Independent for over 300 years, Iceland was subsequently ruled by Norway and Denmark. Fallout from the Askja volcano of 1875 devastated the Icelandic economy and caused widespread famine. Over the next quarter century, 20% of the island's population emigrated, mostly to Canada and the USA. Limited home rule from Denmark was granted in 1874 and complete independence attained in 1944. Literacy, longevity, income and social cohesion are first-rate by world standards.
Iceland is in the Western European Time Zone. Western European Standard Time (WET) is Greenwich Mean Time (GMT).
Unlike most states in Europe, Summer (Daylight-Saving) Time is NOT observed in Iceland.