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Compare Iceland (2005) - Iceland (2004)
Compare Iceland (2005) z Iceland (2004)
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| Iceland (2005) | Iceland (2004) | |
 |  | |
| Age structure | 0-14 years: 22.1% (male 33,302/female 32,257)
15-64 years: 66.2% (male 99,513/female 96,886) 65 years and over: 11.7% (male 15,723/female 19,056) (2005 est.) |
0-14 years: 22.5% (male 33,522; female 32,489)
15-64 years: 65.8% (male 98,091; female 95,450) 65 years and over: 11.7% (male 15,552; female 18,862) (2004 est.) |
| Airports | 98 (2004 est.) | 100 (2003 est.) |
| Birth rate | 13.73 births/1,000 population (2005 est.) | 13.83 births/1,000 population (2004 est.) |
| Budget | revenues: $4.154 billion
expenditures: $4.058 billion, including capital expenditures of $467 million (2004 est.) |
revenues: $4.205 billion
expenditures: $4.405 billion, including capital expenditures of $467 million (2003) |
| Constitution | 16 June 1944, effective 17 June 1944; amended many times | 16 June 1944, effective 17 June 1944 |
| Currency | - | Icelandic krona (ISK) |
| Death rate | 6.68 deaths/1,000 population (2005 est.) | 6.57 deaths/1,000 population (2004 est.) |
| Debt - external | $3.073 billion (2002) | $2.6 billion (1999) |
| 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 | Rockall continental shelf dispute involving Denmark, Iceland, and the UK (Ireland and the UK have signed a boundary agreement in the Rockall area) remains dormant; 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 | $NA | 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 70% of export earnings and employs 8% 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 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 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. | 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 12% 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 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 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 inflation dropped back from 5% to 2%. |
| Electricity - consumption | 7.692 billion kWh (2002) | 7.341 billion kWh (2001) |
| Electricity - exports | 0 kWh (2002) | 0 kWh (2001) |
| Electricity - imports | 0 kWh (2002) | 0 kWh (2001) |
| Electricity - production | 8.271 billion kWh (2002) | 7.894 billion kWh (2001) |
| 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 |
party to: Air Pollution, 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: Air Pollution-Persistent Organic Pollutants, Environmental Modification, Marine Life Conservation |
| Exchange rates | Icelandic kronur per US dollar - 70.192 (2004), 76.709 (2003), 91.662 (2002), 97.425 (2001), 78.616 (2000) | Icelandic kronur per US dollar - 76.709 (2003), 91.6617 (2002), 97.4246 (2001), 78.6159 (2000), 72.3353 (1999) |
| Executive branch | chief of state: President Olafur Ragnar GRIMSSON (since 1 August 1996)
head of government: Prime Minister Halldor ASGRIMSSON (since 15 September 2004); note - Former Prime Minister David ODDSSON switched positions with former Foreign Minister Halldor ASGRIMMSON cabinet: Cabinet appointed by the prime minister and approved by parliament elections: president, which is largely a ceremonial post, elected by popular vote for a four-year term; 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 wins with 85.6% of the vote, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9% |
chief of state: President Olafur Ragnar GRIMSSON (since 1 August 1996)
head of government: Prime Minister Halldor ASGRIMSSON (since 15 September 2004); note - Former Prime Minister David ODDSSON switched positions with former Foreign Minister Halldor ASGRIMMSON cabinet: Cabinet appointed by the prime minister and approved by Parliament elections: president, which is largely a ceremonial post, elected by popular vote for a four-year term; election last held 26 June 2004 (next to be held June 2008); prime minister appointed by the president election results: Olafur Ragnar GRIMSSON wins with 85.6% of the vote, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9% |
| Exports - commodities | fish and fish products 70%, aluminum, animal products, ferrosilicon, diatomite | fish and fish products 70%, animal products, aluminum, diatomite, ferrosilicon |
| Exports - partners | UK 19.1%, Germany 17.2%, Netherlands 11.5%, US 9.8%, Spain 6.8%, Denmark 4.6% (2004) | Germany 17.4%, UK 17.4%, Netherlands 11.2%, US 9.8%, Spain 6.3%, Denmark 5%, Norway 4.5%, France 4% (2003) |
| GDP | - | purchasing power parity - $8.678 billion (2003 est.) |
| GDP - composition by sector | agriculture: 11.2%
industry: 9.6% services: 79.2% (2004 est.) |
agriculture: 9.2% (includes fishing 12%)
industry: 26.7% services: 64.2% (2003 est.) |
| GDP - per capita | purchasing power parity - $31,900 (2004 est.) | purchasing power parity - $30,900 (2003 est.) |
| GDP - real growth rate | 1.8% (2004 est.) | 2.6% (2003 est.) |
| Highways | total: 13,004 km
paved/oiled gravel: 4,331 km unpaved: 8,673 km (2004) |
total: 12,955 km
paved/oiled gravel: 3,863 km unpaved: 9,092 km (2003) |
| Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%: NA
highest 10%: NA |
| Imports - partners | Germany 12.3%, US 9.9%, Norway 9.7%, Denmark 7.9%, UK 7.2%, Sweden 6.7%, Netherlands 6% (2004) | Germany 11.8%, Denmark 8%, US 7.5%, UK 7.5%, Norway 7%, Sweden 6.5%, Netherlands 6.2%, Italy 4.7% (2003) |
| Industrial production growth rate | 8.8% (2004 est.) | 8.1% (2003 est.) |
| Infant mortality rate | total: 3.31 deaths/1,000 live births
male: 3.45 deaths/1,000 live births female: 3.16 deaths/1,000 live births (2005 est.) |
total: 3.31 deaths/1,000 live births
male: 3.44 deaths/1,000 live births female: 3.17 deaths/1,000 live births (2004 est.) |
| Inflation rate (consumer prices) | 4% (2004 est.) | 2.1% (2003 est.) |
| Labor force | 158,100 (2004 est.) | 160,000 (2003) |
| Labor force - by occupation | agriculture, fishing and fish processing 10.3%, industry 18.3%, services 71.4% (2003) | agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, services 59.5% (1999) |
| Life expectancy at birth | total population: 80.19 years
male: 78.13 years female: 82.34 years (2005 est.) |
total population: 80.18 years
male: 78.18 years female: 82.27 years (2004 est.) |
| Literacy | definition: age 15 and over can read and write
total population: 99.9% (1997 est.) male: NA% female: NA% |
definition: age 15 and over can read and write
total population: 99.9% (1997 est.) male: NA female: NA |
| Merchant marine | total: 3 ships (1,000 GRT or over) 4,341 GRT/6,019 DWT
by type: cargo 2, passenger/cargo 1 registered in other countries: 30 (2005) |
total: 1 ships (1,000 GRT or over) 4,341 GRT/6,019 DWT
by type: petroleum tanker 1 registered in other countries: 26 (2004 est.) |
| Military branches | no regular armed forces; Icelandic National Police, Icelandic Coast Guard (Islenska Landhelgisgaeslan) | no regular armed forces; Police, Coast Guard |
| Military manpower - availability | - | males age 15-49: 75,568 (2004 est.) |
| Military manpower - fit for military service | - | males age 15-49: 66,503 (2004 est.) |
| Net migration rate | 2.06 migrant(s)/1,000 population (2005 est.) | 2.38 migrant(s)/1,000 population (2004 est.) |
| Political parties and leaders | Independence Party or IP [David ODDSSON]; Left-Green Alliance or LGP [Steingrimur SIGFUSSON]; Liberal Party or LP [Gudjon KRISTJANSSON]; Progressive Party or PP [Halldor ASGRIMSSON]; Social Democratic Alliance (includes People's Alliance or PA, Social Democratic Party or SDP, Women's List) or SDA [Ingibjorg Solrun GISLADOTTIR] | Independence Party or IP [David ODDSSON]; Left-Green Alliance or LGP [Steingrimur SIGFUSSON]; Liberal Party or LP [Gudjon KRISTJANSSON]; Progressive Party or PP [Halldor ASGRIMSSON]; Social Democratic Alliance (includes People's Alliance or PA, Social Democratic Party or SDP, Women's List) or SDA [Ossur SKARPHEDINSSON] |
| Population | 296,737 (July 2005 est.) | 293,966 (July 2004 est.) |
| Population below poverty line | NA% | NA |
| Population growth rate | 0.91% (2005 est.) | 0.97% (2004 est.) |
| Ports and harbors | Grundartangi, Hafnarfjordur, Hornafjordhur, Reykjavik, Seydhisfjordhur | Akureyri, Hornafjordhur, Isafjordhur, Keflavik, Raufarhofn, Reykjavik, Seydhisfjordhur, Straumsvik, Vesttmannaeyjar |
| 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 87.1%, other Protestant 4.1%, Roman Catholic 1.7%, other 7.1% (2002) |
| 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 (2005 est.) |
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: 0.83 male(s)/female total population: 1 male(s)/female (2004 est.) |
| Total fertility rate | 1.92 children born/woman (2005 est.) | 1.93 children born/woman (2004 est.) |
| Unemployment rate | 3.1% (2004 est.) | 3.4% (2003 est.) |
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