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Other meanings of Iceland

Geography

Iceland

Iceland is a Nordic island country in the North Atlantic Ocean, situated on the Mid-Atlantic Ridge. It is known for its dramatic volcanic and glacial landscapes, and it has a population of about 376,000, making it the most sparsely populated country in Europe. The capital, Reykjavík, is the world's northernmost capital of a sovereign state. Iceland is a developed nation with a high standard of living, a robust welfare system, and a strong economy driven by tourism, fisheries, and renewable energy.

376,000
Population (2023)
Estimated population
103,000 km²
Area
Total land area
64.1466° N
Latitude
Coordinates of Reykjavík
0.959
HDI (2022)
Human Development Index
1

Geography and geology

Iceland sits atop the Mid-Atlantic Ridge, where the Eurasian and North American tectonic plates diverge, making it one of the most geologically active places on Earth. The island is composed largely of basalt, with about 30 active volcanic systems; the most notable eruptions in recent history include Eyjafjallajökull in 2010 and the ongoing Fagradalsfjall eruptions since 2021. Glaciers cover about 11% of the land, with Vatnajökull being the largest glacier in Europe by volume. The island's interior is a highland plateau with deserts, lava fields, and hot springs, while the coastline is deeply indented by fjords.

2

History and settlement

Iceland was settled by Norse and Gaelic people in the 9th century, according to the Landnámabók, with Ingólfr Arnarson traditionally credited as the first permanent settler in 874. The island established the Althing, one of the world's oldest parliaments, in 930. After centuries of Norwegian and Danish rule, Iceland gained home rule in 1904 and full independence in 1944, becoming a republic. The country was neutral in World War II but was occupied by British and later American forces, which accelerated its modernization. Iceland joined NATO in 1949 and the European Economic Area in 1994, but has declined EU membership.

3

Economy and energy

Iceland's economy has transformed from a reliance on fishing and agriculture to a diversified one, with tourism, aluminum smelting, and technology playing major roles. The country is a world leader in renewable energy: nearly 100% of its electricity comes from hydroelectric and geothermal sources, and it pioneered the use of geothermal heating for entire cities. The 2008 financial crisis severely impacted its banking sector, but Iceland recovered through capital controls and a tourism boom, though the 2020 pandemic and subsequent inflation have posed new challenges. The currency is the Icelandic króna, and the country has a high per-capita GDP.

4

Lesser-known aspects

Iceland has no native mosquitoes, and its only native land mammal is the Arctic fox. The country's literacy rate is nearly 100%, and it publishes more books per capita than any other nation, with a tradition of giving books as Christmas gifts. Iceland is also home to the world's oldest parliament, the Althing, and its language has changed so little that modern Icelanders can read medieval sagas. The country has a unique tradition of 'jólabókaflóð' (Christmas Book Flood), and it is one of the few places where you can see the Northern Lights and the midnight sun. Iceland also has a notable history of environmental activism, including the 1970s 'women's strike' that led to the world's first female president, Vigdís Finnbogadóttir.

Glossary

Althing
The national parliament of Iceland, founded in 930, one of the oldest in the world.
Geothermal energy
Heat derived from the Earth's interior, used in Iceland for electricity and heating.
Vatnajökull
The largest glacier in Iceland and by volume in Europe.

All data are as of 2023–2024 and subject to change.