Icelandic politics operates within a parliamentary system, where the Althing serves as the national parliament. It consists of 63 members elected every four years, representing various political parties. The Prime Minister is the head of government, while the President serves as the ceremonial head of state. The political landscape in Iceland is characterized by a multi-party system, with parties ranging from left-wing to right-wing ideologies. Key issues often include environmental policies, economic stability, and social welfare. The country is known for its high levels of political participation and transparency in governance.