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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Iceland & North Macedonia

Iceland Flag svg North Macedonia Flag svg

Iceland vs North Macedonia

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Iceland North Macedonia
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World Rank 34 4.36 World Rank 166 1.09
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 Republic of North Macedonia is also referred to as North Macedonia. Interestingly, it was renamed not that long ago, because in 2019, due to disputes over the name "Macedonia". Located in Southeast Europe, it is a landlocked country with Bulgaria, Greece, Albania, Serbia, Bulgaria, and Kosovo as neighbours. More about North Macedonia

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Iceland North Macedonia
Position in the ranking of countries
GDP [US$] 25,602,419,210 13,825,049,831
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 North Macedonia
Position in the ranking of countries
GNI [US$] 24,377,259,095 13,208,529,986
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 North Macedonia
Position in the ranking of countries
External balance [US$] -457,200,418 -2,217,460,313
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 North Macedonia
Position in the ranking of countries
Unemployment [%] 6.02 15.78
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 North Macedonia
Position in the ranking of countries
Population 372,520 2,065,092
Percentage of the other

Population growth (annual %)

Density

Gender

Demography