What is the difference in gross national expenditure between Iceland and Norway?

195.14 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.

Where does this data come from?

Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross national expenditure (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Iceland vs Norway: Gross national expenditure

Iceland

5.07 trillion current LCU

in 2025

Norway

4.87 trillion current LCU

in 2025

Iceland rank

67th

Norway rank

68th

Gross national expenditure over time

Iceland
Norway

How they compare

Iceland currently reports 5.07 trillion current LCU against 4.87 trillion current LCU in Norway, a difference of 195.14 billion current LCU.

The two have swapped places 1 time across 56 shared years of data; in 1970 it was Norway ahead.

Iceland ranks 67th and Norway ranks 68th of 185 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	3.24 billion current LCU	173.38 billion current LCU	170.14 billion current LCU	Norway
1980s	137.42 billion current LCU	502.30 billion current LCU	364.88 billion current LCU	Norway
1990s	494.44 billion current LCU	902.84 billion current LCU	408.40 billion current LCU	Norway
2000s	1.17 trillion current LCU	1.68 trillion current LCU	514.24 billion current LCU	Norway
2010s	2.15 trillion current LCU	2.97 trillion current LCU	823.91 billion current LCU	Norway
2020s	4.06 trillion current LCU	4.30 trillion current LCU	242.47 billion current LCU	Norway

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gross national expenditure, Iceland or Norway?: Iceland, at 5.07 trillion current LCU against 4.87 trillion current LCU in Norway as of 2025.
What is the difference in gross national expenditure between Iceland and Norway?: 195.14 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 gross national expenditure?: Iceland ranks 67th and Norway ranks 68th of 185 countries.
Where does this data come from?: Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross national expenditure (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Norway: Gross national expenditure. Statizoid, drawing on Country official statistics, National Statistical Organizations and/or Central Banks. Retrieved 29 August 2026, from https://economy.statizoid.com/compare/gross-national-expenditure-current-lcu/iceland/norway/

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About this data

Indicator: Gross national expenditure (current LCU)
Unit: current LCU
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 185 places, 8,556 data points, 1960–2025
Last refreshed: 20 August 2026

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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.