Iceland vs Norway: GDP
GDP over time
- Iceland
- Norway
How they compare
Norway currently reports 5.52 trillion current LCU against 4.96 trillion current LCU in Iceland, a difference of 562.05 billion current LCU.
That makes Norway's figure about 1.1 times Iceland's.
Across all 66 years both countries report, Norway has been ahead every year.
Globally, Iceland ranks 73rd and Norway ranks 72nd of 213 countries.
Individual pages
About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. 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.