Iceland (2004) | Falkland Islands (Islas Malvinas) (2003) | |
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Administrative divisions | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland | none (overseas territory of the UK; also claimed by Argentina) |
Age structure | 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.) |
0-14 years: NA%
15-64 years: NA% 65 years and over: NA% |
Agriculture - products | potatoes, green vegetables, mutton, dairy products, fish | fodder and vegetable crops; sheep, dairy products |
Airports | 100 (2003 est.) | 5 (2002) |
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.) |
total: 2
2,438 to 3,047 m: 1 under 914 m: 1 (2002) |
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.) |
total: 3
under 914 m: 3 (2002) |
Area | total: 103,000 sq km
land: 100,250 sq km water: 2,750 sq km |
total: 12,173 sq km
land: 12,173 sq km water: 0 sq km note: includes the two main islands of East and West Falkland and about 200 small islands |
Area - comparative | slightly smaller than Kentucky | slightly smaller than Connecticut |
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. | Although first sighted by an English navigator in 1592, the first landing (English) did not occur until almost a century later in 1690, and the first settlement (French) was not established until 1764. The colony was turned over to Spain two years later and the islands have since been the subject of a territorial dispute, first between Britain and Spain, then between Britain and Argentina. The UK asserted its claim to the islands by establishing a naval garrison there in 1833. Argentina invaded the islands on 2 April 1982. The British responded with an expeditionary force that landed seven weeks later and after fierce fighting forced Argentine surrender on 14 June 1982. |
Birth rate | 13.83 births/1,000 population (2004 est.) | NA births/1,000 population |
Budget | revenues: $4.205 billion
expenditures: $4.405 billion, including capital expenditures of $467 million (2003) |
revenues: $66.2 million
expenditures: $67.9 million, including capital expenditures of $23.2 million (FY98/99 est.) |
Capital | Reykjavik | Stanley |
Climate | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers | cold marine; strong westerly winds, cloudy, humid; rain occurs on more than half of days in year; average annual rainfall is 24 inches in Stanley; occasional snow all year, except in January and February, but does not accumulate |
Coastline | 4,988 km | 1,288 km |
Constitution | 16 June 1944, effective 17 June 1944 | 3 October 1985; amended 1997 and 1998 |
Country name | conventional long form: Republic of Iceland
conventional short form: Iceland local long form: Lydhveldidh Island local short form: Island |
conventional long form: none
conventional short form: Falkland Islands (Islas Malvinas) |
Currency | Icelandic krona (ISK) | Falkland pound (FKP) |
Death rate | 6.57 deaths/1,000 population (2004 est.) | NA deaths/1,000 population |
Debt - external | $2.6 billion (1999) | $NA |
Dependency status | - | overseas territory of the UK; also claimed by Argentina |
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 |
none (overseas territory of the UK; also claimed by Argentina) |
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 |
none (overseas territory of the UK; also claimed by Argentina) |
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) 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 | claimed by Argentina whose forces briefly occupied it in 1982, but now declares it will no longer seek settlement by force |
Economic aid - donor | NA | - |
Economic aid - recipient | - | none |
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 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%. | The economy was formerly based on agriculture, mainly sheep farming, but today fishing contributes the bulk of economic activity. In 1987 the government began selling fishing licenses to foreign trawlers operating within the Falklands exclusive fishing zone. These license fees total more than $40 million per year, which goes to support the island's health, education, and welfare system. Squid accounts for 75% of the fish taken. Dairy farming supports domestic consumption; crops furnish winter fodder. Exports feature shipments of high-grade wool to the UK and the sale of postage stamps and coins. The islands are now self-financing except for defense. The British Geological Survey announced a 200-mile oil exploration zone around the islands in 1993, and early seismic surveys suggest substantial reserves capable of producing 500,000 barrels per day; to date no exploitable site has been identified. An agreement between Argentina and the UK in 1995 seeks to defuse licensing and sovereignty conflicts that would dampen foreign interest in exploiting potential oil reserves. Tourism, especially eco-tourism, is increasing rapidly, with about 30,000 visitors in 2001. Another large source of income is interest paid on money the government has in the bank. The British military presence also provides a sizeable economic boost. |
Electricity - consumption | 7.341 billion kWh (2001) | 15.19 million kWh (2001) |
Electricity - exports | 0 kWh (2001) | 0 kWh (2001) |
Electricity - imports | 0 kWh (2001) | 0 kWh (2001) |
Electricity - production | 7.894 billion kWh (2001) | 16.33 million kWh (2001) |
Electricity - production by source | - | fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (2001) |
Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Hvannadalshnukur 2,119 m (at Vatnajokull glacier) |
lowest point: Atlantic Ocean 0 m
highest point: Mount Usborne 705 m |
Environment - current issues | water pollution from fertilizer runoff; inadequate wastewater treatment | overfishing by unlicensed vessels is a problem; reindeer were introduced to the islands in 2001 for commercial reasons; this is the only commercial reindeer herd in the world unaffected by the Chornobyl disaster |
Environment - international agreements | 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 |
- |
Ethnic groups | homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6% | British |
Exchange rates | Icelandic kronur per US dollar - 76.709 (2003), 91.6617 (2002), 97.4246 (2001), 78.6159 (2000), 72.3353 (1999) | Falkland pounds per US dollar - 0.67 (2002), 0.69 (2001), 0.66 (2000), 0.62 (1999), 0.6 (1998); note - the Falkland pound is at par with the British pound |
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); 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% |
chief of state: Queen ELIZABETH II (since 6 February 1952)
head of government: Governor Howard PEARCE (since 3 December 2002); Chief Executive Chris SIMPKINS (since NA March 2003); Financial Secretary Derek F. HOWATT (since NA) cabinet: Executive Council; three members elected by the Legislative Council, two ex officio members (chief executive and the financial secretary), and the governor elections: none; the monarchy is hereditary; governor appointed by the monarch |
Exports | 0 bbl/day (2001) | NA (2001) |
Exports - commodities | fish and fish products 70%, animal products, aluminum, diatomite, ferrosilicon | wool, hides, meat |
Exports - partners | Germany 17.4%, UK 17.4%, Netherlands 11.2%, US 9.8%, Spain 6.3%, Denmark 5%, Norway 4.5%, France 4% (2003) | Spain 76.2%, UK 9.2%, US 7.1% (2002) |
Fiscal year | calendar year | 1 April - 31 March |
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) | blue with the flag of the UK in the upper hoist-side quadrant and the Falkland Island coat of arms centered on the outer half of the flag; the coat of arms contains a white ram (sheep raising is the major economic activity) above the sailing ship Desire (whose crew discovered the islands) with a scroll at the bottom bearing the motto DESIRE THE RIGHT |
GDP | purchasing power parity - $8.678 billion (2003 est.) | purchasing power parity - $75 million (2002 est.) |
GDP - composition by sector | agriculture: 9.2% (includes fishing 12%)
industry: 26.7% services: 64.2% (2003 est.) |
agriculture: NA%
industry: NA% services: NA% |
GDP - per capita | purchasing power parity - $30,900 (2003 est.) | purchasing power parity - $25,000 (2002 est.) |
GDP - real growth rate | 2.6% (2003 est.) | NA% |
Geographic coordinates | 65 00 N, 18 00 W | 51 45 S, 59 00 W |
Geography - note | 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 | deeply indented coast provides good natural harbors; short growing season |
Highways | total: 12,955 km
paved/oiled gravel: 3,863 km unpaved: 9,092 km (2003) |
total: 440 km
paved: 50 km unpaved: 390 km (2002) |
Household income or consumption by percentage share | lowest 10%: NA
highest 10%: NA |
lowest 10%: NA%
highest 10%: NA% |
Imports | 15,470 bbl/day (2001) | NA (2001) |
Imports - commodities | machinery and equipment, petroleum products; foodstuffs, textiles | fuel, food and drink, building materials, clothing |
Imports - partners | Germany 11.8%, Denmark 8%, US 7.5%, UK 7.5%, Norway 7%, Sweden 6.5%, Netherlands 6.2%, Italy 4.7% (2003) | UK 57.9%, Spain 19.8%, Italy 16.7% (2002) |
Independence | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) | none (overseas territory of the UK; also claimed by Argentina) |
Industrial production growth rate | 8.1% (2003 est.) | NA% |
Industries | fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism | fish and wool processing; tourism |
Infant mortality rate | 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.) |
total: NA%
male: NA% female: NA% |
Inflation rate (consumer prices) | 2.1% (2003 est.) | 3.6% (1998) |
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 | ICFTU |
Internet Service Providers (ISPs) | - | 2 (2000) |
Irrigated land | NA sq km | 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) | Supreme Court (chief justice is a nonresident); Magistrates Court (senior magistrate presides over civil and criminal divisions); Court of Summary Jurisdiction |
Labor force | 160,000 (2003) | 1,100 (est.) |
Labor force - by occupation | agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, services 59.5% (1999) | agriculture 95% (mostly sheepherding and fishing) |
Land boundaries | 0 km | 0 km |
Land use | arable land: 0.07%
permanent crops: 0% other: 99.93% (2001) |
arable land: 0%
permanent crops: 0% other: 100% (99% permanent pastures, 1% other) (1998 est.) |
Languages | Icelandic, English, Nordic languages, German widely spoken | English |
Legal system | civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction | English common law |
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 |
unicameral Legislative Council (10 seats - 2 ex officio, 8 elected by popular vote, members serve four-year terms); presided over by the governor
elections: last held 22 November 2001 (next to be held NA November 2005) election results: percent of vote - NA%; seats - independents 8; note - 71% voter turnout |
Life expectancy at birth | total population: 80.18 years
male: 78.18 years female: 82.27 years (2004 est.) |
total population: NA years
male: NA years female: NA years |
Literacy | definition: age 15 and over can read and write
total population: 99.9% (1997 est.) male: NA female: NA |
- |
Location | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK | Southern South America, islands in the South Atlantic Ocean, east of southern Argentina |
Map references | Arctic Region | South America |
Maritime claims | territorial sea: 12 nm
exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin |
continental shelf: 200 NM
exclusive fishing zone: 200 NM territorial sea: 12 NM |
Merchant marine | 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.) |
none (2002 est.) |
Military - note | defense is provided by the US-manned Icelandic Defense Force (IDF) headquartered at Keflavik | defense is the responsibility of the UK |
Military branches | no regular armed forces; Police, Coast Guard | British Forces Falkland Islands no regular indigenous military forces; (includes Army, Royal Air Force, and Royal Navy), Police Force |
Military expenditures - dollar figure | 0 | $NA |
Military expenditures - percent of GDP | - | NA% |
Military manpower - availability | males age 15-49: 75,568 (2004 est.) | - |
Military manpower - fit for military service | males age 15-49: 66,503 (2004 est.) | - |
National holiday | Independence Day, 17 June (1944) | Liberation Day, 14 June (1982) |
Nationality | noun: Icelander(s)
adjective: Icelandic |
noun: Falkland Islander(s)
adjective: Falkland Island |
Natural hazards | earthquakes and volcanic activity | strong winds persist throughout the year |
Natural resources | fish, hydropower, geothermal power, diatomite | fish, squid, wildlife, calcified seaweed, sphagnum moss |
Net migration rate | 2.38 migrant(s)/1,000 population (2004 est.) | NA migrant(s)/1,000 population |
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] | none; all independents |
Political pressure groups and leaders | NA | none |
Population | 293,966 (July 2004 est.) | 2,967 (July 2003 est.) |
Population below poverty line | NA | NA% |
Population growth rate | 0.97% (2004 est.) | 2.44% (2003 est.) |
Ports and harbors | Akureyri, Hornafjordhur, Isafjordhur, Keflavik, Raufarhofn, Reykjavik, Seydhisfjordhur, Straumsvik, Vesttmannaeyjar | Stanley
note: the primary port is located in Stanley Harbour and known locally as FIPASS (Falkland Interim Port and Storage System); the facility consists of seven permanently moored barges providing 300 meters of berthing space; it was installed by the military after 1982 and handed over to the Falkland Islands Government in 1988 |
Radio broadcast stations | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) | AM 1, FM 7, shortwave 0 (1998) |
Railways | - | 0 km |
Religions | Evangelical Lutheran 87.1%, other Protestant 4.1%, Roman Catholic 1.7%, other 7.1% (2002) | primarily Anglican, Roman Catholic, United Free Church, Evangelist Church, Jehovah's Witnesses, Lutheran, Seventh-Day Adventist |
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: 0.83 male(s)/female total population: 1 male(s)/female (2004 est.) |
- |
Suffrage | 18 years of age; universal | 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) |
general assessment: NA
domestic: government-operated radiotelephone and private VHF/CB radiotelephone networks provide effective service to almost all points on both islands international: satellite earth station - 1 Intelsat (Atlantic Ocean) with links through London to other countries |
Telephones - main lines in use | 190,700 (2003) | NA |
Telephones - mobile cellular | 279,100 (2003) | NA |
Television broadcast stations | 14 (plus 156 low-power repeaters) (1997) | 2 (operated by the British Forces Broadcasting Service)
note: cable television is available in Stanley (2002) |
Terrain | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords | rocky, hilly, mountainous with some boggy, undulating plains |
Total fertility rate | 1.93 children born/woman (2004 est.) | NA children born/woman |
Unemployment rate | 3.4% (2003 est.) | full employment; labor shortage |
Waterways | - | none |