Iceland vs Norway: General government final consumption expenditure
General government final consumption expenditure over time
- Iceland
- Norway
How they compare
Iceland currently reports 1.29 trillion current LCU against 1.25 trillion current LCU in Norway, a difference of 46.39 billion current LCU.
The two have swapped places 1 time across 56 shared years of data; in 1970 it was Norway ahead.
Iceland ranks 59th and Norway ranks 61st of 186 countries.
Norway has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 598.97 million current LCU | 30.88 billion current LCU | 30.28 billion current LCU | Norway |
| 1980s | 29.00 billion current LCU | 99.39 billion current LCU | 70.39 billion current LCU | Norway |
| 1990s | 113.37 billion current LCU | 204.83 billion current LCU | 91.46 billion current LCU | Norway |
| 2000s | 280.07 billion current LCU | 395.20 billion current LCU | 115.13 billion current LCU | Norway |
| 2010s | 562.60 billion current LCU | 710.79 billion current LCU | 148.19 billion current LCU | Norway |
| 2020s | 1.06 trillion current LCU | 1.08 trillion current LCU | 25.38 billion current LCU | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, Iceland or Norway?
- Iceland, at 1.29 trillion current LCU against 1.25 trillion current LCU in Norway as of 2025.
- What is the difference in general government final consumption expenditure between Iceland and Norway?
- 46.39 billion current LCU, 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 general government final consumption expenditure?
- Iceland ranks 59th and Norway ranks 61st of 186 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as General government final consumption expenditure (current 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. 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.