Iceland vs Norway: Economic Outlook No 115 — Private final consumption expenditure
Economic Outlook No 115 — Private final consumption expenditure over time
- Iceland
- Norway
How they compare
Norway currently reports 1.76 trillion against 1.65 trillion in Iceland, a difference of 109.05 billion.
That makes Norway's figure about 1.1 times Iceland's.
The two have swapped places 2 times across 66 shared years of data; in 1960 it was Norway ahead.
Iceland ranks 16th and Norway ranks 14th of 38 countries.
Norway has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 226.45 billion | 339.55 billion | 113.10 billion | Norway |
| 1970s | 406.01 billion | 493.32 billion | 87.31 billion | Norway |
| 1980s | 620.99 billion | 652.40 billion | 31.41 billion | Norway |
| 1990s | 709.15 billion | 804.83 billion | 95.69 billion | Norway |
| 2000s | 1.04 trillion | 1.15 trillion | 111.60 billion | Norway |
| 2010s | 1.18 trillion | 1.52 trillion | 346.26 billion | Norway |
| 2020s | 1.54 trillion | 1.68 trillion | 141.70 billion | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 115 — private final consumption expenditure, Iceland or Norway?
- Norway, at 1.76 trillion against 1.65 trillion in Iceland as of 2025.
- What is the difference in economic outlook no 115 — private final consumption expenditure between Iceland and Norway?
- 109.05 billion, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 66 years are reported by both, from 1960 to 2025.
- How do Iceland and Norway rank globally for economic outlook no 115 — private final consumption expenditure?
- Iceland ranks 16th and Norway ranks 14th of 38 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 115 — Private final consumption expenditure, volume. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
May 2024 - The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2024), OECD Economic Outlook No 115 (Edition 2024/1) EO115 Database documentation EO115 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP