Iceland vs Norway: Final consumption expenditure
Final consumption expenditure over time
- Iceland
- Norway
How they compare
Iceland currently reports 3.75 trillion current LCU against 3.59 trillion current LCU in Norway, a difference of 159.07 billion current LCU.
The two have swapped places 1 time across 56 shared years of data; in 1970 it was Norway ahead.
Globally, Iceland ranks 70th and Norway ranks 71st of 187 countries.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.