BTW, Armenia and Iceland have done very well in chess considering small country size although Iceland yet to produce any superstars in chess AFAIK.
Iceland is a funny case. The Armenians one can at least partly "blame" on Soviet chess tradition etc. But Iceland only has 300 000 inhabitants and no chess tradition at all from before the 20th century. No superstars, but twelve active GMs, and Olafsson played a Candidates where he won twice against Petrosian, Hjartarson won a Candidates match against Korchnoi etc.
As a comparison, Ireland has almost 5 million inhabitants, and their strongest player is in the 2400s (and "imported" from Russia).
BTW, Armenia and Iceland have done very well in chess considering small country size although Iceland yet to produce any superstars in chess AFAIK.