Iceland

This article refers to the country of Iceland. For the supermarket chain of the same name see: Iceland (supermarket).

The Republic of Iceland is an island nation in the northern Atlantic Ocean, located between Greenland and Great Britain, northwest of the Faroe Islands.

Lýðveldið Ísland

Flag of Iceland Iceland: Coat of Arms (In Detail) (Full size)
National motto: None
Official language	Icelandic
Capital	Reykjavík
President	Ólafur Ragnar Grímsson
Prime Minister	Davíð Oddsson
Area  - Total  - % water	Ranked 104th 103,125 km² 2.7%
Population  - Total (2003)  - Density	Ranked 169th 290,490 2.82/km²
Independence	Sovereignty December 1, 1918 Republic June 17, 1944
Currency	Króna (kr)
Time zone	UTC
National anthem	Lofsöngur
Internet TLD	.IS
Calling Code	354

History

Main article: History of Iceland

Iceland was first settled by Norwegians and Celtic (Scottish and Irish) immigrants during the late 9th and 10th century. It boasts the world's oldest parliament, the Althing, which was established in 930.

Iceland remained independent for over 300 years, and was subsequently ruled by Norway and Denmark. Limited home rule was granted in 1874, and protecterate like independence and sovereignty over domestic matters followed in 1918, foreign relations and defense remained in the authority of the Danish and the Danish king remained the sovereign of the nation until 1944, when republic was founded.

Politics

Main article: Politics of Iceland

Iceland's old parliament, the Althing, has 63 members, who are elected by the population every four years. The head of government is the prime minister, who together with his cabinet takes care of the executive part of government. The prime minister is appointed by the president, who is elected every four years, and is the head of state.

Administrative division

Municipalities

Main article: Municipalities of Iceland

There are 104 municipalities in Iceland that govern most local matters like schools, transportation and zoning.

Counties

Main article: Counties of Iceland

The 23 counties are mostly a historic division. Today Iceland is split up between 26 Magistrates that are the highest authority over the local police (except in Reykjavík where there is a special office of police commissioner) and carry out administrative functions such as declaring bankruptcy and marrying people outside of the church.

District Courts

Iceland is split up into 8 district court jurisdictions.

Constituencies

Until 2003, the constituencies for the parliament elections were the same as the district court jurisdictions but by an amendment to the constitution they were changed so that today there are only 6 constituencies. The change was made in order to balance the weight of different districts of the country since a vote cast in the sparsely populated areas around the country would count much more than a vote cast in the Reykjavík city area, the imbalance between districts has been reduced by the new system but it still exists.

Map of Iceland

Geography

Main article: Geography of Iceland & List of cities in Iceland

Iceland is located on a geological hot spot on the Mid-Atlantic Ridge. It has many active volcanoes, notably the Hekla, and around 10% of the island is glaciated. Iceland has many geysers (itself an Icelandic word) and the widespread availability of geothermal power means residents of most towns have hot water and home heat for a low price.

The island itself has many fjords along the coastline, where also most cities are situated. The main towns are the capital Reykjavík, Keflavík, where the national airport is situated, and Akureyri. The island of Grímsey, on the Arctic Circle contains the northernmost habitation of Iceland.

Unlike neighbouring Greenland, Iceland is usually considered to be a part of Europe, not of America. The island is the world's 18th largest island.

Economy

Main article: Economy of Iceland

The economy depends heavily on the fishing industry, which provides over 60% of export earnings and employs 8% of the work force. In the absence of other natural resources (except for abundant hydro-electric and geothermal power), Iceland's economy is vulnerable to changing world fish prices. The economy remains sensitive to declining fish stocks as well as to drops in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon.

The only natural resource conversion is the manufacture of cement. Most buildings are concrete with expensive imported wood used only sparingly and where necessary.

The center-right government plans to continue its policies of 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 has slowed between 2000 and 2002, but is expected to pick up in 2003.

Demographics

Main article: Demographics of Iceland

The isolated location of Iceland has resulted in limited immigration and limited genetic inflow in its human population over hundreds of years. The resulting genetic similarity is being exploited today for genetic studies.

The language spoken is Icelandic, a Scandinavian language, and the religion is predominantly Lutheran.

Culture

Main article: Culture of Iceland

Some famous Icelanders include pop singer Björk and novelist Halldór Laxness, winner of the Nobel Prize for literature in 1955.

See also: Music of Iceland

Miscellaneous topics

• List of Icelanders
• Communications in Iceland
• Transportation in Iceland
• Military of Iceland
• Foreign relations of Iceland
• Stamps and postal history of Iceland
• Naming conventions of Iceland

External links

• Iceland.org
• Alþingi (Parliament)
• The Trade Council of Iceland
• Worldwide press freedom index rank 1 out of 139 countries (4 way tie)