This is the soundtrack to a documentary into the Icelandic music scene, made in the 1980s.
In essentials it is a best of album..for an entire country. This covers music merging on rock, to ambient/electro. I can't list the tracks here, on a english keyboard...but I've pasted a comprehensive track list into the item description.
This album is hard to come by and can be specially ordered, if not downloaded. Icelandic music is an aquired taste, but those who like it will love this album.