Basic facts on Iceland

Main Article:

The climb and descent of the Icelandic economy

Property rights in fisheries management

Source:

www.iceland.org
– Icelandic Government’s
Information & Services

 

 

Geography
Location:

Capital:
Total area:
Sea area withinfishing limits:
Coastline:

European island in the North Atlantic (3 hours’ flight from London, 5½ hours from New York).
Reykjavik (population 120.000 approx.).
03,000 km² (39,756 square miles). Vegetation – 23.1%, Lakes: 2.7%, Glaciers: 11.6%, Wasteland: 62.6%.
758,000 km²
4,970 km.

 

People
Population 2008:
Religion:

313.000 (2.9 per sq. km).
Ethnic groups: Homogenous mixture of descendants of the original Nordic and Celtic settlers.
State Lutheran Church 84%.

 

Government
Type:
President:
Prime Minister:

Republic since 17 June 1944. Independent since 1 December 1918
(since 1996): Mr. Olafur Ragnar Grímsson.
(since 2009): Mrs. Jóhanna Sigurðardóttir.
The cabinet is responsible to the legislature (Althingi).

 

Economy
Currency:
Gross domestic product (GDP):
Labour force:
Unemployment:
Employment by industry (approx.):

Icelandic krona (ISK) (Rate of exchange – See Central Bank exchange rates).
 
per capita 2007: US$54,000
180.000 (2008).
4% (2008, 4th quarter).

Agriculture: 3%, Fishing: 3%, Industry: 20%. Services: 70%.

 

iStock_000005960187Medium

View over Reykjavik.