Reykjavík is the capital and largest city of Iceland. It is located in southwestern Iceland. Its latitude is 64°08' N, making it the world's northernmost capital of a sovereign state. With a population of around 123,300 (and over 216,940 in the Capital Region), it is the heart of Iceland's cultural, economic and governmental activity, and is a popular tourist destination.
Reykjavík has been at the centre of Iceland's economic growth and subsequent economic contraction after a severe banking collapse in 2008, a period referred to in foreign media as the "Nordic Tiger" years, or "Iceland's Boom Years". The economic boom led to a sharp increase in construction. Many of these projects came to a screeching halt in the following economic crash of 2008.
Tourism is one of the fastest growing sectors in Iceland with incoming tourists going from 300.000 in 2003 to almost 1.800.000 in 2016.
With is abundant supply of green, renewable energy; Reykjavik Capital Area is positioning itself as a prime location for international data centers. Iceland is in the enviable position of still having untapped renewable energy to sell to the world via both geothermal and hydroelectric means, and Iceland has been developing good ICT connection to both Europe and North America via submarine cables.