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Countries of the World: Iceland
Resources about Iceland including maps, facts about the land, people, history, government, political conditions, and economy.

Economy of Iceland GDP (2009): $12.0 billion. GDP growth rate: (2007) 3.8%; (2008) 1.3%; (2009) -6.5%. Per capita GDP (2009): $37,622. Inflation rate: (2008) 18.1%; (2009) 7.5%. Central government budget: (2009) $4.5 billion; (2010 proposed) $4.5 billion. Annual budget deficit: (2009 estimated) $1.2 billion; (2010 proposed) $790 million. Net central government debt: (2007) 10.3% of GDP; (2008 estimated) 41.3% of GDP; (2009 estimated) 78% of GDP. Natural resources: Marine products, hydroelectric and geothermal power. Agriculture: Products--potatoes, tomatoes, cucumbers, carrots, roses, livestock. Industry: Types--aluminum smelting, fishing and fish processing technology, ferro-silicon alloy production, hydro and geothermal power, tourism, information technology. Trade: Exports of goods (2009)--$4.0 billion: marine products 41.7%; industrial products 48.6%; agricultural products 1.5%; and miscellaneous 8.2%. Partners (2009)--EEA 83.5% (Netherlands 30.7%, U.K. 12.8%, Germany 11.3%, Spain 4.8%, Norway 5.8%); U.S. 3.9% ($155.3 million). Imports (2009)--$3.3 billion: industrial supplies 30.4%; capital goods, parts, accessories 21.5%; consumer goods 15.6%; transport equipment 9.7%; food and beverages 10.2%; fuels and lubricants 12.4%. Partners (2009)--EEA 64.8% (Germany 8.3%, Sweden 8.1%, Netherlands 8.6%, Denmark 7.3%, U.K. 4.5%, Norway 13.0%); U.S. 6.9% ($248 million); China 5.0%; Japan 3.4%. (Note: All figures are converted to U.S. dollars (USD) using the Central bank’s end of year 2009 USD/Icelandic krona (ISK) mid exchange rate: 124.9.)

Geography of Iceland Area: 103,000 sq. km. (39,600 sq. mi.); about the size of Virginia or slightly larger than Ireland. Cities: Capital--Reykjavík (pop. 118,326). Other towns-- Kópavogur (30,357), Hafnarfjörður (25,913), Akureyri (17,573), Reykjanesbær (14,091), Garðabær (10,643). Terrain: Rugged. Climate: Maritime temperate. Highest elevation: Hvannadalshnjúkur at Vatnajökull Glacier, at 2,110 meters (6,923 ft.).

Government of Iceland Type: Parliamentary republic. Independence: 1918 (became "sovereign state" under Danish Crown); 1944 (establishment of republic); Constitution: 1874. Branches: Executive--president (head of state), prime minister (head of government), cabinet (12 ministers). Legislative--63- member unicameral parliament (Althingi). Judicial--Supreme Court, district courts, special courts. Subdivisions: 26 administrative districts and 77 municipalities. Major political parties: Social Democratic Alliance (SDA), Left-Green Party (LGP), Independence Party (IP), Progressive Party (PP), and The Movement. Suffrage: Universal 18 years and above. National holiday: June 17, anniversary of the establishment of the republic.

Map of Iceland This Map of Iceland shows the borders of the country, as well as rivers, and cities including Reykjavík the capital of Iceland. (Maps from the U.S. State Department)

Official Name of Iceland The Official Name of Iceland is the Republic of Iceland. (Facts from the U.S. State Department)

People of Iceland Nationality: Noun--Icelander(s). Adjective--Icelandic. Population (January 1, 2010): 317,630. Annual population growth rate (2009): -0.54%. Ethnic group: Relatively homogenous mixture of descendants of Norwegians and Celts. Religion: Evangelical Lutheran, 84.4%. Language: Icelandic. Education: Compulsory up to age 16. Attendance--99%. Literacy- -99.9%. Health: Infant mortality rate (1999-2008 average)--2.4/1,000. Life expectancy (2008)--men 79.6 years, women 83.0 years. Work force (2008, 184,100): Commerce--32.2%; manufacturing-- 8.2%; fishing/fish processing--3.4%; construction--10.05%; transport and communications--6.3%; agriculture--2.3%; government, education, and health--27.2%; other services-- 9.55%. Unemployment (March 2010): 9.3%.

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