World (2001) | Iceland (2005) | |
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Administrative divisions | 267 nations, dependent areas, other, and miscellaneous entries | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland |
Age structure | 0-14 years:
29.6% (male 933,647,850; female 886,681,514) 15-64 years: 63.4% (male 1,975,418,386; female 1,931,021,694) 65 years and over: 7% (male 188,760,223; female 241,449,691) (2001 est.) |
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.) |
Agriculture - products | - | potatoes, green vegetables, mutton, dairy products, fish |
Airports | - | 98 (2004 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 (2004 est.) |
Airports - with unpaved runways | - | total: 93
1,524 to 2,437 m: 3 914 to 1,523 m: 29 under 914 m: 61 (2004 est.) |
Area | total:
510.072 million sq km land: 148.94 million sq km water: 361.132 million sq km note: 70.8% of the world's surface is water, 29.2% is land |
total: 103,000 sq km
land: 100,250 sq km water: 2,750 sq km |
Area - comparative | land area about 16 times the size of the US | slightly smaller than Kentucky |
Background | Globally, the 20th century was marked by: (a) two devastating world wars; (b) the Great Depression of the 1930s; (c) the end of vast colonial empires; (d) rapid advances in science and technology, from the first airplane flight at Kitty Hawk, North Carolina (US) to the landing on the moon; (e) the Cold War between the Western alliance and the Warsaw Pact nations; (f) a sharp rise in living standards in North America, Europe, and Japan; (g) increased concerns about the environment, including loss of forests, shortages of energy and water, the drop in biological diversity, and air pollution; (h) the onset of the AIDS epidemic; and (i) the ultimate emergence of the US as the only world superpower. The planet's population continues to explode: from 1 billion in 1820, to 2 billion in 1930, 3 billion in 1960, 4 billion in 1974, 5 billion in 1988, and 6 billion in 2000. For the 21st century, the continued exponential growth in science and technology raises both hopes (e.g., advances in medicine) and fears (e.g., development of even more lethal weapons of war). | 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. |
Birth rate | 21.37 births/1,000 population (2001 est.) | 13.73 births/1,000 population (2005 est.) |
Budget | - | revenues: $4.154 billion
expenditures: $4.058 billion, including capital expenditures of $467 million (2004 est.) |
Capital | - | Reykjavik |
Climate | two large areas of polar climates separated by two rather narrow temperate zones from a wide equatorial band of tropical to subtropical climates | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers |
Coastline | 356,000 km | 4,988 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: Lydhveldidh Island local short form: Island |
Death rate | 8.93 deaths/1,000 population (2001 est.) | 6.68 deaths/1,000 population (2005 est.) |
Debt - external | $2 trillion for less developed countries (2000 est.) | $3.073 billion (2002) |
Diplomatic representation from the US | - | chief of mission: Ambassador James I. GADSDEN
embassy: Laufasvegur 21, 101 Reykjavik mailing address: US Embassy, PSC 1003, Box 40, FPO AE 09728-0340 telephone: [354] 562-9100 FAX: [354] 562-9118 |
Diplomatic representation in the US | - | chief of mission: Ambassador Helgi AGUSTSSON
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 |
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 |
Economic aid - donor | - | $NA |
Economic aid - recipient | traditional worldwide foreign aid $50 billion (1997 est.) | - |
Economy - overview | Growth in global output (gross world product, GWP) rose to 4.8% in 2000 from 3.5% in 1999, despite continued low growth in Japan, severe financial difficulties in other East Asian countries, and widespread dislocations in several transition economies. The US economy continued its remarkable sustained prosperity, growing at 5% in 2000, although growth slowed in fourth quarter 2000; the US accounted for 23% of GWP. The EU economies grew at 3.3% and produced 20% of GWP. China, the second largest economy in the world, continued its strong growth and accounted for 10% of GWP. Japan grew at only 1.3% in 2000; its share in GWP is 7%. As usual, the 15 successor nations of the USSR and the other old Warsaw Pact nations experienced widely different rates of growth. The developing nations also varied in their growth results, with many countries facing population increases that eat up gains in output. Externally, the nation-state, as a bedrock economic-political institution, is steadily losing control over international flows of people, goods, funds, and technology. Internally, the central government often finds its control over resources slipping as separatist regional movements - typically based on ethnicity - gain momentum, e.g., in many of the successor states of the former Soviet Union, in the former Yugoslavia, in India, and in Canada. In Western Europe, governments face the difficult political problem of channeling resources away from welfare programs in order to increase investment and strengthen incentives to seek employment. The addition of 80 million people each year to an already overcrowded globe is exacerbating the problems of pollution, desertification, underemployment, epidemics, and famine. Because of their own internal problems and priorities, the industrialized countries devote insufficient resources to deal effectively with the poorer areas of the world, which, at least from the economic point of view, are becoming further marginalized. Continued financial difficulties in East Asia, Russia, and many African nations, as well as the slowdown in US economic growth, cast a shadow over short-term global economic prospects; GWP probably will grow at 3-4% in 2001. The introduction of the euro as the common currency of much of Western Europe in January 1999, while paving the way for an integrated economic powerhouse, poses serious economic risks because of varying levels of income and cultural and political differences among the participating nations. (For specific economic developments in each country of the world in 2000, see the individual country entries.) | 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. |
Electricity - consumption | - | 7.692 billion kWh (2002) |
Electricity - exports | - | 0 kWh (2002) |
Electricity - imports | - | 0 kWh (2002) |
Electricity - production | - | 8.271 billion kWh (2002) |
Electricity - production by source | fossil fuel:
NA% hydro: NA% nuclear: NA% other: NA% |
- |
Elevation extremes | lowest point:
Bentley Subglacial Trench -2,540 m highest point: Mount Everest 8,850 m (1999 est.) |
lowest point: Atlantic Ocean 0 m
highest point: Hvannadalshnukur 2,119 m (at Vatnajokull glacier) |
Environment - current issues | large areas subject to overpopulation, industrial disasters, pollution (air, water, acid rain, toxic substances), loss of vegetation (overgrazing, deforestation, desertification), loss of wildlife, soil degradation, soil depletion, erosion | water pollution from fertilizer runoff; inadequate wastewater treatment |
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 |
Ethnic groups | - | homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6% |
Exchange rates | - | Icelandic kronur per US dollar - 70.192 (2004), 76.709 (2003), 91.662 (2002), 97.425 (2001), 78.616 (2000) |
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% |
Exports | $6 trillion (f.o.b., 2000 est.) | 0 bbl/day (2001) |
Exports - commodities | the whole range of industrial and agricultural goods and services | fish and fish products 70%, aluminum, animal products, ferrosilicon, diatomite |
Exports - partners | in value, about 75% of exports from the developed countries | UK 19.1%, Germany 17.2%, Netherlands 11.5%, US 9.8%, Spain 6.8%, Denmark 4.6% (2004) |
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 | GWP (gross world product) - purchasing power parity - $43.6 trillion (2000 est.) | - |
GDP - composition by sector | agriculture:
4% industry: 32% services: 64% (1999 est.) |
agriculture: 11.2%
industry: 9.6% services: 79.2% (2004 est.) |
GDP - per capita | purchasing power parity - $7,200 (2000 est.) | purchasing power parity - $31,900 (2004 est.) |
GDP - real growth rate | 4.8% (2000 est.) | 1.8% (2004 est.) |
Geographic coordinates | - | 65 00 N, 18 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 |
Highways | total:
NA km paved: NA km unpaved: NA km |
total: 13,004 km
paved/oiled gravel: 4,331 km unpaved: 8,673 km (2004) |
Household income or consumption by percentage share | lowest 10%:
NA% highest 10%: NA% |
lowest 10%: NA%
highest 10%: NA% |
Imports | $6 trillion (f.o.b., 2000 est.) | 15,470 bbl/day (2001) |
Imports - commodities | the whole range of industrial and agricultural goods and services | machinery and equipment, petroleum products; foodstuffs, textiles |
Imports - partners | in value, about 75% of imports by the developed countries | Germany 12.3%, US 9.9%, Norway 9.7%, Denmark 7.9%, UK 7.2%, Sweden 6.7%, Netherlands 6% (2004) |
Independence | - | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) |
Industrial production growth rate | 6% (2000 est.) | 8.8% (2004 est.) |
Industries | dominated by the onrush of technology, especially in computers, robotics, telecommunications, and medicines and medical equipment; most of these advances take place in OECD nations; only a small portion of non-OECD countries have succeeded in rapidly adjusting to these technological forces; the accelerated development of new industrial (and agricultural) technology is complicating already grim environmental problems | fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism |
Infant mortality rate | 52.61 deaths/1,000 live births (2001 est.) | 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.) |
Inflation rate (consumer prices) | all countries 25%; developed countries 1% to 3% typically; developing countries 5% to 60% typically (2000 est.)
note: national inflation rates vary widely in individual cases, from stable prices in Japan to hyperinflation in a number of Third World countries |
4% (2004 est.) |
International organization participation | - | Australia Group, BIS, CBSS, CE, EAPC, EBRD, EFTA, FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, ISO, ITU, MIGA, NATO, NC, NEA, NIB, OECD, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UPU, WCO, WEU (associate), WHO, WIPO, WMO, WTO |
Internet Service Providers (ISPs) | 10,350 (2000 est.) | - |
Irrigated land | 2,481,250 sq km (1993 est.) | 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) |
Labor force | NA | 158,100 (2004 est.) |
Labor force - by occupation | agricultue NA%, industry NA%, services NA% | agriculture, fishing and fish processing 10.3%, industry 18.3%, services 71.4% (2003) |
Land boundaries | the land boundaries in the world total 251,480.24 km (not counting shared boundaries twice) | 0 km |
Land use | arable land:
10% permanent crops: 1% permanent pastures: 26% forests and woodland: 32% other: 31% (1993 est.) |
arable land: 0.07%
permanent crops: 0% other: 99.93% (2001) |
Languages | - | Icelandic, English, Nordic languages, German widely spoken |
Legal system | all members of the UN plus Switzerland are parties to the statute that established the International Court of Justice (ICJ) or World Court | 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 10 May 2003 (next to be held by May 2007) election results: percent of vote by party - Independence Party 33.7%, Social Democratic Alliance 31.0%, Progressive Party 17.7%, Left-Green Alliance 8.8%, Liberal Party 7.4%; seats by party - Independence Party 22, Social Democratic Alliance 20, Progressive Party 12, Left-Green Alliance 5, Liberal Party 4 |
Life expectancy at birth | total population:
63.79 years male: 62.15 years female: 65.51 years (2001 est.) |
total population: 80.19 years
male: 78.13 years female: 82.34 years (2005 est.) |
Literacy | - | definition: age 15 and over can read and write
total population: 99.9% (1997 est.) male: NA% female: NA% |
Location | - | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK |
Map references | World, Time Zones | Arctic Region |
Maritime claims | contiguous zone:
24 NM claimed by most, but can vary continental shelf: 200-m depth claimed by most or to depth of exploitation; others claim 200 NM or to the edge of the continental margin exclusive fishing zone: 200 NM claimed by most, but can vary exclusive economic zone: 200 NM claimed by most, but can vary territorial sea: 12 NM claimed by most, but can vary note: boundary situations with neighboring states prevent many countries from extending their fishing or economic zones to a full 200 NM; 43 nations and other areas that are landlocked include Afghanistan, Andorra, Armenia, Austria, Azerbaijan, Belarus, Bhutan, Bolivia, Botswana, Burkina Faso, Burundi, Central African Republic, Chad, Czech Republic, Ethiopia, Holy See (Vatican City), Hungary, Kazakhstan, Kyrgyzstan, Laos, Lesotho, Liechtenstein, Luxembourg, Malawi, Mali, Moldova, Mongolia, Nepal, Niger, Paraguay, Rwanda, San Marino, Slovakia, Swaziland, Switzerland, Tajikistan, The Former Yugoslav Republic of Macedonia, Turkmenistan, Uganda, Uzbekistan, West Bank, Zambia, Zimbabwe |
territorial sea: 12 nm
exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin |
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) |
Military - note | - | defense is provided by the US-manned Icelandic Defense Force (IDF) headquartered at Keflavik |
Military branches | - | no regular armed forces; Icelandic National Police, Icelandic Coast Guard (Islenska Landhelgisgaeslan) |
Military expenditures - dollar figure | aggregate real expenditure on arms worldwide in 1999 remained at approximately the 1998 level, about three-quarters of a trillion dollars (1999 est.) | 0 |
Military expenditures - percent of GDP | roughly 2% of gross world product (1999 est.) | - |
National holiday | - | Independence Day, 17 June (1944) |
Nationality | - | noun: Icelander(s)
adjective: Icelandic |
Natural hazards | large areas subject to severe weather (tropical cyclones), natural disasters (earthquakes, landslides, tsunamis, volcanic eruptions) | earthquakes and volcanic activity |
Natural resources | the rapid using up of nonrenewable mineral resources, the depletion of forest areas and wetlands, the extinction of animal and plant species, and the deterioration in air and water quality (especially in Eastern Europe, the former USSR, and China) pose serious long-term problems that governments and peoples are only beginning to address | fish, hydropower, geothermal power, diatomite |
Net migration rate | - | 2.06 migrant(s)/1,000 population (2005 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] |
Political pressure groups and leaders | - | NA |
Population | 6,157,400,560 (July 2001 est.) | 296,737 (July 2005 est.) |
Population below poverty line | - | NA% |
Population growth rate | 1.25% (2001 est.) | 0.91% (2005 est.) |
Ports and harbors | Chiba, Houston, Kawasaki, Kobe, Marseille, Mina' al Ahmadi (Kuwait), New Orleans, New York, Rotterdam, Yokohama | Grundartangi, Hafnarfjordur, Hornafjordhur, Reykjavik, Seydhisfjordhur |
Radio broadcast stations | AM NA, FM NA, shortwave NA | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) |
Radios | NA | - |
Railways | total:
1,201,337 km includes about 190,000 to 195,000 km of electrified routes of which 147,760 km are in Europe, 24,509 km in the Far East, 11,050 km in Africa, 4,223 km in South America, and 4,160 km in North America; note - fastest speed in daily service is 300 km/hr attained by France's Societe Nationale des Chemins-de-Fer Francais (SNCF) Le Train a Grande Vitesse (TGV) - Atlantique line broad gauge: 251,153 km standard gauge: 710,754 km narrow gauge: 239,430 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) |
Sex ratio | at birth:
1.05 male(s)/female under 15 years: 1.05 male(s)/female 15-64 years: 1.02 male(s)/female 65 years and over: 0.78 male(s)/female total population: 1.05 male(s)/female (2001 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: 0.82 male(s)/female total population: 1 male(s)/female (2005 est.) |
Suffrage | - | 18 years of age; universal |
Telephone system | general assessment:
NA domestic: NA international: NA |
general assessment: extensive domestic service
domestic: the trunk network consists of coaxial and fiber-optic cables and microwave radio relay links international: country code - 354; 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 | NA | 190,700 (2003) |
Telephones - mobile cellular | NA | 279,100 (2003) |
Television broadcast stations | NA | 14 (plus 156 low-power repeaters) (1997) |
Terrain | the greatest ocean depth is the Mariana Trench at 10,924 m in the Pacific Ocean | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords |
Total fertility rate | 2.73 children born/woman (2001 est.) | 1.92 children born/woman (2005 est.) |
Unemployment rate | 30% combined unemployment and underemployment in many non-industrialized countries; developed countries typically 4%-12% unemployment (2000 est.) | 3.1% (2004 est.) |