 Iceland has a relatively young population for a developed country, with one out of five people being 14 years old or younger.With a fertility rate of 2.1, Iceland is one of only a few European countries with a birth rate sufficient for long-term population growth (see table below).In December 2007, 33,678 people (13.5% of the total population) living in Iceland had been born abroad, including children of Icelandic parents living abroad.