For a rundown, the 11 characters of the official Disney Princess franchise are Snow White (age 14), Jasmine (15), Ariel (16), Aurora (16), Mulan (16), Merida (16), Belle (17), Pocahontas (18), Rapunzel (18), Cinderella (19) and Tiana (19).
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Say the names quickly in sequence to hear the similarity. According to Jennifer Lee, Anna is 18 years old in the film, while both Elsa and Kristoff are 21 years old and Hans is 23 years old.
As per the Frozen Wiki, Elsa's official height is 5'7. Based on the movies, where Olaf is roughly half of Elsa's height, that would place the snowman right around 2'8 - which is much closer to his appearance in the Frozen films.
On February 8, 2023, Disney CEO Bob Iger confirmed that Frozen 3 is in the works, along with Toy Story 5 and Zootopia 2. While news of a third Frozen film was a welcome one, we have yet to hear more details about the movie or see a trailer.