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The Arctic ice pack is the sea ice cover of the Arctic Ocean and its vicinity. The Arctic ice pack undergoes a regular seasonal cycle in which ice melts in spring and summer, reaches a minimum around mid-September, then increases during fall and winter. Summer ice cover in the Arctic is about 50% of winter cover. [1]
Dettifoss, located in northeast Iceland. It is the second-largest waterfall in Europe in terms of volume discharge, with an average water flow of 200 m 3 /s. Iceland is an island country in Northern Europe, straddling the Eurasian and North American plates between the Greenland Sea and the North Atlantic Ocean, northwest of the British Isles.
Thunderstorms, however, are very rare in Iceland, and there are less than five of them per year. [5] In June, Iceland's average daily temperatures range from 8 °C (46 °F) to 16 °C (61 °F). [9] Summer conditions vary in Norway depending on location. The Norwegian coast has cooler summers than areas further inland.
The average July temperature in the southern part of the island is 10–13 °C (50–55 °F). Warm summer days can reach 20–25 °C (68–77 °F). [4] The highest temperature recorded was 30.5 °C (86.9 °F) in the Eastern fjords in 1939.
Iceland's stock market, the Iceland Stock Exchange (ISE), was established in 1985. [152] Iceland is ranked 27th in the 2012 Index of Economic Freedom, lower than in prior years but still among the freest in the world. [153] As of 2016, it ranks 29th in the World Economic Forum's Global Competitive Index, one place lower than in 2015. [154]
The United States Army abandons the military base in Keflavík, thus ending a 55-year U.S. military presence in Iceland. [citation needed] 2008: 29 May: A doublet earthquake strikes southern Iceland with a composite magnitude of 6.1 M W. [39] September: Iceland faces financial crisis following the collapse of the country's three major ...