: $4.0 billion, per capita $16,200; real growth rate - 1.8% (1989 est.)

Inflation rate (consumer prices): 17.4% (1989 est.)

Unemployment rate: 1.3% (1989 est.)

Budget: revenues $1.5 billion; expenditures $1.7 billion,
including capital expenditures of $NA million (1988)

Exports: $1.4 billion (f.o.b., 1988);
commodities--fish and fish products, animal products, aluminum,
diatomite;
partners--EC 58.9% (UK 23.3%, FRG 10.3%), US 13.6%,
USSR 3.6%

Imports: $1.6 billion (c.i.f., 1988);
commodities--machinery and transportation equipment, petroleum,
foodstuffs, textiles;
partners--EC 58% (FRG 16%, Denmark 10.4%, UK 9.2%), US 8.5%,
USSR 3.9%

External debt: $1.8 billion (1988)

Industrial production: growth rate 4.7% (1987 est.)

Electricity: 1,063,000 kW capacity; 5,165 million kWh produced,
20,780 kWh per capita (1989)

Industries: fish processing, aluminum smelting, ferro-silicon production,
hydropower

Agriculture: accounts for about 25% of GDP (including fishing); fishing is
most important economic activity, contributing nearly 75% to export earnings;
principal crops--potatoes and turnips; livestock--cattle, sheep; self-sufficient
in crops; fish catch of about 1.6 million metric tons in 1987

Aid: US commitments, including Ex-Im (FY70-81), $19.1 million

Currency: krona (plural--kronur);
1 Icelandic krona (IKr) = 100 aurar

Exchange rates: Icelandic kronur (IKr) per US$1--60.751 (January 1990),
57.042 (1989), 43.014 (1988), 38.677 (1987), 41.104 (1986), 41.508 (1985)

Fiscal year: calendar year

- Communications
Highways: 12,343 km total; 166 km bitumen and concrete; 1,284 km
bituminous treated and gravel; 10,893 km earth

Ports: Reykjavik, Akureyri, Hafnarfjordhur, Keflavik, Seydhisfjordhur,
Siglufjordur, Vestmannaeyjar; numerous minor ports

Merchant marine: 18 ships (1,000 GRT or over) totaling 62,867
GRT/87,610 DWT; includes 9 cargo, 2 refrigerated cargo, 1 container,
2 roll-on/roll-off cargo, 1 petroleum, oils, and lubricants (POL) tanker,
1 chemical tanker, 2 bulk

Civil air: 20 major transport aircraft

Airports: 99 total, 92 usable; 4 with permanent-surface runways;
none with runways over 3,659 m; 1 with runways 2,440-3,659 m;
14 with runways 1,220-2,439 m

Telecommunications: adequate domestic service, wire and radio
communication system; 135,000 telephones; stations--10 AM, 17 (43 relays) FM,
14 (132 relays) TV; 2 submarine cables; 1 Atlantic Ocean INTELSAT earth station

- Defe