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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Iceland & European Union (EU)

Iceland Flag svg European Union (EU) Flag svg

Iceland vs European Union (EU)

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Iceland European Union (EU)
World map with selected countries highlighted.
World Rank 34 4.36
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 The European Union is a political and economic union of 27 member states that are located in Europe. Its members have a total land coverage of 4,233,255 square kilometers. The population of the EU is about 447 million. List of member states: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany,Greece Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden. More about European Union (EU)

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Iceland European Union (EU)
Position in the ranking of countries
GDP [US$] 25,602,419,210 17,177,419,592,825
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))

Iceland European Union (EU)
Position in the ranking of countries
GNI [US$] 24,377,259,095 17,265,699,183,045
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)

Iceland European Union (EU)
Position in the ranking of countries
External balance [US$] -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)

Iceland European Union (EU)
Position in the ranking of countries
Unemployment [%] 6.02 7.00
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)

Iceland European Union (EU)
Position in the ranking of countries
Population 372,520 447,199,800
Percentage of the other

Population growth (annual %)

Density

Gender

Demography