Nationality:
noun: Icelander(s)
adjective: Icelandic
Ethnic groups:
homogeneous mixture of descendants of Norse and Celts 94%,
population of foreign origin 6%
Religions:
Evangelical Lutheran 87.1%, other Protestant 4.1%, Roman Catholic
1.7%, other 7.1% (2002)
Languages:
Icelandic, English, Nordic languages, German widely spoken
Literacy:
definition: age 15 and over can read and write
total population: 99.9% (1997 est.)
male: NA
female: NA
Government Iceland
Country name:
conventional long form: Republic of Iceland
conventional short form: Iceland
local short form: Island
local long form: Lydhveldidh Island
Government type:
constitutional republic
Capital:
Reykjavik
Administrative divisions:
8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra,
Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland
Independence:
1 December 1918 (became a sovereign state under the Danish Crown);
17 June 1944 (from Denmark)
National holiday:
Independence Day, 17 June (1944)
Constitution:
16 June 1944, effective 17 June 1944
Legal system:
civil law system based on Danish law; has not accepted compulsory
ICJ jurisdiction
Suffrage:
18 years of age; universal
Executive branch:
chief of state: President Olafur Ragnar GRIMSSON (since 1 August
1996)
head of government: Prime Minister Halldor ASGRIMSSON (since 15
September 2004); note - Former Prime Minister David ODDSSON switched
positions with former Foreign Minister Halldor ASGRIMMSON
cabinet: Cabinet appointed by the prime minister and approved by
Parliament
elections: president, which is largely a ceremonial post, elected by
popular vote for a four-year term; election last held 26 June 2004
(next to be held June 2008); prime minister appointed by the
president
election results: Olafur Ragnar GRIMSSON wins with 85.6% of the
vote, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9%
Legislative branch:
unicameral Parliament or Althing (63 seats; members are elected by
popular vote to serve four-year terms)
elections: last held 10 May 2003 (next to be held by May 2007)
election results: percent of vote by party - Independence Party
33.7%, Social Democratic Alliance 31.0%, Progressive Party 17.7%,
Left-Green Alliance 8.8%, Liberal Party 7.4%; seats by party -
Independence Party 22, Social Democratic Alliance 20, Progressive
Party 12, Left-Green Alliance 5, Liberal Party 4
Judicial branch:
Supreme Court or Haestirettur (justices are appointed for life by
the Minister of Justice); eight district courts (justices are
appointed for life by the Minister of Justice)
Political parties and leaders:
Independence Party or IP [David ODDSSON]; Left-Green Alliance or
LGP [Steingrimur SIGFUSSON]; Liberal Party or LP [Gudjon
KRISTJANSSON]; Progressive Party or PP [Halldor ASGRIMSSON]; Social
Democratic Alliance (includes People's Alliance or PA, Social
Democratic Party or SDP, Women's List) or SDA [Ossur SKARPHEDINSSON]
Political pressure groups and leaders:
NA
International organization participation:
Australia Group, BIS, CBSS, CE, EAPC, EBRD, EFTA, FAO, IAEA, IBRD,
ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF,
IMO, Interpol, IOC, ISO, ITU, MIGA, NATO, NC, NEA, NIB, OECD, OPCW,
OSCE, PCA, UN, UNCTAD, UNESCO, UPU, WCO, WEU (associate), WHO, WIPO,
WMO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Helgi AGUSTSSON
consulate(s) general: New York
FAX: [1] (202) 265–6656
telephone: [1] (202) 265–6653
chancery: Suite 1200, 1156 15th Street NW, Washington, DC 20005–1704
Diplomatic representation from the US:
chief of mission: Ambassador James I. GADSDEN
embassy: Laufasvegur 21, 101 Reykjavik
mailing address: US Embassy, PSC 1003, Box 40, FPO AE 09728–0340
telephone: [354] 562–9100
FAX: [354] 562–9118
Flag description:
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)
Economy Iceland
Economy - overview:
Iceland's Scandinavian-type economy is basically capitalistic, yet
with an extensive welfare system (including generous housing
subsidies), low unemployment, and remarkably even distribution of
income. In the absence of other natural resources (except for
abundant geothermal power), the economy depends heavily on the
fishing industry, which provides 70% of export earnings and employs
12% of the work force. The economy remains sensitive to declining
fish stocks as well as to fluctuations in world prices for its main
exports: fish and fish products, aluminum, and ferrosilicon.
Government policies include 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