Iceland vs Norway: Services, value added
Services, value added over time
- Iceland
- Norway
How they compare
Iceland currently reports 3.28 trillion current LCU against 3.04 trillion current LCU in Norway, a difference of 244.51 billion current LCU.
That makes Iceland's figure about 1.1 times Norway's.
The two have swapped places 1 time across 31 shared years of data; in 1995 it was Norway ahead.
Iceland ranks 69th and Norway ranks 70th of 205 countries.
Across the 4 decades both report, Iceland averaged higher in 1 and Norway in 3.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 307.12 billion current LCU | 604.43 billion current LCU | 297.31 billion current LCU | Norway |
| 2000s | 683.49 billion current LCU | 1.01 trillion current LCU | 326.25 billion current LCU | Norway |
| 2010s | 1.48 trillion current LCU | 1.79 trillion current LCU | 319.00 billion current LCU | Norway |
| 2020s | 2.64 trillion current LCU | 2.63 trillion current LCU | 5.66 billion current LCU | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher services, value added, Iceland or Norway?
- Iceland, at 3.28 trillion current LCU against 3.04 trillion current LCU in Norway as of 2025.
- What is the difference in services, value added between Iceland and Norway?
- 244.51 billion current LCU, with Iceland 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 services, value added?
- Iceland ranks 69th and Norway ranks 70th of 205 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Services, value added (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.