commodities—machinery and transportation equipment, petroleum, foodstuffs, textiles;
partners—EC 49.8% (FRG 12.4%, Denmark 8.6%, UK 8.1%), US 14.4%, Japan 5.6%
_#_External debt: $3 billion (1990)
_#_Industrial production: growth rate - 0.8% (1988 est.); accounts for 22% of GDP
_#_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 1.4 million metric tons in 1989
_#_Economic 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—55.216 (January 1991), 58.284 (1990), 57.042 (1989), 43.014 (1988), 38.677 (1987), 41.104 (1986), 41.508 (1985)