Armenia is about 3.5 times smaller than Iceland.

Iceland is approximately 103,000 sq km, while Armenia is approximately 29,743 sq km, making Armenia 28.88% the size of Iceland. Meanwhile, the population of Iceland is ~392,404 people (2.7 million more people live in Armenia).
Tip: This to-scale comparison of Iceland vs. Armenia uses the Mercator projection, which distorts the size of regions near the poles.
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