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Compare Iceland (2004) - Iceland (2002)

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 Iceland (2004)Iceland (2002)
 IcelandIceland
Administrative divisions 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland 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
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: 23% (male 33,189; female 31,155)


15-64 years: 65.1% (male 91,704; female 90,199)


65 years and over: 11.9% (male 14,828; female 18,309) (2002 est.)
Agriculture - products potatoes, green vegetables, mutton, dairy products, fish potatoes, turnips; cattle, sheep; fish
Airports 100 (2003 est.) 86 (2001)
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: 13


over 3,047 m: 1


1,524 to 2,437 m: 4


914 to 1,523 m: 8 (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: 73


1,524 to 2,437 m: 3


914 to 1,523 m: 21


under 914 m: 49 (2002)
Birth rate 13.83 births/1,000 population (2004 est.) 14.37 births/1,000 population (2002 est.)
Budget revenues: $4.205 billion


expenditures: $4.405 billion, including capital expenditures of $467 million (2003)
revenues: $3.5 billion


expenditures: $3.3 billion, including capital expenditures of $467 million (1999)
Death rate 6.57 deaths/1,000 population (2004 est.) 6.93 deaths/1,000 population (2002 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] 562-9100


FAX: [354] 562-9118
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] 5629139
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 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
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 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, 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, providing 70% of export earnings and employing 12% of the work force. The economy remains sensitive to declining fish stocks as well as to drops in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. The center-right government plans to continue its policies of 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. Consumption, investment, and exports should recover moderately in 2003.
Electricity - consumption 7.341 billion kWh (2001) 7.02 billion kWh (2000)
Electricity - exports 0 kWh (2001) 0 kWh (2000)
Electricity - imports 0 kWh (2001) 0 kWh (2000)
Electricity - production 7.894 billion kWh (2001) 7.549 billion kWh (2000)
Electricity - production by source - fossil fuel: 0%


hydro: 83%


nuclear: 0%


other: 17% (2000)
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: Hvannadalshnukur 2,119 m
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
party to: Air Pollution, Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Wetlands


signed, but not ratified: Air Pollution-Persistent Organic Pollutants, Environmental Modification, Marine Life Conservation
Exchange rates Icelandic kronur per US dollar - 76.709 (2003), 91.6617 (2002), 97.4246 (2001), 78.6159 (2000), 72.3353 (1999) Icelandic kronur per US dollar - 102.430 (January 2002), 97.425 (2001), 78.616 (2000), 72.335 (1999), 70.958 (1998), 70.904 (1997)
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: 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
Exports 0 bbl/day (2001) $2 billion f.o.b. (2002)
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) UK 18.2%, Germany 14.9%, Netherlands 10.9, US 10.3%, Portugal 5.5%, Spain 5.4%, Norway 5.3% (2001)
GDP purchasing power parity - $8.678 billion (2003 est.) purchasing power parity - $7.7 billion (2002 est.)
GDP - composition by sector agriculture: 9.2% (includes fishing 12%)


industry: 26.7%


services: 64.2% (2003 est.)
agriculture: 14% (includes fishing 12%)


industry: 21%


services: 65% (2001 est.)
GDP - per capita purchasing power parity - $30,900 (2003 est.) purchasing power parity - $27,100 (2002 est.)
GDP - real growth rate 2.6% (2003 est.) -0.7% (2002 est.)
Highways total: 12,955 km


paved/oiled gravel: 3,863 km


unpaved: 9,092 km (2003)
total: 12,691 km


paved: 3,262 km


unpaved: 9,429 km (1999)
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) $2 billion (2002)
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) Germany 12.2%, US 11.1%, Denmark 8.6%, Norway 7.8%, UK 7.5%, Netherlands 6.6% (2001)
Industrial production growth rate 8.1% (2003 est.) 0.2% (2001 est.)
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.)
3.53 deaths/1,000 live births (2002 est.)
Inflation rate (consumer prices) 2.1% (2003 est.) 5% (2001 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 Australia Group, BIS, CBSS, CCC, CE, EAPC, EBRD, ECE, EFTA, FAO, IAEA, IBRD, ICAO, ICC, 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, WEU (associate), WHO, WIPO, WMO, WTrO
Internet Service Providers (ISPs) - 20 (2001)
Labor force 160,000 (2003) 159,000 (2000)
Labor force - by occupation agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, services 59.5% (1999) agriculture 5%, fishing and fish processing 12%, manufacturing 13%, construction 11%, other services 60% (1999)
Land use arable land: 0.07%


permanent crops: 0%


other: 99.93% (2001)
arable land: 0.06%


permanent crops: 0%


other: 99.94% (23% permanent pastures) (1998 est.)
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 Parliament or Althing (63 seats; members are elected by popular vote to serve four-year terms)


elections: last held 8 May 1999 (next to be held by April 2003)


election results: percent of vote by party - Independence Party 40.7%, Social Democratic Alliance (PA, Social Democratic Party, Women's List) 26.8%, Progressive Party 18.4%, Left-Green Alliance 9.1%, Liberal Party 4.2%; seats by party - Independence Party 26, Social Democratic Alliance 17, Progressive Party 12, Left-Green Alliance 6, Liberal Party 2
Life expectancy at birth total population: 80.18 years


male: 78.18 years


female: 82.27 years (2004 est.)
total population: 79.66 years


male: 77.42 years


female: 82.07 years (2002 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 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 or to the edge of the continental margin


exclusive economic 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.)
total: 1 ship (1,000 GRT or over) totaling 1,816 GRT/2,500 DWT


ships by type: chemical tanker 1 (2002 est.)
Military expenditures - dollar figure 0 $0
Military manpower - availability males age 15-49: 75,568 (2004 est.) males age 15-49: 71,142 (2002 est.)
Military manpower - fit for military service males age 15-49: 66,503 (2004 est.) males age 15-49: 62,556 (2002 est.)
Net migration rate 2.38 migrant(s)/1,000 population (2004 est.) -2.27 migrant(s)/1,000 population (2002 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] Independence Party or IP [David ODDSSON]; Left-Green Alliance or LGP [Steingrimur SIGFUSSON]; Liberal Party or LP [Sverrir HERMANNSSON]; 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]
Population 293,966 (July 2004 est.) 279,384 (July 2002 est.)
Population below poverty line NA NA%
Population growth rate 0.97% (2004 est.) 0.52% (2002 est.)
Radios - 260,000 (1997)
Railways - 0 km
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.)
at birth: 1.08 male(s)/female


under 15 years: 1.07 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 (2002 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: 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: 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)
Telephones - main lines in use 190,700 (2003) 196,984 (2001)
Telephones - mobile cellular 279,100 (2003) 248,131 (221,231 GSM, 26,900 NMT) (2001)
Total fertility rate 1.93 children born/woman (2004 est.) 1.99 children born/woman (2002 est.)
Unemployment rate 3.4% (2003 est.) 2.8% (2002 est.)
Waterways - none
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