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15-64 years: 67.1% (male 105,541/female 103,202)
65 years and over: 12.7% (male 17,974/female 21,378) (2011 est.)
conventional short form: Iceland
local long form: Lydveldid Island
local short form: Island
geographic coordinates: 64 09 N, 21 57 W
time difference: UTC (5 hours ahead of Washington, DC during Standard Time)
over 3,047 m: 1
1,524 to 2,437 m: 3
914 to 1,523 m:2 (2012)
Substantial foreign investment in the aluminium and hydropower sectors has boosted economic growth which, nevertheless, has been volatile and characterized by recurrent imbalances. Government policies include reducing the current account deficit, limiting foreign borrowing, containing inflation, revising agricultural and fishing policies, and diversifying the economy.
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