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Compare Iceland (2008) - Atlantic Ocean (2005)
Compare Iceland (2008) z Atlantic Ocean (2005)
| Iceland (2008) | Atlantic Ocean (2005) | |
 |  | |
| Administrative divisions | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland | - |
| Age structure | 0-14 years: 21.4% (male 32,759/female 31,845)
15-64 years: 66.8% (male 102,161/female 99,411) 65 years and over: 11.8% (male 16,162/female 19,593) (2007 est.) |
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| Agriculture - products | potatoes, green vegetables; mutton, dairy products; fish | - |
| Airports | 99 (2007) | - |
| Airports - with paved runways | total: 5
over 3,047 m: 1 1,524 to 2,437 m: 3 914 to 1,523 m: 1 (2007) |
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| Airports - with unpaved runways | total: 94
1,524 to 2,437 m: 3 914 to 1,523 m: 28 under 914 m: 63 (2007) |
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| Area | total: 103,000 sq km
land: 100,250 sq km water: 2,750 sq km |
total: 76.762 million sq km
note: includes Baltic Sea, Black Sea, Caribbean Sea, Davis Strait, Denmark Strait, part of the Drake Passage, Gulf of Mexico, Labrador Sea, Mediterranean Sea, North Sea, Norwegian Sea, almost all of the Scotia Sea, and other tributary water bodies |
| Area - comparative | slightly smaller than Kentucky | slightly less than 6.5 times the size of the US |
| 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 Atlantic Ocean is the second largest of the world's five oceans (after the Pacific Ocean, but larger than the Indian Ocean, Southern Ocean, and Arctic Ocean). The Kiel Canal (Germany), Oresund (Denmark-Sweden), Bosporus (Turkey), Strait of Gibraltar (Morocco-Spain), and the Saint Lawrence Seaway (Canada-US) are important strategic access waterways. The decision by the International Hydrographic Organization in the spring of 2000 to delimit a fifth world ocean, the Southern Ocean, removed the portion of the Atlantic Ocean south of 60 degrees south. |
| Birth rate | 13.57 births/1,000 population (2007 est.) | - |
| Budget | revenues: $9.495 billion
expenditures: $8.432 billion (2007 est.) |
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| Capital | name: Reykjavik
geographic coordinates: 64 09 N, 21 57 W time difference: UTC (5 hours ahead of Washington, DC during Standard Time) |
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| Climate | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers | tropical cyclones (hurricanes) develop off the coast of Africa near Cape Verde and move westward into the Caribbean Sea; hurricanes can occur from May to December, but are most frequent from August to November |
| Coastline | 4,970 km | 111,866 km |
| Constitution | 16 June 1944, effective 17 June 1944; amended many times | - |
| Country name | conventional long form: Republic of Iceland
conventional short form: Iceland local long form: Lydveldid Island local short form: Island |
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| Death rate | 6.77 deaths/1,000 population (2007 est.) | - |
| Debt - external | $3.073 billion (2002) | - |
| 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 |
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| Diplomatic representation in the US | chief of mission: Ambassador Albert JONSSON
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 |
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| Disputes - international | Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm | some maritime disputes (see littoral states) |
| Economic aid - donor | $6.7 million (2004) | - |
| 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 nearly 70% of export earnings and employs 6% 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. Substantial foreign investment in the aluminum and hydropower sectors has boosted economic growth which, nevertheless, has been volatile and characterized by recurrent imbalances. 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. The 2006 closure of the US military base at Keflavik had very little impact on the national economy; Iceland's low unemployment rate aided former base employees in finding alternate employment. | The Atlantic Ocean provides some of the world's most heavily trafficked sea routes, between and within the Eastern and Western Hemispheres. Other economic activity includes the exploitation of natural resources, e.g., fishing, dredging of aragonite sands (The Bahamas), and production of crude oil and natural gas (Caribbean Sea, Gulf of Mexico, and North Sea). |
| Electricity - consumption | 8.152 billion kWh (2005) | - |
| Electricity - exports | 0 kWh (2005) | - |
| Electricity - imports | 0 kWh (2005) | - |
| Electricity - production | 8.533 billion kWh (2005) | - |
| Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Hvannadalshnukur 2,110 m (at Vatnajokull glacier) |
lowest point: Milwaukee Deep in the Puerto Rico Trench -8,605 m
highest point: sea level 0 m |
| Environment - current issues | water pollution from fertilizer runoff; inadequate wastewater treatment | endangered marine species include the manatee, seals, sea lions, turtles, and whales; drift net fishing is hastening the decline of fish stocks and contributing to international disputes; municipal sludge pollution off eastern US, southern Brazil, and eastern Argentina; oil pollution in Caribbean Sea, Gulf of Mexico, Lake Maracaibo, Mediterranean Sea, and North Sea; industrial waste and municipal sewage pollution in Baltic Sea, North Sea, and Mediterranean Sea |
| 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, Whaling
signed, but not ratified: Environmental Modification, Marine Life Conservation |
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| Ethnic groups | homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6% | - |
| Exchange rates | Icelandic kronur per US dollar - 63.391 (2007), 70.195 (2006), 62.982 (2005), 70.192 (2004), 76.709 (2003) | - |
| 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 in 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% |
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| Exports | 0 bbl/day (2004) | - |
| Exports - commodities | fish and fish products 70%, aluminum, animal products, ferrosilicon, diatomite | - |
| Exports - partners | Netherlands 16.5%, UK 15.7%, Germany 15%, US 10.8%, Spain 6.4% (2006) | - |
| Fiscal year | calendar year | - |
| 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) | - |
| GDP - composition by sector | agriculture: 5.3%
industry: 26.3% services: 68.4% (2007 est.) |
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| GDP - real growth rate | 1.8% (2007 est.) | - |
| Geographic coordinates | 65 00 N, 18 00 W | 0 00 N, 25 00 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 | major chokepoints include the Dardanelles, Strait of Gibraltar, access to the Panama and Suez Canals; strategic straits include the Strait of Dover, Straits of Florida, Mona Passage, The Sound (Oresund), and Windward Passage; the Equator divides the Atlantic Ocean into the North Atlantic Ocean and South Atlantic Ocean |
| Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
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| Imports | 17,450 bbl/day (2004) | - |
| Imports - commodities | machinery and equipment, petroleum products, foodstuffs, textiles | - |
| Imports - partners | US 12.8%, Germany 12.3%, Norway 7.1%, Sweden 6.9%, Denmark 6.1%, UK 5.3%, China 5.3%, Netherlands 4.8%, Japan 4.1% (2006) | - |
| Independence | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) | - |
| Industrial production growth rate | 9% (2007 est.) | - |
| Industries | fish processing; aluminum smelting, ferrosilicon production; geothermal power, tourism | - |
| Infant mortality rate | total: 3.27 deaths/1,000 live births
male: 3.41 deaths/1,000 live births female: 3.12 deaths/1,000 live births (2007 est.) |
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| Inflation rate (consumer prices) | 4.9% (2007 est.) | - |
| International organization participation | Arctic Council, Australia Group, BIS, CBSS, CE, EAPC, EBRD, EFTA, FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IPU, ISO, ITSO, ITU, ITUC, MIGA, NATO, NC, NEA, NIB, OECD, OPCW, OSCE, PCA, Schengen Convention, UN, UNCTAD, UNESCO, UPU, WCO, WEU (associate), WHO, WIPO, WMO, WTO | - |
| Irrigated land | NA | - |
| 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) | - |
| Labor force | 180,000 (2007 est.) | - |
| Labor force - by occupation | agriculture: 5.1%
industry: 23% services: 71.4% (2005) |
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| Land boundaries | 0 km | - |
| Land use | arable land: 0.07%
permanent crops: 0% other: 99.93% (2005) |
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| Languages | Icelandic, English, Nordic languages, German widely spoken | - |
| Legal system | civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction | - |
| Legislative branch | unicameral Parliament or Althing (63 seats; members are elected by popular vote to serve four-year terms)
elections: last held 12 May 2007 (next to be held by May 2011) election results: percent of vote by party - Independence Party 36.6%, Social Democratic Alliance 26.8%, Progressive Party 11.7%, Left-Green Movement 14.3%, Liberal Party 7.3%, other 3.3%; seats by party - Independence Party 25, Social Democratic Alliance 18, Progressive Party 7, Left-Green Alliance 9, Liberal Party 4 |
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| Life expectancy at birth | total population: 80.43 years
male: 78.33 years female: 82.62 years (2007 est.) |
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| Literacy | definition: age 15 and over can read and write
total population: 99% male: 99% female: 99% (2003 est.) |
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| Location | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK | body of water between Africa, Europe, the Southern Ocean, and the Western Hemisphere |
| Map references | Arctic Region | Political Map of the World |
| Maritime claims | territorial sea: 12 nm
exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin |
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| Merchant marine | total: 2 ships (1000 GRT or over) 4,704 GRT/729 DWT
by type: passenger/cargo 2 registered in other countries: 41 (Antigua and Barbuda 9, Bahamas 1, Belize 1, Faroe Islands 4, Gibraltar 1, Malta 7, Norway 3, St Vincent and The Grenadines 15) (2007) |
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| 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 | - |
| Military branches | no regular military forces; Icelandic National Police (2006) | - |
| Military expenditures - percent of GDP | 0% (2005 est.) | - |
| National holiday | Independence Day, 17 June (1944) | - |
| Nationality | noun: Icelander(s)
adjective: Icelandic |
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| Natural hazards | earthquakes and volcanic activity | icebergs common in Davis Strait, Denmark Strait, and the northwestern Atlantic Ocean from February to August and have been spotted as far south as Bermuda and the Madeira Islands; ships subject to superstructure icing in extreme northern Atlantic from October to May; persistent fog can be a maritime hazard from May to September; hurricanes (May to December) |
| Natural resources | fish, hydropower, geothermal power, diatomite | oil and gas fields, fish, marine mammals (seals and whales), sand and gravel aggregates, placer deposits, polymetallic nodules, precious stones |
| Net migration rate | 1.43 migrant(s)/1,000 population (2007 est.) | - |
| Political parties and leaders | Independence Party or IP [Geir H. HAARDE]; Left-Green Movement or LGM [Steingrimur SIGFUSSON]; Liberal Party or LP [Gudjon KRISTJANSSON]; Progressive Party or PP [Gudni AGUSTSSON]; Social Democratic Alliance or SDA [Ingibjorg Solrun GISLADOTTIR] (includes People's Alliance or PA, Social Democratic Party or SDP, Women's List) | - |
| Political pressure groups and leaders | NA | - |
| Population | 301,931 (July 2007 est.) | - |
| Population below poverty line | NA% | - |
| Population growth rate | 0.824% (2007 est.) | - |
| Ports and harbors | - | Alexandria (Egypt), Algiers (Algeria), Antwerp (Belgium), Barcelona (Spain), Buenos Aires (Argentina), Casablanca (Morocco), Colon (Panama), Copenhagen (Denmark), Dakar (Senegal), Gdansk (Poland), Hamburg (Germany), Helsinki (Finland), Las Palmas (Canary Islands, Spain), Le Havre (France), Lisbon (Portugal), London (UK), Marseille (France), Montevideo (Uruguay), Montreal (Canada), Naples (Italy), New Orleans (US), New York (US), Oran (Algeria), Oslo (Norway), Peiraiefs or Piraeus (Greece), Rio de Janeiro (Brazil), Rotterdam (Netherlands), Saint Petersburg (Russia), Stockholm (Sweden) |
| Radio broadcast stations | AM 3, FM about 70 (including repeaters), shortwave 1 (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) | - |
| Sex ratio | at birth: 1.04 male(s)/female
under 15 years: 1.029 male(s)/female 15-64 years: 1.028 male(s)/female 65 years and over: 0.825 male(s)/female total population: 1.002 male(s)/female (2007 est.) |
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| Suffrage | 18 years of age; universal | - |
| Telephone system | general assessment: telecommunications infrastructure is modern and fully digitized, with satellite-earth stations, fiber-optic cables, and an extensive broadband network
domestic: liberalization of the telecommunications sector beginning in the late 1990s has led to increased competition especially in the mobile services segment of the market international: country code - 354; the CANTAT-3 and FARICE-1 submarine cable systems provide connectivity to Canada, the Faroe Islands, UK, Denmark, and Germany; a planned new section of the Hibernia-Atlantic submarine cable will provide additional connectivity to Canada, US, and Ireland; 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) |
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| Telephones - main lines in use | 193,700 (2006) | - |
| Telephones - mobile cellular | 328,500 (2006) | - |
| Television broadcast stations | 14 (plus 156 repeaters) (1997) | - |
| Terrain | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords | surface usually covered with sea ice in Labrador Sea, Denmark Strait, and coastal portions of the Baltic Sea from October to June; clockwise warm-water gyre (broad, circular system of currents) in the northern Atlantic, counterclockwise warm-water gyre in the southern Atlantic; the ocean floor is dominated by the Mid-Atlantic Ridge, a rugged north-south centerline for the entire Atlantic basin |
| Total fertility rate | 1.91 children born/woman (2007 est.) | - |
| Transportation - note | - | Kiel Canal and Saint Lawrence Seaway are two important waterways; significant domestic commercial and recreational use of Intracoastal Waterway on central and south Atlantic seaboard and Gulf of Mexico coast of US |
| Unemployment rate | 1% (2007 est.) | - |
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