arty 37.1%, Progressive
Party 23.3%, Social Democratic Party 11.4%, Socialists 14.3%, People's
Movement 7.2%, Women's Party 4.9%; seats - (63 total) Independence 25,
Progressive 15, Social Democratic 7, Socialists 9, People's Movement
4, Women's Party 3

Judicial branch: Supreme Court (Haestirettur)

Political parties and leaders: Independence Party (conservative),
David ODDSSON; Progressive Party, Halldor ASGRIMSSON; Social
Democratic Party, Jon Baldvin HANNIBALSSON; People's Alliance (left
socialist), Olafur Ragnar GRIMSSON; Women's Party; People's Movement
(moderate left); National Awakening, Johanna SIGURDARDOTTIR

Member of: Australia Group, BIS, CCC, CE, EBRD, ECE, EFTA, FAO, GATT,
IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IFC, IFRCS, ILO, IMF, IMO,
INMARSAT, INTELSAT, INTERPOL, IOC, ISO, ITU, MTCR, NACC, NATO, NC,
NEA, NIB, OECD, OSCE, PCA, UN, UNCTAD, UNESCO, UNU, UPU, WEU
(associate), WHO, WIPO, WMO

Diplomatic representation in US:
chief of mission: Ambassador Einar BENEDIKTSSON
chancery: Suite 1200, 1156 15th Street NW, Washington, DC 20005
telephone: [1] (202) 265-6653 through 6655
FAX: [1] (202) 265-6656
consulate(s) general: New York

US diplomatic representation:
chief of mission: Ambassador Parker W. BORG
embassy: Laufasvegur 21, Box 40, Reykjavik
mailing address: US Embassy, PSC 1003, Box 40, Reykjavik; FPO AE
09728-0340
telephone: [354] (1) 629100
FAX: [354] (1) 629139

Flag: blue with a red cross outlined in white that extends to the
edges of the flag; the vertical part of the cross is shifted to the
hoist side in the style of the Dannebrog (Danish flag)

@Iceland:Economy

Overview: Iceland's Scandinavian-type economy is basically
capitalistic, but with an extensive welfare system, relatively low
unemployment, and comparatively even distribution of income. The
economy is heavily dependent on the fishing industry, which provides
nearly 75% of export earnings and employs 12% of the work force. In
the absence of other natural resources - except energy - Iceland's
economy is vulnerable to changing world fish prices. The economy, in
recession since 1988, began to recover in 1993, posting 0.4% growth,
but was still hampered by cutbacks in fish quotas as well as falling
world prices for its main exports: fish and fish products, aluminum,
and ferrosilicon. Real GDP grew by perhaps 2.4% in 1994. The
center-right government plans to continue its policies