Is it possible to buy a country?

While there's no guarantee that a country would vote you as their leader for the right amount of money, this question can still be answered with economics. When buying a business, a common formula is to take annual gross sales and add 10%. Therefore, if you were selling a hardware store that grossed 500,000 dollars annually, you would sell it for $550,000.

If we transferred that formula to a country, for example, Iceland, we would take the annual GDP (Gross Domestic Product) of Iceland and add 10%.

Iceland's annual GDP is currently around 19 billion dollars (14 billion euros). So 19 billion + 10% = 20.9 billion dollars.