Iceland vs Norway: Economic Outlook No 117 — Private final consumption expenditure
Economic Outlook No 117 — Private final consumption expenditure over time
- Iceland
- Norway
How they compare
Iceland currently reports 2.50 trillion against 2.25 trillion in Norway, a difference of 244.22 billion.
That makes Iceland's figure about 1.1 times Norway's.
The two have swapped places 1 time across 67 shared years of data; in 1960 it was Norway ahead.
Iceland ranks 15th and Norway ranks 17th of 37 countries.
Across the 7 decades both report, Iceland averaged higher in 1 and Norway in 6.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 127.37 million | 31.18 billion | 31.05 billion | Norway |
| 1970s | 1.73 billion | 85.62 billion | 83.89 billion | Norway |
| 1980s | 80.16 billion | 252.14 billion | 171.97 billion | Norway |
| 1990s | 278.37 billion | 470.47 billion | 192.10 billion | Norway |
| 2000s | 610.61 billion | 824.08 billion | 213.46 billion | Norway |
| 2010s | 1.15 trillion | 1.33 trillion | 170.72 billion | Norway |
| 2020s | 2.06 trillion | 1.91 trillion | 150.12 billion | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 117 — private final consumption expenditure, Iceland or Norway?
- Iceland, at 2.50 trillion against 2.25 trillion in Norway as of 2026.
- What is the difference in economic outlook no 117 — private final consumption expenditure between Iceland and Norway?
- 244.22 billion, with Iceland ahead.
- How many years of comparable data are there for Iceland and Norway?
- 67 years are reported by both, from 1960 to 2026.
- How do Iceland and Norway rank globally for economic outlook no 117 — private final consumption expenditure?
- Iceland ranks 15th and Norway ranks 17th of 37 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 117 — Private final consumption expenditure, nominal value, GDP expenditure approach. 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