Iceland (2006) | Montserrat (2004) | |
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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 |
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: 23.3% (male 1,092; female 1,062)
15-64 years: 65.5% (male 2,889; female 3,162) 65 years and over: 11.2% (male 543; female 497) (2004 est.) |
Agriculture - products | potatoes, green vegetables; mutton, dairy products; fish | cabbages, carrots, cucumbers, tomatoes, onions, peppers, livestock products |
Airports | 98 (2006) | 1 (2003 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: 1
under 914 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) |
- |
Area | total: 103,000 sq km
land: 100,250 sq km water: 2,750 sq km |
total: 102 sq km
land: 102 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 was devastated and two-thirds of the population fled abroad because of the eruption of the Soufriere Hills Volcano that began on 18 July 1995. |
Birth rate | 13.64 births/1,000 population (2006 est.) | 17.63 births/1,000 population (2004 est.) |
Budget | revenues: $6.995 billion
expenditures: $6.761 billion; including capital expenditures of $467 million (2005 est.) |
revenues: $31.4 million
expenditures: $31.6 million, including capital expenditures of $8.4 million (1997 est.) |
Capital | name: Reykjavik
geographic coordinates: 64 09 N, 21 57 W time difference: UTC (5 hours ahead of Washington, DC during Standard Time) |
Plymouth (abandoned in 1997 due to volcanic activity; interim government buildings have been built at Brades Estate, 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 | 4,970 km | 40 km |
Constitution | 16 June 1944, effective 17 June 1944; amended many times | present constitution came into force 19 December 1989 |
Country name | conventional long form: Republic of Iceland
conventional short form: Iceland local long form: Lydveldid Island local short form: Island |
conventional long form: none
conventional short form: Montserrat |
Currency | - | East Caribbean dollar (XCD) |
Death rate | 6.72 deaths/1,000 population (2006 est.) | 7.36 deaths/1,000 population (2004 est.) |
Debt - external | $3.073 billion (2002) | $8.9 million (1997) |
Dependency status | - | overseas territory of the UK |
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 |
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 | Iceland disputes Denmark's alignment of the Faroe Islands' fisheries median line; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm | none |
Economic aid - donor | $6.7 million $NA | - |
Economic aid - recipient | - | As of 31 March 2003, UK's DFID had provided about $328 million in economic relief from volcanic activity, and by 31 March 2006, DFID aid is expected to total $411 million. |
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. | 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 has launched a three-year $122.8 million aid program to help reconstruct the economy. Half of the island is expected to remain uninhabitable for another decade. |
Electricity - consumption | 8.619 billion kWh (2004) | 2.325 million kWh (2001) |
Electricity - exports | 0 kWh (2003) | 0 kWh (2001) |
Electricity - imports | 0 kWh (2003) | 0 kWh (2001) |
Electricity - production | 8.619 billion kWh (2004) | 2.5 million kWh (2001) |
Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Hvannadalshnukur 2,110 m (at Vatnajokull glacier) |
lowest point: Caribbean Sea 0 m
highest point: Chances Peak (in the Soufriere Hills volcanic complex) 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, Air Pollution-Persistent Organic Pollutants, 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: 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 - 62.982 (2005), 70.192 (2004), 76.709 (2003), 91.662 (2002), 97.425 (2001) | 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 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: Queen ELIZABETH II (since 6 February 1952), represented by Governor Deborah Barnes JONES (since 10 May 2004)
head of government: Chief Minister John OSBORNE (since 5 April 2001) 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 |
Exports | 0 bbl/day (2001) | NA (2001) |
Exports - commodities | fish and fish products 70%, aluminum, animal products, ferrosilicon, diatomite | electronic components, plastic bags, apparel, hot peppers, live plants, cattle |
Exports - partners | UK 17.9%, Germany 16.4%, Netherlands 13%, US 8.1%, Spain 7.7%, Denmark 4.3% (2005) | US, Antigua and Barbuda |
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 - $29 million (2002 est.) |
GDP - composition by sector | agriculture: 8.6%
industry: 15% services: 76.5% (2005 est.) |
agriculture: 5.4%
industry: 13.6% services: 81% (1996 est.) |
GDP - per capita | - | purchasing power parity - $3,400 (2002 est.) |
GDP - real growth rate | 5.6% (2005 est.) | -1% (2002 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 | the island is entirely volcanic in origin and contains seven active volcanoes |
Highways | - | total: 227 km
paved: NA km unpaved: NA km note: volcanic eruptions beginning in 1995 destroyed most of the road system (2003) |
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) | NA (2001) |
Imports - commodities | machinery and equipment, petroleum products, foodstuffs, textiles | machinery and transportation equipment, foodstuffs, manufactured goods, fuels, lubricants, and related materials |
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) | US, UK, Trinidad and Tobago, Japan, Canada |
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 | 14.2% (2005 est.) | NA |
Industries | fish processing; aluminum smelting, ferrosilicon production; geothermal power, tourism | tourism, rum, textiles, electronic appliances |
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: 7.56 deaths/1,000 live births
male: 8.8 deaths/1,000 live births female: 6.26 deaths/1,000 live births (2004 est.) |
Inflation rate (consumer prices) | 4% (2005 est.) | 2.6% (2002 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 | Caricom, CDB, ICFTU, Interpol (subbureau), OECS, UPU |
Irrigated land | NA | 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 | 165,900 (2005 est.) | 4,521 ; note - lowered by flight of people from volcanic activity (2000 est.) |
Labor force - by occupation | agriculture: 10.3%
industry: 18.3% services: 71.4% (2003) |
agriculture NA, industry NA, services NA |
Land boundaries | 0 km | 0 km |
Land use | arable land: 0.07%
permanent crops: 0% other: 99.93% (2005) |
arable land: 20%
permanent crops: 0% other: 80% (2001) |
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%, 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 Legislative Council (11 seats, 9 popularly elected; members serve five-year terms)
note: expanded in 2001 from 7 to 9 elected members with attorney general and financial secretary sitting as ex-officio members elections: last held April 2001 (next to be held by November 2006) election results: percent of vote by party - NA; seats by party - NPLM 7, NPP 2 note: in 2001, the Elections Commission instituted a single constituency/voter-at-large system whereby all eligible voters cast ballots for all nine seats of the Legislative Council |
Life expectancy at birth | total population: 80.31 years
male: 78.23 years female: 82.48 years (2006 est.) |
total population: 78.53 years
male: 76.39 years female: 80.78 years (2004 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 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 |
territorial sea: 3 nm
exclusive fishing zone: 200 nm |
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) |
none |
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 the responsibility of the UK |
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 indigenous military forces; Police Force |
Military expenditures - dollar figure | 0 | - |
Military expenditures - percent of GDP | 0% | - |
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 (Soufriere Hills volcano has erupted continuously since 1995) |
Natural resources | fish, hydropower, geothermal power, diatomite | negligible |
Net migration rate | 1.74 migrant(s)/1,000 population (2006 est.) | 0 migrant(s)/1,000 population (2004 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] | National Progressive Party or NPP [Reuben T. MEADE]; New People's Liberation Movement or NPLM [John A. OSBORNE] |
Political pressure groups and leaders | NA | NA |
Population | 299,388 (July 2006 est.) | 9,245
note: an estimated 8,000 refugees left the island following the resumption of volcanic activity in July 1995; some have returned (July 2004 est.) |
Population below poverty line | NA% | NA |
Population growth rate | 0.87% (2006 est.) | 1.03% (2004 est.) |
Ports and harbors | - | 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) |
Religions | Lutheran Church of Iceland 85.5%, Reykjavik Free Church 2.1%, Roman Catholic Church 2%, Hafnarfjorour Free Church 1.5%, other Christian 2.7%, other or unspecified 3.8%, unaffiliated 2.4% (2004) | 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: 0.82 male(s)/female total population: 1 male(s)/female (2006 est.) |
at birth: 1.05 male(s)/female
under 15 years: 1.03 male(s)/female 15-64 years: 0.91 male(s)/female 65 years and over: 1.09 male(s)/female total population: 0.96 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: NA international: country code - 1-664 |
Telephones - main lines in use | 193,900 (2005) | NA |
Telephones - mobile cellular | 304,000 (2005) | 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 island, mostly mountainous, with small coastal lowland |
Total fertility rate | 1.92 children born/woman (2006 est.) | 1.79 children born/woman (2004 est.) |
Unemployment rate | 2.1% (2005 est.) | 6% (1998 est.) |