ICELAND (Continued)
Branches: legislative authority rests jointly with President and parliament (Althing); executive power vested in President but exercised by Cabinet responsible to parliament; Supreme Court and 29 lower courts
Government leaders: President Vigdīs FINNBOGADÓTTIR, Prime Minister Gunnar THORODDSEN; government coalition
Suffrage: universal, over age 20; not compulsory
Elections: parliamentary every four years, last 2-3 December 1979; presidential every four years
Political parties and leaders: Independence (conservative), Geir Hallgrīmsson; Progressive, Steingrīmur Hermannsson; Social Democratic, Kjartan Jóhannsson; People's Alliance (Communist front), Svavar Gestsson
Voting strength (1979 election): 37.9% Independence, 24.9% Progressive, 19.7% People's Alliance, 17.4% Social Democratic, 1.2% other
Communists: est. 2,200, many of whom participate in the People's Alliance, which drew 24,390 votes in the 1979 parliamentary elections
Member of: Council of Europe, EC (free trade agreement pending resolution of fishing limits issue), EFTA, FAO, GATT, IAEA, IBRD, ICAO, ICES, IDA, IFC, IHO, ILO, IMCO, IMF, IPU, ITU, IWC—International Whaling Commission, NATO, Nordic Council, OECD, UN, UNESCO, UPU, WHO, WMO, WSG
ECONOMY
GNP: $2,760 million (1980), $12,213 per capita; 63.2% consumption, 27.0% investment, 12.0% government, 0.6% change in stocks; —0.5% net foreign demand (1979); 1980 growth rate 2.8%, constant prices
Agriculture: cattle, sheep, dairying, hay, potatoes, turnips; food shortages—grains, sugar, vegetable and other fibers; caloric intake, 2,900 calories per day per capita (1964-66)
Fishing: landed 1,640,951 metric tons; marine product exports $589.3 million (1979)
Major industries: fish processing, aluminum smelting, diatomite production, hydroelectricity
Shortages: grain, fuel, wood, minerals, vegetable fibers
Electric power: 670,000 kW capacity (1980); 3.143 billion kWh produced (1980), 13,720 kWh per capita
Exports: $932.7 million (f.o.b., 1980); fish and fish products, animal products, aluminum, diatomite
Imports: $1 billion (c.i.f., 1980); machinery and transportation equipment, petroleum, foodstuffs, textiles
Major trade partners: (1979) exports—EC 39%, US 28%, USSR 4%; imports—EC 46%, USSR 11%, US 7%
Aid: economic authorizations including Ex-Im from US, $19.1 million (FY70-80)
Budget: (1979) expenditures $674 million, revenues $699 million
Monetary conversion rate: 4.7977 kronur=US$1 (1980)
Fiscal year: calendar year
COMMUNICATIONS
Railroads: none
Highways: 12,343 km total; 166 km bitumen and concrete; 1,284 km bituminous treated and gravel; 10,893 km earth
Ports: 4 major (Akureyri, Hafnarfjördhur, Reykjavik, Seydhisfjördhur), and about 50 minor
Civil air: 14 major transport aircraft, including 2 leased out
Airfields: 119 total, 100 usable; 3 with permanent-surface runways; 1 with runways 2,440-3,659 m, 10 with runways 1,220-2,439 m
Telecommunications: adequate domestic service, wire and radio communication system; 103,800 telephones (45.9 per 100 popl.); 17 AM, 19 FM, and 96 TV stations; 2 coaxial submarine cables; 1 satellite station with Atlantic Ocean antenna
DEFENSE FORCES
Military manpower: males 15-49, 60,000; 52,000 fit for military service (Iceland has no conscription or compulsory military service)
