Iceland vs Norway: GDP
GDP over time
- Iceland
- Norway
How they compare
Norway currently reports 5.52 trillion current LCU against 4.96 trillion current LCU in Iceland, a difference of 562.05 billion current LCU.
That makes Norway's figure about 1.1 times Iceland's.
Across all 66 years both countries report, Norway has been ahead every year.
Iceland ranks 73rd and Norway ranks 72nd of 213 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 current LCU | 56.28 billion current LCU | 56.06 billion current LCU | Norway |
| 1970s | 3.19 billion current LCU | 168.44 billion current LCU | 165.25 billion current LCU | Norway |
| 1980s | 137.46 billion current LCU | 517.76 billion current LCU | 380.30 billion current LCU | Norway |
| 1990s | 493.84 billion current LCU | 963.08 billion current LCU | 469.24 billion current LCU | Norway |
| 2000s | 1.12 trillion current LCU | 1.98 trillion current LCU | 860.13 billion current LCU | Norway |
| 2010s | 2.30 trillion current LCU | 3.23 trillion current LCU | 937.15 billion current LCU | Norway |
| 2020s | 4.03 trillion current LCU | 5.04 trillion current LCU | 1.01 trillion current LCU | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp, Iceland or Norway?
- Norway, at 5.52 trillion current LCU against 4.96 trillion current LCU in Iceland as of 2025.
- What is the difference in gdp between Iceland and Norway?
- 562.05 billion current LCU, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 66 years are reported by both, from 1960 to 2025.
- How do Iceland and Norway rank globally for gdp?
- Iceland ranks 73rd and Norway ranks 72nd of 213 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as GDP (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.