Iceland (2004) | Jersey (2005) | |
![]() | ![]() | |
Administrative divisions | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland | none (British crown dependency) |
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: 17.5% (male 8,222/female 7,658)
15-64 years: 67% (male 30,296/female 30,561) 65 years and over: 15.5% (male 6,176/female 7,899) (2005 est.) |
Agriculture - products | potatoes, green vegetables, mutton, dairy products, fish | potatoes, cauliflower, tomatoes; beef, dairy products |
Airports | 100 (2003 est.) | 1 (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.) |
total: 1
1,524 to 2,437 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: 103,000 sq km
land: 100,250 sq km water: 2,750 sq km |
total: 116 sq km
land: 116 sq km water: 0 sq km |
Area - comparative | slightly smaller than Kentucky | about two-thirds the size of Washington, DC |
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. | The island of Jersey and the other Channel Islands represent the last remnants of the medieval Dukedom of Normandy that held sway in both France and England. These islands were the only British soil occupied by German troops in World War II. |
Birth rate | 13.83 births/1,000 population (2004 est.) | 9.66 births/1,000 population (2005 est.) |
Budget | revenues: $4.205 billion
expenditures: $4.405 billion, including capital expenditures of $467 million (2003) |
revenues: $601 million
expenditures: $588 million, including capital expenditures of $98 million (2000 est.) |
Capital | Reykjavik | Saint Helier |
Climate | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers | temperate; mild winters and cool summers |
Coastline | 4,988 km | 70 km |
Constitution | 16 June 1944, effective 17 June 1944 | unwritten; partly statutes, partly common law and practice |
Country name | conventional long form: Republic of Iceland
conventional short form: Iceland local long form: Lydhveldidh Island local short form: Island |
conventional long form: Bailiwick of Jersey
conventional short form: Jersey |
Currency | Icelandic krona (ISK) | - |
Death rate | 6.57 deaths/1,000 population (2004 est.) | 9.19 deaths/1,000 population (2005 est.) |
Debt - external | $2.6 billion (1999) | none |
Dependency status | - | British crown dependency |
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 (British crown dependency) |
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 (British crown dependency) |
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 | none |
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 Channel Island economy is based on international financial services, agriculture, and tourism. In 1996 the finance sector accounted for about 60% of the island's output. Potatoes, cauliflower, tomatoes, and especially flowers are important export crops, shipped mostly to the UK. The Jersey breed of dairy cattle is known worldwide and represents an important export income earner. Milk products go to the UK and other EU countries. Tourism accounts for 24% of GDP. In recent years, the government has encouraged light industry to locate in Jersey, with the result that an electronics industry has developed alongside the traditional manufacturing of knitwear. All raw material and energy requirements are imported, as well as a large share of Jersey's food needs. Light taxes and death duties make the island a popular tax haven. Living standards come close to those of the UK. |
Electricity - consumption | 7.341 billion kWh (2001) | 630.1 million kWh (2004 est.) |
Electricity - exports | 0 kWh (2001) | - |
Electricity - imports | 0 kWh (2001) | NA kWh; note - electricity supplied by France |
Electricity - production | 7.894 billion kWh (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: unnamed location 143 m |
Environment - current issues | water pollution from fertilizer runoff; inadequate wastewater treatment | NA |
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% | Jersey 51.1%, British 34.8%, Irish, French, and other white 6.6%, Portuguese/Madeiran 6.4%, other 1.1% (2001 census) |
Exchange rates | Icelandic kronur per US dollar - 76.709 (2003), 91.6617 (2002), 97.4246 (2001), 78.6159 (2000), 72.3353 (1999) | Jersey pounds per US dollar - 0.5462 (2004), 0.6125 (2003), 0.6672 (2002), 0.6947 (2001), 0.6609 (2000)
note: the Jersey 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: Lieutenant Governor and Commander in Chief Air Chief Marshall Sir John CHESHIRE (since 24 January 2001) and Bailiff Philip Martin BAILHACHE (since NA February 1995) cabinet: committees appointed by the Assembly of the States elections: none; the monarch is hereditary; lieutenant governor and bailiff appointed by the monarch |
Exports | 0 bbl/day (2001) | $NA |
Exports - commodities | fish and fish products 70%, animal products, aluminum, diatomite, ferrosilicon | light industrial and electrical goods, foodstuffs, textiles |
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 |
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) | white with a diagonal red cross extending to the corners of the flag; in the upper quadrant, surmounted by a yellow crown, a red shield with the three lions of England in yellow |
GDP | purchasing power parity - $8.678 billion (2003 est.) | - |
GDP - composition by sector | agriculture: 9.2% (includes fishing 12%)
industry: 26.7% services: 64.2% (2003 est.) |
agriculture: 5%
industry: 2% services: 93% (1996) |
GDP - per capita | purchasing power parity - $30,900 (2003 est.) | purchasing power parity - $40,000 (2003 est.) |
GDP - real growth rate | 2.6% (2003 est.) | NA% |
Geographic coordinates | 65 00 N, 18 00 W | 49 15 N, 2 10 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 | largest and southernmost of Channel Islands; about 30% of population concentrated in Saint Helier |
Highways | total: 12,955 km
paved/oiled gravel: 3,863 km unpaved: 9,092 km (2003) |
total: 577 km
paved: NA km unpaved: NA km |
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 |
Imports - commodities | machinery and equipment, petroleum products; foodstuffs, textiles | machinery and transport equipment, manufactured goods, foodstuffs, mineral fuels, chemicals |
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 |
Independence | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) | none (British crown dependency) |
Industrial production growth rate | 8.1% (2003 est.) | NA% |
Industries | fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism | tourism, banking and finance, dairy |
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: 5.24 deaths/1,000 live births
male: 5.6 deaths/1,000 live births female: 4.85 deaths/1,000 live births (2005 est.) |
Inflation rate (consumer prices) | 2.1% (2003 est.) | 5.3% (2004) |
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 | 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) | Royal Court (judges elected by an electoral college and the bailiff) |
Labor force | 160,000 (2003) | 52,790 (2004) |
Labor force - by occupation | agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, services 59.5% (1999) | - |
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% (2001) |
Languages | Icelandic, English, Nordic languages, German widely spoken | English 94.5% (official), Portuguese 4.6%, other 0.9% (2001 census) |
Legal system | civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction | English law and local statute; justice is administered by the Royal Court |
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 Assembly of the States (55 voting members - 12 senators (elected for 6-year terms), 12 constables or heads of parishes (elected for 3-year terms), 29 deputies (elected for 3-year terms); the bailiff and the deputy bailiff; and 3 non-voting members - the Dean of Jersey, the Attorney General, and the Solicitor General all appointed by the monarch)
elections: last held NA (next to be held NA) election results: percent of vote - NA%; seats - independents 53 |
Life expectancy at birth | total population: 80.18 years
male: 78.18 years female: 82.27 years (2004 est.) |
total population: 79.24 years
male: 76.77 years female: 81.91 years (2005 est.) |
Literacy | definition: age 15 and over can read and write
total population: 99.9% (1997 est.) male: NA female: NA |
definition: NA
total population: NA% male: NA% female: NA% |
Location | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK | Western Europe, island in the English Channel, northwest of France |
Map references | Arctic Region | Europe |
Maritime claims | territorial sea: 12 nm
exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin |
territorial sea: 3 nm
exclusive fishing zone: 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.) |
- |
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 | - |
Military expenditures - dollar figure | 0 | - |
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, 9 May (1945) |
Nationality | noun: Icelander(s)
adjective: Icelandic |
noun: Channel Islander(s)
adjective: Channel Islander |
Natural hazards | earthquakes and volcanic activity | NA |
Natural resources | fish, hydropower, geothermal power, diatomite | arable land |
Net migration rate | 2.38 migrant(s)/1,000 population (2004 est.) | 2.75 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 [Ossur SKARPHEDINSSON] | none; all independents |
Political pressure groups and leaders | NA | none |
Population | 293,966 (July 2004 est.) | 90,812 (July 2005 est.) |
Population below poverty line | NA | NA% |
Population growth rate | 0.97% (2004 est.) | 0.32% (2005 est.) |
Ports and harbors | Akureyri, Hornafjordhur, Isafjordhur, Keflavik, Raufarhofn, Reykjavik, Seydhisfjordhur, Straumsvik, Vesttmannaeyjar | Gorey, Saint Aubin, Saint Helier |
Radio broadcast stations | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) | AM NA, FM 1, shortwave 0 (1998) |
Religions | Evangelical Lutheran 87.1%, other Protestant 4.1%, Roman Catholic 1.7%, other 7.1% (2002) | Anglican, Roman Catholic, Baptist, Congregational New Church, Methodist, Presbyterian |
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: 0.99 male(s)/female 65 years and over: 0.78 male(s)/female total population: 0.97 male(s)/female (2005 est.) |
Suffrage | 18 years of age; universal | NA years of age; universal adult |
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: NA international: 3 submarine cables |
Telephones - main lines in use | 190,700 (2003) | 73,900 (2001) |
Telephones - mobile cellular | 279,100 (2003) | 61,400 (2001) |
Television broadcast stations | 14 (plus 156 low-power repeaters) (1997) | 2 (1997) |
Terrain | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords | gently rolling plain with low, rugged hills along north coast |
Total fertility rate | 1.93 children born/woman (2004 est.) | 1.57 children born/woman (2005 est.) |
Unemployment rate | 3.4% (2003 est.) | 0.9% (2004 est.) |