It's the first time Iceland's government has more women than men, becoming the fourth in the world to achieve this milestone.
Furthermore, all the country's party leaders are women. It is also the first time the country has both a female president - Halla Tómasdóttir - and a female prime minister: Kristrún Frostadóttir, leader of the centre-left Social Democratic Alliance.
Frostadóttir, 36, becomes the country's youngest prime minister, and the world's youngest currently sitting prime minister, according to the Icelandic public service company Rúv.
She was born in Reykjavík, got a bachelor's degree from the University of Iceland, a master's degree in international studies from Yale Jackson School of Global Affairs (formerly the Yale University Jackson Institute for Global Affairs), and from Boston University a master's degree in economics. She was elected to the Althing in the 2021 parliamentary election.
The Althing (Icelandic for 'general meeting') is the supreme national parliament of Iceland and is the oldest surviving parliament in the world, having been founded in 930 at Þingvellir ('thing fields' or 'assembly fields'), about 45 km east of what later became the country's capital, Reykjavík.
Frostadóttir's new government plans to focus on bringing down inflation and interest rates, and aims to reduce the number of ministries by one in order to cut administrative costs, says Reuters. It also plans to formulate a parliamentary resolution to put the question of EU membership to a referendum, which they hope will take place no later than 2027.
According to the UN, only six other countries have 50 percent or more women in parliament in single or lower houses: Rwanda (61 percent), Cuba (56 percent), Nicaragua (54 percent), and Andorra, Mexico, New Zealand and the United Arab Emirates all on 50 percent.