Iceland (2008) | Virgin Islands (2006) | |
Administrative divisions | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland | none (territory of the US); there are no first-order administrative divisions as defined by the US Government, but there are three islands at the second order; Saint Croix, Saint John, Saint Thomas |
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: 22.4% (male 12,261/female 12,056)
15-64 years: 66.4% (male 34,174/female 37,949) 65 years and over: 11.2% (male 5,385/female 6,780) (2006 est.) |
Agriculture - products | potatoes, green vegetables; mutton, dairy products; fish | fruit, vegetables, sorghum; Senepol cattle |
Airports | 99 (2007) | 2 (2006) |
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: 2
over 3,047 m: 1 1,524 to 2,437 m: 1 (2006) |
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: 1,910 sq km
land: 346 sq km water: 1,564 sq km |
Area - comparative | slightly smaller than Kentucky | twice 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. | During the 17th century, the archipelago was divided into two territorial units, one English and the other Danish. Sugarcane, produced by slave labor, drove the islands' economy during the 18th and early 19th centuries. In 1917, the US purchased the Danish portion, which had been in economic decline since the abolition of slavery in 1848. |
Birth rate | 13.57 births/1,000 population (2007 est.) | 13.96 births/1,000 population (2006 est.) |
Budget | revenues: $9.495 billion
expenditures: $8.432 billion (2007 est.) |
revenues: $NA
expenditures: $NA |
Capital | name: Reykjavik
geographic coordinates: 64 09 N, 21 57 W time difference: UTC (5 hours ahead of Washington, DC during Standard Time) |
name: Charlotte Amalie
geographic coordinates: 18 21 N, 64 56 W time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time) |
Climate | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers | subtropical, tempered by easterly trade winds, relatively low humidity, little seasonal temperature variation; rainy season September to November |
Coastline | 4,970 km | 188 km |
Constitution | 16 June 1944, effective 17 June 1944; amended many times | Revised Organic Act of 22 July 1954 |
Country name | conventional long form: Republic of Iceland
conventional short form: Iceland local long form: Lydveldid Island local short form: Island |
conventional long form: United States Virgin Islands
conventional short form: Virgin Islands former: Danish West Indies abbreviation: USVI |
Death rate | 6.77 deaths/1,000 population (2007 est.) | 6.43 deaths/1,000 population (2006 est.) |
Debt - external | $3.073 billion (2002) | $NA |
Dependency status | - | organized, unincorporated territory of the US with policy relations between the Virgin Islands and the US under the jurisdiction of the Office of Insular Affairs, US Department of the Interior |
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 (territory of the US) |
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 (territory of the US) |
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) | - |
Economic aid - recipient | - | $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. | Tourism is the primary economic activity, accounting for 80% of GDP and employment. The islands normally host 2 million visitors a year. The manufacturing sector consists of petroleum refining, textiles, electronics, pharmaceuticals, and watch assembly. The agricultural sector is small, with most food being imported. International business and financial services are small but growing components of the economy. One of the world's largest petroleum refineries is at Saint Croix. The islands are subject to substantial damage from storms. The government is working to improve fiscal discipline, to support construction projects in the private sector, to expand tourist facilities, to reduce crime, and to protect the environment. |
Electricity - consumption | 8.152 billion kWh (2005) | 967.3 million kWh (2003) |
Electricity - exports | 0 kWh (2005) | 0 kWh (2003) |
Electricity - imports | 0 kWh (2005) | 0 kWh (2003) |
Electricity - production | 8.533 billion kWh (2005) | 1.04 billion kWh (2003) |
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: Crown Mountain 475 m |
Environment - current issues | water pollution from fertilizer runoff; inadequate wastewater treatment | lack of natural freshwater resources |
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% | black 76.2%, white 13.1%, Asian 1.1%, other 6.1%, mixed 3.5% (2000 census) |
Exchange rates | Icelandic kronur per US dollar - 63.391 (2007), 70.195 (2006), 62.982 (2005), 70.192 (2004), 76.709 (2003) | the US dollar is used |
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 George W. BUSH of the US (since 20 January 2001); Vice President Richard B. CHENEY (since 20 January 2001)
head of government: Governor Dr. Charles Wesley TURNBULL (since 5 January 1999) cabinet: NA elections: under the US Consitution, residents of unincorporated territories, such as the Virgin Islands, do not vote in elections for US president and vice president; governor and lieutenant governor elected on the same ticket by popular vote for four-year terms (eligible for a second term); election last held 7 and 21 November 2006 (next to be held November 2010) election results: John DeJONGH elected governor and takes office in January 2007; percent of vote - John DeJONGH 57.3%, Kenneth MAPP 42.7% |
Exports | 0 bbl/day (2004) | NA bbl/day |
Exports - commodities | fish and fish products 70%, aluminum, animal products, ferrosilicon, diatomite | refined petroleum products |
Exports - partners | Netherlands 16.5%, UK 15.7%, Germany 15%, US 10.8%, Spain 6.4% (2006) | US, Puerto Rico (2004) |
Fiscal year | calendar year | 1 October - 30 September |
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 modified US coat of arms in the center between the large blue initials V and I; the coat of arms shows a yellow eagle holding an olive branch in one talon and three arrows in the other with a superimposed shield of vertical red and white stripes below a blue panel |
GDP - composition by sector | agriculture: 5.3%
industry: 26.3% services: 68.4% (2007 est.) |
agriculture: 1%
industry: 19% services: 80% (2003 est.) |
GDP - real growth rate | 1.8% (2007 est.) | 2% (2002 est.) |
Geographic coordinates | 65 00 N, 18 00 W | 18 20 N, 64 50 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 | important location along the Anegada Passage - a key shipping lane for the Panama Canal; Saint Thomas has one of the best natural deepwater harbors in the Caribbean |
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 bbl/day |
Imports - commodities | machinery and equipment, petroleum products, foodstuffs, textiles | crude oil, foodstuffs, consumer goods, building materials |
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) | US, Puerto Rico (2004) |
Independence | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) | - |
Industrial production growth rate | 9% (2007 est.) | NA% |
Industries | fish processing; aluminum smelting, ferrosilicon production; geothermal power, tourism | tourism, petroleum refining, watch assembly, rum distilling, construction, pharmaceuticals, textiles, 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: 7.86 deaths/1,000 live births
male: 8.93 deaths/1,000 live births female: 6.72 deaths/1,000 live births (2006 est.) |
Inflation rate (consumer prices) | 4.9% (2007 est.) | 2.2% (2003) |
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 | IOC, UPU |
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) | US District Court of the Virgin Islands (under Third Circuit jurisdiction); Superior Court of the Virgin Islands (judges appointed by the governor for 10-year terms) |
Labor force | 180,000 (2007 est.) | 43,980 (2004 est.) |
Labor force - by occupation | agriculture: 5.1%
industry: 23% services: 71.4% (2005) |
agriculture: 1%
industry: 19% services: 80% (2003 est.) |
Land boundaries | 0 km | 0 km |
Land use | arable land: 0.07%
permanent crops: 0% other: 99.93% (2005) |
arable land: 5.71%
permanent crops: 2.86% other: 91.43% (2005) |
Languages | Icelandic, English, Nordic languages, German widely spoken | English 74.7%, Spanish or Spanish Creole 16.8%, French or French Creole 6.6%, other 1.9% (2000 census) |
Legal system | civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction | based on US laws |
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 Senate (15 seats; members are elected by popular vote to serve two-year terms)
elections: last held 7 November 2006 (next to be held November 2008) election results: percent of vote by party - NA%; seats by party - Democratic Party 8, ICM 4, independent 3 note: the Virgin Islands elects one non-voting representative to the US House of Representatives; election last held 7 November 2006 (next to be held November 2008); results - Donna M. CHRISTENSEN (Democrat) reelected |
Life expectancy at birth | total population: 80.43 years
male: 78.33 years female: 82.62 years (2007 est.) |
total population: 79.05 years
male: 75.24 years female: 83.09 years (2006 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: 90-95% est. male: NA% female: NA% (2005 est.) |
Location | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK | Caribbean, islands between the Caribbean Sea and the North Atlantic Ocean, east 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: 12 nm
exclusive economic zone: 200 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 US |
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) | Transfer Day (from Denmark to the US), 27 March (1917) |
Nationality | noun: Icelander(s)
adjective: Icelandic |
noun: Virgin Islander(s) (US citizens)
adjective: Virgin Islander |
Natural hazards | earthquakes and volcanic activity | several hurricanes in recent years; frequent and severe droughts and floods; occasional earthquakes |
Natural resources | fish, hydropower, geothermal power, diatomite | sun, sand, sea, surf |
Net migration rate | 1.43 migrant(s)/1,000 population (2007 est.) | -8.73 migrant(s)/1,000 population (2006 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) | Democratic Party [Arturo WATLINGTON]; Independent Citizens' Movement or ICM [Usie RICHARDS]; Republican Party [Gary SPRAUVE] |
Political pressure groups and leaders | NA | NA |
Population | 301,931 (July 2007 est.) | 108,605 (July 2006 est.) |
Population below poverty line | NA% | NA% |
Population growth rate | 0.824% (2007 est.) | -0.12% (2006 est.) |
Radio broadcast stations | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) | AM 6, FM 16, shortwave 0 (2006) |
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) | Baptist 42%, Roman Catholic 34%, Episcopalian 17%, other 7% |
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: 1.06 male(s)/female
under 15 years: 1.02 male(s)/female 15-64 years: 0.9 male(s)/female 65 years and over: 0.79 male(s)/female total population: 0.91 male(s)/female (2006 est.) |
Suffrage | 18 years of age; universal | 18 years of age; universal; island residents are US citizens but do not vote in US presidential elections |
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: modern system with total digital switching, uses fiber-optic cable and microwave radio relay
domestic: full range of services available international: country code - 1-340; 2 submarine cable connections (Taino Carib, Americas-1); satellite earth stations - NA |
Telephones - main lines in use | 193,700 (2006) | 70,900 (2004) |
Telephones - mobile cellular | 328,500 (2006) | 64,200 (2004) |
Television broadcast stations | 14 (plus 156 repeaters) (1997) | 5 (2006) |
Terrain | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords | mostly hilly to rugged and mountainous with little level land |
Total fertility rate | 1.91 children born/woman (2007 est.) | 2.17 children born/woman (2006 est.) |
Unemployment rate | 1% (2007 est.) | 6.2% (2004) |