Parliamentary elections were held in Iceland on 8 April 1995.^[1] They were the first elections after the Althing became a unicameral parliament in 1991.^[2] The Independence Party remained the largest party, winning 25 of the 63 seats.^[2] The coalition government of the Independence Party and Progressive Party remained in office, with Davíð Oddsson continuing as Prime Minister.

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1995 Icelandic parliamentary election

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All 63 seats in the Althing

Party Leader % Seats +/– Independence Davíð Oddsson 37.07 25 −1 Progressive Halldór Ásgrímsson 23.32 15 +2 People's Alliance Ólafur Ragnar Grímsson 14.30 9 0 Social Democratic Jón Baldvin Hannibalsson 11.42 7 −3 National Awakening Jóhanna Sigurðardóttir 7.15 4 New Women's List 4.87 3 −2 This lists parties that won seats. See the complete results below. Prime Minister before Prime Minister after election Davíð Oddsson Independence Davíð Oddsson Independence

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Compared to prior elections where eight seats were to be allocated to the constituencies before the election in order to reflect population and one seat could be allocated after the election, all seats were allocated before the election to constituencies.^[3]