE 09728-0340 telephone: [354] 562-9100 FAX: [354] 562-9118 |
Diplomatic representation in the US | - | chief of mission: Ambassador Helgi AGUSTSSON
chancery: Suite 1200, 1156 15th Street NW, Washington, DC 20005-1704 telephone: [1] (202) 265-6653 FAX: [1] (202) 265-6656 consulate(s) general: New York |
Disputes - international | some maritime disputes (see littoral states) | 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 |
Economic aid - donor | - | $NA |
Economy - overview | The Atlantic Ocean provides some of the world's most heavily trafficked sea routes, between and within the Eastern and Western Hemispheres. Other economic activity includes the exploitation of natural resources, e.g., fishing, dredging of aragonite sands (The Bahamas), and production of crude oil and natural gas (Caribbean Sea, Gulf of Mexico, and North Sea). | 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 8% 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 budget and current account deficits, limiting foreign borrowing, containing inflation, revising agricultural and fishing policies, diversifying the economy, and privatizing state-owned industries. 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. |
Electricity - consumption | - | 7.692 billion kWh (2002) |
Electricity - exports | - | 0 kWh (2002) |
Electricity - imports | - | 0 kWh (2002) |
Electricity - production | - | 8.271 billion kWh (2002) |
Elevation extremes | lowest point: Milwaukee Deep in the Puerto Rico Trench -8,605 m
highest point: sea level 0 m |
lowest point: Atlantic Ocean 0 m
highest point: Hvannadalshnukur 2,119 m (at Vatnajokull glacier) |
Environment - current issues | endangered marine species include the manatee, seals, sea lions, turtles, and whales; drift net fishing is hastening the decline of fish stocks and contributing to international disputes; municipal sludge pollution off eastern US, southern Brazil, and eastern Argentina; oil pollution in Caribbean Sea, Gulf of Mexico, Lake Maracaibo, Mediterranean Sea, and North Sea; industrial waste and municipal sewage pollution in Baltic Sea, North Sea, and Mediterranean Sea | water pollution from fertilizer runoff; inadequate wastewater treatment |
Environment - international 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 |
Ethnic groups | - | homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6% |
Exchange rates | - | Icelandic kronur per US dollar - 70.192 (2004), 76.709 (2003), 91.662 (2002), 97.425 (2001), 78.616 (2000) |
Executive branch | - | chief of state: President Olafur Ragnar GRIMSSON (since 1 August 1996)
head of government: Prime Minister Halldor ASGRIMSSON (since 15 September 2004); note - Former Prime Minister David ODDSSON switched positions with former Foreign Minister Halldor ASGRIMMSON cabinet: Cabinet appointed by the prime minister and approved by parliament elections: president, which is largely a ceremonial post, elected by popular vote for a four-year term; 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 wins with 85.6% of the vote, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9% |
Exports | - | 0 bbl/day (2001) |
Exports - commodities | - | fish and fish products 70%, aluminum, animal products, ferrosilicon, diatomite |
Exports - partners | - | UK 19.1%, Germany 17.2%, Netherlands 11.5%, US 9.8%, Spain 6.8%, Denmark 4.6% (2004) |
Fiscal year | - | calendar year |
Flag description | - | blue with a red cross outlined in white extending to the edges of the flag; the vertical part of the cross is shifted to the hoist side in the style of the Dannebrog (Danish flag) |
GDP - composition by sector | - | agriculture: 11.2%
industry: 9.6% services: 79.2% (2004 est.) |
GDP - per capita | - | purchasing power parity - $31,900 (2004 est.) |
GDP - real growth rate | - | 1.8% (2004 est.) |
Geographic coordinates | 0 00 N, 25 00 W | 65 00 N, 18 00 W |
Geography - note | major chokepoints include the Dardanelles, Strait of Gibraltar, access to the Panama and Suez Canals; strategic straits include the Strait of Dover, Straits of Florida, Mona Passage, The Sound (Oresund), and Windward Passage; the Equator divides the Atlantic Ocean into the North Atlantic Ocean and South Atlantic Ocean | 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 |
Highways | - | total: 13,004 km
paved/oiled gravel: 4,331 km unpaved: 8,673 km (2004) |
Household income or consumption by percentage share | - | lowest 10%: NA%
highest 10%: NA% |
Imports | - | 15,470 bbl/day (2001) |
Imports - commodities | - | machinery and equipment, petroleum products; foodstuffs, textiles |
Imports - partners | - | Germany 12.3%, US 9.9%, Norway 9.7%, Denmark 7.9%, UK 7.2%, Sweden 6.7%, Netherlands 6% (2004) |
Independence | - | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) |
Industrial production growth rate | - | 8.8% (2004 est.) |
Industries | - | fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism |
Infant mortality rate | - | total: 3.31 deaths/1,000 live births
male: 3.45 deaths/1,000 live births female: 3.16 deaths/1,000 live births (2005 est.) |
Inflation rate (consumer prices) | - | 4% (2004 est.) |
International organization participation | - | 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, ISO, ITU, MIGA, NATO, NC, NEA, NIB, OECD, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UPU, WCO, WEU (associate), WHO, WIPO, WMO, WTO |
Irrigated land | - | NA sq km |
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) |
Labor force | - | 158,100 (2004 est.) |
Labor force - by occupation | - | agriculture, fishing and fish processing 10.3%, industry 18.3%, services 71.4% (2003) |
Land boundaries | - | 0 km |
Land use | - | arable land: 0.07%
permanent crops: 0% other: 99.93% (2001) |
Languages | - | Icelandic, English, Nordic languages, German widely spoken |
Legal system | - | civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction |
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 31.0%, Progressive Party 17.7%, Left-Green Alliance 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 |
Life expectancy at birth | - | total population: 80.19 years
male: 78.13 years female: 82.34 years (2005 est.) |
Literacy | - | definition: age 15 and over can read and write
total population: 99.9% (1997 est.) male: NA% female: NA% |
Location | body of water between Africa, Europe, the Southern Ocean, and the Western Hemisphere | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK |
Map references | Political Map of the World | Arctic Region |
Maritime claims | - | territorial sea: 12 nm
exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin |
Merchant marine | - | total: 3 ships (1,000 GRT or over) 4,341 GRT/6,019 DWT
by type: cargo 2, passenger/cargo 1 registered in other countries: 30 (2005) |
Military - note | - | defense is provided by the US-manned Icelandic Defense Force (IDF) headquartered at Keflavik |
Military branches | - | no regular armed forces; Icelandic National Police, Icelandic Coast Guard (Islenska Landhelgisgaeslan) |
Military expenditures - dollar figure | - | 0 |
National holiday | - | Independence Day, 17 June (1944) |
Nationality | - | noun: Icelander(s)
adjective: Icelandic |
Natural hazards | icebergs common in Davis Strait, Denmark Strait, and the northwestern Atlantic Ocean from February to August and have been spotted as far south as Bermuda and the Madeira Islands; ships subject to superstructure icing in extreme northern Atlantic from October to May; persistent fog can be a maritime hazard from May to September; hurricanes (May to December) | earthquakes and volcanic activity |
Natural resources | oil and gas fields, fish, marine mammals (seals and whales), sand and gravel aggregates, placer deposits, polymetallic nodules, precious stones | fish, hydropower, geothermal power, diatomite |
Net migration rate | - | 2.06 migrant(s)/1,000 population (2005 est.) |
Political parties and leaders | - | Independence Party or IP [David ODDSSON]; Left-Green Alliance or LGP [Steingrimur SIGFUSSON]; Liberal Party or LP [Gudjon KRISTJANSSON]; Progressive Party or PP [Halldor ASGRIMSSON]; Social Democratic Alliance (includes People's Alliance or PA, Social Democratic Party or SDP, Women's List) or SDA [Ingibjorg Solrun GISLADOTTIR] |
Political pressure groups and leaders | - | NA |
Population | - | 296,737 (July 2005 est.) |
Population below poverty line | - | NA% |
Population growth rate | - | 0.91% (2005 est.) |
Ports and harbors | - | Grundartangi, Hafnarfjordur, Hornafjordhur, Reykjavik, Seydhisfjordhur |
Radio broadcast stations | - | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) |
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% (2004) |
Sex ratio | - | at birth: 1.04 male(s)/female
under 15 years: 1.03 male(s)/female 15-64 years: 1.03 male(s)/female 65 years and over: 0.82 male(s)/female total population: 1 male(s)/female (2005 est.) |
Suffrage | - | 18 years of age; universal |
Telephone system | - | 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) |
Telephones - main lines in use | - | 190,700 (2003) |
Telephones - mobile cellular | - | 279,100 (2003) |
Television broadcast stations | - | 14 (plus 156 low-power repeaters) (1997) |
Terrain | surface usually covered with sea ice in Labrador Sea, Denmark Strait, and coastal portions of the Baltic Sea from October to June; clockwise warm-water gyre (broad, circular system of currents) in the northern Atlantic, counterclockwise warm-water gyre in the southern Atlantic; the ocean floor is dominated by the Mid-Atlantic Ridge, a rugged north-south centerline for the entire Atlantic basin | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords |
Total fertility rate | - | 1.92 children born/woman (2005 est.) |
Transportation - note | Kiel Canal and Saint Lawrence Seaway are two important waterways; significant domestic commercial and recreational use of Intracoastal Waterway on central and south Atlantic seaboard and Gulf of Mexico coast of US | - |
Unemployment rate | - | 3.1% (2004 est.) |