Iceland is an island located in the North Atlantic Ocean between Greenland and Norway. It is part of Europe and located entirely in the Northern Hemisphere. Iceland has a population of around 338,349 people and a total land area of 103,001 square km, about half the size of Australia's Northern Territory. The capital and largest city of Iceland is Reykjavik, home to over 120,000 people. Iceland has a wealthy economy fueled by natural resources like fishing. National sports include handball and celebrations include the Twelfth Night festival. Physical geography features glaciers, waterfalls, and the northern lights.