Introduction and overview of the country

Iceland is an island nation in the North Atlantic Ocean. Located at the intersection of the Atlantic and Arctic oceans, it is one of the five northern European countries with a land area of 103,000 square kilometers and a population of about 340,000. It is the country with the lowest population density in Europe. The capital, Reykjavik, is the largest city in Iceland, a highly developed capitalist country with a Nordic welfare system of state-provided health insurance and higher education. Iceland ranked 13th on the UN’s Human Development Index in 2014.