Iceland would be the smallest country in the bloc, with only around 400,000 inhabitants. But from an economic point of view, Iceland is richer than Malta. Its GDP is around €34bn, whereas Malta, the current smallest member, is at around €20bn. Iceland’s economy is largely driven by tourism, services and the fishing industry.

Iceland will go to the polls on Sunday to decide whether to resume talks on EU membership. In case of a “yes” win, Iceland will become the 11th country aspiring to join the bloc.…

Iceland would be the smallest country in the bloc, with only around 400,000 inhabitants. But from an economic point of view, Iceland is richer than Malta. Its GDP is around €34bn,…