exodus from the countryside to the towns. Commerce and service industries grew to be the primary employers in Akureyri in the 1990s. Jón Sveinsson, a popular author of children's books, was born in Akureyri and died in 1944.
In the early 21st century, fishing industries have become more important in Akureyri as two of the major fishing companies of Iceland have become a more important source of revenue and are expected to grow further in coming years. The University of Akureyri was founded in 1987 and is growing rapidly. Akureyri is also the home of RES - The School for Renewable Energy Science.
Since 2004, the former municipality of Hrísey, an island 35 km to the north, has been a part of Akureyri. Hrísey, which has a population of 210, is the second largest island off Iceland and is a site for pet and livestock quarantine. The settlement was previously the site of fishing processing. The town is located on the southern part of the island. The northern part consists on privately owned land that requires passes to enter
