Thursday, May 17, 2012

Econmic Activities(Including Level of Developments)

Currency: ISK
Unemployment: 16%
GDP per Capita: $38,000
73% Service
72.2% Industry
4.8% agriculure
Industries: Fish processing, aluminum smeltin,g geothermal/ hydro power, tourism,
exports- $5.3 billion
imports- $ 4.49 billion
Since there is no standing military of Iceland and strong Western European Influences Iceland was able to become one of the most developed countries.
Development of geothermal energy had reduced the usage of fossil fuels.
Increased in volcanic dusts had lead to desertification, leading to low percent of agriculture.

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