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Iceland is a European island country in the North
Atlantic Ocean on the Mid-Atlantic Ridge. It has a population of about
320,000 and a total area of 103,000 km2 (39,769 sq MI). The capital and
largest city is Reykjavík, with the surrounding areas in the southwestern
region of the country being home to some two-thirds of the national
population. Iceland is volcanically and geologically active. The interior
mainly consists of a plateau characterised by sand fields, mountains and
glaciers, while many glacial rivers flow to the sea through the lowlands.
Iceland is warmed by the Gulf Stream and has a temperate climate despite a
high latitude just outside the Arctic Circle.
According to Landnámabók, the settlement of Iceland
began in AD 874 when the Norwegian chieftain Ingólfur Arnarson became the
first permanent Norwegian settler on the island. Others had visited the
island earlier and stayed over winter. Over the following centuries,
people of Norse and Gaelic origin settled in Iceland. From 1262 to 1918 it
was part of the Norwegian and later the Danish monarchies. Until the 20th
century, the Icelandic population relied largely on fisheries and
agriculture. In 1994, the nation became party to an agreement that
established the European Economic Area, thus allowing it to diversify from
fishing to economic and financial
services. | ||
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