Iceland vs Norway: Gross national expenditure
Gross national expenditure over time
- Iceland
- Norway
How they compare
Norway currently reports 4.01 trillion constant LCU against 3.76 trillion constant LCU in Iceland, a difference of 252.50 billion constant LCU.
That makes Norway's figure about 1.1 times Iceland's.
The two have swapped places 4 times across 56 shared years of data; in 1970 it was Norway ahead.
Iceland ranks 59th and Norway ranks 56th of 168 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 | 903.01 billion constant LCU | 1.17 trillion constant LCU | 264.57 billion constant LCU | Norway |
| 1980s | 1.33 trillion constant LCU | 1.52 trillion constant LCU | 189.37 billion constant LCU | Norway |
| 1990s | 1.64 trillion constant LCU | 1.82 trillion constant LCU | 185.81 billion constant LCU | Norway |
| 2000s | 2.46 trillion constant LCU | 2.58 trillion constant LCU | 122.69 billion constant LCU | Norway |
| 2010s | 2.59 trillion constant LCU | 3.41 trillion constant LCU | 824.63 billion constant LCU | Norway |
| 2020s | 3.44 trillion constant LCU | 3.88 trillion constant LCU | 437.28 billion constant LCU | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross national expenditure, Iceland or Norway?
- Norway, at 4.01 trillion constant LCU against 3.76 trillion constant LCU in Iceland as of 2025.
- What is the difference in gross national expenditure between Iceland and Norway?
- 252.50 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 national expenditure?
- Iceland ranks 59th and Norway ranks 56th of 168 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross national expenditure (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. 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.