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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Austria & Iceland

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Austria vs Iceland

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Austria Iceland
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World Rank 29 4.75 World Rank 34 4.36
The Republic of Austria is a country located on the terrain of Eastern Alps. As a result, the nation is part of Central Europe. As in the case of Germany, Austria is composed of nine federated states. The land area of Austria covers almost 84.000 square kilometers, which is one of the smallest regions in Europe. Interestingly, the official language in Austria is German. But in most informal situations the citizens speak Bavarian dialects. More about Austria Iceland is located in the North Atlantic Ocean and it is considered to be a Nordic island country. The place is well known for its volcanic and geological activity. It is also the most sparsely populated country in the entire Europe due to very small population and considerably large land area of 102,885 square kilometers. The nation is governed by President Guðni Th. Jóhannesson and Prime Minister Katrín Jakobsdóttir.  More about Iceland

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Austria Iceland
Position in the ranking of countries
GDP [US$] 480,368,403,893 25,602,419,210
Percentage of the other

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

Gross national income (GNI, Inflation)

Gross national income

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(United States of America (USA))

Austria Iceland
Position in the ranking of countries
GNI [US$] 482,527,650,085 24,377,259,095
Percentage of the other

Gross national income per capita

Inflation consumer prices (annual %)

International trade (Export, Import)

External balance on goods and services

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(China)

Austria Iceland
Position in the ranking of countries
External balance [US$] 2,778,091,404 -457,200,418
Percentage of the other

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

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(South Africa)

Austria Iceland
Position in the ranking of countries
Unemployment [%] 6.18 6.02
Percentage of the other

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)

Population (total, growth, density, demgraphy)

Total population

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(China)

Austria Iceland
Position in the ranking of countries
Population 8,955,797 372,520
Percentage of the other

Population growth (annual %)

Density

Gender

Demography