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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Iceland & Rwanda

Iceland Flag svg Rwanda Flag svg

Iceland vs Rwanda

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Iceland Rwanda
World map with selected countries highlighted.
World Rank 30 4.64 World Rank 98 1.9
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 Rwanda is located in the central region of Africa, where we can notice the African Great Lakes. It is one of the smallest nations in mainland Africa with such border partners as Uganda, Tanzania, Burundi, and the Democratic Republic of the Congo. The nation is also known as the "land of thousand hills" because of its above average elevation. More about Rwanda

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Iceland Rwanda
Position in the ranking of countries 101 (2023) 133 (2023)
GDP [US$] 31,325,116,556 14,097,768,472
Percentage of the other 222.2 % 45 %

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 Rwanda
Position in the ranking of countries 100 (2023) 132 (2023)
GNI [US$] 31,871,436,144 13,817,608,901
Percentage of the other 230.7 % 43.4 %

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 Rwanda
Position in the ranking of countries 59 (2023) 101 (2023)
External balance [US$] 154,336,257 -2,134,773,595
Percentage of the other -7.2 % -1383.2 %

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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(Eswatini)

Iceland Rwanda
Position in the ranking of countries 59 (2023) 101 (2023)
Unemployment [%] 3.11 11.99
Percentage of the other 25.9 % 385.5 %

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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(India)

Iceland Rwanda
Position in the ranking of countries 169 (2023) 74 (2023)
Population 393,349 13,954,471
Percentage of the other 2.8 % 3547.6 %

Population growth (annual %)

Density

Gender

Demography