At $54,100, the per capita income of Iceland is the world's eighth highest.
Iceland has a very healthy power sector which helps it be a highly industrialised country. Apart from manufacturing, the nation is also taking big strides in the fields of software generation, biotechnology, tourism, and financial services.
Image: A statue of the Viking legend Leiv Eriksson (R) and the tower of the landmark Hallgrim church are silhouetted in Reykjavik, the capital of Iceland. | Photograph: Odd Andersen/AFP/Getty Images
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