
Official Title:
Republic of Iceland
Capital: Reykjavik
Population (million): 0.327
Total Area: 103,000km2
Currency: 1 CAN$ = 124.69 Krona (ISK)(2012)
National Holiday: June 17, Proclamation of the Republic (1944)
Language(s): Icelandic
Type of State:
Republic
Type of Government:
Parliamentary democracy. Unicameral with a 63-seat Parliament (Althing). Prime Minister appointed by the President. Cabinet appointed by the Prime Minister and approved by Parliament. Administrative divisions: 23 counties and 14 independent towns. Governing coalition: Social Democratic Alliance and Left-Green Movement
Head of State:
President Ólafur Ragnar Grímsson
Head of Government:
Prime Minister Jóhanna Sigurðardóttir (SF)
Ministers:
Foreign Affairs and External Trade: Össur Skarphéðinsson
Industries and Innovation: Steingrímur J. Sigfússon
Finance and Economic Affairs: Katrín Júlíusdóttir
Main Political Parties:
Coalition: Social Democratic Alliance (SF) (20), Left-Green Movement (VG) (14)
Opposition parties: Independence Party (SSF) (16), Progressive Party (FSF) (9), Citizen’s Mouvement (4)
Elections:
President and Deputies: 4 year term; next: April 2016
Please note that the economic statistics reflect Canadian dollars and the yearly averages for the year. If listed as ’0’ or absent, the statistic is currently unavailable.
| Type | Iceland | Canada |
|---|---|---|
| GDP: ($ billion) | 13.65 | 1818.32 |
| GDP per capita: ($) | 41721.63 | 52209.92 |
| GDP growth rate: (%) | 1.64 | 1.84 |
| Inflation: (%) | 5.19 | 1.52 |
| Unemployment: (%) | 5.77 | 7.29 |
Canadian exports to country: $49,935,820
Canadian imports from country: $55,795,022
FDI in Canada: (2011) $ million
CDI in Iceland: (2011) $168 million
Foreign Representation in Canada:
Ambassador Thordur Aegir Oskarsson
Canadian Representation Abroad:
Ambassador Stewart Wheeler
May 2013
Sources include: Statistics Canada, IMF