Iceland vs Norway: GDP
Iceland
4.59 trillion
in 2024
Norway
5.20 trillion
in 2024
Iceland rank
21st
Norway rank
19th
GDP over time
- Iceland
- Norway
How they compare
Norway currently reports 5.20 trillion against 4.59 trillion in Iceland, a difference of 608.79 billion.
That makes Norway's figure about 1.1 times Iceland's.
Across all 65 years both countries report, Norway has been ahead every year.
Iceland ranks 21st and Norway ranks 19th of 74 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 | 218.19 million | 56.55 billion | 56.33 billion | Norway |
| 1970s | 3.19 billion | 169.10 billion | 165.91 billion | Norway |
| 1980s | 137.46 billion | 519.57 billion | 382.11 billion | Norway |
| 1990s | 493.84 billion | 969.50 billion | 475.65 billion | Norway |
| 2000s | 1.12 trillion | 1.97 trillion | 847.11 billion | Norway |
| 2010s | 2.30 trillion | 3.14 trillion | 843.23 billion | Norway |
| 2020s | 3.84 trillion | 4.76 trillion | 919.59 billion | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp, Iceland or Norway?
- Norway, at 5.20 trillion against 4.59 trillion in Iceland as of 2024.
- What is the difference in gdp between Iceland and Norway?
- 608.79 billion, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 65 years are reported by both, from 1960 to 2024.
- How do Iceland and Norway rank globally for gdp?
- Iceland ranks 21st and Norway ranks 19th of 74 countries.
- Where does this data come from?
- UNICEF, published as GDP (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.