Location of the Municipality of Bæjarhreppur
(1 December 2007)
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It is a minor commercial centre for nearby farms. The population on 15 July 2018 was 16
The hamlet is a part of the municipality Bæjarhreppur which is one of the smallest in Iceland with a population of 100 in 2010. The municipality covers the west part of Hrútafjörður fjord. In Borðeyri there is a pre-school and an elementary school, a garage and a guesthouse.