Iceland vs Norway: Final consumption expenditure
Final consumption expenditure over time
- Iceland
- Norway
How they compare
Norway currently reports 3.00 trillion constant LCU against 2.80 trillion constant LCU in Iceland, a difference of 201.39 billion constant LCU.
That makes Norway's figure about 1.1 times Iceland's.
The two have swapped places 6 times across 56 shared years of data; in 1970 it was Norway ahead.
Globally, Iceland ranks 60th and Norway ranks 59th of 176 countries.
Individual pages
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.