Social
Affairs
In Iceland
 Since World War II Iceland has enjoyed a high
standard of living, comparable to that of the
other Nordic countries. From 1901 to 1960 real
national income rose ten-fold with an annual
average rate of growth just over 4 percent. During
this period the national economy underwent
dramatic changes, transforming from a subsistence
economy into an exchange economy through rapid
urbanization and other features of
industrialization. Today, the living standard is
among the best in the world and per capita income
is comparable to that of the United States.
The quality of housing in Iceland is very high,
while the road system in the countryside is
comparatively poorer than in neighboring
countries. This is mainly due to the large size of
the country and the small population.
|
