A: Iceland lies on the geographical coordinates of 65° 0' 0" N, 18° 0' 0" W.
Latitude and Longitude of Iceland in other units:
|Latitude and Longitude to decimals||65.0||-18.0|
|Latitude and Longitude to degrees minutes seconds||65° 0' 0" N||18° 0' 0" W|
|Latitude/Longitude to UTM Reference|
|UTM Northing:7211811.308326352 Easting:358571.570298926 Zone:28W|
More detail about Iceland
Iceland ? tops in Human Development index
Iceland is both geologically and volcanically active. That is why population is scattered in some places, and not so much in other. Iceland follows an open market economy with a relatively lower tax rates. Iceland maintains a Nordic welfare system, and provides a proper health care and education system for all its citizens. Iceland went free market since 1990, which showed satisfactory result in its economy.
In recent times, Iceland is one of the wealthiest and most developed countries in the world. Iceland tops the list of countries which are listed in Human Development Index. The Iceland Government takes pride in the fact that Gini coefficient rates the country as one of the most egalitarian country in the world. Then came a downward curve in the economy of this country. In the year of 2006, Iceland fell a prey to the growing inflation and current debts. Iceland turned to the International Monetary Fund for emergency funding. This happened due to the banking system of Iceland. The major banks were taken under authority in 2008.
Iceland gas very few mineral resources, and thus mining does not contribute highly in the economy of the state. Iceland had mines of sulfur and diatomite. However, Iceland is a leading manufacturer of cement. The country uses concrete for most of its building purposes. Fishing also contributes a lot to the economy of Iceland. Coming to the industries of this state, the most important industry in Iceland is of aluminum smelting. At present there are three plants that are engaged in aluminum smelting, in Iceland.
The energy resources are pretty high in the state of Iceland, in comparison to most other countries in the world. Iceland produces 70% of the total energy reserve needed by it from its hydroelectric and geothermal power resources. Another source of Iceland?s energy is renewable energy.