We use cookies to personalise content and ads. You can change your cookie settings at any time. More info
CompareEconomy.com Comparison of world economies

Compare the economies of the countries

Table of Contents

Economy power of Iceland & Montenegro

Iceland Flag svg Montenegro Flag svg

Iceland vs Montenegro

Show map
Iceland Montenegro
World map with selected countries highlighted.
World Rank 30 4.64 World Rank 143 1.5
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 Also known as Black Mountain, Montenegro is a nation located on the Adriatic coast near the Balkans. It is bordered by Albania, Serbia, Croatia, and Bosnia and Herzegovina. Interestingly, the largest city in the nation and its capital covers 10% of its entire territory. It is also home for approximately 30% of the entire population. More about Montenegro

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

small flag
small flag

(United States of America (USA))

Iceland Montenegro
Position in the ranking of countries 101 (2023) 144 (2023)
GDP [US$] 31,325,116,556 7,530,593,375
Percentage of the other 416 % 24 %

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

small flag
small flag

(United States of America (USA))

Iceland Montenegro
Position in the ranking of countries 100 (2023) 143 (2023)
GNI [US$] 31,871,436,144 7,604,564,025
Percentage of the other 419.1 % 23.9 %

Gross national income per capita

Inflation consumer prices (annual %)

International trade (Export, Import)

External balance on goods and services

small flag
small flag

(China)

Iceland Montenegro
Position in the ranking of countries 59 (2023) 90 (2023)
External balance [US$] 154,336,257 -1,403,673,584
Percentage of the other -11 % -909.5 %

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)

small flag
small flag

(Eswatini)

Iceland Montenegro
Position in the ranking of countries 59 (2023) 90 (2023)
Unemployment [%] 3.11 14.10
Percentage of the other 22.1 % 453.4 %

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

small flag
small flag

(India)

Iceland Montenegro
Position in the ranking of countries 169 (2023) 162 (2023)
Population 393,349 616,177
Percentage of the other 63.8 % 156.6 %

Population growth (annual %)

Density

Gender

Demography