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1974 Icelandic parliamentary election

Parliamentary elections were held in Iceland on 30 June 1974. The Independence Party remained the largest party in the Lower House of the Althing, winning 17 of the 40 seats. They formed a coalition with the Progressive Party and Independence Party leader Geir Hallgrímsson was elected Prime Minister.

Following the 1971 elections, a coalition government had been formed by the Progressive Party, People's Alliance and Union of Liberals and Leftists with the Progressives' Ólafur Jóhannesson as Prime Minister.

Early elections were triggered by the collapse of the coalition due to a petition to reconsider a policy that would close the United States naval base in Keflavik.

Party	Votes	%	Seats
	Independence Party	48,764	42.73	17	+2	8	+1
	Progressive Party	28,381	24.87	11	0	6	0
	People's Alliance	20,924	18.34	7	0	4	+1
	Social Democratic Party	10,345	9.07	3	–1	2	0
	Union of Liberals and Leftists	5,245	4.60	2	–1	0	–2
	Revolutionary Communist League	200	0.18	0	New	0	New
	Communist Movement – Marxists-Leninists	121	0.11	0	New	0	New
	Democratic Party in Reykjavík	67	0.06	0	New	0	New
	Democratic Party in the North East	42	0.04	0	New	0	New
	Democratic Party in Reykjanes	19	0.02	0	New	0	New
Total	114,108	100.00	40	0	20	0

114,108	98.73
1,467	1.27
115,575	100.00
126,388	91.44
Source: Nohlen & Stöver

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