Iceland: Facts and Figures

Iceland in a Nutshell

Governance of Iceland

  • President: Gudni Th Johannesson, elected June 2016. Former UI employee, Faculty of  History and Philosophy.
  • System of government: Parliamentary constitutional republic.

Monetary Policy

Currency: ISK, Icelandic króna. More information can be found at Central Bank of Iceland.


  • Size: 103.000 km², slightly bigger than Portugal and a bit smaller than Cuba.
  • Highest summit: Hvannadalshnjúkur in Vatnajökull National Park.
  • Natural hazards: Volcanic activity, earthquakes, avalanches, glacial outburst floods.
  • Natural resources: Fish, hydropower, geothermal energy.
  • Time zone: GMT, all year round.

International Obligations

Iceland is party to the Agreement on the European Economic Area (EEA), the European Free Trade Association (EFTA), the European Convention on Human Rights (ECHR) the North Atlantic Treaty Organisation (NATO), the Nordic Council and the Schengen Agreement. Iceland is not an EU member state.

Under the Icelandic constitution, all persons are equal before the law. Discriminaton on grounds of gender, race, religious or political convictions, economic status, etc., is prohibited. Women and men have equal status in every respect.

Iceland Country Code


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