Iceland is 33% larger than Serbia.
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
Area: 77,474 km2 World Factbook
Population: 7,209,764 (July 2014) World Factbook
Serbia, officially the Republic of Serbia, is a country located at the crossroads of Central and Southeast Europe, covering the southern part of the Pannonian Plain and the central Balkans. Wikipedia