Parliamentary elections were held in Iceland on 25 June 1978.^[1] The Independence Party remained the largest party in the Lower House of the Althing, winning 14 of the 40 seats.^[2] Following the election a coalition was formed between the People's Alliance, Social Democratic Party and the Progressive Party with Ólafur Jóhannesson as Prime Minister.

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1978 Icelandic parliamentary election

← 1974 25 June 1978 1979 →
All 40 seats in the Lower House and 20 seats in the Upper House of Althing
Turnout	90.27%
Party Leader % Seats +/– Upper House Independence Geir Hallgrímsson 32.72 6 −2 People's Alliance Lúdvik Jósepsson 22.87 5 +1 Social Democratic Benedikt Gröndal 22.02 5 +3 Progressive Ólafur Jóhannesson 16.90 4 −2 Lower House Independence Geir Hallgrímsson 32.72 14 −3 People's Alliance Lúdvik Jósepsson 22.87 9 +2 Social Democratic Benedikt Gröndal 22.02 9 +6 Progressive Ólafur Jóhannesson 16.90 8 −3 This lists parties that won seats. See the complete results below. Prime Minister before Prime Minister after Geir Hallgrímsson Independence Ólafur Jóhannesson Progressive

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