Iceland Net Worth is38,300 GDP/Capital ($)
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Conventional Long Name: Iceland
Native Name: is/Ísland/icon
Common Name: Iceland
Image Flag: Flag of Iceland.svg
Image Coat: Coat of arms of Iceland.svg
Image Map: Europe-Iceland.svg
Map Caption: location color
National Anthem: ''Lofsöngur'', official languages
Capital: Reykjavík
Latd: 64 /latm
Largest City: capital
Ethnic Groups: 92% Icelanders /2.88% Icelanders of Polish descent /5.12% others {{small/(see Iceland#Demographics below)}}
Ethnic Groups Year: 2012url
Government Type: Parliamentary republic
Leader Title 1: President of Iceland
Leader Name 1: Ólafur Ragnar Grímsson
Leader Title 2: Prime Minister of Iceland
Leader Name 2: Jóhanna Sigurðardóttir
Leader Title 3: Althing
Leader Name 3: Ásta Ragnheiður Jóhannesdóttir
Legislature: ''Althing''
Area Rank: 108th
Area Magnitude: 1 E11
Area Km 2: 103,001
Area Sq Mi: 39,770
Percent Water: 2.7
Population Estimate: 320,060aaa/a
Population Estimate Rank: 175th
Population Estimate Year: 1 April 2012
Population Density Km 2: 3.1
Population Density Sq Mi: 7.5
Population Density Rank: 232nd
GDP PPP: $12.409 billion GDP PPP Year: 2011
GDP PPP Per Capita: $38,060 GDP Nominal: $14.048 billion GDP Nominal Year: 2011
GDP Nominal Per Capita: $43,088 State Religion: Church of Iceland
Sovereignty Type: Establishment
Established Event 1: Settlement of Iceland
Established Date 1: 9th century
Established Event 2: Þjóðveldið
Established Date 2: 930–1262
Established Event 3: Old Covenant (Iceland)
Established Date 3: 1262–1814
Established Event 4: Monarchy of Denmark
Established Date 4: 1380–1944
Established Event 5: Constitution of Iceland
Established Date 5: 5 January 1874
Established Event 6: Kingdom of Iceland
Established Date 6: 1 December 1918
Established Event 7: Icelandic constitutional referendum, 1944
Established Date 7: 17 June 1944
HDI: 0.898 HDI Rank: 14th
HDI Year: 2011
HDI Category: Gini: 25.0bbb/b
Gini Year: 2010
Gini Rank: 1st
Gini Category: Currency: Icelandic króna
Currency Code: ISK
Country Code: EU ISK
Time Zone: Greenwich Mean Time
Utc Offset: +0
Time Zone DST: not observed
Drives On: right
Cctld: .is
Calling Code: Telephone numbers in Iceland
Demonym: Demographics of Iceland
Footnote A: aaa title
Footnote B: bbb title
Iceland i/E?aE?slE?nd/ (Icelandic: A?sland, IPA: [E?islant]) is a Nordic European island country situated at the confluence of the North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge. The country has a population of about 320,000 and a total area of 103,000 km2 (40,000 sq mi), which makes it the most sparsely populated country in Europe. The capital and largest city is ReykjavA-k, 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 consists mainly of a plateau characterised by sand and lava 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 LandnA?mabA?k, the settlement of Iceland began in AD 874 when the chieftain IngA?lfur 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 thralls of Gaelic origin. From 1262 to 1918, Iceland was part of the Norwegian and later the Danish monarchies. The country became independent in 1918 and a republic was declared in 1944. Until the 20th century, the Icelandic population relied largely on fishing and agriculture, and the country was one of the poorest and least developed in the world. Industrialisation of the fisheries and aid from the Marshall Plan brought prosperity in the years after World War II, and by the 1990s Iceland was one of the world's wealthiest countries. 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 corporate taxes compared to other OECD countries, while maintaining a Nordic welfare system t

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