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. Guðni Th. Jóhannesson, Hon'ble President of Iceland |
Head of Government (PM) |
Ms. Katrín Jakobsdóttir, 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 ½ 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%.