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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Iceland & Italy

Iceland Flag svg Italy Flag svg

Iceland vs Italy

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Iceland Italy
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World Rank 34 4.36 World Rank 12 9.33
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 Italian Republic is one of the largest and most important nations in Europe. Its borders are mostly determined by natural obstacles in the forms of the Alps from the north. There are three different seas in other directions, such as Adriatic, Ionian, and Tyrrhenian seas. Interestingly, though the city of Rome is most populous in the country, the region of Lombardy with the regional capital city of Milan has the greatest number of population out of all other Italian regions. More about Italy

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Iceland Italy
Position in the ranking of countries
GDP [US$] 25,602,419,210 2,107,702,842,669
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 Italy
Position in the ranking of countries
GNI [US$] 24,377,259,095 2,145,466,912,852
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 Italy
Position in the ranking of countries
External balance [US$] -457,200,418 49,667,760,033
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 Italy
Position in the ranking of countries
Unemployment [%] 6.02 9.50
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 Italy
Position in the ranking of countries
Population 372,520 59,109,668
Percentage of the other

Population growth (annual %)

Density

Gender

Demography