Compare Iceland (2006) - Iceland (2005)

Compare Iceland (2006) z Iceland (2005)

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	Iceland (2006)	Iceland (2005)

Age structure	0-14 years: 21.7% (male 33,021/female 32,021) 15-64 years: 66.5% (male 100,944/female 98,239) 65 years and over: 11.7% (male 15,876/female 19,287) (2006 est.)	0-14 years: 22.1% (male 33,302/female 32,257) 15-64 years: 66.2% (male 99,513/female 96,886) 65 years and over: 11.7% (male 15,723/female 19,056) (2005 est.)
Agriculture - products	potatoes, green vegetables; mutton, dairy products; fish	potatoes, green vegetables, mutton, dairy products, fish
Airports	98 (2006)	98 (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 (2006)	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: 93 1,524 to 2,437 m: 3 914 to 1,523 m: 29 under 914 m: 61 (2006)	total: 93 1,524 to 2,437 m: 3 914 to 1,523 m: 29 under 914 m: 61 (2004 est.)
Birth rate	13.64 births/1,000 population (2006 est.)	13.73 births/1,000 population (2005 est.)
Budget	revenues: $6.995 billion expenditures: $6.761 billion; including capital expenditures of $467 million (2005 est.)	revenues: $4.154 billion expenditures: $4.058 billion, including capital expenditures of $467 million (2004 est.)
Capital	name: Reykjavik geographic coordinates: 64 09 N, 21 57 W time difference: UTC (5 hours ahead of Washington, DC during Standard Time)	Reykjavik
Coastline	4,970 km	4,988 km
Country name	conventional long form: Republic of Iceland conventional short form: Iceland local long form: Lydveldid Island local short form: Island	conventional long form: Republic of Iceland conventional short form: Iceland local long form: Lydhveldidh Island local short form: Island
Death rate	6.72 deaths/1,000 population (2006 est.)	6.68 deaths/1,000 population (2005 est.)
Diplomatic representation from the US	chief of mission: Ambassador Carol VAN VOORST embassy: Laufasvegur 21, 101 Reykjavik mailing address: US Department of State, 5640 Reykjavik Place, Washington, D.C. 20521-5640 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] 562-9100 FAX: [354] 562-9118
Economic aid - donor	$6.7 million $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 4% 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 current account deficit, limiting foreign borrowing, containing inflation, revising agricultural and fishing policies, and diversifying the economy. 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 estimates call for strong growth until 2007, slowly dropping until the end of the decade.	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 8% 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 estimates call for strong growth until 2007, slowly dropping until the end of the decade.
Electricity - consumption	8.619 billion kWh (2004)	7.692 billion kWh (2002)
Electricity - exports	0 kWh (2003)	0 kWh (2002)
Electricity - imports	0 kWh (2003)	0 kWh (2002)
Electricity - production	8.619 billion kWh (2004)	8.271 billion kWh (2002)
Elevation extremes	lowest point: Atlantic Ocean 0 m highest point: Hvannadalshnukur 2,110 m (at Vatnajokull glacier)	lowest point: Atlantic Ocean 0 m highest point: Hvannadalshnukur 2,119 m (at Vatnajokull glacier)
Exchange rates	Icelandic kronur per US dollar - 62.982 (2005), 70.192 (2004), 76.709 (2003), 91.662 (2002), 97.425 (2001)	Icelandic kronur per US dollar - 70.192 (2004), 76.709 (2003), 91.662 (2002), 97.425 (2001), 78.616 (2000)
Executive branch	chief of state: President Olafur Ragnar GRIMSSON (since 1 August 1996) head of government: Prime Minister Geir H. HAARDE (since 7 June 2006) cabinet: Cabinet appointed by the prime minister elections: president, largely a ceremonial post, is elected by popular vote for a four-year term (no term limits); election last held 26 June 2004 (next to be held June 2008); following legislative elections, the leader of the majority party or the leader of the majority coalition is usually the prime minister election results: Olafur Ragnar GRIMSSON 85.6%, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9%	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); following legislative elections, the leader of the majority party or the leader of the majority coalition is usually the prime minister election results: Olafur Ragnar GRIMSSON wins with 85.6% of the vote, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9%
Exports - partners	UK 17.9%, Germany 16.4%, Netherlands 13%, US 8.1%, Spain 7.7%, Denmark 4.3% (2005)	UK 19.1%, Germany 17.2%, Netherlands 11.5%, US 9.8%, Spain 6.8%, Denmark 4.6% (2004)
GDP - composition by sector	agriculture: 8.6% industry: 15% services: 76.5% (2005 est.)	agriculture: 11.2% industry: 9.6% services: 79.2% (2004 est.)
GDP - per capita	-	purchasing power parity - $31,900 (2004 est.)
GDP - real growth rate	5.6% (2005 est.)	1.8% (2004 est.)
Highways	-	total: 13,004 km paved/oiled gravel: 4,331 km unpaved: 8,673 km (2004)
Imports - commodities	machinery and equipment, petroleum products, foodstuffs, textiles	machinery and equipment, petroleum products; foodstuffs, textiles
Imports - partners	Germany 13.4%, US 9.1%, Sweden 8.6%, Denmark 7.3%, Norway 7.2%, UK 5.9%, China 5.3%, Netherlands 5%, Japan 4.7% (2005)	Germany 12.3%, US 9.9%, Norway 9.7%, Denmark 7.9%, UK 7.2%, Sweden 6.7%, Netherlands 6% (2004)
Industrial production growth rate	14.2% (2005 est.)	8.8% (2004 est.)
Industries	fish processing; aluminum smelting, ferrosilicon production; geothermal power, tourism	fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism
Infant mortality rate	total: 3.29 deaths/1,000 live births male: 3.43 deaths/1,000 live births female: 3.14 deaths/1,000 live births (2006 est.)	total: 3.31 deaths/1,000 live births male: 3.45 deaths/1,000 live births female: 3.16 deaths/1,000 live births (2005 est.)
Inflation rate (consumer prices)	4% (2005 est.)	4% (2004 est.)
International organization participation	Arctic Council, 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, IPU, 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, 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	NA sq km
Labor force	165,900 (2005 est.)	158,100 (2004 est.)
Labor force - by occupation	agriculture: 10.3% industry: 18.3% services: 71.4% (2003)	agriculture, fishing and fish processing 10.3%, industry 18.3%, services 71.4% (2003)
Land use	arable land: 0.07% permanent crops: 0% other: 99.93% (2005)	arable land: 0.07% permanent crops: 0% other: 99.93% (2001)
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%, Progressive Party 17.7%, Left-Green Movement 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 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
Life expectancy at birth	total population: 80.31 years male: 78.23 years female: 82.48 years (2006 est.)	total population: 80.19 years male: 78.13 years female: 82.34 years (2005 est.)
Literacy	definition: age 15 and over can read and write total population: 99% male: 99% female: 99% (2003 est.)	definition: age 15 and over can read and write total population: 99.9% (1997 est.) male: NA% female: NA%
Merchant marine	total: 1 ship (1000 GRT or over) 3,354 GRT/480 DWT by type: passenger/cargo 1 registered in other countries: 34 (Antigua and Barbuda 8, Bahamas 1, Belize 2, Faroe Islands 4, Gibraltar 1, Malta 4, Norway 4, Saint Vincent and the Grenadines 10) (2006)	total: 3 ships (1,000 GRT or over) 4,341 GRT/6,019 DWT by type: cargo 2, passenger/cargo 1 registered in other countries: 30 (2005)
Military - note	under a 1951 bilateral agreement, Iceland's defense was provided by a US-manned Icelandic Defense Force (IDF) headquartered in Keflavik; in October 2006, all US military forces in Iceland were withdrawn; nonetheless, the US and Iceland signed a Joint Understanding to strengthen their bilateral defense relationship, including regular security consultations, military communications in the event of national emergencies, annual bilateral exercises on Icelandic territory, and future bilateral and NATO support to four Iceland Air Defense System (IADS) radar sites	defense is provided by the US-manned Icelandic Defense Force (IDF) headquartered at Keflavik
Military branches	no regular armed forces; Icelandic National Police, Icelandic Coast Guard (Islenska Landhelgisgaeslan) subordinate to Ministry of Justice, Icelandic Crisis Response Unit (2006)	no regular armed forces; Icelandic National Police, Icelandic Coast Guard (Islenska Landhelgisgaeslan)
Military expenditures - percent of GDP	0%	-
Net migration rate	1.74 migrant(s)/1,000 population (2006 est.)	2.06 migrant(s)/1,000 population (2005 est.)
Political parties and leaders	Independence Party or IP [Geir HAARDE]; Left-Green Movement or LGM [Steingrimur SIGFUSSON]; Liberal Party or LP [Gudjon KRISTJANSSON]; Progressive Party or PP [Halldor ASGRIMSSON - will step down in August 2006]; Social Democratic Alliance (includes People's Alliance or PA, Social Democratic Party or SDP, Women's List) or SDA [Ingibjorg Solrun GISLADOTTIR]	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 [Ingibjorg Solrun GISLADOTTIR]
Population	299,388 (July 2006 est.)	296,737 (July 2005 est.)
Population growth rate	0.87% (2006 est.)	0.91% (2005 est.)
Ports and harbors	-	Grundartangi, Hafnarfjordur, Hornafjordhur, Reykjavik, Seydhisfjordhur
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: 0.82 male(s)/female total population: 1 male(s)/female (2006 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: 0.82 male(s)/female total population: 1 male(s)/female (2005 est.)
Telephones - main lines in use	193,900 (2005)	190,700 (2003)
Telephones - mobile cellular	304,000 (2005)	279,100 (2003)
Total fertility rate	1.92 children born/woman (2006 est.)	1.92 children born/woman (2005 est.)
Unemployment rate	2.1% (2005 est.)	3.1% (2004 est.)

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