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 5.03 trillion current LCU against 4.46 trillion current LCU in Iceland, a difference of 572.27 billion current LCU.
That makes Norway's figure about 1.1 times Iceland's.
Across all 53 years both countries report, Norway has been ahead every year.
Iceland ranks 71st and Norway ranks 69th of 206 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 | 3.62 billion current LCU | 173.23 billion current LCU | 169.61 billion current LCU | Norway |
| 1980s | 120.44 billion current LCU | 455.76 billion current LCU | 335.32 billion current LCU | Norway |
| 1990s | 429.34 billion current LCU | 840.08 billion current LCU | 410.75 billion current LCU | Norway |
| 2000s | 984.29 billion current LCU | 1.77 trillion current LCU | 781.63 billion current LCU | Norway |
| 2010s | 2.06 trillion current LCU | 2.89 trillion current LCU | 833.56 billion current LCU | Norway |
| 2020s | 3.61 trillion current LCU | 4.59 trillion current LCU | 977.51 billion current 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 5.03 trillion current LCU against 4.46 trillion current LCU in Iceland as of 2025.
- What is the difference in gross value added at basic prices (gva) between Iceland and Norway?
- 572.27 billion current LCU, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 53 years are reported by both, from 1973 to 2025.
- How do Iceland and Norway rank globally for gross value added at basic prices (gva)?
- Iceland ranks 71st and Norway ranks 69th of 206 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross value added at basic prices (GVA) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.