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Iceland (Icelandic: Ísland, pronounced ⓘ) [d] is a Nordic island country between the North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge between North America and Europe. It is culturally and politically linked with Europe and is the region's westernmost and most sparsely populated country . [ 12 ]
Iceland is: a Nordic island country; Land boundaries: none; Coastline: 4,970 km; Population of Iceland: 319,326 people (April 2009 estimate) - 172nd most populous country; Area of Iceland: 103,000 km 2 (40,000 sq mi) - 107th largest country; Atlas of Iceland
Iceland: Among the most frequently cited features of Iceland's geography is its position atop the Mid-Atlantic Ridge, which runs beneath the island. This ridge divides Iceland between the two continental plates, although the country identifies with Europe for political and economic reasons. [81]
Iceland's foreign net debt accounts for close to five times of its GDP. This means that Iceland owes the surrounding world values corresponding to five times the country's total production. Sweden also had foreign debts by the end of 2010, but at a much smaller scale. In 2012, all Nordic countries had a surplus on the total balance of payments.
Iceland is an island country at the confluence of the North Atlantic and Arctic oceans, east of Greenland and immediately south of the Arctic Circle, atop the constructive boundary of the northern Mid-Atlantic Ridge. The island country is the world's 18th largest in area and one most sparsely populated.
Mid-Atlantic Ridge and adjacent plates. Volcanoes indicated in red.. In geological terms, Iceland is a young island. It started to form in the Miocene era about 20 million years ago from a series of volcanic eruptions on the Mid-Atlantic Ridge, where it lies between the North American Plate and Eurasian Plate.