b'5.1.2. Case Study: IcelandTable 43 Icelands trade agreementsCountryGDPChina$23,160billionMexico$2,458billionTurkey$2,173billionCanada$1,769billionEgypt$1,201billionSouth Africa Customs Union (Sum of 2014 GDPs$848 billion for Botswana, Lesotho, Namibia, Swaziland, and SouthAfrica)Algeria$632 billionSingapore$527 billionSwitzerland$517 billionChile$451 billionPeru$424 billionNorway$380 billionIsrael$316 billionMorocco$298 billionTunisia$135 billionSerbia$105 billionCroatia$101 billionJordan$89 billionKorea$40 billionLebanon$87 billionMacedonia$31 billionGreenland$2.4 billionPalestinian Authority (West Bank and Gaza)$12.74billionSource: CIA World Factbook 201793'