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Iceland is a parliamentary democracy governed under the constitution of 1944. It has a cabinet responsible to the unicameral parliament (the Althing) and a president elected by popular vote for a four-year term. The four major parties are the Independence, the Progressive, the Social Democratic, and the People's Alliance. Iceland is divided into 23 counties.
The republic possesses neither an army nor a navy. The government plays a major part in the economic life of the country and has established monopolies on the import and sale of several important articles. Social welfare legislation is extensive.
The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2007, Columbia University Press. All rights reserved.