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Iceland [e] is a Nordic island country between the North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge between North America and Europe.It is culturally and politically linked with Europe and is the region's westernmost and most sparsely populated country. [12]
In 2016, 71.6% of the population belonged to the state church (the Evangelical Lutheran Church of Iceland), approximately 5% in free churches, 3.7% to the Roman Catholic Church, approximately 1% to the Ásatrúarfélagið (a legally recognized revival of the pre-Christian religion of Iceland), approximately 1% to Zuism, 8% in unrecognized or ...
Tourism accounted for more than 10% of Iceland's GDP in 2017. [19] After a period of robust growth, Iceland's economy is slowing down according to an economic outlook for the years 2018–2020 published by Arion Research in April 2018. [20] Iceland has a mixed economy with high levels of free trade and government intervention.
Active tourism: riding Icelandic horses in Skaftafell. Tourism in Iceland has grown considerably in economic significance in the past 15 years. As of 2016, the tourism industry is estimated to contribute about 10 percent to the Icelandic GDP; [1] the number of foreign visitors exceeded 2,000,000 for the first time in 2017; tourism is responsible for a share of nearly 30 percent of the country ...
On 10 June 2011, the EFTA Surveillance Authority ruled that Iceland should take steps towards paying the full amount to the UK and the Netherlands within three months after the ruling. [143] The Icelandic Minister of Economic Affairs Árni Páll Árnason made a statement to the Icelandic Parliament [ 144 ] on the same day rejecting this ruling.
[7] [8] An outline agreement was reached on 16 November 2008, after mediation by France and the European Union. [9] Iceland agreed to guarantee the liabilities of the Depositors' and Investors' Guarantee Fund to British and Dutch savers, while the UK and the Netherlands would effectively lend the Guarantee Fund the necessary money. [9]
An ice cap is a mass of glacial ice that covers less than 50,000 km 2 (19,000 sq mi) of land area covering a highland area and they feed outlet glaciers. [4]: 52 Many Icelandic ice caps and glaciers lie above volcanoes, such as Grímsvötn and Bárðarbunga, which lie under the largest ice cap, Vatnajökull.
The Inuit Circumpolar Council is one of the six group of Arctic Indigenous peoples that have a seat as a so-called "Permanent Participant" on the Arctic Council, [180] an international high level forum in which the eight Arctic Countries (United States, Canada, Russia, Denmark, Iceland, Norway, Sweden and Finland) discuss Arctic policy.