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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 ...
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.
Iceland has a high level of car ownership per capita, with a car for every 1.5 inhabitants; it is the main form of transport. [166] Iceland has 13,034 km (8,099 mi) of administered roads, of which 4,617 km (2,869 mi) are paved and 8,338 km (5,181 mi) are not.
Immigration to Iceland rose rapidly in the late twentieth century, encouraged by Iceland's accession to the European Economic Area in 1994, its entry into the Schengen Agreement in 2001, and the country's economic boom in the early twenty-first century. The largest ethnic minority is Poles, who are about a third of the immigrant population. In ...
Iceland's first coins were 10 and 25 aurar pieces introduced in 1922. These were followed in 1925 by 1 krona and 2 krona pieces and in 1926 by 1, 2 and 5 aurar pieces. In 1946, the coins' designs were altered to remove the royal monogram (CXR), following abolition of the Icelandic monarchy (which had formed a personal union with Denmark) in 1944.
Iceland also participates in EU civilian peacekeeping missions. [7] Iceland is a member of the Nordic Passport Union [8] and the Schengen Area, which now is under EU law, as a non-voting participant. Iceland's participation in the Schengen Area allows free movement of people between Iceland and the rest of the Schengen Area.
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.