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General
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Official name
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Republic of Iceland
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Capital
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Reykjavik (pronounced Rey-kia-vik)
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Area
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102,775 Sq Km
(slightly larger than Bihar)
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Population (Oct 2022)
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385,230
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Population by main cities
(Jan 2022)
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Reykjavik Capital Region - 247,590
Northeast: Akureyri - 19,642
Southwest: Keflavik – 20,416
West: Akranes – 7,841
South: Selfoss – 6,510
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Age profile (Jan 2022)
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Below 14 years: 69,803
15-64 years: 250,078
65 years and above: 56,367
Total: 376,248
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Life expectancy (2022)
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Average: 82.6 years (Male: 81.0; Female: 84.2)
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Languages
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Icelandic (a Nordic Language).
However, English is widely spoken.
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Ethnic groups (2021)
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Icelandic 80.3%, Polish 5,5%, Lithuanian 0.9%, Filipino 0.6%, Romanian 0.05%
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Religions
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Lutheran State Church (62%) & Free Church of Iceland and Roman Catholic (3.9%) Traditional Norse Religion (1.3%)
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Currency (January 2023)
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Icelandic Krona (ISK) (1 USD = 144.27 ISK)
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GDP
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US$ 25.6 Billion (2021)
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GDP per capita (PPP)
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US $ 57,872 (2021)
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GDP per capita
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US $ 68,727 (2021)
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GDP Growth Rate
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6.2 % (2022); 1.8% (projected 2023)
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Main exports/ sources
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Aluminum: 33 % of total
Seafood : 23 %
Tourism: 20 %
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Household savings rate
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10.8 %
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Inflation
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9.6 % (December 2022)
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Unemployment
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4.6 % (November 2022)
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Forest cover
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1906 sq. km. (Vegetation) - (1.9%)
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Population per square Km
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3.6 (2020)
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Tourist arrivals
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22,83,435 (2022)
6,78,802 (2021)
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Internet penetration
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98%
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Mobile phones
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120 (2020) (Per 100 inhabitants)
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Total Exports to Iceland
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US $ 11.7 Million (2021-22)
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Total Imports from Iceland
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US $ 5.7 Million (2021-22)
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Main trade partners
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European Economic Area (EEA), USA
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Political
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Political structure
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Constitutional Republic with Multi-Party System
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Major political parties
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Independence Party, Left-Green Movement, Progressive Party- Ruling coalition
Social Democratic Alliance, Centre Party, Pirate Party, People's Party, Reform Party
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Head of State (President)
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Mr. Gudni Thorlacius Jóhannesson
Hon'ble President of the Republic of Iceland
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Head of Government (PM)
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Ms. Katrín Jakobsdóttir
Hon'ble Prime Minister of the Republic of Iceland
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