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Fact Sheet

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Iceland

Official Title:
Republic of Iceland


General Information

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


Political Information

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


Economic Information (2012)

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.

Economic Information
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

Trade and Investment (2012)

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


Representation

Foreign Representation in Canada:
Ambassador Thordur Aegir Oskarsson

Canadian Representation Abroad:
Ambassador Stewart Wheeler


May 2013
Sources include: Statistics Canada, IMF

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Date Modified:
2010-02-19