Statement:
Mongolia has lower GDP than Iceland

In the Richest countries rating Mongolia holds position #117 ²⁰²⁰ out of 191 and Iceland is #11 out of 191 ²⁰²⁰.
Position of Mongolia is worse than position of Iceland.

Referencies:

1. Richest countries ²⁰²⁰ by World Bank

   The countries in the rating sorted by 'GDP per capita (current US$)' in descending order.

   Iceland	'GDP per capita (current US$)' value is	59,264.03
   Mongolia	'GDP per capita (current US$)' value is	4,060.95