Iceland

Iceland is a Nordic Island nation, which is popular in its dramatic landscape with volcanoes, geysers, hot springs and lava fields. As of the year 2013, the total population of Iceland is 323,002, with an unemployment rate of 4.3$ in 2015 and life expectancy of 82.92 years in 2012. The economy of Iceland is small and subject to high volatility. In 2011, the GDP was US$12.3bn. However, the financial crisis in 2007-2010 produced a decline in GDP and employment, although the magnitude of this decline remains to be different. Iceland, on the other hand, has a mixed economy with high levels of free trade and government intervention. However, the government consumption is less than other Nordic countries. Geothermal power is the primary source of home and mechanical energy in Iceland.