Related topics: volcano

Could Iceland feed Europe?

According to a new study led by Dr. Asaf Tzachor at Reichman University's School of Sustainability, the small country of Iceland can play a pivotal role in European food security, providing over 40 million Europeans with ...

Deja vu as volcano erupts again near Iceland capital

A volcano erupted in Iceland on Wednesday near the capital Reykjavik, spewing red hot lava and plumes of smoke out of a fissure in an uninhabited valley after several days of intense seismic activity.

Southwest Iceland is shaking – and may be about to erupt

More than 17,000 earthquakes have been recorded in the southwest of Iceland, in the Reykjanes Peninsula, during the past week. People living in the area have been advised to be extra careful due to dangers of landslides and ...

Extinction of Icelandic walrus coincides with Norse settlement

An international collaboration of scientists in Iceland, Denmark and the Netherlands has for the first time used ancient DNA analyses and C14-dating to demonstrate the past existence of a unique population of Icelandic walrus ...

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Iceland

ab. ^ The native description to the form of government of the country is "Lýðveldið Ísland". b. ^ "Statistics Iceland:Key figures". Statistics Iceland. 1 October 2002. http://www.statice.is/?PageID=1390. Retrieved 2011-07-02. 

Iceland i/ˈaɪslənd/ (Icelandic: Ísland, IPA: [ˈislant]; see Names for Iceland), described as the Republic of Iceland, is a European island country in the north Atlantic Ocean on the Mid-Atlantic Ridge. It has a population of about 320,000 and a total area of 103,000 km2 (39,769 sq mi). The capital and the largest city is Reykjavík, with the surrounding areas in the southwestern region of the country being home to two-thirds of the country's population. Iceland is volcanically and geologically active. The interior mainly consists of a plateau characterised by sand fields, mountains and glaciers, while many glacial rivers flow to the sea through the lowlands. Iceland is warmed by the Gulf Stream and has a temperate climate despite a high latitude just outside the Arctic Circle.

According to Landnámabók, the settlement of Iceland began in AD 874 when the chieftain Ingólfur Arnarson became the first permanent Norse settler on the island. Others had visited the island earlier and stayed over winter. Over the following centuries, Norsemen settled Iceland, bringing with them slaves of Gaelic origin. From 1262 to 1918 Iceland was part of the Norwegian and later the Danish monarchies. Until the 20th century, the Icelandic population relied largely on fisheries and agriculture. Industrialisation of the fisheries and Marshall Aid brought prosperity in the years after World War II. In 1994, Iceland became party to the European Economic Area, which made it possible for the economy to diversify into economic and financial services.

Iceland has a free market economy with relatively low taxes compared to other OECD countries, while maintaining a Nordic welfare system providing universal health care and tertiary education for its citizens. In recent years, Iceland has been one of the wealthiest and most developed nations in the world. In 2010, it was ranked as the 17th most developed country in the world by the United Nations' Human Development Index, and the fourth most productive country per capita. In 2008, political unrest occurred as the nation's entire banking system systemically failed.

Icelandic culture is founded upon the nation's Norse heritage. Most Icelanders are descendants of Norse (particularly from Western Norway) and Gaelic settlers. Icelandic, a North Germanic language, is closely related to Faroese and some West Norwegian dialects. The country's cultural heritage includes traditional Icelandic cuisine, poetry, and the medieval Icelanders' sagas. Currently, Iceland has the smallest population among NATO members and is the only one with no standing army.

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