Iceland vs Norway: Economic Outlook No 117 — General government consumption of fixed
Economic Outlook No 117 — General government consumption of fixed over time
- Iceland
- Norway
How they compare
Norway currently reports 210.93 billion against 115.09 billion in Iceland, a difference of 95.84 billion.
That makes Norway's figure about 1.8 times Iceland's.
Across all 47 years both countries report, Norway has been ahead every year.
Iceland ranks 8th and Norway ranks 6th of 27 countries.
Norway has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 794.24 million | 10.36 billion | 9.56 billion | Norway |
| 1990s | 10.41 billion | 25.75 billion | 15.34 billion | Norway |
| 2000s | 25.61 billion | 51.19 billion | 25.59 billion | Norway |
| 2010s | 54.15 billion | 100.91 billion | 46.76 billion | Norway |
| 2020s | 94.08 billion | 176.75 billion | 82.67 billion | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 117 — general government consumption of fixed, Iceland or Norway?
- Norway, at 210.93 billion against 115.09 billion in Iceland as of 2026.
- What is the difference in economic outlook no 117 — general government consumption of fixed between Iceland and Norway?
- 95.84 billion, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 47 years are reported by both, from 1980 to 2026.
- How do Iceland and Norway rank globally for economic outlook no 117 — general government consumption of fixed?
- Iceland ranks 8th and Norway ranks 6th of 27 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 117 — General government consumption of fixed capital. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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 (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 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