Iceland vs Norway: Final consumption expenditure (current US$), per capita

Iceland
74,418 current US$ per person
in 2025
Norway
61,575 current US$ per person
in 2025
Iceland rank
3rd
Norway rank
6th

Final consumption expenditure (current US$), per capita over time

  • Iceland
  • Norway
020.0k40.0k60.0k80.0k197019972025

How they compare

Iceland currently reports 74,418 current US$ per person against 61,575 current US$ per person in Norway, a difference of 12,843 current US$ per person.

That makes Iceland's figure about 1.2 times Norway's.

The two have swapped places 11 times across 56 shared years of data; in 1970 it was Norway ahead.

Iceland ranks 3rd and Norway ranks 6th of 188 countries.

Across the 6 decades both report, Iceland averaged higher in 2 and Norway in 4.

Head to head by decade

Decade Iceland Norway Difference Ahead
1970s 5,187 current US$ per person 5,209 current US$ per person 22.15 current US$ per person Norway
1980s 13,152 current US$ per person 12,299 current US$ per person 853.15 current US$ per person Iceland
1990s 22,260 current US$ per person 22,627 current US$ per person 367.34 current US$ per person Norway
2000s 37,290 current US$ per person 39,854 current US$ per person 2,563 current US$ per person Norway
2010s 43,284 current US$ per person 58,793 current US$ per person 15,509 current US$ per person Norway
2020s 60,032 current US$ per person 57,203 current US$ per person 2,830 current US$ per person Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher final consumption expenditure (current us$), per capita, Iceland or Norway?
Iceland, at 74,418 current US$ per person against 61,575 current US$ per person in Norway as of 2025.
What is the difference in final consumption expenditure (current us$), per capita between Iceland and Norway?
12,843 current US$ per person, with Iceland 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 (current us$), per capita?
Iceland ranks 3rd and Norway ranks 6th of 188 countries.
Where does this data come from?
Statizoid (derived), published as Final consumption expenditure (current US$), per capita. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Norway: Final consumption expenditure (current US$), per capita. Statizoid, drawing on Statizoid (derived). Retrieved 10 September 2026, from https://economy.statizoid.com/compare/final-consumption-expenditure-current-us-per-capita/iceland/norway/

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About this data

Indicator
Final consumption expenditure (current US$), per capita
Unit
current US$ per person
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
231 places, 11,145 data points, 1960–2025
Last refreshed

Final consumption expenditure (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.