Iceland vs Norway: GDP deflator

Iceland
138.12 base year varies by country
in 2025
Norway
137.46 base year varies by country
in 2025
Iceland rank
98th
Norway rank
101st

GDP deflator over time

  • Iceland
  • Norway
050100150196019922025

How they compare

Iceland currently reports 138.12 base year varies by country against 137.46 base year varies by country in Norway, a difference of 0.66 base year varies by country.

The two have swapped places 1 time across 66 shared years of data; in 1960 it was Norway ahead.

Iceland ranks 98th and Norway ranks 101st of 214 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 0.0419 base year varies by country 7.69 base year varies by country 7.65 base year varies by country Norway
1970s 0.3374 base year varies by country 14.8 base year varies by country 14.46 base year varies by country Norway
1980s 10.05 base year varies by country 31.97 base year varies by country 21.92 base year varies by country Norway
1990s 31.58 base year varies by country 44.67 base year varies by country 13.09 base year varies by country Norway
2000s 48.45 base year varies by country 68.44 base year varies by country 19.98 base year varies by country Norway
2010s 82.04 base year varies by country 95.39 base year varies by country 13.35 base year varies by country Norway
2020s 118.48 base year varies by country 130.03 base year varies by country 11.55 base year varies by country Norway

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gdp deflator, Iceland or Norway?
Iceland, at 138.12 base year varies by country against 137.46 base year varies by country in Norway as of 2025.
What is the difference in gdp deflator between Iceland and Norway?
0.66 base year varies by country, with Iceland 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 deflator?
Iceland ranks 98th and Norway ranks 101st of 214 countries.
Where does this data come from?
Country official statistics, National Statistical Organizations and/or Central Banks, published as GDP deflator (base year varies by country). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Norway: GDP deflator. Statizoid, drawing on Country official statistics, National Statistical Organizations and/or Central Banks. Retrieved 03 September 2026, from https://economy.statizoid.com/compare/gdp-deflator-base-year-varies-by-country/iceland/norway/

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About this data

Indicator
GDP deflator (base year varies by country)
Unit
base year varies by country
Source
Country official statistics, National Statistical Organizations and/or Central Banks
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
215 places, 11,612 data points, 1960–2025
Last refreshed

The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country. This indicator is expressed as a ratio (a÷b).