Iceland (2004) | Montserrat (2001) | |
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Administrative divisions | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland | 3 parishes; Saint Anthony, Saint Georges, Saint Peter's |
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:
23.83% (male 907; female 898) 15-64 years: 64.66% (male 2,341; female 2,556) 65 years and over: 11.51% (male 464; female 408) (2001 est.) |
Agriculture - products | potatoes, green vegetables, mutton, dairy products, fish | cabbages, carrots, cucumbers, tomatoes, onions, peppers; livestock products |
Airports | 100 (2003 est.) | 1 (2000 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 under 914 m: 1 (2000 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:
100 sq km land: 100 sq km water: 0 sq km |
Area - comparative | slightly smaller than Kentucky | about 0.6 times 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. | Much of this island has been devastated and two-thirds of the population has fled abroad due to the eruption of the Soufriere Hills volcano that began on 18 July 1995. |
Birth rate | 13.83 births/1,000 population (2004 est.) | 17.43 births/1,000 population (2001 est.) |
Budget | revenues: $4.205 billion
expenditures: $4.405 billion, including capital expenditures of $467 million (2003) |
revenues:
$31.4 million expenditures: $31.6 million, including capital expenditures of $8.4 million (1997 est.) |
Capital | Reykjavik | Plymouth (abandoned in 1997 due to volcanic activity; interim government buildings have been built at Brades, in the Carr's Bay/Little Bay vicinity at the northwest end of Montserrat) |
Climate | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers | tropical; little daily or seasonal temperature variation |
Coastline | 4,988 km | 40 km |
Constitution | 16 June 1944, effective 17 June 1944 | present constitution came into force 19 December 1989 |
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: Montserrat |
Currency | Icelandic krona (ISK) | East Caribbean dollar (XCD) |
Death rate | 6.57 deaths/1,000 population (2004 est.) | 7.53 deaths/1,000 population (2001 est.) |
Debt - external | $2.6 billion (1999) | $8.9 million (1997) |
Dependency status | - | overseas territory of the UK |
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) |
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) |
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 | - | $9.8 million (1995); note - about $100 million (1996-98) in reconstruction aid from the UK; Country Policy Plan (1999) is a three-year program for spending $122.8 million in British budgetary assistance |
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%. | Severe volcanic activity, which began in July 1995, has put a damper on this small, open economy. A catastrophic eruption in June 1997 closed the airports and seaports, causing further economic and social dislocation. Two-thirds of the 12,000 inhabitants fled the island. Some began to return in 1998, but lack of housing limited the number. The agriculture sector continued to be affected by the lack of suitable land for farming and the destruction of crops. Prospects for the economy depend largely on developments in relation to the volcano and on public sector construction activity. The UK committed to a three year $125 million aid program in 1999 to help reconstruct the economy. |
Electricity - consumption | 7.341 billion kWh (2001) | 9.3 million kWh (1999) |
Electricity - exports | 0 kWh (2001) | 0 kWh (1999) |
Electricity - imports | 0 kWh (2001) | 0 kWh (1999) |
Electricity - production | 7.894 billion kWh (2001) | 10 million kWh (1999) |
Electricity - production by source | - | fossil fuel:
100% hydro: 0% nuclear: 0% other: 0% (1999) |
Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Hvannadalshnukur 2,119 m (at Vatnajokull glacier) |
lowest point:
Caribbean Sea 0 m highest point: Chances Peak (in the Soufriere Hills) 914 m |
Environment - current issues | water pollution from fertilizer runoff; inadequate wastewater treatment | land erosion occurs on slopes that have been cleared for cultivation |
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% | black, white |
Exchange rates | Icelandic kronur per US dollar - 76.709 (2003), 91.6617 (2002), 97.4246 (2001), 78.6159 (2000), 72.3353 (1999) | East Caribbean dollars per US dollar - 2.7000 (fixed rate since 1976) |
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), represented by Governor Anthony John ABBOTT (since NA September 1997) head of government: Chief Minister David BRANDT (since 22 August 1997) cabinet: Executive Council consists of the governor, the chief minister, three other ministers, the attorney general, and the finance secretary elections: the monarch is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party usually becomes chief minister; note - as a result of the last election, a coalition party was formed between NPP, NDP, and one of the independent candidates |
Exports | 0 bbl/day (2001) | $1.5 million (1998) |
Exports - commodities | fish and fish products 70%, animal products, aluminum, diatomite, ferrosilicon | electronic components, plastic bags, apparel, hot peppers, live plants, cattle |
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) | US, Antigua and Barbuda (1993) |
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 Montserratian coat of arms centered in the outer half of the flag; the coat of arms features a woman standing beside a yellow harp with her arm around a black cross |
GDP | purchasing power parity - $8.678 billion (2003 est.) | purchasing power parity - $31 million (1999 est.) |
GDP - composition by sector | agriculture: 9.2% (includes fishing 12%)
industry: 26.7% services: 64.2% (2003 est.) |
agriculture:
5.4% industry: 13.6% services: 81% (1996 est.) |
GDP - per capita | purchasing power parity - $30,900 (2003 est.) | purchasing power parity - $5,000 (1999 est.) |
GDP - real growth rate | 2.6% (2003 est.) | -1.5% (1999 est.) |
Geographic coordinates | 65 00 N, 18 00 W | 16 45 N, 62 12 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 | - |
Highways | total: 12,955 km
paved/oiled gravel: 3,863 km unpaved: 9,092 km (2003) |
total:
269 km paved: 203 km unpaved: 66 km (1995) |
Household income or consumption by percentage share | lowest 10%: NA
highest 10%: NA |
lowest 10%:
NA% highest 10%: NA% |
Illicit drugs | - | transshipment point for South American narcotics destined for the US and Europe |
Imports | 15,470 bbl/day (2001) | $26 million (1998) |
Imports - commodities | machinery and equipment, petroleum products; foodstuffs, textiles | machinery and transportation equipment, foodstuffs, manufactured goods, fuels, lubricants, and related materials |
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) | US, UK, Trinidad and Tobago, Japan, Canada (1993) |
Independence | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) | none (overseas territory of the UK) |
Industrial production growth rate | 8.1% (2003 est.) | NA% |
Industries | fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism | tourism, rum, textiles, electronic appliances |
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.) |
8.19 deaths/1,000 live births (2001 est.) |
Inflation rate (consumer prices) | 2.1% (2003 est.) | 5% (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 | Caricom, CDB, ECLAC (associate), ICFTU, Interpol (subbureau), OECS, WCL |
Internet Service Providers (ISPs) | - | 17 (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) | Eastern Caribbean Supreme Court (based in Saint Lucia, one judge of the Supreme Court is a resident of the islands and presides over the High Court) |
Labor force | 160,000 (2003) | 4,521 (1992); note - recently lowered by flight of people from volcanic activity |
Labor force - by occupation | agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, services 59.5% (1999) | agriculture NA%, industry NA%, services NA% |
Land boundaries | 0 km | 0 km |
Land use | arable land: 0.07%
permanent crops: 0% other: 99.93% (2001) |
arable land:
20% permanent crops: 0% permanent pastures: 10% forests and woodland: 40% other: 30% (1993 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 and statutory 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 (11 seats, 7 popularly elected; members serve five-year terms)
elections: last held 11 November 1996 (next to be held by NA November 2001) election results: percent of vote by party - NA%; seats by party - PPA 2, MNR 2, NPP 1, independent 2 |
Life expectancy at birth | total population: 80.18 years
male: 78.18 years female: 82.27 years (2004 est.) |
total population:
78.03 years male: 75.95 years female: 80.22 years (2001 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 has ever attended school total population: 97% male: 97% female: 97% (1970 est.) |
Location | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK | Caribbean, island in the Caribbean Sea, southeast of Puerto Rico |
Map references | Arctic Region | Central America and the Caribbean |
Maritime claims | territorial sea: 12 nm
exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin |
exclusive fishing zone:
200 NM territorial sea: 3 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 (2000 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 | Police Force |
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) | Birthday of Queen ELIZABETH II, second Saturday in June (1926) |
Nationality | noun: Icelander(s)
adjective: Icelandic |
noun:
Montserratian(s) adjective: Montserratian |
Natural hazards | earthquakes and volcanic activity | severe hurricanes (June to November); volcanic eruptions (full-scale eruptions of the Soufriere Hills volcano occurred during 1996-97) |
Natural resources | fish, hydropower, geothermal power, diatomite | NEGL |
Net migration rate | 2.38 migrant(s)/1,000 population (2004 est.) | 123.98 migrant(s)/1,000 population (2001 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] | Movement for National Reconstruction or MNR [Percival Austin BRAMBLE]; National Development Party or NDP [leader NA]; National Progressive Party or NPP [Reuben T. MEADE]; People's Progressive Alliance or PPA [John A. OSBORNE] |
Political pressure groups and leaders | NA | NA |
Population | 293,966 (July 2004 est.) | 7,574
note: an estimated 8,000 refugees left the island following the resumption of volcanic activity in July 1995; some have returned (July 2001 est.) |
Population below poverty line | NA | NA% |
Population growth rate | 0.97% (2004 est.) | 13.39% (2001 est.) |
Ports and harbors | Akureyri, Hornafjordhur, Isafjordhur, Keflavik, Raufarhofn, Reykjavik, Seydhisfjordhur, Straumsvik, Vesttmannaeyjar | Plymouth (abandoned), Little Bay (anchorages and ferry landing), Carr's Bay |
Radio broadcast stations | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) | AM 1, FM 2, shortwave 0 (1998) |
Radios | - | 7,000 (1997) |
Railways | - | 0 km |
Religions | Evangelical Lutheran 87.1%, other Protestant 4.1%, Roman Catholic 1.7%, other 7.1% (2002) | Anglican, Methodist, Roman Catholic, Pentecostal, Seventh-Day Adventist, other Christian denominations |
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:
1.05 male(s)/female under 15 years: 1.01 male(s)/female 15-64 years: 0.92 male(s)/female 65 years and over: 1.14 male(s)/female total population: 0.96 male(s)/female (2001 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: NA international: NA |
Telephones - main lines in use | 190,700 (2003) | 4,000 (1997) |
Telephones - mobile cellular | 279,100 (2003) | 70 (1994) |
Television broadcast stations | 14 (plus 156 low-power repeaters) (1997) | 1 (1997) |
Terrain | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords | volcanic islands, mostly mountainous, with small coastal lowland |
Total fertility rate | 1.93 children born/woman (2004 est.) | 1.82 children born/woman (2001 est.) |
Unemployment rate | 3.4% (2003 est.) | 20% (1996 est.) |
Waterways | - | none |