Iceland (2008) | Iceland (2001) | |
Administrative divisions | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland | 23 counties (syslar, singular - sysla) and 14 independent towns* (kaupstadhir, singular - kaupstadhur); Akranes*, Akureyri*, Arnessysla, Austur-Bardhastrandarsysla, Austur-Hunavatnssysla, Austur-Skaftafellssysla, Borgarfjardharsysla, Dalasysla, Eyjafjardharsysla, Gullbringusysla, Hafnarfjordhur*, Husavik*, Isafjordhur*, Keflavik*, Kjosarsysla, Kopavogur*, Myrasysla, Neskaupstadhur*, Nordhur-Isafjardharsysla, Nordhur-Mulasys-la, Nordhur-Thingeyjarsysla, Olafsfjordhur*, Rangarvallasysla, Reykjavik*, Saudharkrokur*, Seydhisfjordhur*, Siglufjordhur*, Skagafjardharsysla, Snaefellsnes-og Hnappadalssysla, Strandasysla, Sudhur-Mulasysla, Sudhur-Thingeyjarsysla, Vesttmannaeyjar*, Vestur-Bardhastrandarsysla, Vestur-Hunavatnssysla, Vestur-Isafjardharsysla, Vestur-Skaftafellssysla
note: there may be four other counties |
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.) |
0-14 years:
23.18% (male 33,238; female 31,191) 15-64 years: 65.01% (male 91,095; female 89,583) 65 years and over: 11.81% (male 14,681; female 18,118) (2001 est.) |
Agriculture - products | potatoes, green vegetables; mutton, dairy products; fish | potatoes, turnips; cattle, sheep; fish |
Airports | 99 (2007) | 87 (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 (2007) |
total:
12 over 3,047 m: 1 1,524 to 2,437 m: 4 914 to 1,523 m: 7 (2000 est.) |
Airports - with unpaved runways | total: 94
1,524 to 2,437 m: 3 914 to 1,523 m: 28 under 914 m: 63 (2007) |
total:
75 1,524 to 2,437 m: 3 914 to 1,523 m: 20 under 914 m: 52 (2000 est.) |
Area | total: 103,000 sq km
land: 100,250 sq km water: 2,750 sq km |
total:
103,000 sq km land: 100,250 sq km water: 2,750 sq km |
Birth rate | 13.57 births/1,000 population (2007 est.) | 14.62 births/1,000 population (2001 est.) |
Budget | revenues: $9.495 billion
expenditures: $8.432 billion (2007 est.) |
revenues:
$3.5 billion expenditures: $3.3 billion, including capital expenditures of $467 million (1999) |
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 |
Constitution | 16 June 1944, effective 17 June 1944; amended many times | 16 June 1944, effective 17 June 1944 |
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: Lyoveldio Island local short form: Island |
Currency | - | Icelandic krona (ISK) |
Death rate | 6.77 deaths/1,000 population (2007 est.) | 6.89 deaths/1,000 population (2001 est.) |
Debt - external | $3.073 billion (2002) | $2.6 billion (1999) |
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 Barbara J. GRIFFITHS embassy: Laufasvegur 21, Reykjavik mailing address: US Embassy, PSC 1003, Box 40, FPO AE 09728-0340 telephone: [354] 5629100 FAX: [354] 5629118 |
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 |
chief of mission:
Ambassador Jon-Baldvin HANNIBALSSON chancery: Suite 1200, 1156 15th Street NW, Washington, DC 20005 telephone: [1] (202) 265-6653 FAX: [1] (202) 265-6656 consulate(s) general: New York |
Disputes - international | Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm | Rockall continental shelf dispute involving Denmark and the UK (Ireland and the UK have signed a boundary agreement in the Rockall area); 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 |
Economic aid - donor | $6.7 million (2004) | $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 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. | Iceland's Scandinavian-type economy is basically capitalistic, yet with an extensive welfare system, low unemployment, and remarkably even distribution of income. In the absence of other natural resources (except for abundant hydrothermal and 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 drops in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. The center-right government plans to continue its policies of 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 has been remarkably steady over the past five years at 4%-5%. |
Electricity - consumption | 8.152 billion kWh (2005) | 6.574 billion kWh (1999) |
Electricity - exports | 0 kWh (2005) | 0 kWh (1999) |
Electricity - imports | 0 kWh (2005) | 0 kWh (1999) |
Electricity - production | 8.533 billion kWh (2005) | 7.069 billion kWh (1999) |
Electricity - production by source | - | fossil fuel:
0.07% hydro: 84.64% nuclear: 0% other: 15.29% (1999) |
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 |
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 |
party to:
Air Pollution, Biodiversity, Climate Change, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Wetlands signed, but not ratified: Air Pollution-Persistent Organic Pollutants, Marine Life Conservation |
Ethnic groups | homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6% | homogeneous mixture of descendants of Norse and Celts |
Exchange rates | Icelandic kronur per US dollar - 63.391 (2007), 70.195 (2006), 62.982 (2005), 70.192 (2004), 76.709 (2003) | Icelandic kronur per US dollar - 84.810 (January 2001), 78.676 (2000), 72.335 (1999), 70.958 (1998), 70.904 (1997), 66.500 (1996) |
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% |
chief of state:
President Olafur Ragnar GRIMSSON (since 1 August 1996) head of government: Prime Minister David ODDSSON (since 30 April 1991) cabinet: Cabinet appointed by the prime minister and approved by Parliament elections: president elected by popular vote for a four-year term; election last held 29 June 1996 (next to be held NA June 2004); President GRIMSSON ran unopposed in June 2000 so there were no elections; prime minister appointed by the president election results: Olafur Ragnar GRIMSSON elected president; President GRIMSSON ran unopposed |
Exports | 0 bbl/day (2004) | $2 billion (f.o.b., 2000) |
Exports - commodities | fish and fish products 70%, aluminum, animal products, ferrosilicon, diatomite | fish and fish products 70%, animal products, aluminum, diatomite, ferrosilicon |
Exports - partners | Netherlands 16.5%, UK 15.7%, Germany 15%, US 10.8%, Spain 6.4% (2006) | EU 64% (UK 20%, Germany 13%, France 5%, Denmark 5%), US 15%, Japan 5% (1999) |
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 a red cross outlined in white that extends 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 | - | purchasing power parity - $6.85 billion (2000 est.) |
GDP - composition by sector | agriculture: 5.3%
industry: 26.3% services: 68.4% (2007 est.) |
agriculture:
15% (includes fishing 13%) industry: 21% services: 64% (1999 est.) |
GDP - per capita | - | purchasing power parity - $24,800 (2000 est.) |
GDP - real growth rate | 1.8% (2007 est.) | 4.3% (2000 est.) |
Highways | - | total:
12,691 km paved: 3,262 km unpaved: 9,429 km (1999) |
Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%:
NA% highest 10%: NA% |
Imports | 17,450 bbl/day (2004) | $2.2 billion (f.o.b., 2000) |
Imports - commodities | machinery and equipment, petroleum products, foodstuffs, textiles | 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) | EU 56% (Germany 12%, UK 9%, Denmark 8%, Sweden 6%), US 11%, Norway 10% (1999) |
Independence | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) | 17 June 1944 (from Denmark) |
Industrial production growth rate | 9% (2007 est.) | 1.5% (2000 est.) |
Industries | fish processing; aluminum smelting, ferrosilicon production; geothermal power, tourism | fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism |
Infant mortality rate | total: 3.27 deaths/1,000 live births
male: 3.41 deaths/1,000 live births female: 3.12 deaths/1,000 live births (2007 est.) |
3.56 deaths/1,000 live births (2001 est.) |
Inflation rate (consumer prices) | 4.9% (2007 est.) | 3.5% (2000 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 | Australia Group, BIS, CBSS, CCC, CE, EAPC, EBRD, ECE, EFTA, FAO, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IEA (observer), IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, ISO, ITU, NATO, NC, NEA, NIB, OECD, OPCW, OSCE, UN, UNCTAD, UNESCO, UNHCR, UNMIBH, UNMIK, UNU, UPU, WEU (associate), WHO, WIPO, WMO, WTrO |
Internet Service Providers (ISPs) | - | 7 (2000) |
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) | Supreme Court or Haestirettur (justices are appointed for life by the president) |
Labor force | 180,000 (2007 est.) | 159,000 (2000) |
Labor force - by occupation | agriculture: 5.1%
industry: 23% services: 71.4% (2005) |
agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, other services 59.5% (1999) |
Land use | arable land: 0.07%
permanent crops: 0% other: 99.93% (2005) |
arable land:
0% permanent crops: 0% permanent pastures: 23% forests and woodland: 1% other: 76% (1993 est.) |
Languages | Icelandic, English, Nordic languages, German widely spoken | Icelandic |
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 |
unicameral Parliament or Althing (63 seats; members are elected by popular vote to serve four-year terms)
elections: last held on 8 May 1999 (next to be held by April 2003) election results: percent of vote by party - Independence Party 40.7%, The Alliance (PA, People's Party, Women's List) 26.8%, Progressive Party 18.4%, Left-Green Alliance 9.1%, Liberal Party 4.2%; seats by party - Independence Party 26, The Alliance 17, Progressive Party 12, Left-Green Alliance 6, Liberal Party 2 |
Life expectancy at birth | total population: 80.43 years
male: 78.33 years female: 82.62 years (2007 est.) |
total population:
79.52 years male: 77.31 years female: 81.92 years (2001 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% |
Maritime claims | territorial sea: 12 nm
exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin |
continental shelf:
200 NM or to the edge of the continental margin exclusive economic zone: 200 NM territorial sea: 12 NM |
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) |
total:
2 ships (1,000 GRT or over) totaling 3,435 GRT/4,538 DWT ships by type: chemical tanker 1, petroleum tanker 1 (2000 est.) |
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 military forces; Icelandic National Police (2006) | no regular armed forces; Police, Coast Guard; note - Iceland's defense is provided by the US-manned Icelandic Defense Force (IDF) headquartered at Keflavik |
Military expenditures - dollar figure | - | $0 |
Military expenditures - percent of GDP | 0% (2005 est.) | - |
Military manpower - availability | - | males age 15-49:
71,241 (2001 est.) |
Military manpower - fit for military service | - | males age 15-49:
62,704 (2001 est.) |
Nationality | noun: Icelander(s)
adjective: Icelandic |
noun:
Icelander(s) adjective: Icelandic |
Net migration rate | 1.43 migrant(s)/1,000 population (2007 est.) | -2.28 migrant(s)/1,000 population (2001 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) | Independence Party (conservative) or IP [David ODDSSON]; Left-Green Alliance [Steinsvimur SIGFUSSON]; Liberal Party [Sverrir HERMANNSSON]; People's Party (Social Democratic Party) or SDP [Sighvatyr BJORGIVINSSON]; Progressive Party (liberal) or PP [Halldor ASGRIMSSON]; The Alliance (includes People's Alliance or PA, Social Democratic Party or SVP, People's Movement, Women's List) [Ossur SKARPHEDINSSON]; Women's List or WL [Kristin ASTGEIRSDOTTIR] |
Population | 301,931 (July 2007 est.) | 277,906 (July 2001 est.) |
Population growth rate | 0.824% (2007 est.) | 0.54% (2001 est.) |
Ports and harbors | - | Akureyri, Hornafjordur, Isafjordhur, Keflavik, Raufarhofn, Reykjavik, Seydhisfjordhur, Straumsvik, Vestmannaeyjar |
Radios | - | 260,000 (1997) |
Railways | - | 0 km |
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) | Evangelical Lutheran 93%, other Protestant and Roman Catholic, none (1997) |
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.) |
at birth:
1.08 male(s)/female under 15 years: 1.07 male(s)/female 15-64 years: 1.02 male(s)/female 65 years and over: 0.81 male(s)/female total population: 1 male(s)/female (2001 est.) |
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) |
general assessment:
adequate domestic service domestic: the trunk network consists of coaxial and fiber-optic cables and microwave radio relay links international: 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) |
Telephones - main lines in use | 193,700 (2006) | 168,000 (1997) |
Telephones - mobile cellular | 328,500 (2006) | 65,746 (1997) |
Television broadcast stations | 14 (plus 156 repeaters) (1997) | 14 (plus 156 low-power repeaters) (1997) |
Total fertility rate | 1.91 children born/woman (2007 est.) | 2.01 children born/woman (2001 est.) |
Unemployment rate | 1% (2007 est.) | 2.7% (January 2001) |
Waterways | - | none |