The Republic of Iceland ( English: The Republic of Iceland ), the Nordic countries, west across the Denmark Strait and the Greenland Sea, East and north of Weihai, the Greenland Sea, south of the Atlantic. The capital city of Reykjavik. Geographically Iceland is frequently regarded as a member of the Nordic countries. Today Iceland is a highly developed countries, ranking first in the world, as well as the human development index (2009). Iceland is the UN, NATO, the European Free Trade Association, the European economic area, Council of Europe and the organization for economic cooperation and development of member states. But due to the outbreak of the economic crisis in Europe in 2009, Iceland hardest hit by the British, when large numbers of government bonds, to a British Iceland into Iceland, currency devaluation, the2011 average per capita ranked GDP has returned to twentieth.