Iceland (2008) | Jersey (2007) | |
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Administrative divisions | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland | none (British crown dependency); there are no first-order administrative divisions as defined by the US Government, but there are 12 parishes including Grouville, Saint Brelade, Saint Clement, Saint Helier, Saint John, Saint Lawrence, Saint Martin, Saint Mary, Saint Quen, Saint Peter, Saint Saviour, and Trinity |
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: 16.9% (male 8,003/female 7,428)
15-64 years: 67.3% (male 30,586/female 30,853) 65 years and over: 15.8% (male 6,388/female 8,063) (2007 est.) |
Agriculture - products | potatoes, green vegetables; mutton, dairy products; fish | potatoes, cauliflower, tomatoes; beef, dairy products |
Airports | 99 (2007) | 1 (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) |
total: 1
1,524 to 2,437 m: 1 (2007) |
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: 116 sq km
land: 116 sq km water: 0 sq km |
Area - comparative | slightly smaller than Kentucky | about two-thirds 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. | Jersey and the other Channel Islands represent the last remnants of the medieval Dukedom of Normandy that held sway in both France and England. These islands were the only British soil occupied by German troops in World War II. Jersey is a British crown dependency, but is not part of the UK. However, the UK Government is constitutionally responsible for its defense and international representation. |
Birth rate | 13.57 births/1,000 population (2007 est.) | 9.02 births/1,000 population (2007 est.) |
Budget | revenues: $9.495 billion
expenditures: $8.432 billion (2007 est.) |
revenues: $829 million
expenditures: $851 million (2005) |
Capital | name: Reykjavik
geographic coordinates: 64 09 N, 21 57 W time difference: UTC (5 hours ahead of Washington, DC during Standard Time) |
name: Saint Helier
geographic coordinates: 49 11 N, 2 06 W time difference: UTC 0 (5 hours ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October |
Climate | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers | temperate; mild winters and cool summers |
Coastline | 4,970 km | 70 km |
Constitution | 16 June 1944, effective 17 June 1944; amended many times | unwritten; partly statutes, partly common law and practice |
Country name | conventional long form: Republic of Iceland
conventional short form: Iceland local long form: Lydveldid Island local short form: Island |
conventional long form: Bailiwick of Jersey
conventional short form: Jersey |
Death rate | 6.77 deaths/1,000 population (2007 est.) | 9.32 deaths/1,000 population (2007 est.) |
Debt - external | $3.073 billion (2002) | $NA |
Dependency status | - | British crown dependency |
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 (British crown dependency) |
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 |
none (British crown dependency) |
Disputes - international | 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 (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. | Jersey's economy is based on international financial services, agriculture, and tourism. In 2005 the finance sector accounted for about 50% of the island's output. Potatoes, cauliflower, tomatoes, and especially flowers are important export crops, shipped mostly to the UK. The Jersey breed of dairy cattle is known worldwide and represents an important export income earner. Milk products go to the UK and other EU countries. Tourism accounts for one-quarter of GDP. In recent years, the government has encouraged light industry to locate in Jersey, with the result that an electronics industry has developed alongside the traditional manufacturing of knitwear. All raw material and energy requirements are imported, as well as a large share of Jersey's food needs. Light taxes and death duties make the island a popular tax haven. Living standards come close to those of the UK. |
Electricity - consumption | 8.152 billion kWh (2005) | 630.1 million kWh (2004 est.) |
Electricity - exports | 0 kWh (2005) | - |
Electricity - imports | 0 kWh (2005) | NA kWh; note - electricity supplied by France |
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: Atlantic Ocean 0 m
highest point: unnamed location 143 m |
Environment - current issues | water pollution from fertilizer runoff; inadequate wastewater treatment | NA |
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% | Jersey 51.1%, Britons 34.8%, Irish, French, and other white 6.6%, Portuguese/Madeiran 6.4%, other 1.1% (2001 census) |
Exchange rates | Icelandic kronur per US dollar - 63.391 (2007), 70.195 (2006), 62.982 (2005), 70.192 (2004), 76.709 (2003) | Jersey pounds per US dollar - 0.5418 (2006), 0.5493 (2005), 0.5462 (2004), 0.6125 (2003), 0.6672 (2002)
note: the Jersey pound is at par with the British pound |
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: Queen ELIZABETH II (since 6 February 1952); represented by Lieutenant Governor Andrew RIDGEWAY (since 14 June 2006)
head of government: Chief Minister Frank WALKER (since December 2005); Bailiff Philip Martin BAILHACHE (since February 1995) cabinet: Cabinet (since December 2005) elections: ministers of the Cabinet including the chief minister are elected by the Assembly of States; the monarch is hereditary; lieutenant governor and bailiff appointed by the monarch |
Exports | 0 bbl/day (2004) | $NA |
Exports - commodities | fish and fish products 70%, aluminum, animal products, ferrosilicon, diatomite | light industrial and electrical goods, foodstuffs, textiles |
Exports - partners | Netherlands 16.5%, UK 15.7%, Germany 15%, US 10.8%, Spain 6.4% (2006) | UK (2006) |
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) | white with a diagonal red cross extending to the corners of the flag; in the upper quadrant, surmounted by a yellow crown, a red shield with the three lions of England in yellow |
GDP - composition by sector | agriculture: 5.3%
industry: 26.3% services: 68.4% (2007 est.) |
agriculture: 1%
industry: 2% services: 97% (2005) |
GDP - real growth rate | 1.8% (2007 est.) | NA% |
Geographic coordinates | 65 00 N, 18 00 W | 49 15 N, 2 10 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 | largest and southernmost of Channel Islands; about 30% of population concentrated in Saint Helier |
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) | $NA |
Imports - commodities | machinery and equipment, petroleum products, foodstuffs, textiles | machinery and transport equipment, manufactured goods, foodstuffs, mineral fuels, chemicals |
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) | UK (2006) |
Independence | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) | none (British crown dependency) |
Industrial production growth rate | 9% (2007 est.) | NA% |
Industries | fish processing; aluminum smelting, ferrosilicon production; geothermal power, tourism | tourism, banking and finance, dairy, electronics |
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.) |
total: 5.08 deaths/1,000 live births
male: 5.44 deaths/1,000 live births female: 4.7 deaths/1,000 live births (2007 est.) |
Inflation rate (consumer prices) | 4.9% (2007 est.) | 3.7% (December 2006) |
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 | 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) | Royal Court (judges elected by an electoral college and the bailiff) |
Labor force | 180,000 (2007 est.) | 53,560 (June 2006) |
Labor force - by occupation | agriculture: 5.1%
industry: 23% services: 71.4% (2005) |
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Land boundaries | 0 km | 0 km |
Land use | arable land: 0.07%
permanent crops: 0% other: 99.93% (2005) |
arable land: 0%
permanent crops: 0% other: 100% (2005) |
Languages | Icelandic, English, Nordic languages, German widely spoken | English 94.5% (official), Portuguese 4.6%, other 0.9% (2001 census) |
Legal system | civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction | the laws of the UK, where applicable, apply and local statutes; justice is administered by the Royal Court |
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 Assembly of the States of Jersey (58 seats; 55 are voting members, of which 12 are senators elected for six-year terms, 12 are constables or heads of parishes elected for three-year terms, 29 are deputies elected for three-year terms, the bailiff and the deputy bailiff, and 3 non-voting members includes the Dean of Jersey, the Attorney General, and the Solicitor General appointed by the monarch)
elections: last held 19 October 2005 for senators and 23 November 2005 for deputies (next to be held in 2008) election results: percent of vote - NA; seats - independents 55 |
Life expectancy at birth | total population: 80.43 years
male: 78.33 years female: 82.62 years (2007 est.) |
total population: 79.51 years
male: 77.02 years female: 82.2 years (2007 est.) |
Literacy | definition: age 15 and over can read and write
total population: 99% male: 99% female: 99% (2003 est.) |
definition: NA
total population: NA% male: NA% female: NA% |
Location | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK | Western Europe, island in the English Channel, northwest of France |
Map references | Arctic Region | Europe |
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: 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) |
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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 | defense is the responsibility of the UK |
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) | Liberation Day, 9 May (1945) |
Nationality | noun: Icelander(s)
adjective: Icelandic |
noun: Channel Islander(s)
adjective: Channel Islander |
Natural hazards | earthquakes and volcanic activity | NA |
Natural resources | fish, hydropower, geothermal power, diatomite | arable land |
Net migration rate | 1.43 migrant(s)/1,000 population (2007 est.) | 2.74 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) | two declared parties: Centre Party; Jersey Democratic Alliance
note: all senators and deputies elected in 2005 were independents |
Political pressure groups and leaders | NA | none |
Population | 301,931 (July 2007 est.) | 91,321 (July 2007 est.) |
Population below poverty line | NA% | NA% |
Population growth rate | 0.824% (2007 est.) | 0.244% (2007 est.) |
Radio broadcast stations | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) | AM NA, FM 1, 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, Roman Catholic, Baptist, Congregational New Church, Methodist, Presbyterian |
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: 1.077 male(s)/female 15-64 years: 0.991 male(s)/female 65 years and over: 0.792 male(s)/female total population: 0.971 male(s)/female (2007 est.) |
Suffrage | 18 years of age; universal | 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) |
general assessment: NA
domestic: NA international: submarine cable connectivity to Guernsey and UK |
Telephones - main lines in use | 193,700 (2006) | 73,900 (2001) |
Telephones - mobile cellular | 328,500 (2006) | 83,900 (2004) |
Television broadcast stations | 14 (plus 156 repeaters) (1997) | 2 (1997) |
Terrain | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords | gently rolling plain with low, rugged hills along north coast |
Total fertility rate | 1.91 children born/woman (2007 est.) | 1.58 children born/woman (2007 est.) |
Unemployment rate | 1% (2007 est.) | 2.2% (2006 est.) |