Iceland vs Norway: Economic Outlook No 117 — General government final consumption
Economic Outlook No 117 — General government final consumption over time
- Iceland
- Norway
How they compare
Iceland currently reports 1.29 trillion against 1.29 trillion in Norway, a difference of 3.62 billion.
The two have swapped places 1 time across 49 shared years of data; in 1978 it was Norway ahead.
Iceland ranks 7th and Norway ranks 8th of 28 countries.
Norway has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 1.47 billion | 49.68 billion | 48.21 billion | Norway |
| 1980s | 25.08 billion | 100.23 billion | 75.15 billion | Norway |
| 1990s | 100.64 billion | 204.37 billion | 103.73 billion | Norway |
| 2000s | 269.68 billion | 390.96 billion | 121.28 billion | Norway |
| 2010s | 547.19 billion | 704.77 billion | 157.59 billion | Norway |
| 2020s | 1.07 trillion | 1.11 trillion | 34.38 billion | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 117 — general government final consumption, Iceland or Norway?
- Iceland, at 1.29 trillion against 1.29 trillion in Norway as of 2026.
- What is the difference in economic outlook no 117 — general government final consumption between Iceland and Norway?
- 3.62 billion, with Iceland ahead.
- How many years of comparable data are there for Iceland and Norway?
- 49 years are reported by both, from 1978 to 2026.
- How do Iceland and Norway rank globally for economic outlook no 117 — general government final consumption?
- Iceland ranks 7th and Norway ranks 8th of 28 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 117 — General government final consumption expenditure, nominal value, appropriation account. 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