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Reykjavík is the capital and largest city of Iceland. Reykjavík is the only metropolitan area in Iceland. As a highly modernized capital of one of the most developed countries in the world, its inhabitants enjoy a first-class welfare system and city infrastructure.Iceland is an island between the Greenland Sea and the North Atlantic Ocean, northwest of the United Kingdom. Temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers. Mostly plateau interspersed with mountain peaks, ice fields; coast deeply indented by bays and fiords.The official language is Icelandic. Most people, particularly the younger generation, also speak English and Danish. The main religion is Christianity.The economy of Iceland is a small mixed economy with high levels of free trade and government intervention and subject to high volatility.The population in Reykjavik is 0.202 Mil (2014 est.), while the inflation rate is 2.4% (2014 est.).