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 Iceland (2003)Iceland (2004)
 IcelandIceland
Administrative divisions 23 counties (syslur, singular - sysla) and 14 independent towns* (kaupstadhir, singular - kaupstadhur); Akranes*, Akureyri*, Arnessysla, Austur-Bardhastrandarsysla, Austur-Hunavatnssysla, Austur-Skaftafellssysla, Borgarfjardharsysla, Dalasysla, Eyjafjardharsysla, Gullbringusysla, Hafnarfjordhur*, Husavik*, Isafjordhur*, Keflavik*, Kjosarsysla, Kopavogur*, Myrasysla, Neskaupstadhur*, Nordhur-Isafjardharsysla, Nordhur-Mulasys-la, Nordhur-Thingeyjarsysla, Olafsfjordhur*, Rangarvallasysla, Reykjavik*, Saudharkrokur*, Seydhisfjordhur*, Siglufjordhur*, Skagafjardharsysla, Snaefellsnes-og Hnappadalssysla, Strandasysla, Sudhur-Mulasysla, Sudhur-Thingeyjarsysla, Vesttmannaeyjar*, Vestur-Bardhastrandarsysla, Vestur-Hunavatnssysla, Vestur-Isafjardharsysla, Vestur-Skaftafellssysla


note: there may be four other counties
8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland
Age structure 0-14 years: 22.7% (male 32,902; female 30,952)


15-64 years: 65.4% (male 92,519; female 91,000)


65 years and over: 11.9% (male 14,973; female 18,452) (2003 est.)
0-14 years: 22.5% (male 33,522; female 32,489)


15-64 years: 65.8% (male 98,091; female 95,450)


65 years and over: 11.7% (male 15,552; female 18,862) (2004 est.)
Agriculture - products potatoes, green vegetables, chicken, pork, mutton; fish potatoes, green vegetables, mutton, dairy products, fish
Airports 86 (2002) 100 (2003 est.)
Airports - with paved runways total: 13


over 3,047 m: 1


1,524 to 2,437 m: 4


914 to 1,523 m: 8 (2002)
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: 73


1,524 to 2,437 m: 3


914 to 1,523 m: 21


under 914 m: 49 (2002)
total: 93


1,524 to 2,437 m: 3


914 to 1,523 m: 29


under 914 m: 61 (2004 est.)
Birth rate 14.13 births/1,000 population (2003 est.) 13.83 births/1,000 population (2004 est.)
Budget revenues: $3.5 billion


expenditures: $3.3 billion, including capital expenditures of $467 million (1999)
revenues: $4.205 billion


expenditures: $4.405 billion, including capital expenditures of $467 million (2003)
Death rate 6.95 deaths/1,000 population (2003 est.) 6.57 deaths/1,000 population (2004 est.)
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] 5629100


FAX: [354] 5629118
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
Disputes - international Rockall continental shelf dispute involving Denmark, Iceland, and the UK (Ireland and the UK have signed a boundary agreement in the Rockall area); dispute with Denmark over the Faroe Islands' fisheries median line boundary within 200 NM; disputes with Denmark, the UK, and Ireland over the Faroe Islands continental shelf boundary outside 200 NM Rockall continental shelf dispute involving Denmark, Iceland, and the UK (Ireland and the UK have signed a boundary agreement in the Rockall area) remains dormant; dispute with Denmark over the Faroe Islands' fisheries median line boundary within 200 nm; disputes with Denmark, the UK, and Ireland over the Faroe Islands continental shelf boundary outside 200 nm
Economic aid - donor $NA NA
Economy - 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 hydrothermal and geothermal power), the economy depends heavily on the fishing industry, which provides 70% of export earnings and employs 12% 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 inflation dropped back from 5% to 2%. 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 12% 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 inflation dropped back from 5% to 2%.
Electricity - production by source fossil fuel: 0.1%


hydro: 82.5%


nuclear: 0%


other: 17.5% (2001)
-
Environment - international agreements party to: Air Pollution, Biodiversity, Climate Change, Desertification, Endangered Species, Environmental Modification, Environmental Protection through Criminal Law, Hazardous Wastes, Kyoto Protocol, Law of the Sea, Marine Dumping, Nuclear Test Ban, Oil Pollution, Ozone Layer Protection, Persistent Organic Pollutants, Ship Pollution, Transboundary Air Pollution, Wetlands


signed, but not ratified: Air Pollution-Persistent Organic Pollutants, Environmental Modification, Marine Life Conservation
party to: Air Pollution, 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: Air Pollution-Persistent Organic Pollutants, Environmental Modification, Marine Life Conservation
Exchange rates Icelandic kronur per US dollar - 91.66 (2002), 97.42 (2001), 78.62 (2000), 72.34 (1999), 70.96 (1998) Icelandic kronur per US dollar - 76.709 (2003), 91.6617 (2002), 97.4246 (2001), 78.6159 (2000), 72.3353 (1999)
Executive branch chief of state: President Olafur Ragnar GRIMSSON (since 1 August 1996)


head of government: Prime Minister David ODDSSON (since 30 April 1991)


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 29 June 1996 (next to be held NA June 2004); President GRIMSSON ran unopposed in June 2000 so there were no elections; prime minister appointed by the president


election results: Olafur Ragnar GRIMSSON ran unopposed in 2000 and was reelected
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); prime minister appointed by the president


election results: Olafur Ragnar GRIMSSON wins with 85.6% of the vote, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9%
Exports - partners Germany 18.5%, UK 17.5%, Netherlands 11.4%, US 10.9%, Spain 5.2%, Denmark 4.6%, Portugal 4.3%, Norway 4.2% (2002) Germany 17.4%, UK 17.4%, Netherlands 11.2%, US 9.8%, Spain 6.3%, Denmark 5%, Norway 4.5%, France 4% (2003)
GDP purchasing power parity - $8.444 billion (2002 est.) purchasing power parity - $8.678 billion (2003 est.)
GDP - composition by sector agriculture: 14% (includes fishing 12%)


industry: 21%


services: 65% (2001 est.)
agriculture: 9.2% (includes fishing 12%)


industry: 26.7%


services: 64.2% (2003 est.)
GDP - per capita purchasing power parity - $30,200 (2002 est.) purchasing power parity - $30,900 (2003 est.)
GDP - real growth rate -0.6% (2002 est.) 2.6% (2003 est.)
Household income or consumption by percentage share lowest 10%: NA%


highest 10%: NA%
lowest 10%: NA


highest 10%: NA
Imports - partners US 10.9%, Germany 10.7%, Denmark 8.5%, Norway 8%, UK 7.5%, Netherlands 6%, Sweden 5.9% (2002) Germany 11.8%, Denmark 8%, US 7.5%, UK 7.5%, Norway 7%, Sweden 6.5%, Netherlands 6.2%, Italy 4.7% (2003)
Industrial production growth rate 0.2% (2002 est.) 8.1% (2003 est.)
Infant mortality rate total: 3.5 deaths/1,000 live births


male: 3.79 deaths/1,000 live births


female: 3.19 deaths/1,000 live births (2003 est.)
total: 3.31 deaths/1,000 live births


male: 3.44 deaths/1,000 live births


female: 3.17 deaths/1,000 live births (2004 est.)
Inflation rate (consumer prices) 5.2% (2002 est.) 2.1% (2003 est.)
International organization participation Australia Group, BIS, CBSS, CE, EAPC, EBRD, ECE, EFTA, FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IEA (observer), IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, ISO, ITU, NATO, NC, NEA, NIB, OECD, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UNMIBH, UNMIK, UNU, UPU, WCO, WEU (associate), WHO, WIPO, WMO, WTrO 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
Internet Service Providers (ISPs) 20 (2001) -
Labor force 159,000 (2000) 160,000 (2003)
Labor force - by occupation agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, other services 59.5% (1999) agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, services 59.5% (1999)
Land use arable land: 1%


permanent crops: 0%


permanent pastures: 28%


forest and woodlands: 1%


other: 70% (2001 est.)
arable land: 0.07%


permanent crops: 0%


other: 99.93% (2001)
Life expectancy at birth total population: 79.8 years


male: 77.54 years


female: 82.22 years (2003 est.)
total population: 80.18 years


male: 78.18 years


female: 82.27 years (2004 est.)
Literacy definition: age 15 and over can read and write


total population: 99.9% (1997 est.)


male: NA%


female: NA%
definition: age 15 and over can read and write


total population: 99.9% (1997 est.)


male: NA


female: NA
Maritime claims continental shelf: 200 NM or to the edge of the continental margin


exclusive economic zone: 200 NM


territorial sea: 12 NM
territorial sea: 12 nm


exclusive economic zone: 200 nm


continental shelf: 200 nm or to the edge of the continental margin
Merchant marine total: 1 ships (1,000 GRT or over) 3,500 GRT/5,000 DWT


ships by type: chemical tanker 1 (2002 est.)
total: 1 ships (1,000 GRT or over) 4,341 GRT/6,019 DWT


by type: petroleum tanker 1


registered in other countries: 26 (2004 est.)
Military expenditures - dollar figure $0 0
Military manpower - availability males age 15-49: 71,157 (2003 est.) males age 15-49: 75,568 (2004 est.)
Military manpower - fit for military service males age 15-49: 62,552 (2003 est.) males age 15-49: 66,503 (2004 est.)
Net migration rate -2.26 migrant(s)/1,000 population (2003 est.) 2.38 migrant(s)/1,000 population (2004 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 [Ossur SKARPHEDINSSON]; Social Democratic Party or SDP [Sighvatur BJORGVINSSON]; Women's List or WL [Kristin ASTGEIRSDOTTIR] 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 [Ossur SKARPHEDINSSON]
Population 280,798 (July 2003 est.) 293,966 (July 2004 est.)
Population below poverty line NA% NA
Population growth rate 0.49% (2003 est.) 0.97% (2004 est.)
Railways 0 km -
Sex ratio at birth: 1.08 male(s)/female


under 15 years: 1.06 male(s)/female


15-64 years: 1.02 male(s)/female


65 years and over: 0.81 male(s)/female


total population: 1 male(s)/female (2003 est.)
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: 0.83 male(s)/female


total population: 1 male(s)/female (2004 est.)
Telephone system general assessment: extensive domestic service


domestic: the trunk network consists of coaxial and fiber-optic cables and microwave radio relay links


international: 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)
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 196,984 (2001) 190,700 (2003)
Telephones - mobile cellular 248,131 (221,231 GSM, 26,900 NMT) (2001) 279,100 (2003)
Total fertility rate 1.98 children born/woman (2003 est.) 1.93 children born/woman (2004 est.)
Unemployment rate 2.8% (2002 est.) 3.4% (2003 est.)
Waterways none -
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