Islands Compared

Iceland's nominal gross domestic product (GDP) is approximately $35 billion to $38.5 billion, with recent estimates reaching up to $43.8 billion according to international monetary projections.Economic IndicatorsNominal GDP: $38.58 billion (recent annual recorded figure via Trading Economics)GDP Per Capita: Over $91,000 to $110,000 depending on current IMF scaling and population adjustmentsGDP Growth Rate: Projected between 1.6% and 1.9% Singapore's nominal GDP is approximately $659.57 billion for 2026, driven by recent quarterly growth of 5.7% year-on-year in Q2 2026.Recent Economic PerformanceQ2 2026 Growth: Expanded by 5.7% year-on-year (moderating from 6.3% in Q1).Manufacturing Sector: Grew strongly by 12.2% year-on-year in Q2 2026, fueled by AI-related semiconductor demand.Full-Year Forecast: The Ministry of Trade and Industry projects 2026 growth between 2.0% and 4.0% Newfoundland and Labrador's nominal GDP reached $42.2 billion in 2024, representing a 4.60% increase from 2023.Economic indicators and projections show:GDP Per Capita: Approximately $77,201 CAD (2024).Real GDP Growth Forecast: Projected at 5.5% for 2026, driven heavily by oil, mineral production, and resource development.Key Drivers: Offshore oil, mining (nickel and gold), fish landings, and growing aquaculture output. NL's GDP is only 15.5% that of Singapre. In other words, Singapore is 85% more economically prosperous than NL. PG