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$Unique_ID{COW01635}
$Pretitle{422}
$Title{Iceland
Statistical Profile of Iceland}
$Subtitle{}
$Author{Central Intelligence Agency}
$Affiliation{United States Government}
$Subject{rate
fish
billion
june
est
fishing
icelandic
km
total
}
$Date{1990}
$Log{National Anthem*60400010.aud
Map of Iceland*0163501.scf
Flag of Iceland*0163502.scf
}
Country: Iceland
Book: CIA World Factbook
Author: Central Intelligence Agency
Affiliation: United States Government
Date: 1990
[Hear National Anthem]
[See Map of Iceland]
[See Flag of Iceland]
Statistical Profile of Iceland
Geography
Total area: 103,000 km2; land area: 100,250 km2
Comparative area: slightly smaller than Kentucky
Land boundaries: none
Coastline: 4,988 km
Maritime claims:
Continental shelf: edge of continental margin or 200 nm;
Extended economic zone: 200 nm;
Territorial sea: 12 nm
Disputes: Rockall continental shelf dispute involving Denmark, Ireland, and
the UK (Ireland and the UK have signed a boundary agreement in the Rockall
area)
Climate: temperate; moderated by North Atlantic Current; mild, windy winters;
damp, cool summers
Terrain: mostly plateau interspersed with mountain peaks, icefields; coast
deeply indented by bays and fiords
Natural resources: fish, hydroelectric and geothermal power, diatomite
Land use: NEGL% arable land; 0% permanent crops; 23% meadows and pastures; 1%
forest and woodland; 76% other
Environment: subject to earthquakes and volcanic activity
Note: strategic location between Greenland and Europe; westernmost European
country
People
Population: 257,023 (July 1990), growth rate 1.1% (1990)
Birth rate: 18 births/1,000 population (1990)
Death rate: 7 deaths/1,000 population (1990)
Net migration rate: 0 migrants/1,000 population (1990)
Infant mortality rate: 7 deaths/1,000 live births (1990)
Life expectancy at birth: 75 years male, 80 years female (1990)
Total fertility rate: 2.2 children born/woman (1990)
Nationality: noun--Icelander(s); adjective--Icelandic
Ethnic divisions: homogeneous mixture of descendants of Norwegians and Celts
Religion: 95% Evangelical Lutheran, 3% other Protestant and Roman Catholic, 2%
no affiliation
Language: Icelandic
Literacy: 100%
Labor force: 134,429; 55.4% commerce, finance, and services, 14.3% other
manufacturing, 5.8% agriculture, 7.9% fish processing, 5.0% fishing (1986)
Organized labor: 60% of labor force
Government
Long-form name: Republic of Iceland
Type: republic
Capital: Reykjavik
Administrative divisions: 23 counties (syslar, singular--sysla) and 14
independent towns* (kaupstadar, singular--kaupstadur); Akranes*, Akureyri*,
Arnessysla, Austur-Bardhastrandarsysla, Austur-Hunavatnssysla,
Austur-Skaftafellssysla, Borgarfjardharsysla, Dalasysla, Eyjafjardharsysla,
Gullbringusysla, Hafnarfjordhur*, Husavik*, Isafjordhur*, Keflavik*,
Kjosarsysla, Kopavogur*, Myrasysla, Neskaupstadhur*, Nordhur-Isafjardharsysla,
Nordhur-Mulasysla, Nordhur-Thingeyjarsysla, Olafsfjordhur*, Rangarvallasysla,
Reykjavik*, Saudharkrokur*, Seydhisfjordhur*, Siglufjordhur*,
Skagafjardharsysla, Snaefellsnes-og Hanppadalssysla, Strandasysla,
Sudhur-Mulasysla, Sudhur-Thingeyjarsysla, Vestmannaeyjar*,
Vestur-Bardhastrandarsysla, Vestur-Hunavatnssysla, Vestur-Isafjardharsysla,
Vestur-Skaftafellssysla
Independence: 17 June 1944 (from Denmark)
Constitution: 16 June 1944, effective 17 June 1944
Legal system: civil law system based on Danish law; does not accept compulsory
ICJ jurisdiction
National holiday: Anniversary of the Establishment of the Republic, 17 June
(1944)
Executive branch: president, prime minister, Cabinet
Legislative branch: unicameral Parliament (Althing) with an Upper House (Efri
Deild) and a Lower House (Nedri Deild)
Judicial branch: Supreme Court (Haestirettur)
Leaders: Chief of State--President Vigdis FINNBOGADOTTIR (since 1 August
1980);
Head of Government--Prime Minister Steingrimur HERMANNSSON (since 28 September
1988)
Political parties and leaders: Independence (conservative), Thorsteinn
Palsson; Progressive, Steingrimur Hermannsson; Social Democratic, Jon Baldvin
Hannibalsson; People's Alliance (left socialist), Olafur Ragnar Grimsson;
Citizens Party (conservative nationalist), Julius Solnes; Women's List
Suffrage: universal at age 20
Elections: President--last held on 29 June 1980 (next scheduled for June
1992); results--there were no elections in 1984 and 1988 as President Vigdis
Finnbogadottir was unopposed;
Parliament--last held on 25 April 1987 (next to be held by 25 April 1991);
results--Independence 27.2%, Progressive 18.9%, Social Democratic 15.2%,
People's Alliance 13.4%, Citizens Party 10.9%, Womens List 10.1%, other 4.3%;
seats--(63 total) Independence 18, Progressive 13, Social Democratic 10,
People's Alliance 8, Citizens Party 7, Womens List 6, Regional Equality
Platform 1
Communists: less than 100 (est.), some of whom participate in the People's
Alliance
Member of: CCC, Council of Europe, EC (free trade agreement pending resolution
of fishing limits issue), EFTA, FAO, GATT, IAEA, IBRD, ICAO, ICES, IDA, IFC,
IHO, ILO, IMF, IMO, INTELSAT, INTERPOL, IPU, ITU, IWC--International Whaling
Commission, NATO, Nordic Council, OECD, UN, UNESCO, UPU, WHO, WMO, WSG
Diplomatic representation: Ambassador Ingvi S. INGVARSSON; Chancery at 2022
Connecticut Avenue NW, Washington DC 20008; telephone (202) 265-6653 through
6655; there is an Icelandic Consulate General in New York; US--Ambassador
Charles E. COBB; Embassy at Laufasvegur 21, Reykjavik (mailing address is FPO
New York 09571-0001); telephone (354) (1) 29100
Flag: blue with a red cross outlined in white that extends 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)
Economy
Overview: Iceland's prosperous Scandinavian-type economy is basically
capitalistic, but with extensive welfare measures, low unemployment, and
comparatively even distribution of income. The economy is heavily dependent on
the fishing industry, which provides nearly 75% of export earnings. In the
absence of other natural resources, Iceland's economy is vulnerable to
changing world fish prices. National output declined for the second
consecutive year in 1989, and two of the largest fish farms filed for
bankruptcy. Other economic activities include livestock raising and aluminum
smelting. A fall in the fish catch is expected for 1990, resulting in a
continuation of the recession.
GDP: $4.0 billion, per capita $16,200; real growth rate - 1.8% (1989 est.)
Inflation rate (consumer prices): 17.4% (1989 est.)
Unemployment rate: 1.3% (1989 est.)
Budget: revenues $1.5 billion; expenditures $1.7 billion, including capital
expenditures of $NA million (1988)
Exports: $1.4 billion (f.o.b., 1988); commodities--fish and fish products,
animal products, aluminum, diatomite; partners--EC 58.9% (UK 23.3%, FRG
10.3%), US 13.6%, USSR 3.6%
Imports: $1.6 billion (c.i.f., 1988); commodities--machinery and
transportation equipment, petroleum, foodstuffs, textiles; partners--EC 58%
(FRG 16%, Denmark 10.4%, UK 9.2%), US 8.5%, USSR 3.9%
External debt: $1.8 billion (1988)
Industrial production: growth rate 4.7% (1987 est.)
Electricity: 1,063,000 kW capacity; 5,165 million kWh produced, 20,780 kWh per
capita (1989)
Industries: fish processing, aluminum smelting, ferro-silicon production,
hydropower
Agriculture: accounts for about 25% of GDP (including fishing); fishing is
most important economic activity, contributing nearly 75% to export earnings;
principal crops--potatoes and turnips; livestock--cattle, sheep;
self-sufficient in crops; fish catch of about 1.6 million metric tons in 1987
Aid: US commitments, including Ex-Im (FY70-81), $19.1 million
Currency: krona (plural--kronur); 1 Icelandic krona (IKr) = 100 aurar
Exchange rates: Icelandic kronur (IKr) per US$1--60.751 (January 1990), 57.042
(1989), 43.014 (1988), 38.677 (1987), 41.