Iceland vs Norway: Income in real terms
Iceland
122.35 Index
in 2020
Norway
115.54 Index
in 2025
Iceland rank
23rd
Norway rank
27th
Income in real terms over time
- Iceland
- Norway
How they compare
Iceland currently reports 122.35 Index against 115.54 Index in Norway, a difference of 6.81 Index.
That makes Iceland's figure about 1.1 times Norway's.
The two have swapped places 1 time across 10 shared years of data; in 2011 it was Norway ahead.
Iceland ranks 23rd and Norway ranks 27th of 41 countries.
Across the 2 decades both report, Iceland averaged higher in 1 and Norway in 1.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 102.26 Index | 109.97 Index | 7.72 Index | Norway |
| 2020s | 122.35 Index | 114.03 Index | 8.32 Index | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher income in real terms, Iceland or Norway?
- Iceland, at 122.35 Index against 115.54 Index in Norway as of 2020.
- What is the difference in income in real terms between Iceland and Norway?
- 6.81 Index, with Iceland ahead.
- How many years of comparable data are there for Iceland and Norway?
- 10 years are reported by both, from 2011 to 2020.
- How do Iceland and Norway rank globally for income in real terms?
- Iceland ranks 23rd and Norway ranks 27th of 41 countries.
- Where does this data come from?
- Eurostat, published as Income in real terms (2010 SILC=100). Statizoid refreshes it automatically from the source and publishes the full history for both places.