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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

Table of Contents

Economy power of Iceland & Turkey

Iceland Flag svg Turkey Flag svg

Iceland vs Turkey

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Iceland Turkey
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World Rank 34 4.36 World Rank 21 6.32
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 Turkey is a nation located in two continents, namely Asia and Europe. Being a transcontinental country, it is bordered by such European nations such as Greece and Bulgaria, as well as states located in Western Asia, including Georgia, Armenia, Azerbaijan, Iran, Iraq, and Syria. As a result, it has a large number of bordering nations. Although it is Istanbul which is the largest city, its capital is Ankara. More about Turkey

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Iceland Turkey
Position in the ranking of countries
GDP [US$] 25,602,419,210 819,035,182,929
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 Turkey
Position in the ranking of countries
GNI [US$] 24,377,259,095 807,006,172,670
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 Turkey
Position in the ranking of countries
External balance [US$] -457,200,418 -1,874,728,532
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 Turkey
Position in the ranking of countries
Unemployment [%] 6.02 11.98
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 Turkey
Position in the ranking of countries
Population 372,520 84,775,404
Percentage of the other

Population growth (annual %)

Density

Gender

Demography