Iceland is 51% larger than Tasmania (Australia).
Area: 103,000 km2 World Factbook
Population: 317,351 (July 2014) World Factbook
Iceland is a Nordic country between the North Atlantic and the Arctic Ocean. It has a population of 325,671 and an area of 103,000 km², making it the most sparsely populated country in Europe. Wikipedia
Tasmania is an island state, part of the Commonwealth of Australia, located 240 kilometres to the south of the Australian continent, separated by Bass Strait. The state includes the island of Tasmania, the 26th largest island in the world, and the surrounding 334 islands. Wikipedia