Iceland vs Norway: Final consumption expenditure
Final consumption expenditure over time
- Iceland
- Norway
How they compare
Norway currently reports 3.00 trillion constant LCU against 2.80 trillion constant LCU in Iceland, a difference of 201.39 billion constant LCU.
That makes Norway's figure about 1.1 times Iceland's.
The two have swapped places 6 times across 56 shared years of data; in 1970 it was Norway ahead.
Iceland ranks 60th and Norway ranks 59th of 176 countries.
Across the 6 decades both report, Iceland averaged higher in 3 and Norway in 3.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 668.53 billion constant LCU | 713.94 billion constant LCU | 45.41 billion constant LCU | Norway |
| 1980s | 1.05 trillion constant LCU | 971.00 billion constant LCU | 78.36 billion constant LCU | Iceland |
| 1990s | 1.32 trillion constant LCU | 1.24 trillion constant LCU | 82.89 billion constant LCU | Iceland |
| 2000s | 1.88 trillion constant LCU | 1.76 trillion constant LCU | 119.69 billion constant LCU | Iceland |
| 2010s | 2.08 trillion constant LCU | 2.39 trillion constant LCU | 312.84 billion constant LCU | Norway |
| 2020s | 2.62 trillion constant LCU | 2.83 trillion constant LCU | 210.85 billion constant LCU | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Iceland or Norway?
- Norway, at 3.00 trillion constant LCU against 2.80 trillion constant LCU in Iceland as of 2025.
- What is the difference in final consumption expenditure between Iceland and Norway?
- 201.39 billion constant LCU, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 56 years are reported by both, from 1970 to 2025.
- How do Iceland and Norway rank globally for final consumption expenditure?
- Iceland ranks 60th and Norway ranks 59th of 176 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Final consumption expenditure (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.