Iceland vs Norway: Economic Outlook No 118 — Government final consumption expenditure
Economic Outlook No 118 — Government final consumption expenditure over time
- Iceland
- Norway
How they compare
Norway currently reports 1.17 trillion against 956.79 billion in Iceland, a difference of 210.26 billion.
That makes Norway's figure about 1.2 times Iceland's.
Across all 68 years both countries report, Norway has been ahead every year.
Iceland ranks 15th and Norway ranks 14th of 39 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 | 101.96 billion | 171.21 billion | 69.25 billion | Norway |
| 1970s | 211.77 billion | 293.91 billion | 82.15 billion | Norway |
| 1980s | 359.91 billion | 423.33 billion | 63.42 billion | Norway |
| 1990s | 498.00 billion | 575.27 billion | 77.27 billion | Norway |
| 2000s | 668.61 billion | 746.47 billion | 77.87 billion | Norway |
| 2010s | 731.82 billion | 919.30 billion | 187.49 billion | Norway |
| 2020s | 899.46 billion | 1.08 trillion | 178.56 billion | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 118 — government final consumption expenditure, Iceland or Norway?
- Norway, at 1.17 trillion against 956.79 billion in Iceland as of 2027.
- What is the difference in economic outlook no 118 — government final consumption expenditure between Iceland and Norway?
- 210.26 billion, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 68 years are reported by both, from 1960 to 2027.
- How do Iceland and Norway rank globally for economic outlook no 118 — government final consumption expenditure?
- Iceland ranks 15th and Norway ranks 14th of 39 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 118 — Government final consumption expenditure, volume. 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 118 (Edition 2025/2) EO118 Database documentation EO118 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