Iceland
unitary parliamentary republic
Iceland as the 2025 edition of the CIA World Factbook published it: 135 fields, one of 36 editions from 1990 to 2025.
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Introduction
1 fieldBackground
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, which was 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 the global financial crisis hit Iceland especially hard in the years after 2008. The economy is now on an upward trajectory, primarily thanks to a tourism and construction boom. Literacy, longevity, and social cohesion are first-rate by world standards.
Geography
Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the United Kingdom
17 fieldsLand useshare of 103,000 sq km
Location
Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the United Kingdom
Terrain
mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords
Elevation
- highest point:
- Hvannadalshnukur (at Vatnajokull Glacier) 2,110 m
- lowest point:
- Atlantic Ocean 0 m
- mean elevation:
- 557 m
Population distribution
- 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
earthquakes and volcanic activity
- volcanism:
- Iceland is situated on top of a hotspot and 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;
- Grimsvoetn and Hekla are Iceland's most active volcanoes;
- other historically active volcanoes include
Geography - note
- 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
33 fieldsAge structuremale left, female right · (2024 est.)
Per 1,000 population(2025 est.)
Male · female(2022 est.)
Ethnic groups(2024 est.)
Religions
Evangelical Lutheran Church of Iceland (official) 58.6% Roman Catholic 3.8%, Independent Congregation of Reykjavik 2.6%, Independent Congregation of Hafnarfjordur 1.9%, pagan worship 1.5%, Icelandic Ethical Humanist Association 1.4%, other (includes Zuist and Pentecostal) or unspecified 18.7%, none 7.7% (2024 est.)
Population distribution
- 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
Sex ratio
- at birth:
- 1.05 male(s)/female
- 0-14 years:
- 1.04 male(s)/female
- 15-64 years:
- 1.02 male(s)/female
- 65 years and over:
- 0.9 male(s)/female
- total population:
- 1 male(s)/female (2024 est.)
Infant mortality rate
- total:
- 1.6 deaths/1,000 live births (2025 est.)
- male:
- 1.8 deaths/1,000 live births
- female:
- 1.4 deaths/1,000 live births
Alcohol consumption per capita
- total:
- 7.72 liters of pure alcohol (2019 est.)
- beer:
- 4.39 liters of pure alcohol (2019 est.)
- wine:
- 2.11 liters of pure alcohol (2019 est.)
- spirits:
- 1.22 liters of pure alcohol (2019 est.)
- other alcohols:
- 0 liters of pure alcohol (2019 est.)
Environment
11 fieldsLand use(2023 est.)
International environmental agreements
- party to:
- 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:
- Air Pollution-Heavy Metals, Environmental Modification, Marine Life Conservation
Urbanization
- urban population:
- 94% of total population (2023)
- rate of urbanization:
- 0.74% annual rate of change (2020-25 est.)
Carbon dioxide emissions
3.101 million metric tonnes of CO2 (2023 est.)
- from coal and metallurgical coke:
- 376,000 metric tonnes of CO2 (2023 est.)
- from petroleum and other liquids:
- 2.725 million metric tonnes of CO2 (2023 est.)
Waste and recycling
- municipal solid waste generated annually:
- 225,300 tons (2024 est.)
- percent of municipal solid waste recycled:
- 55.5% (2022 est.)
Total water withdrawal
- municipal:
- 80 million cubic meters (2022 est.)
- industrial:
- 198 million cubic meters (2022 est.)
- agricultural:
- 300,000 cubic meters (2022 est.)
Geoparks
- total global geoparks and regional networks:
- 2
- global geoparks and regional networks:
- Katla; Reykjanes (2023)
Government
Unitary parliamentary republic; President Halla TOMASDOTTIR (since 1 August 2024); Prime Minister Kristrun FROSTADOTTIR (since 21 December 2024)
24 fieldsPresidential electionpercent of vote
Country name
- conventional long form:
- none
- conventional short form:
- Iceland
- local long form:
- none
- local short form:
- Island
- etymology:
- Floki VILGERDARSON, an early Norse explorer of the island in the 10th century, applied the name "Land of Ice," from the local words ís (ice) and land (land)
Capital
- name:
- Reykjavik
- geographic coordinates:
- 64 09 N, 21 57 W
- time difference:
- UTC 0 (5 hours ahead of Washington, DC, during Standard Time)
- etymology:
- the name means "smoky bay" in Icelandic and refers to the steam from the hot springs in the area
Administrative divisions
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
Constitution
- history:
- several previous; latest ratified 16 June 1944, effective 17 June 1944 (at independence)
- amendment process:
- 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 – that the Evangelical Lutheran Church shall be the state church of Iceland – also require passage by referendum
International law organization participation
has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction
Citizenship
- citizenship by birth:
- no
- citizenship by descent only:
- at least one parent must be a citizen of Iceland
- dual citizenship recognized:
- yes
- residency requirement for naturalization:
- 3 to 7 years
Executive branch
- chief of state:
- President Halla TOMASDOTTIR (since 1 August 2024)
- head of government:
- Prime Minister Kristrun FROSTADOTTIR (since 21 December 2024)
- cabinet:
- Cabinet appointed by the president upon the recommendation of the prime minister
- election/appointment process:
- president directly elected by simple-majority popular vote for a 4-year term (no term limits);
- following legislative elections, the leader of the majority party or majority coalition becomes prime minister
- most recent election date:
- 1 June 2024
- election results:
- ;
- 2024: Halla TOMASDOTTIR elected president;
- percent of vote - Halla TOMASDOTTIR (independent) 34.1%, Katrin JAKOBSDOTTIR (Left-Green Movement) 25.2%, Halla Hrund LOGADOTTIR (independent) 15.7%, Jon GNARR (Social Democratic Alliance) 10.1%, Baldur PORHALLSSON (independent) 8.4%, other 6.5%
- 2020: Gudni Thorlacius JOHANNESSON reelected president;
- percent of vote - Gudni Thorlacius JOHANNESSON (independent) 92.2%, Gudmundur Franklin JONSSON (independent) 7.8%
- expected date of next election:
- June 2028
Legislative branch
- legislature name:
- Parliament (Althingi)
- legislative structure:
- unicameral
- number of seats:
- 63 (all directly elected)
- electoral system:
- proportional representation
- scope of elections:
- full renewal
- term in office:
- 4 years
- most recent election date:
- 11/30/2024
- parties elected and seats per party:
- Social Democratic Alliance (SDA) (15);
- Independence Party (IP) (14);
- Liberal Reform Party (11);
- People’s Party (10);
- Center Party (8);
- Progressive Party (PP) (5)
- percentage of women in chamber:
- 46%
- expected date of next election:
- November 2028
Judicial branch
- highest court(s):
- Supreme Court or Haestirettur (consists of 7 judges)
- judge selection and term of office:
- judges proposed by Ministry of Interior selection committee and appointed by the president for an indefinite period
- subordinate courts:
- Appellate Court or Landsrettur;
- 8 district courts;
- Labor Court
Political parties
- Center Party or M
- Independence Party or D
- Liberal Reform Party or C
- People's Party or F
- Progressive Party or B
- Social Democratic Alliance or S
Diplomatic representation in the US
- chief of mission:
- Ambassador Svanhildur Hólm VALSDÓTTIR (since 18 September 2024)
- chancery:
- House of Sweden, 2900 K Street NW, #509, Washington, DC 20007
- telephone:
- [1] (202) 265-6653
- FAX:
- [1] (202) 265-6656
- email address and website:
- [email protected]; https://www.government.is/diplomatic-missions/embassy-of-iceland-in-washington-d.c/
Diplomatic representation from the US
- chief of mission:
- Ambassador (vacant); Chargé d’Affaires Erin SAWYER (since January 2025)
- embassy:
- Engjateigur 7, 105 Reykjavik
- mailing address:
- 5640 Reykjavik Place, Washington, D.C. 20521-5640
- telephone:
- [354] 595-2200
- FAX:
- [354] 562-9118
- email address and website:
- [email protected]; https://is.usembassy.gov/
International organization participation
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
Independence
- 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)
Flag
- description:
- blue with a red cross outlined in white extending to the edges of the flag; the cross is shifted to the left in the style of the Dannebrog (Danish flag)
- meaning:
- red stands for the island's volcanic fires, white for the snow and ice fields, and blue for the ocean
National coat of arms
- Iceland’s coat of arms is derived from a 13 th -century folktale about four guardians who protect the four corners of the nation;
- the bull protects the northwest, the eagle the northeast, the dragon the southeast, and the rock-giant the southwest;
- the shield displays the national flag, with red standing for Iceland’s volcanic fires, white for its snow and ice fields, and blue for the ocean
National anthem(s)
- title:
- "Lofsongur" (Song of Praise)
- lyrics/music:
- Matthias JOCHUMSSON/Sveinbjorn SVEINBJORNSSON
- history:
- adopted 1918
National heritage
- total World Heritage Sites:
- 3 (1 cultural, 2 natural)
- selected World Heritage Site locales:
- Thingvellir National Park (c);
- Surtsey (n);
- Vatnajökull National Park - Dynamic Nature of Fire and Ice (n)
Economy
30 fieldsTrading partnersexports left, imports right
By end use% of GDP · (2023 est.)
Budget(2023 est.)
Economic overview
- high-income North Atlantic island economy;
- not an EU member but market integration via European Economic Area (EEA);
- dominant tourism, fishing, and aluminum industries vulnerable to demand swings and disruption from volcanic activity;
- inflation remains above target rate;
- barriers to foreign business access and economic diversification
GDP - composition, by sector of origin
- agriculture:
- 4% (2024 est.)
- industry:
- 19.4% (2024 est.)
- services:
- 65.5% (2024 est.)
note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Agricultural products
milk, chicken, lamb/mutton, barley, potatoes, pork, beef, eggs, other meats, cucumbers/gherkins (2023) note: top ten agricultural products based on tonnage
Industries
- tourism, fish processing;
- aluminum smelting;
- geothermal power, hydropower;
- medical/pharmaceutical products
Labor force
248,400 (2024 est.) note: number of people ages 15 or older who are employed or seeking work
Unemployment rate
3.2% (2024 est.) · 3.6% (2023 est.) · 3.8% (2022 est.) note: % of labor force seeking employment
Youth unemployment rate (ages 15-24)
- total:
- 7.6% (2024 est.)
- male:
- 8.3% (2024 est.)
- female:
- 7% (2024 est.)
note: % of labor force ages 15-24 seeking employment
Population below poverty line
8.8% (2017 est.) note: % of population with income below national poverty line
Gini Index coefficient - distribution of family income
26.6 (2018 est.) note: index (0-100) of income distribution; higher values represent greater inequality
Remittances
0.7% of GDP (2024 est.) · 0.7% of GDP (2023 est.) · 0.7% of GDP (2022 est.) note: personal transfers and compensation between resident and non-resident individuals/households/entities
Taxes and other revenues
23.3% (of GDP) (2023 est.) note: central government tax revenue as a % of GDP
Current account balance
-$845.319 million (2024 est.) · $290.603 million (2023 est.) · -$698.165 million (2022 est.) note: balance of payments - net trade and primary/secondary income in current dollars
Exports
$13.916 billion (2024 est.) · $13.702 billion (2023 est.) · $13.114 billion (2022 est.) note: balance of payments - exports of goods and services in current dollars
Exports - commodities
aluminum, fish, orthopedic appliances, animal meal, iron alloys (2023) note: top five export commodities based on value in dollars
Imports
$14.298 billion (2024 est.) · $13.63 billion (2023 est.) · $13.237 billion (2022 est.) note: balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, cars, carbon-based electronics, aluminum oxide, computers (2023) note: top five import commodities based on value in dollars
Reserves of foreign exchange and gold
$6.403 billion (2024 est.) · $5.809 billion (2023 est.) · $5.887 billion (2022 est.) note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Exchange rates
Icelandic kronur (ISK) per US dollar - 137.958 (2024 est.) · 137.943 (2023 est.) · 135.28 (2022 est.) · 126.989 (2021 est.) · 135.422 (2020 est.)
Energy
5 fieldsElectrification% of population · (2022 est.)
Installed generating capacity, 3.005 million kW(2023 est.)
Communications
6 fieldsPer 100 inhabitants(2023 est.)
Broadcast media
- state-owned public TV broadcaster (RUV) operates 21 TV channels nationally;
- every household is required to have RUV, which doubles as the emergency broadcast network;
- 3 privately owned TV stations;
- 100% of households have multi-channel services though digital and/or fiber-optic connections;
- RUV operates 3 national and 4 regional radio stations;
- 1 privately owned radio conglomerate, Syn (4 stations), broadcasts nationwide;
- over 20 regional radio stations (2019)
Transportation
5 fieldsMerchant marine, 39 ships by typeone square, one ship · (2023)
Ports
- total ports:
- 43 (2024)
- large:
- 0
- medium:
- 2
- small:
- 2
- very small:
- 17
- size unknown:
- 22
- ports with oil terminals:
- 5
- key ports:
- Grundartangi, Reykjavik, Seydhisfjordhur, Vestmannaeyjar
Military and Security
2 fieldsMilitary and security forces
no regular military forces; the Icelandic National Police, the regional police forces, and the Icelandic Coast Guard fall under the purview of the Ministry of Justice (2025)
note: the Icelandic Coast Guard is responsible for operational defense tasks in Iceland including but not limited to operation of Keflavik Air Base, special security zones, and the Icelandic air defense system;
it also coordinates with NATO in such areas as air surveillance and military defense exercises
Military - note
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 is 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)
Iceland also cooperates with the militaries of other regional countries through the Nordic Defense Cooperation (Denmark, Finland, Iceland, Norway, and Sweden) and the Joint Expeditionary Force (Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, the Netherlands, Norway, Sweden and the UK);
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 (2025)
Transnational Issues
1 fieldRefugees and internally displaced persons
- refugees:
- 8,960 (2024 est.)
- IDPs:
- 3,700 (2024 est.)
- stateless persons:
- 31 (2024 est.)
Cite this entry
Central Intelligence Agency. “Iceland.” The World Factbook 2025. Archived by The Factbook, thefactbook.org/iceland.