Government Iceland is a constitutional republic with a multi- party system. It has a head of state which is the president. It has the oldest parliament, it started in 930.
Every 4 years the electorate chooses 63 representatives to be in the Althingi. Anyone who can vote can stand for parliament. Following each election the president allows that leader of a political party to form a cabinet. A cabinet of ministers stay until the next election and can vote in parliament.