New Mexico is about 3 times bigger than Iceland.

Iceland is approximately 103,000 sq km, while New Mexico is approximately 314,310 sq km, making New Mexico 205% larger than Iceland. Meanwhile, the population of Iceland is ~357,603 people (1.7 million more people live in New Mexico).
This to-scale comparison of Iceland vs. New Mexico uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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