Iceland vs Norway: Taxes less subsidies on products
Iceland
498.69 billion current LCU
in 2025
Norway
488.47 billion current LCU
in 2025
Iceland rank
58th
Norway rank
59th
Taxes less subsidies on products over time
- Iceland
- Norway
How they compare
Iceland currently reports 498.69 billion current LCU against 488.47 billion current LCU in Norway, a difference of 10.22 billion current LCU.
The two have swapped places 1 time across 31 shared years of data; in 1995 it was Norway ahead.
Iceland ranks 58th and Norway ranks 59th of 199 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 | 75.43 billion current LCU | 148.81 billion current LCU | 73.38 billion current LCU | Norway |
| 2000s | 138.21 billion current LCU | 216.71 billion current LCU | 78.50 billion current LCU | Norway |
| 2010s | 237.26 billion current LCU | 340.85 billion current LCU | 103.59 billion current LCU | Norway |
| 2020s | 414.79 billion current LCU | 445.66 billion current LCU | 30.86 billion current LCU | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes less subsidies on products, Iceland or Norway?
- Iceland, at 498.69 billion current LCU against 488.47 billion current LCU in Norway as of 2025.
- What is the difference in taxes less subsidies on products between Iceland and Norway?
- 10.22 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 taxes less subsidies on products?
- Iceland ranks 58th and Norway ranks 59th of 199 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Taxes less subsidies on products (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. 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.