Iceland is a stunningly delightful place on the off chance that you appreciate weird and destroy scenes. Since it is so near the Arctic Circle, the measure of light changes significantly via season. The sun sets quickly every night in June, yet it doesn't get completely dim before it returns up once more. In the March and September equinoxes, days and evenings are of about equivalent length, as somewhere else on the planet. On the off chance that you go in December, it's right around 20 hours of haziness. Summer is certainly the best time to go, and, after its all said and done the traveler movement is as yet mellow. The midnight sun is a delightful sight and one certainly not to be missed. It is anything but difficult to forget about the time when the sun is still up at 23:00. Early or pre-spring, be that as it may, can be shockingly great circumstances to visit. In late January, light is from around 10:00-17:00, costs are lower than in the high season, and the snow-covered scene is shockingly lovely.
Iceland has a blended economy with abnormal amounts of unhindered commerce and government intercession. In any case, government utilization is not as much as other Nordic nations. Geothermal power is the essential wellspring of home and mechanical vitality in Iceland. In the 1990s Iceland embraced broad free-market changes, which at first delivered solid monetary development. Therefore, Iceland was evaluated as having one of the world's most elevated amounts of financial opportunity and also polite flexibilities. In 2007, Iceland beat the rundown of countries positioned by the Human Development Index and was a standout amongst the most libertarian, as indicated by the figuring gave by the Gini coefficient. From 2006 onwards, the economy confronted issues of developing expansion and current record deficiencies. Somewhat accordingly, and incompletely because of prior changes, the money related framework extended quickly before falling completely in a general budgetary emergency. Iceland needed to acquire crisis subsidizing from the International Monetary Fund and scope of European nations in November 2008.
|Agriculture||potatoes, carrots, green vegetables, tomatoes, cucumbers; mutton, chicken, pork, beef, dairy products; fish|
|Manufacture||Tourism, fish processing; aluminum smelting;; geothermal power, hydropower; medical/pharmaceutical products|
|Services (Including financial)||73.7% (2016 est.)|
|DeCODE genetics||Health care|
The Iceland Stock Exchange working under the name Nasdaq Iceland and furthermore known as ICEX was built up in 1985 as a joint wander of a few banks and financier firms on the activity of the national bank. Exchanging started in 1986 in Icelandic government bonds, and exchanging values started in 1990. Values exchanging expanded quickly from that point. A wide assortment of firms is at present recorded on the trade, incorporating firms in retail, angling, transportation, banks, protection and various different ranges. As a result of the little size of the Icelandic economy and the ease of open posting, a considerable lot of the organizations exchanged on the ICEX are generally little and are moderately illiquid.
The money related emergency had a genuinely negative effect on the Icelandic economy. The national money fell pointedly in esteem, outside cash exchanges were for all intents and purposes suspended for quite a long time, and the market capitalization of the Icelandic stock trade fell by over 90%. Because of the emergency, Iceland experienced an extreme financial sadness; the nation's GDP dropped by 10% in genuine terms between the second from last quarter of 2007 and the second from last quarter of 2010.MMA new period with positive GDP development began in 2011 and has helped encourage a step by step declining pattern for the joblessness rate. The administration spending shortage has declined from 9.7% of GDP in 2009 and 2010 to 0.2% of GDP in 2014; the local government net obligation to-GDP proportion is relied upon to decrease to under 60% of every 2018 from a greatest of 85% out of 2011.
The written history of Iceland started with the settlement by Viking adventurers and their slaves from the east, especially Norway and the British Isles, in the late ninth century. Iceland was as yet uninhabited long after whatever remains of Western Europe had been settled. The recorded settlement has routinely been gone back to 874, albeit archeological confirmation demonstrates Gaelic priests had settled Iceland before that date. The land was settled rapidly, predominantly by Norwegians who may have been escaping strife or looking for new land to cultivate. By 930, the chieftains had set up a type of administration, the Althing, making it one of the world's most seasoned parliaments. Towards the finish of the tenth century, Christianity came to Iceland through the impact of the Norwegian lord Olaf Tryggvason. Amid this time Iceland stayed free, a period is known as the Old Commonwealth and Icelandic students of history started to report the country's history in books alluded to as adventures of Icelanders. In the mid-thirteenth century, the inward clash known as the age of the Sturlungs debilitated Iceland, which in the long run wound up plainly oppressed to Norway through the Old Covenant (1262– 4), adequately finishing the Commonwealth. Norway, thus, was joined with Sweden (1319) and afterward Denmark (1376). In the long run, the majority of the Nordic states were joined in one organization together, the Kalmar Union (1397– 1523), however on its disintegration, Iceland fell under Danish run the show. The resulting strict Danish– Icelandic Trade Monopoly in the seventeenth and eighteenth hundreds of years was extremely impeding to the economy. Iceland's ensuing neediness was bothered by extreme catastrophic events like the Móðuharðindin or "Fog Hardships". Amid this time the populace declined.
Iceland remained some portion of Denmark, however with regards to the ascent of patriotism around Europe in the nineteenth century an autonomy development rose. The Althing, which had been suspended in 1799, was reestablished in 1844, and Iceland picked up sway after World War I, on 1 December 1918. However, Iceland shared the Danish Monarchy until World War II. Despite the fact that Iceland was unbiased in the Second World War, the United Kingdom calmly possessed it in 1940 to thwart a Nazi occupation, after Denmark itself was overwhelmed by the German Wehrmacht. On account of the island's vital position in the North Atlantic, the partners involved the island until the finish of the war, the United States assuming control occupation obligations from the British in 1941. In 1944, Iceland separated its residual ties with Denmark (at that point still under Nazi occupation) and proclaimed itself a completely free country. Following the Second World War Iceland was an establishing individual from both the United Nations and the North Atlantic Treaty Organization. Its economy became quickly to a great extent because of angling, despite the fact that this was damaged by clashes with different countries like the Cod Wars.
Guðni Th. Jóhannesson
Eiður Smári Guðjohnsen
The króna is the cash of Iceland. The króna was truly subdivided into 100 aurar (particular eyrir), yet this subdivision is never again utilized. The Danish krone was acquainted with Iceland in 1874, supplanting the prior Danish cash, the rigsdaler. In 1885, Iceland started issuing its own particular banknotes. The primary coins were issued in 1922. Iceland was compelled to depreciate the Icelandic króna in 1922, by 23% against the Danish krone, which saw the start of an autonomous money related approach in Iceland and was to be the first of numerous ensuing debasements of the króna. In 1925 the króna was pegged to the British pound for the following 14 years until the spring of 1939. Later in 1939, the money was pegged to the US Dollar, which was kept up until 1949.
Iceland's initially coins were 10-and 25-aurar pieces presented in 1922. These were followed in 1925 by 1 króna and 2 krónur pieces and in 1926 by 1-, 2-and 5-aurar pieces. In 1946, the coins' outlines were adjusted to expel the regal monogram (CXR), following Icelandic autonomy from Denmark in 1944. Beginning in 1967, new coins were acquainted due with a significant fall in the estimation of the króna. 10 krónur coins were presented in that year, trailed by 50 aurar and 5 krónur pieces in 1969 and 50 krónur pieces in 1970. The main notes issued in 1885 by the Landssjóður Íslands were in groups of 5, 10 and 50 krónur. In 1904, the Bank of Iceland (Íslands Banki) assumed control note creation and presented 100 krónur notes. In 1921, the Ríkissjóður Íslands started issuing paper cash, with notes for 1, 5, 10 and 50 krónur. In 1928, another bank, the Landsbanki Íslands, assumed control over the issuance of groups of 5 krónur or more, with the Ríkissjóður Íslands proceeding to issue 1 króna notes until 1947. The Landsbanki Íslands presented 500 krónur notes in 1935, trailed by 25-and 1000-krónur notes in 1957.
In 1961, the Seðlabanki Íslands turned into the national bank of Iceland and began issuing paper cash, in groups of 10, 25, 100, and 500 krónur. They were fabricated in England by De la Rue. In 1981, the Icelandic króna was revalued, because of high swelling, with 100 old krónur (ISJ) being worth 1 new króna (ISK) and another 500 krónur banknote were first put into course in 1981. The 1000 krónur was put into dissemination in 1984 and the 5000 krónur in 1986.
The 2000 krónur banknote was put into the flow in 1995 yet never turned out to be extremely well known. The 10000 krónur banknote was put into the flow in 2013.
|Currency||Icelandic króna (ISK)|
|GDP / GDP Rank||16.519 Billion USD|
|GDP Growth Rate||4 Percent|
|GDP Per Captial||$49135.582 (PPP)|
< 1.0% Muslims
< 1.0% Hindus
< 1.0% Buddhists
< 1.0% Jews
< 1.0% Other Religions
Homogeneous Mixture Of Descendants Of Norse And Celts 94%
Population Of Foreign Origin 6%
President – Guðni Th. Jóhannesson
Prime Minister – Katrín Jakobsdóttir
|Website||Go to the web|
|Public Debt||53.23 Percent|
|Unemployment Rate||3.76 Percent|
|Labor Force (Occupation)||-|