Iceland is a island located in the northern parts of the Atlantic ocean. The population of the country is only 320,000 people. The capital city is Reykjavik with around 120,000 inhabitants. Iceland is a volcanically and geologically active area characterized by sand fields, mountains, and glaciers. Iceland was inhabited for the first time by Norsemen in AD 874.
Student placement in Iceland, former fishing community.
Iceland has a free market economy and part of the European Economic Area. The country has a low tax rate despite having the Nordic welfare system, which includes services such as universal health care. The economic crisis in 2008 caused a total crash in the nation’s banking system, but nowadays the country’s economy is recovering quickly which makes internships in Iceland particularly enticing.