Iceland vs Norway: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Iceland
- Norway
How they compare
Norway currently reports 3.58 trillion constant LCU against 3.24 trillion constant LCU in Iceland, a difference of 344.59 billion constant LCU.
That makes Norway's figure about 1.1 times Iceland's.
Across all 31 years both countries report, Norway has been ahead every year.
Iceland ranks 62nd and Norway ranks 60th of 197 countries.
Norway has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.48 trillion constant LCU | 2.14 trillion constant LCU | 657.09 billion constant LCU | Norway |
| 2000s | 2.05 trillion constant LCU | 2.58 trillion constant LCU | 527.13 billion constant LCU | Norway |
| 2010s | 2.50 trillion constant LCU | 3.00 trillion constant LCU | 503.43 billion constant LCU | Norway |
| 2020s | 3.04 trillion constant LCU | 3.43 trillion constant LCU | 389.97 billion constant LCU | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva), Iceland or Norway?
- Norway, at 3.58 trillion constant LCU against 3.24 trillion constant LCU in Iceland as of 2025.
- What is the difference in gross value added at basic prices (gva) between Iceland and Norway?
- 344.59 billion constant LCU, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 31 years are reported by both, from 1995 to 2025.
- How do Iceland and Norway rank globally for gross value added at basic prices (gva)?
- Iceland ranks 62nd and Norway ranks 60th of 197 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross value added at basic prices (GVA) (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.