factbook.json/europe/ic.json
2023-03-02 22:07:40 +00:00

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{
"Introduction": {
"Background": {
"text": "Settled by Norwegian and Celtic (Scottish and Irish) immigrants during the late 9th and 10th centuries A.D., Iceland boasts the world's oldest functioning legislative assembly, the Althingi, established in 930. Independent for over 300 years, Iceland was subsequently ruled by Norway and Denmark. Fallout from the Askja volcano of 1875 devastated the Icelandic economy and caused widespread famine. Over the next quarter century, 20% of the island's population emigrated, mostly to Canada and the US. Denmark granted limited home rule in 1874 and complete independence in 1944. The second half of the 20th century saw substantial economic growth driven primarily by the fishing industry. The economy diversified greatly after the country joined the European Economic Area in 1994, but Iceland was especially hard hit by the global financial crisis in the years following 2008. The economy is now on an upward trajectory, fueled primarily by a tourism and construction boom. Literacy, longevity, and social cohesion are first rate by world standards."
}
},
"Geography": {
"Location": {
"text": "Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the United Kingdom"
},
"Geographic coordinates": {
"text": "65 00 N, 18 00 W"
},
"Map references": {
"text": "Arctic Region"
},
"Area": {
"total": {
"text": "103,000 sq km"
},
"land": {
"text": "100,250 sq km"
},
"water": {
"text": "2,750 sq km"
}
},
"Area - comparative": {
"text": "slightly smaller than Pennsylvania; about the same size as Kentucky"
},
"Land boundaries": {
"total": {
"text": "0 km"
}
},
"Coastline": {
"text": "4,970 km"
},
"Maritime claims": {
"territorial sea": {
"text": "12 nm"
},
"exclusive economic zone": {
"text": "200 nm"
},
"continental shelf": {
"text": "200 nm or to the edge of the continental margin"
}
},
"Climate": {
"text": "temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers"
},
"Terrain": {
"text": "mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords"
},
"Elevation": {
"highest point": {
"text": "Hvannadalshnukur (at Vatnajokull Glacier) 2,110 m"
},
"lowest point": {
"text": "Atlantic Ocean 0 m"
},
"mean elevation": {
"text": "557 m"
}
},
"Natural resources": {
"text": "fish, hydropower, geothermal power, diatomite"
},
"Land use": {
"agricultural land": {
"text": "18.7% (2018 est.)"
},
"agricultural land: arable land": {
"text": "arable land: 1.2% (2018 est.)"
},
"agricultural land: permanent crops": {
"text": "permanent crops: 0% (2018 est.)"
},
"agricultural land: permanent pasture": {
"text": "permanent pasture: 17.5% (2018 est.)"
},
"forest": {
"text": "0.3% (2018 est.)"
},
"other": {
"text": "81% (2018 est.)"
}
},
"Irrigated land": {
"text": "0.5 sq km (2020)"
},
"Population distribution": {
"text": "Iceland is almost entirely urban with half of the population located in and around the capital of Reykjavik; smaller clusters are primarily found along the coast in the north and west"
},
"Natural hazards": {
"text": "<p>earthquakes and volcanic activity</p><p><strong>volcanism:</strong> Iceland, situated on top of a hotspot, experiences severe volcanic activity; Eyjafjallajokull (1,666 m) erupted in 2010, sending ash high into the atmosphere and seriously disrupting European air traffic; scientists continue to monitor nearby Katla (1,512 m), which has a high probability of eruption in the very near future, potentially disrupting air traffic; Grimsvoetn and Hekla are Iceland's most active volcanoes; other historically active volcanoes include Askja, Bardarbunga, Brennisteinsfjoll, Esjufjoll, Hengill, Krafla, Krisuvik, Kverkfjoll, Oraefajokull, Reykjanes, Torfajokull, and Vestmannaeyjar</p>"
},
"Geography - note": {
"text": "strategic location between Greenland and Europe; westernmost European country; Reykjavik is the northernmost national capital in the world; more land covered by glaciers than in all of continental Europe"
}
},
"People and Society": {
"Population": {
"text": "360,872 (2023 est.)"
},
"Nationality": {
"noun": {
"text": "Icelander(s)"
},
"adjective": {
"text": "Icelandic"
}
},
"Ethnic groups": {
"text": "Icelandic 81.3%, Polish 5.6%, Danish 1%, other 12.1% (2021 est.)",
"note": "<strong>note</strong>: data represent population by country of birth"
},
"Languages": {
"text": "Icelandic, English, Nordic languages, German"
},
"Religions": {
"text": "Evangelical Lutheran Church of Iceland (official) 62.3%, Roman Catholic 4%, Independent Congregation of Reykjavik 2.7%, Independent Congregation of Hafnarfjordur 2%, pagan worship 1.4%, Icelandic Ethical Humanist Association 1.1%, other (includes Zuist and Pentecostal) or unspecified 19%, none 7.6% (2021 est.)"
},
"Age structure": {
"0-14 years": {
"text": "19.98% (male 36,771/female 35,314)"
},
"15-64 years": {
"text": "63.39% (male 115,547/female 113,212)"
},
"65 years and over": {
"text": "16.63% (2023 est.) (male 28,410/female 31,618)"
}
},
"Dependency ratios": {
"total dependency ratio": {
"text": "50.5"
},
"youth dependency ratio": {
"text": "28"
},
"elderly dependency ratio": {
"text": "22.5"
},
"potential support ratio": {
"text": "4.5 (2021 est.)"
}
},
"Median age": {
"total": {
"text": "37.1 years"
},
"male": {
"text": "36.6 years"
},
"female": {
"text": "37.7 years (2020 est.)"
}
},
"Population growth rate": {
"text": "0.89% (2023 est.)"
},
"Birth rate": {
"text": "12.8 births/1,000 population (2023 est.)"
},
"Death rate": {
"text": "6.57 deaths/1,000 population (2023 est.)"
},
"Net migration rate": {
"text": "2.69 migrant(s)/1,000 population (2023 est.)"
},
"Population distribution": {
"text": "Iceland is almost entirely urban with half of the population located in and around the capital of Reykjavik; smaller clusters are primarily found along the coast in the north and west"
},
"Urbanization": {
"urban population": {
"text": "94% of total population (2023)"
},
"rate of urbanization": {
"text": "0.74% annual rate of change (2020-25 est.)"
}
},
"Major urban areas - population": {
"text": "216,000 REYKJAVIK (capital) (2018)"
},
"Sex ratio": {
"at birth": {
"text": "1.05 male(s)/female"
},
"0-14 years": {
"text": "1.04 male(s)/female"
},
"15-64 years": {
"text": "1.02 male(s)/female"
},
"65 years and over": {
"text": "0.9 male(s)/female"
},
"total population": {
"text": "1 male(s)/female (2023 est.)"
}
},
"Mother's mean age at first birth": {
"text": "28.7 years (2020 est.)"
},
"Maternal mortality ratio": {
"text": "4 deaths/100,000 live births (2017 est.)"
},
"Infant mortality rate": {
"total": {
"text": "1.63 deaths/1,000 live births"
},
"male": {
"text": "1.82 deaths/1,000 live births"
},
"female": {
"text": "1.44 deaths/1,000 live births (2023 est.)"
}
},
"Life expectancy at birth": {
"total population": {
"text": "83.83 years"
},
"male": {
"text": "81.61 years"
},
"female": {
"text": "86.15 years (2023 est.)"
}
},
"Total fertility rate": {
"text": "1.95 children born/woman (2023 est.)"
},
"Gross reproduction rate": {
"text": "0.95 (2023 est.)"
},
"Contraceptive prevalence rate": {
"text": "NA"
},
"Drinking water source": {
"improved: urban": {
"text": "urban: 100% of population"
},
"improved: rural": {
"text": "rural: 100% of population"
},
"improved: total": {
"text": "total: 100% of population"
},
"unimproved: urban": {
"text": "urban: 0% of population"
},
"unimproved: rural": {
"text": "rural: 0% of population"
},
"unimproved: total": {
"text": "total: 0% of population (2020 est.)"
}
},
"Current health expenditure": {
"text": "9.6% of GDP (2020)"
},
"Physicians density": {
"text": "4.14 physicians/1,000 population (2019)"
},
"Hospital bed density": {
"text": "2.8 beds/1,000 population (2019)"
},
"Sanitation facility access": {
"improved: urban": {
"text": "urban: 100% of population"
},
"improved: rural": {
"text": "rural: 100% of population"
},
"improved: total": {
"text": "total: 100% of population"
},
"unimproved: urban": {
"text": "urban: 0% of population"
},
"unimproved: rural": {
"text": "rural: 0% of population"
},
"unimproved: total": {
"text": "total: 0% of population (2020 est.)"
}
},
"HIV/AIDS - adult prevalence rate": {
"text": "0.1% (2021)"
},
"Obesity - adult prevalence rate": {
"text": "21.9% (2016)"
},
"Alcohol consumption per capita": {
"total": {
"text": "7.72 liters of pure alcohol (2019 est.)"
},
"beer": {
"text": "4.39 liters of pure alcohol (2019 est.)"
},
"wine": {
"text": "2.11 liters of pure alcohol (2019 est.)"
},
"spirits": {
"text": "1.22 liters of pure alcohol (2019 est.)"
},
"other alcohols": {
"text": "0 liters of pure alcohol (2019 est.)"
}
},
"Tobacco use": {
"total": {
"text": "12% (2020 est.)"
},
"male": {
"text": "11.9% (2020 est.)"
},
"female": {
"text": "12% (2020 est.)"
}
},
"Children under the age of 5 years underweight": {
"text": "NA"
},
"Currently married women (ages 15-49)": {
"text": "45.1% (2023 est.)"
},
"Education expenditures": {
"text": "7.7% of GDP (2020 est.)"
},
"Literacy": {
"total population": {
"text": "NA"
},
"male": {
"text": "NA"
},
"female": {
"text": "NA"
}
},
"School life expectancy (primary to tertiary education)": {
"total": {
"text": "19 years"
},
"male": {
"text": "18 years"
},
"female": {
"text": "21 years (2020)"
}
},
"Youth unemployment rate (ages 15-24)": {
"total": {
"text": "13.4%"
},
"male": {
"text": "13%"
},
"female": {
"text": "13.7% (2021 est.)"
}
}
},
"Environment": {
"Environment - current issues": {
"text": "water pollution from fertilizer runoff"
},
"Environment - international agreements": {
"party to": {
"text": "Air Pollution, Air Pollution-Persistent Organic Pollutants, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Climate Change-Paris Agreement, Comprehensive Nuclear Test Ban, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping-London Convention, Marine Dumping-London Protocol, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling"
},
"signed, but not ratified": {
"text": "Air Pollution-Heavy Metals, Environmental Modification, Marine Life Conservation"
}
},
"Air pollutants": {
"particulate matter emissions": {
"text": "5.94 micrograms per cubic meter (2016 est.)"
},
"carbon dioxide emissions": {
"text": "2.06 megatons (2016 est.)"
},
"methane emissions": {
"text": "0.59 megatons (2020 est.)"
}
},
"Climate": {
"text": "temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers"
},
"Land use": {
"agricultural land": {
"text": "18.7% (2018 est.)"
},
"agricultural land: arable land": {
"text": "arable land: 1.2% (2018 est.)"
},
"agricultural land: permanent crops": {
"text": "permanent crops: 0% (2018 est.)"
},
"agricultural land: permanent pasture": {
"text": "permanent pasture: 17.5% (2018 est.)"
},
"forest": {
"text": "0.3% (2018 est.)"
},
"other": {
"text": "81% (2018 est.)"
}
},
"Urbanization": {
"urban population": {
"text": "94% of total population (2023)"
},
"rate of urbanization": {
"text": "0.74% annual rate of change (2020-25 est.)"
}
},
"Revenue from forest resources": {
"forest revenues": {
"text": "0% of GDP (2018 est.)"
}
},
"Revenue from coal": {
"coal revenues": {
"text": "0% of GDP (2018 est.)"
}
},
"Waste and recycling": {
"municipal solid waste generated annually": {
"text": "525,000 tons (2015 est.)"
},
"municipal solid waste recycled annually": {
"text": "293,003 tons (2013 est.)"
},
"percent of municipal solid waste recycled": {
"text": "55.8% (2013 est.)"
}
},
"Total water withdrawal": {
"municipal": {
"text": "80 million cubic meters (2017 est.)"
},
"industrial": {
"text": "198 million cubic meters (2017 est.)"
},
"agricultural": {
"text": "300,000 cubic meters (2017 est.)"
}
},
"Total renewable water resources": {
"text": "170 billion cubic meters (2019 est.)"
}
},
"Government": {
"Country name": {
"conventional long form": {
"text": "none"
},
"conventional short form": {
"text": "Iceland"
},
"local long form": {
"text": "none"
},
"local short form": {
"text": "Island"
},
"etymology": {
"text": "Floki VILGERDARSON, an early Norse explorer of the island (9th century), applied the name \"Land of Ice\" after spotting a fjord full of drift ice to the north and spending a bitter winter on the island; he eventually settled on the island, however, after he saw how it greened up in the summer and that it was, in fact, habitable"
}
},
"Government type": {
"text": "unitary parliamentary republic"
},
"Capital": {
"name": {
"text": "Reykjavik"
},
"geographic coordinates": {
"text": "64 09 N, 21 57 W"
},
"time difference": {
"text": "UTC 0 (5 hours ahead of Washington, DC, during Standard Time)"
},
"etymology": {
"text": "the name means \"smoky bay\" in Icelandic and refers to the steamy, smoke-like vapors discharged by hot springs in the area"
}
},
"Administrative divisions": {
"text": "64 municipalities (sveitarfelog, singular - sveitarfelagidh); Akranes, Akureyri, Arneshreppur, Asahreppur, Blaskogabyggdh, Bolungarvik, Borgarbyggdh, Dalabyggdh, Dalvikurbyggdh, Eyjafjardharsveit, Eyja-og Miklaholtshreppur, Fjallabyggdh, Fjardhabyggdh, Fljotsdalshreppur, Floahreppur, Gardhabaer, Grimsnes-og Grafningshreppur, Grindavikurbaer, Grundarfjardharbaer, Grytubakkahreppur, Hafnarfjordhur, Horgarsveit, Hrunamannahreppur, Hunathing Vestra, Hunabyggdh, Hvalfjardharsveit, Hveragerdhi, Isafjardharbaer, Kaldrananeshreppur, Kjosarhreppur, Kopavogur, Langanesbyggdh, Mosfellsbaer, Mulathing, Myrdalshreppur, Nordhurthing, Rangarthing Eystra, Rangarthing Ytra, Reykholahreppur, Reykjanesbaer, Reykjavik, Seltjarnarnes, Skaftarhreppur, Skagabyggdh, Skagafjordhur, Skeidha-og Gnupverjahreppur, Skorradalshreppur, Snaefellsbaer, Strandabyggdh, Stykkisholmur, Sudhavikurhreppur, Sudhurnesjabaer, Svalbardhsstrandarhreppur, Sveitarfelagidh Arborg, Sveitarfelagidh Hornafjordhur, Sveitarfelagidh Olfus, Sveitarfelagidh Skagastrond, Sveitarfelagidh Vogar, Talknafjardharhreppur, Thingeyjarsveit, Tjorneshreppur, Vestmannaeyjar, Vesturbyggdh, Vopnafjardharhreppur"
},
"Independence": {
"text": "1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark; birthday of Jon SIGURDSSON, leader of Iceland's 19th Century independence movement)"
},
"National holiday": {
"text": "Independence Day, 17 June (1944)"
},
"Constitution": {
"history": {
"text": "several previous; latest ratified 16 June 1944, effective 17 June 1944 (at independence)"
},
"amendments": {
"text": "proposed by the Althingi; passage requires approval by the Althingi and by the next elected Althingi, and confirmation by the president of the republic; proposed amendments to Article 62 of the constitution &ndash; that the Evangelical Lutheran Church shall be the state church of Iceland &ndash; also require passage by referendum; amended many times, last in 2013"
}
},
"Legal system": {
"text": "civil law system influenced by the Danish model"
},
"International law organization participation": {
"text": "has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction"
},
"Citizenship": {
"citizenship by birth": {
"text": "no"
},
"citizenship by descent only": {
"text": "at least one parent must be a citizen of Iceland"
},
"dual citizenship recognized": {
"text": "yes"
},
"residency requirement for naturalization": {
"text": "3 to 7 years"
}
},
"Suffrage": {
"text": "18 years of age; universal"
},
"Executive branch": {
"chief of state": {
"text": "President Gudni Thorlacius JOHANNESSON (since 1 August 2016)"
},
"head of government": {
"text": "Prime Minister Katrin JAKOBSDOTTIR (since 30 November 2017)"
},
"cabinet": {
"text": "Cabinet appointed by the president upon the recommendation of the prime minister"
},
"elections/appointments": {
"text": "president directly elected by simple majority popular vote for a 4-year term (no term limits); election last held on 27 June 2020 (next to be held in 2024); following legislative elections, the leader of the majority party or majority coalition becomes prime minister"
},
"election results": {
"text": "<em>2020: </em>Gudni Thorlacius JOHANNESSON reelected president; percent of vote - Gudni Thorlacius JOHANNESSON (independent) 92.2%, Gudmundur Franklin JONSSON (independent) 7.8%<br><br><em>2016: </em>Gudni Thorlacius JOHANNESSON elected president; Gudni Thorlacius JOHANNESSON (independent) 39.1%, Halla TOMASDOTTIR (independent) 27.9%, Andri Snær  MAGNASON (Democracy Movement) 14.3%, Davíd ODDSSON (independent) 13.7%, other 5%"
}
},
"Legislative branch": {
"description": {
"text": "unicameral Althingi or Parliament (63 seats; members directly elected in multi-seat constituencies by closed-list proportional representation vote using the D'Hondt method; members serve 4-year terms)"
},
"elections": {
"text": "last held on 25 September 2021 (next to be held in 2025)"
},
"election results": {
"text": "<p>percent of vote by party - IP 25.4%, PP 20.6%, LGM 12.7%, SDA 9.5%, People's Party 9.5%, Pirate Party 9.5%, Reform Party 7.9%. CP 4.8%; seats by party - IP 16, PP 13, LGM 8, SDA 6, People's Party 6, Pirate Party 6, Reform Party 5, CP 3; composition - men 33, women 30; percent of women 47.6%</p>"
}
},
"Judicial branch": {
"highest court(s)": {
"text": "Supreme Court or Haestirettur (consists of 9 judges)"
},
"judge selection and term of office": {
"text": "judges proposed by Ministry of Interior selection committee and appointed by the president; judges appointed for an indefinite period"
},
"subordinate courts": {
"text": "Appellate Court or Landsrettur; 8 district courts; Labor Court"
}
},
"Political parties and leaders": {
"text": "<p>Centrist Party (Midflokkurinn) or CP [Sigmundur David GUNNLAUGSSON] <br>Independence Party (Sjalfstaedisflokkurinn) or IP [Bjarni BENEDIKTSSON]  <br>Left-Green Movement (Vinstrihreyfingin-graent frambod) or LGM [Katrin JAKOBSDOTTIR] <br>People's Party (Flokkur Folksins) [Inga SAELAND] <br>Pirate Party (Piratar) [Halldora MOGENSEN] <br>Progressive Party (Framsoknarflokkurinn) or PP [Sigurdur Ingi JOHANNSSON]<br>Reform Party (Vidreisn) [Thorgerdur Katrin GUNNARSDOTTIR] <br>Social Democratic Alliance (Samfylkingin) or SDA [Logi Mar EINARSSON]</p>"
},
"International organization participation": {
"text": "Arctic Council, Australia Group, BIS, CBSS, CD, CE, EAPC, EBRD, EFTA, FAO, FATF, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, NATO, NC, NEA, NIB, NSG, OAS (observer), OECD, OPCW, OSCE, PCA, Schengen Convention, UN, UNCTAD, UNESCO, UPU, WCO, WHO, WIPO, WMO, WTO"
},
"Diplomatic representation in the US": {
"chief of mission": {
"text": "Ambassador Bergdis ELLERTSDOTTIR (since 16 September 2019)"
},
"chancery": {
"text": "House of Sweden, 2900 K Street NW, #509, Washington, DC 20007"
},
"telephone": {
"text": "[1] (202) 265-6653"
},
"FAX": {
"text": "[1] (202) 265-6656"
},
"email address and website": {
"text": "<br>washington@mfa.is<br><br>https://www.government.is/diplomatic-missions/embassy-of-iceland-in-washington-d.c/"
},
"consulate(s) general": {
"text": "New York"
}
},
"Diplomatic representation from the US": {
"chief of mission": {
"text": "Ambassador Carrin F. PATMAN (since 6 October 2022)"
},
"embassy": {
"text": "Engjateigur 7, 105 Reykjavik"
},
"mailing address": {
"text": "5640 Reykjavik Place, Washington, D.C. 20521-5640"
},
"telephone": {
"text": "[354] 595-2200"
},
"FAX": {
"text": "[354] 562-9118"
},
"email address and website": {
"text": "<br>ReykjavikConsular@state.gov<br><br>https://is.usembassy.gov/"
}
},
"Flag description": {
"text": "blue with a red cross outlined in white extending 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); the colors represent three of the elements that make up the island: red is for the island's volcanic fires, white recalls the snow and ice fields of the island, and blue is for the surrounding ocean"
},
"National symbol(s)": {
"text": "gyrfalcon; national colors: blue, white, red"
},
"National anthem": {
"name": {
"text": "\"Lofsongur\" (Song of Praise)"
},
"lyrics/music": {
"text": "Matthias JOCHUMSSON/Sveinbjorn SVEINBJORNSSON"
},
"note": "<strong>note:</strong> adopted 1944; also known as \"O, Gud vors lands\" (O, God of Our Land), the anthem was originally written and performed in 1874"
},
"National heritage": {
"total World Heritage Sites": {
"text": "3 (1 cultural, 2 natural)"
},
"selected World Heritage Site locales": {
"text": "Thingvellir National Park (c); Surtsey (n); Vatnajökull National Park - Dynamic Nature of Fire and Ice (n)"
}
}
},
"Economy": {
"Economic overview": {
"text": "high-income European economy; frozen EU accession application but Schengen Area member; tourism industry, which helped rebound the economy after 2008 collapse, hit hard by COVID-19; major fishing industry; complex regulatory environment"
},
"Real GDP (purchasing power parity)": {
"Real GDP (purchasing power parity) 2021": {
"text": "$19.962 billion (2021 est.)"
},
"Real GDP (purchasing power parity) 2020": {
"text": "$19.12 billion (2020 est.)"
},
"Real GDP (purchasing power parity) 2019": {
"text": "$20.524 billion (2019 est.)"
},
"note": "<strong>note:</strong> data are in 2017 dollars"
},
"Real GDP growth rate": {
"Real GDP growth rate 2021": {
"text": "4.4% (2021 est.)"
},
"Real GDP growth rate 2020": {
"text": "-6.84% (2020 est.)"
},
"Real GDP growth rate 2019": {
"text": "2.42% (2019 est.)"
}
},
"Real GDP per capita": {
"Real GDP per capita 2021": {
"text": "$53,600 (2021 est.)"
},
"Real GDP per capita 2020": {
"text": "$52,200 (2020 est.)"
},
"Real GDP per capita 2019": {
"text": "$56,900 (2019 est.)"
},
"note": "<strong>note:</strong> data are in 2017 dollars"
},
"GDP (official exchange rate)": {
"text": "$24.614 billion (2019 est.)"
},
"Inflation rate (consumer prices)": {
"Inflation rate (consumer prices) 2021": {
"text": "4.44% (2021 est.)"
},
"Inflation rate (consumer prices) 2020": {
"text": "2.85% (2020 est.)"
},
"Inflation rate (consumer prices) 2019": {
"text": "3.01% (2019 est.)"
}
},
"Credit ratings": {
"Fitch rating": {
"text": "A (2017)"
},
"Moody's rating": {
"text": "A2 (2019)"
},
"Standard & Poors rating": {
"text": "A (2017)"
},
"note": "<strong>note: </strong>The year refers to the year in which the current credit rating was first obtained."
},
"GDP - composition, by sector of origin": {
"agriculture": {
"text": "5.8% (2017 est.)"
},
"industry": {
"text": "19.7% (2017 est.)"
},
"services": {
"text": "74.6% (2017 est.)"
}
},
"GDP - composition, by end use": {
"household consumption": {
"text": "50.4% (2017 est.)"
},
"government consumption": {
"text": "23.3% (2017 est.)"
},
"investment in fixed capital": {
"text": "22.1% (2017 est.)"
},
"investment in inventories": {
"text": "0% (2017 est.)"
},
"exports of goods and services": {
"text": "47% (2017 est.)"
},
"imports of goods and services": {
"text": "-42.8% (2017 est.)"
}
},
"Agricultural products": {
"text": "milk, mutton, poultry, potatoes, barley, pork, eggs, beef, other meat, sheep skins"
},
"Industries": {
"text": "tourism, fish processing; aluminum smelting; geothermal power, hydropower; medical/pharmaceutical products"
},
"Industrial production growth rate": {
"text": "5.65% (2021 est.)"
},
"Labor force": {
"text": "200,300 (2021 est.)"
},
"Labor force - by occupation": {
"agriculture": {
"text": "4.8%"
},
"industry": {
"text": "22.2%"
},
"services": {
"text": "73% (2008)"
}
},
"Unemployment rate": {
"Unemployment rate 2021": {
"text": "5.4% (2021 est.)"
},
"Unemployment rate 2020": {
"text": "5.48% (2020 est.)"
},
"Unemployment rate 2019": {
"text": "3.51% (2019 est.)"
}
},
"Youth unemployment rate (ages 15-24)": {
"total": {
"text": "13.4%"
},
"male": {
"text": "13%"
},
"female": {
"text": "13.7% (2021 est.)"
}
},
"Population below poverty line": {
"text": "8.8% (2017 est.)"
},
"Gini Index coefficient - distribution of family income": {
"Gini Index coefficient - distribution of family income 2017": {
"text": "26.1 (2017 est.)"
}
},
"Household income or consumption by percentage share": {
"lowest 10%": {
"text": "NA"
},
"highest 10%": {
"text": "NA"
}
},
"Budget": {
"revenues": {
"text": "$10.39 billion (2017 est.)"
},
"expenditures": {
"text": "$10.02 billion (2017 est.)"
}
},
"Budget surplus (+) or deficit (-)": {
"text": "1.5% (of GDP) (2017 est.)"
},
"Public debt": {
"Public debt 2020": {
"text": "100.02% of GDP (2020 est.)"
},
"Public debt 2019": {
"text": "89.59% of GDP (2019 est.)"
},
"Public debt 2018": {
"text": "81.95% of GDP (2018 est.)"
}
},
"Taxes and other revenues": {
"text": "22.33% (of GDP) (2020 est.)"
},
"Fiscal year": {
"text": "calendar year"
},
"Current account balance": {
"Current account balance 2021": {
"text": "-$409.262 million (2021 est.)"
},
"Current account balance 2020": {
"text": "$407.806 million (2020 est.)"
},
"Current account balance 2019": {
"text": "$1.612 billion (2019 est.)"
}
},
"Exports": {
"Exports 2021": {
"text": "$9.775 billion (2021 est.) note: data are in current year dollars"
},
"Exports 2020": {
"text": "$7.501 billion (2020 est.) note: data are in current year dollars"
},
"Exports 2019": {
"text": "$11.005 billion (2019 est.) note: data are in current year dollars"
}
},
"Exports - partners": {
"text": "Netherlands 23%, United Kingdom 9%, Germany 9%, Spain 8%, United States 7%, France 7%, Canada 5% (2019)"
},
"Exports - commodities": {
"text": "aluminum and aluminum products, fish products, aircraft, iron alloys, animal meal (2019)"
},
"Imports": {
"Imports 2021": {
"text": "$10.234 billion (2021 est.) note: data are in current year dollars"
},
"Imports 2020": {
"text": "$7.616 billion (2020 est.) note: data are in current year dollars"
},
"Imports 2019": {
"text": "$9.891 billion (2019 est.) note: data are in current year dollars"
}
},
"Imports - partners": {
"text": "Norway 11%, Netherlands 10%, Germany 8%, Denmark 8%, United States 7%, United Kingdom 6%, China 6%, Sweden 5% (2019)"
},
"Imports - commodities": {
"text": "refined petroleum, aluminum oxide, carbon/graphite electronics, cars, packaged medicines (2019)"
},
"Reserves of foreign exchange and gold": {
"Reserves of foreign exchange and gold 31 December 2021": {
"text": "$7.079 billion (31 December 2021 est.)"
},
"Reserves of foreign exchange and gold 31 December 2020": {
"text": "$6.419 billion (31 December 2020 est.)"
},
"Reserves of foreign exchange and gold 31 December 2019": {
"text": "$6.782 billion (31 December 2019 est.)"
}
},
"Debt - external": {
"Debt - external 2019": {
"text": "$19.422 billion (2019 est.)"
},
"Debt - external 2018": {
"text": "$22.055 billion (2018 est.)"
}
},
"Exchange rates": {
"Currency": {
"text": "Icelandic kronur (ISK) per US dollar -"
},
"Exchange rates 2021": {
"text": "126.989 (2021 est.)"
},
"Exchange rates 2020": {
"text": "135.422 (2020 est.)"
},
"Exchange rates 2019": {
"text": "122.607 (2019 est.)"
},
"Exchange rates 2018": {
"text": "108.3 (2018 est.)"
},
"Exchange rates 2017": {
"text": "106.84 (2017 est.)"
}
}
},
"Energy": {
"Electricity access": {
"electrification - total population": {
"text": "100% (2020)"
}
},
"Electricity": {
"installed generating capacity": {
"text": "2.967 million kW (2020 est.)"
},
"consumption": {
"text": "17,912,066,000 kWh (2020 est.)"
},
"exports": {
"text": "0 kWh (2020 est.)"
},
"imports": {
"text": "0 kWh (2020 est.)"
},
"transmission/distribution losses": {
"text": "519 million kWh (2020 est.)"
}
},
"Electricity generation sources": {
"fossil fuels": {
"text": "0% of total installed capacity (2020 est.)"
},
"nuclear": {
"text": "0% of total installed capacity (2020 est.)"
},
"solar": {
"text": "0% of total installed capacity (2020 est.)"
},
"wind": {
"text": "0% of total installed capacity (2020 est.)"
},
"hydroelectricity": {
"text": "67.6% of total installed capacity (2020 est.)"
},
"tide and wave": {
"text": "0% of total installed capacity (2020 est.)"
},
"geothermal": {
"text": "32.3% of total installed capacity (2020 est.)"
},
"biomass and waste": {
"text": "0% of total installed capacity (2020 est.)"
}
},
"Coal": {
"production": {
"text": "0 metric tons (2020 est.)"
},
"consumption": {
"text": "142,000 metric tons (2020 est.)"
},
"exports": {
"text": "0 metric tons (2020 est.)"
},
"imports": {
"text": "136,000 metric tons (2020 est.)"
},
"proven reserves": {
"text": "0 metric tons (2019 est.)"
}
},
"Petroleum": {
"total petroleum production": {
"text": "0 bbl/day (2021 est.)"
},
"refined petroleum consumption": {
"text": "19,700 bbl/day (2019 est.)"
},
"crude oil and lease condensate exports": {
"text": "0 bbl/day (2018 est.)"
},
"crude oil and lease condensate imports": {
"text": "0 bbl/day (2018 est.)"
},
"crude oil estimated reserves": {
"text": "0 barrels (2021 est.)"
}
},
"Refined petroleum products - production": {
"text": "0 bbl/day (2017 est.)"
},
"Refined petroleum products - exports": {
"text": "2,530 bbl/day (2017 est.)"
},
"Refined petroleum products - imports": {
"text": "20,220 bbl/day (2017 est.)"
},
"Natural gas": {
"production": {
"text": "0 cubic meters (2021 est.)"
},
"consumption": {
"text": "0 cubic meters (2021 est.)"
},
"exports": {
"text": "0 cubic meters (2021 est.)"
},
"imports": {
"text": "0 cubic meters (2021 est.)"
},
"proven reserves": {
"text": "0 cubic meters (2021 est.)"
}
},
"Carbon dioxide emissions": {
"total emissions": {
"text": "3.337 million metric tonnes of CO2 (2019 est.)"
},
"from coal and metallurgical coke": {
"text": "459,000 metric tonnes of CO2 (2019 est.)"
},
"from petroleum and other liquids": {
"text": "2.879 million metric tonnes of CO2 (2019 est.)"
},
"from consumed natural gas": {
"text": "0 metric tonnes of CO2 (2019 est.)"
}
}
},
"Communications": {
"Telephones - fixed lines": {
"total subscriptions": {
"text": "107,032 (2020 est.)"
},
"subscriptions per 100 inhabitants": {
"text": "31 (2020 est.)"
}
},
"Telephones - mobile cellular": {
"total subscriptions": {
"text": "421,384 (2020 est.)"
},
"subscriptions per 100 inhabitants": {
"text": "123 (2020 est.)"
}
},
"Telecommunication systems": {
"general assessment": {
"text": "Iceland has one of the smallest yet most progressive telecom markets in Europe; the country in 2020 became the top in Europe for fiber penetration; it aims to provide a fixed broadband service of at least 100Mb/s to 99.9% of the population by the end of 2021, an ambitious target by international standards and one which it is likely to achieve given the progress which operators have made in extending the reach of fiber networks; there is effective competition in the mobile and broadband markets, with a number of players having emerged to challenge the dominance of the two leading operators which have interests across the telecom sectors; the telecom market has shown some resilience in recent years following the significant economic downturn a decade ago, supported by continuing investment in mobile and fixed-line broadband infrastructure by operators and well as by the government&rsquo;s Telecommunications Fund which is supporting Next Generation Access networks, particularly in rural areas (2022)"
},
"domestic": {
"text": "31 per 100 for fixed line and nearing 123 per 100 for mobile-cellular subscriptions (2020)"
},
"international": {
"text": "country code - 354; landing points for the CANTAT-3, FARICE-1, Greenland Connect and DANICE&nbsp;submarine cable system that provides connectivity to Canada, the Faroe Islands, Greenland, UK, Denmark, and Germany;&nbsp;satellite earth stations - 2 Intelsat (Atlantic Ocean), 1 Inmarsat (Atlantic and Indian Ocean regions); note - Iceland shares the Inmarsat earth station with the other Nordic countries (Denmark, Finland, Norway, and Sweden) (2019)"
},
"note": "<strong>note:</strong> the COVID-19 pandemic continues to have a significant impact on production and supply chains globally; since 2020, some aspects of the telecom sector have experienced a downturn, particularly in mobile device production; progress toward 5G implementation has resumed, as well as upgrades to infrastructure; consumer spending on telecom services has increased due to the surge in demand for capacity and bandwidth; the crucial nature of telecom services as a tool for work and school from home is still evident, and the spike in this area has seen growth opportunities for development of new tools and increased services"
},
"Broadcast media": {
"text": "state-owned public TV broadcaster (RUV) operates 21 TV channels nationally (RUV and RUV 2, though RUV 2 is used less frequently);  RUV broadcasts nationally, every household in Iceland is required to have RUV as it doubles as the emergency broadcast network; RUV also operates stringer offices in the north (Akureyri) and the east (Egilsstadir) but operations are all run out of RUV headquarters in Reykjavik;  there are 3 privately owned TV stations;  Stod 2 (Channel 2) is owned by Syn, following 365 Media and Vodafone merger, and is headquartered in Reykjavik;  Syn also operates 4 sports channels under Stod 2;  N4 is the only television station headquartered outside of Reykjavik, in Akureyri, with local programming for the north, south, and east of Iceland;  Hringbraut is the newest station and is headquartered in Reykjavik;  all of these television stations have nationwide penetration as 100% of households have multi-channel services though digital and/or fiber-optic connections <p>RUV operates 3 radio stations (RAS 1, RAS2, and Rondo) as well as 4 regional stations (but they mostly act as range extenders for RUV radio broadcasts nationwide); there is 1 privately owned radio conglomerate, Syn (4 stations), that broadcasts nationwide, and 3 other radio stations that broadcast to the most densely populated regions of the country.  In addition, there are upwards of 20 radio stations that operate regionally</p> (2019)"
},
"Internet country code": {
"text": ".is"
},
"Internet users": {
"total": {
"text": "362,798 (2020 est.)"
},
"percent of population": {
"text": "99% (2020 est.)"
}
},
"Broadband - fixed subscriptions": {
"total": {
"text": "141,816 (2020 est.)"
},
"subscriptions per 100 inhabitants": {
"text": "42 (2020 est.)"
}
}
},
"Transportation": {
"National air transport system": {
"number of registered air carriers": {
"text": "6 (2020)"
},
"inventory of registered aircraft operated by air carriers": {
"text": "63"
},
"annual passenger traffic on registered air carriers": {
"text": "7,819,740 (2018)"
},
"annual freight traffic on registered air carriers": {
"text": "163.65 million (2018) mt-km"
}
},
"Civil aircraft registration country code prefix": {
"text": "TF"
},
"Airports": {
"total": {
"text": "96 (2021)"
}
},
"Airports - with paved runways": {
"total": {
"text": "7"
},
"over 3,047 m": {
"text": "1"
},
"1,524 to 2,437 m": {
"text": "3"
},
"914 to 1,523 m": {
"text": "3 (2021)"
}
},
"Airports - with unpaved runways": {
"total": {
"text": "89"
},
"1,524 to 2,437 m": {
"text": "3"
},
"914 to 1,523 m": {
"text": "26"
},
"under 914 m": {
"text": "60 (2021)"
}
},
"Roadways": {
"total": {
"text": "12,898 km (2012)"
},
"paved/oiled gravel": {
"text": "5,647 km (2012) (excludes urban roads)"
},
"unpaved": {
"text": "7,251 km (2012)"
}
},
"Merchant marine": {
"total": {
"text": "41"
},
"by type": {
"text": "general cargo 5, oil tanker 2, other 34 (2021)"
}
},
"Ports and terminals": {
"major seaport(s)": {
"text": "Grundartangi, Hafnarfjordur, Reykjavik"
}
}
},
"Military and Security": {
"Military and security forces": {
"text": "no regular military forces; Ministry of Interior: Icelandic Coast Guard (includes both air and maritime elements); Icelandic National Police (2022)"
},
"Military and security service personnel strengths": {
"text": "the Icelandic Coast Guard has approximately 250 personnel (2022)"
},
"Military equipment inventories and acquisitions": {
"text": "the Icelandic Coast Guard's inventory consists of equipment from mostly European suppliers (2022)"
},
"Military - note": {
"text": "Iceland was one of the original 12 countries to sign the North Atlantic Treaty (also known as the Washington Treaty) in 1949; Iceland is the only NATO member that has no standing military force; defense of Iceland remains a NATO commitment and NATO maintains an air policing presence in Icelandic airspace; Iceland participates in international peacekeeping missions with the civilian-manned Icelandic Crisis Response Unit (ICRU)<br><br>Iceland cooperates with the militaries of other Nordic countries through the Nordic Defense Cooperation (NORDEFCO), which consists of Denmark, Finland, Iceland, Norway, and Sweden; areas of cooperation include armaments, education, human resources, training and exercises, and operations; NORDEFCO was established in 2009<br><br>in 1951, Iceland and the US concluded an agreement to make arrangements regarding the defense of Iceland and for the use of facilities in Iceland to that end; the agreement, along with NATO membership, is one of the two pillars of Icelands security policy; since 2007 Iceland has concluded cooperation agreements with Canada, Denmark, Norway, and the UK; it also has regular consultations with Germany and France on security and defense (2022)"
}
},
"Transnational Issues": {
"Disputes - international": {
"text": "<p>Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm; the European Free Trade Association Surveillance Authority filed a suit against Iceland, claiming the country violated the Agreement on the European Economic Area in failing to pay minimum compensation to Icesave depositors</p>"
},
"Refugees and internally displaced persons": {
"stateless persons": {
"text": "68 (2022)"
}
}
}
}