198 TILG Iceland ceo networks

A sparsely-populated North Atlantic island, Iceland is famous for its hot springs, geysers and active volcanoes. Lava fields cover much of the land and hot water is pumped from under the ground to supply much of the country's heating.

Iceland became an independent republic in 1944 and went on to become one of the world's most prosperous economies. However, the collapse of the banking system in 2008 exposed that prosperity as having been built on a dangerously vulnerable economic model.

The affluence enjoyed by Icelanders before 2008 initially rested on the fishing industry, but with the gradual contraction of this sector the Icelandic economy developed into new areas.

The Beautiful Iceland You Have to Visit to appreciate

Iceland - a nation windswept and beautiful from mountain to sea. Check out our footage to discover the natural and manmade marvels of the island. Check out all the places we visited in this video: https://viewfinder.expedia.com/iceland-vacation-ideas-planning-itinerary-travel-video/ When ready, browse vacation packages to Iceland: https://www.expedia.com/Iceland.d79.Destination-Travel-Guides With a population of just under 350,000, #Iceland can feel like the most isolated place on earth.

Republic of Iceland
Capital: Reykjavik
Population 328,000
Area 103,000 sq km (39,769 sq miles)
Major language Icelandic
Major religion Christianity
Life expectancy 80 years (men), 84 years (women)
Currency krona

TRAVEL & ECONOMY

The economy of Iceland is small and subject to high volatility. In 2011, gross domestic product was US$12.3bn. With a population of 321,000, this is $38,000 per capita, based on purchasing power parity estimates. The financial crisis of 2007-2010 produced a decline in GDP and employment, although the magnitude of this decline remains to be determined.