About Us Basic Facts About Iceland

Iceland Fact Sheet

General
Official name Republic of Iceland
Capital Reykjavik
Area 103,000 Sq Km
(a little larger than West Bengal and Sikkim together)
Population 3,48,450
Age profile (2018 est.) 0-14 years: 67,407
15-24 years: 47,646
25-54 years: 1,43,531
55 years and over: 89,866
Total: 3,48,450
Life expectancy (2016 est.) Average: 82.5 years;
Male: 81 years
Female; 84 years
Languages Icelandic (A Nordic Language). However, English is widely spoken.
Ethnic groups (2018 est.) Icelandic 93%, Polish 3.14%, Lithuania 0.51%, China 0.07%, India 0.03%
Religions Evangelical Lutheran (77%) & Catholic (18%) Church of Iceland
Currency Icelandic Krona (ISK)
GDP US $ 23 Billion (2017)
GDP per capita US $ 60.498 Billion (2016)
GDP Growth Rate 3.6 % (2018)
Unemployment 3% (2016)
Forest cover 23,805 sq. km. (Vegetation)
CO2 emissions per capita 11.82 metric tons (2016)
Tourist arrivals 17,92,200 (2017)
Internet penetration 100%
Mobile phones 86.7 % (2016)
Urbanization 94.23 % (2016)
World Exports from Iceland US $ 4453 Million (2016)
World Imports into Iceland US $ 5700 Million (2016)
Main trade partners (2017) European Economic Area (EEA), USA
Political
Political structure Constitutional Republic with Multi-Party System
Major political parties Independence Party, Left-Green Movement, Progressive Party, Social Democratic Alliance, Centre Party, Pirate Party,
People's Party, Reform Party
Head of State (President) Mr. Guni Th. Jhannesson, Hon'ble President of Iceland
Head of Government (PM) Ms. Katrn Jakobsdttir, Hon'ble Prime Minister of Iceland
Bilateral
Bilateral Trade with Iceland US $ 21.40 Million (2017)
Indian Exports to Iceland US $ 16.72 Million (2017)
Indian Imports from Iceland US $ 4.68 Million (2017)
Iceland's main products of Export to India in 2017 Fish products, Aluminum, animal products, ferrosilicon, medicine.
Iceland's main products of Import from India in 2017 Fruit, Rubber, Carpets, Aluminum, Organic Chemicals, Apparels & Accessories, Textile, Yarn, etc. Cereals and Cereal production, Plastic Products, Leather Articles.
Indian investments in Iceland ------------------
Iceland investments in India Medicine, Geothermal, Software
Indian Community 333 (approx.) persons of Indian origin, including PIO/OCI card holders.

Geography

Location: European island in the North Atlantic (3 hours flight from London, 5 hours from New York).
Capital: Reykjavik (population 222,590 approx.)

Total area: 103,000 km (39,756 square.miles);

vegetation: 23.1%, lakes: 2.7%, glaciers: 11.6%, wasteland: 62.6%.

Sea area within fishing limits: 758,000 km. Coastline : 4,970 km.

People

Population:348,580 (2017)
Ethnic groups: Homogenous mixture of descendants of the original Nordic and Celtic settlers.
Religion: State Lutheran Church 84%.

Government

Type: Republic since 17 June 1944. Independent since 1 December 1918.
President: Mr. Gudni Th Jhannesson (since 1 August 2016 )
Prime Minister: Ms. Katrn Jakobsdttir (since 30 Nov. 2017 ). The cabinet is responsible to the legislature (Althingi).

Economy

Currency: Icelandic krna (ISK) (Rate of exchange See Central Bank exchange rates).
GDP:US$ 20.05 Billion (2016)
GDP per capita: US$ 60.498 Billion (2016)
Labour Force: 197,700 (November 2017)
Unemployment rate: 1.7% (November 2017)

Employment by industry (approx):Agriculture: 3.9%. Industry: 17.76%. Services: 78.34%.