Iceland is an island country located in the North Atlantic Ocean, not far from Greenland. The first settlers arrived in Iceland from Norway in the 9th century, establishing the world's oldest existing parliament, called the Althing, in 930. Iceland gained independence from Denmark in 1944. Reykjavik is the capital and largest city. Iceland has a population of around 318,000 and its economy relies on fishing and fish processing. The climate is temperate for its high latitude due to the Gulf Stream, with average temperatures ranging from just above freezing in winter to 10-25 degrees Celsius in summer.