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Tourism accounted for more than 10% of Iceland's GDP in 2017. [18] 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. [19] 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 ...
The oldest known source which mentions the name "Iceland" is an eleventh-century rune carving from Gotland. There is a possible early mention of Iceland in the book De mensura orbis terrae by the Irish monk Dicuil, dating to 825. [9] Dicuil claimed to have met some monks who had lived on the island of Thule. They said that darkness reigned ...
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