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Iceland

Parliamentary republic
Independent since 1944

Iceland
Official:
Republic of Iceland
Local name:
Ísland
Region:
Northern Europe
Area:
103,000 km²
Capital:
Reykjavík
Iceland on the world map

Geography

Iceland is an island state in the North Sea between Europe and Greenland. The land has a total area of 103,000 km² (39,768 mi²) and a total coastline of 4,970 km (3,088.2 mi). This land area is approximately 98% of the area of Kentucky. Iceland is thus the 16th biggest country in Europe and in terms of area ranked 108th worldwide. With 3.6 inhabitants per km² it is one of the most sparsely populated countries on earth. An exceptionally high proportion of residents (94%) belongs to the urban population. More than every third inhabitant lives in Reykjavík.

Iceland lies at an average elevation of 557 meters above sea level. The highest mountain peak (Hvannadalshnúkur) is at 2,119 meters. The island group consists of about 40 islands. Iceland has no direct neighbors. The distance between New York City and the Capital Reykjavík is about 4,210 km (2,616 mi).

Population

Life expectancy females:
Ø 84.5 years
Birth rate:
13.1 ‰
Death rate:
6.3 ‰
Males/Females:
51.3% : 48.7%

Population pyramid

Population pyramid Iceland 2021
The currency in Iceland is the Icelandic krone (ISK).
1 Krone is divided into 100 Aurar.
Status: 06/02/2023
1 US dollar = 140.13 Krones
1000 Krones = 7.14 US dollar

The climate in Iceland

The country is much further away from the equator than Central Europe. This means that the winter days in Iceland are much darker, colder and also shorter. The country is under cold polar climate. Depending on the season, the average daytime temperatures range between 4 and 15 degrees. In some parts of the country, the temperature rises to 16 °C. In the colder months, and depending in the region, the temperature drops to -1 °C in a month's average.

Average daytime and nighttime temperatures
Average daytime and nighttime temperatures in Iceland
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Languages

Official language:
Icelandic

Mother tongueDistribution
Icelandic95.7 %
other4.3 %

Religions

State religion:
Church of Iceland (Evangelical Lutheran)

ReligionDistribution
Lutherans73.8%
Reykjavik Free Church2.9%
Hafnarfjorour Free Church2.0%
Congregationalists1.0%
Roman Catholics3.6%
nondenominational5.6%
other11.1%

more...

Economy

GDP:25.60 bn $
Exportations:9,703.0 M $
Importations:10,246.3 M $
Tourism receipts:3.13 bn $
Debt rate:74.60 %
Unemployment rate:3.8 %
Inflation rate:8.31 %
Corruption index:74 (good)
Energy consumption:17.9 bn kWh

With a Human Development Index (HDI) of 0.959, Iceland counts as one of the high developed economies by UN definition. The IMF also shares this classification.

Considering the purchasing power parity, Iceland is among the 20 richest countries in the world and, with an average annual income of 63,460 USD is one of the high-income countries.



Land use

1% Urban areas:1,024 km²
19% Agricultural areas:19,230 km²
1% Forest:525 km²
3% Water areas:2,750 km²
80% Others:82,221 km²

more...

Transport

Roadways:12,898 km
Commercial harbors:41
Airports:5

Most important cities

CityRegionPopulation
Reykjavík / CapitalCapital Region130,000
KópavogurCapital Region32,000
HafnarfjörðurCapital Region27,000
AkureyriNortheast18,000
GarðabærCapital Region11,000
MosfellsbærCapital Region8,650
AkranesWest6,610
SelfossSouth6,510
SeltjarnarnesCapital Region4,320
VestmannaeyjarSouth4,220
GrindavíkSouthern Peninsula2,860
ÍsafjörðurWestfjords2,620
SauðárkrókurNorthwest2,580
EgilsstaðirEast2,300
HveragerðiSouth2,290
EgilsstaðirEast2,270
HúsavíkNortheast2,230
ReykjanesbærSouthern Peninsula2,010
BorgarnesWest1,760
HöfnEast1,690
SandgerðiSouthern Peninsula1,550
ÞorlákshöfnSouth1,490
NeskaupstaðurEast1,470
GarðurSouthern Peninsula1,430
DalvíkNortheast1,360
SiglufjörðurNortheast1,190
StykkishólmurWest1,110




Political indicators

(Based on the "Worldwide Governance Indicators" project of the World Bank)

Political stability:
Rule of law:
Effectivity:
Regulatory quality:
Voice accountability:
Death penalty:abolished in 1928





Existing trade agreements



Alliances

Comparison: Iceland / United StatesCountry comparison: Iceland / United States of AmericaThe United States of America and Iceland compared: demography, Economy, energy, languages and further dimensions.
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