Imports$4.501 billion (2011 est.)
Exports$5.3 billion (2011 est.)
Inflation rate (consumer prices)4% (2011 est.)
Unemployment rate7.4% (2011 est.)
GDP - per capita (PPP)$38,500 (2011 est.)
National product real growth rate-3.4% (2010 est.)
Internet users301,600 (2009)
Telephones - mobile cellular348,100 (2009)
Population growth rate0.674% (2012 est.)
Population313,183 (July 2012 est.)
Settled by Norwegian and Celtic (Scottish and Irish) immigrants during the late 9th and 10th centuries A.
, Iceland boasts the world's oldest functioning legislative assembly, the Althing, established in 930....
Iceland's Scandinavian-type social-market economy combines a capitalist structure and free-market principles with an extensive welfare system.
Prior to the 2008 crisis, Iceland had achieved high growth, low unemployment, and a remarkably even distribution of income.
The economy depends heavily on the fishing industry, which provides 40% of export earnings, more than 12% of GDP, and employs 7% of the work force....
An unexpected surge in GDP growth to 10.2% in Q3, as investment and exports rose strongly, lifted 2016 growth to almost 6% and expansion of about 5% is now forecast for this year. Growth is set to slow ...