Iceland vs Norway: Gross domestic income
Gross domestic income over time
- Iceland
- Norway
How they compare
Norway currently reports 4.56 trillion constant LCU against 3.68 trillion constant LCU in Iceland, a difference of 876.22 billion constant LCU.
That makes Norway's figure about 1.2 times Iceland's.
Across all 56 years both countries report, Norway has been ahead every year.
Iceland ranks 59th and Norway ranks 58th of 178 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 | 890.41 billion constant LCU | 1.12 trillion constant LCU | 228.37 billion constant LCU | Norway |
| 1980s | 1.34 trillion constant LCU | 1.57 trillion constant LCU | 225.88 billion constant LCU | Norway |
| 1990s | 1.62 trillion constant LCU | 1.97 trillion constant LCU | 346.21 billion constant LCU | Norway |
| 2000s | 2.33 trillion constant LCU | 3.06 trillion constant LCU | 726.55 billion constant LCU | Norway |
| 2010s | 2.76 trillion constant LCU | 3.74 trillion constant LCU | 978.82 billion constant LCU | Norway |
| 2020s | 3.42 trillion constant LCU | 4.51 trillion constant LCU | 1.09 trillion constant LCU | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic income, Iceland or Norway?
- Norway, at 4.56 trillion constant LCU against 3.68 trillion constant LCU in Iceland as of 2025.
- What is the difference in gross domestic income between Iceland and Norway?
- 876.22 billion constant LCU, with Norway 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 gross domestic income?
- Iceland ranks 59th and Norway ranks 58th of 178 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross domestic income (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Real gross domestic income (real GDI) measures the purchasing power of the total incomes generated by domestic production. It is a concept that exists in real terms only. When the terms of trade change there may be a significant divergence between the movements of GDP in volume terms and real GDI. The difference between the change in GDP in volume terms and real GDI is generally described as the “trading gain” (or loss) or, to turn this round, the trading gain or loss from changes in the terms of trade is the difference between real GDI and GDP in volume terms. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.