In 2006, Iceland was an island nation in the North Atlantic with a population of approximately 300,000 people. It was bordered by the Atlantic Ocean to the south and west and Greenland to the east. Politically, it was divided into 8 regions and 74 municipalities.
Iceland in 2006 had a GDP of approximately $14 billion USD and per capita GDP of around $50,000 USD. The economy of Iceland relied heavily on fishing which accounted for over 50% of GDP in 2006. Other important industries included tourism, aluminum smelting and services.
According to constructmaterials, Iceland had made significant progress in terms of human development since its transition from authoritarian rule to democracy in 1944 when its Human Development Index (HDI) score improved from 0.739 in 1989 to 0.924 in 2006 – making it one of the most developed countries in Europe during that period. Poverty was very low with only 4% living below national poverty line in 2006 and access to basic services such as education, healthcare and clean water were on par with other countries in the region.
Iceland. In the local elections in May, the ruling Progress Party suffered great losses. As a result of the election results, Halldór Ásgrímsson resigned as party leader and also as prime minister. He was succeeded as head of government by the then Foreign Minister Geir Haarde, leader of the larger coalition partner Independence Party. Haarde took over an economy that was overheated by high lending and a high level of investment as a result of an extensive expansion of aluminum production. Abroad, Icelandic banks and companies had invested in sums three times as large as their own country’s GDP. According to investment bank Merrill Lynch, the banks’ credit rating was greatly overestimated. The value of the Icelandic krona fell to the lowest level in several years. Iceland’s central bank warned of “unacceptable” inflation and raised the policy rate in August to 13.5%.
According to CountryAAH, major public holidays in Iceland include Independence Day (June 17) and New Year (January 1). The United States decided during the year that the US fighter planes and the helicopter rescue force should be withdrawn from Iceland. The decision was stated to have been made by President George W. Bush on the recommendation of Secretary of Defense Donald Rumsfeld. That meant the end of 65 years of US military presence on the island. The I government thought that trust between the two countries had been broken, but an American delegation came to Iceland to negotiate a new defense plan. In September, the withdrawal of US troops was completed, which meant that Iceland became one of the few countries in the world without permanent military defense. At the same time, about 700 Icelanders lost their jobs at the base.
In October, the government decided that commercial whaling would resume in Icelandic waters after a seventeen year ban. According to Iceland’s marine institute, the annual catch ratio of nine herring whales and 30 whale whales could not threaten the whale stock, which was estimated at over 25,000 whale whales and over 43,000 whale whales. But Iceland’s decision was criticized internationally. by the Swedish government, and Iceland’s tourism industry received cancellations in protest.
Iceland has been a member of EFTA since 1970. The EEA agreement was approved by the Allting in 1993, and Iceland became an associate member of the Western Union (WEU) in the same year. However, Iceland has not applied for EU membership. The EEA agreement means, among other things, that Iceland gained duty-free access to the EU for almost all its fishery products from 1997. On the other hand, the EU has obtained an annual catch quota of 3000 tonnes in Icelandic waters. Iceland joined the Schengen co-operation in 2001, together with the other Nordic countries.
In 2006, the United States brought home its force of 1,200 men from the Keflavik base, thus punishing 55 years of military presence in Iceland. The background was the changes in threat and weapons technology after the Cold War. But the decision came abruptly and without negotiating opportunities for Icelanders. Iceland has subsequently become stronger in the Nordic neighboring countries, and the European NATO countries in general, through agreements on air patrolling and regular military exercises, in which the United States now also participates.
In 2007, Iceland and Norway signed a bilateral cooperation agreement on, among other things, air surveillance and terrorism preparedness. Some of their own Icelandic military force is not a theme, but the new Defense Directorate that was created runs the radar systems from the US era and disseminates intelligence material within the alliance. Iceland has also contributed civilian personnel in Afghanistan – and now has defense on the agenda to a completely different degree than when everything was left to the Americans. In recent years, the Russian defense has increased its activity in the international airspace around Iceland’s borders.
Iceland is an island nation in the Atlantic Ocean and is located south of the Arctic Circle. It has the lowest population density in the Nordic countries. The country’s capital is Reykjavik, and is the northernmost capital of an independent state in the world. One-tenth of Iceland is covered in glaciers, and there are hundreds of hot springs in the country. There are mountains and glaciers in the middle of Iceland, and the coast has more flat terrain.
- According to abbreviationfinder, IS is the abbreviation code for Iceland.
Iceland is part of a mountain range at the bottom of the Atlantic. The mountains are located between two slowly moving continental plates and for this reason there are several functioning volcanoes in Iceland. Despite its location, the country’s climate is relatively mild thanks to the golf current. Summers are cool and winters are mild. In Iceland you can swim in hot springs, the most famous of which is the Blue Lagoon, which is only 50km from Reykjavik. It is the most popular place to visit in Iceland. The water in the Blue Lagoon is very mineral-rich, about 35 degrees warm and located in the middle of jagged lava boulders. Swimming in the lagoon is a unique experience!
Iceland also has the opportunity to ride unique Icelandic horses on their own home island in authentic surroundings. Icelandic horses are small and durable, and are also great for beginners. Issikas are known for their friendly and curious nature, and their specialty is a fourth type of step called a tent.
Area: 103,000 km²
Population: 350,734 (estimate 7/2020)
Language: Icelandic, English, German and other Skadin languages
Form of government: Republic