Georgia is about 1.5 times smaller than Iceland.

Iceland is approximately 103,000 sq km, while Georgia is approximately 69,700 sq km, making Georgia 67.67% the size of Iceland. Meanwhile, the population of Iceland is ~357,603 people (4.6 million more people live in Georgia).
This to-scale comparison of Iceland vs. Georgia uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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