Iceland
Iceland Iceland / is a European island nation in the North Atlantic Ocean, on the central Atlantic Rim. Its population is 320,000 people and its total area is 103,000 km2. Its capital is Reykjavik and is the largest city in the country, as it and the southwestern regions are home to more than two-thirds of the country's population. Iceland is a volcanically and geologically active country The Icelandic economy is a free market economy with low taxes compared to the rest of the OECD countries, while maintaining the social welfare system in the northern countries providing free health care for all and education through to tertiary education In recent years, Iceland has become one of the richest and most developed countries in the world. In 2010, it was ranked 14th among the developed countries in the world, according to the United Nations Human Development Report, and the fourth largest by country in the world In 2008 the Icelandic banking system collap...