Iceland is a European country with a population of 357,050. With an area of 103,000 square kilometers, it is the most sparsely populated country of the continent. The country is known for its volcanos that erupt every few years. The eruptions are small and therefore not harmful to the people. They are also very beautiful to look at from a distance. Iceland is called the land of fire and ice due to its icy mountains and lava-filled volcanoes. It came under Danish rule in 1523 and it wasn’t until after the French Revolution that this country declared independence in 1918. It relied heavily on fishing and agriculture until the 20th century.
The economy of Iceland today is considered remarkable by many analysts. It offers a universal healthcare system to its citizens. On the Global Peace Index, it ranks first. United Nations’ Human Development Index declared this country the sixth most developed country in the world in 2018. The country is known for its various social features like equality, social and democratic stability. Since a law took effect in 2018, it has become illegal in this land for employers to pay women less than men.