Iceland vs Norway: Expense

Iceland

1.40 trillion current LCU

in 2023

Norway

1.83 trillion current LCU

in 2023

Iceland rank

51st

Norway rank

48th

Expense over time

Iceland
Norway

How they compare

Norway currently reports 1.83 trillion current LCU against 1.40 trillion current LCU in Iceland, a difference of 429.60 billion current LCU.

That makes Norway's figure about 1.3 times Iceland's.

The two have swapped places 2 times across 52 shared years of data; in 1972 it was Norway ahead.

Globally, Iceland ranks 51st and Norway ranks 48th of 157 countries.

Individual pages

About this data

Indicator: Expense (current LCU)
Unit: current LCU
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 157 places, 4,452 data points, 1972–2024
Last refreshed: 06 August 2026

Expense is a decrease in net worth resulting from a transaction. 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.