Iceland vs Norway: Gross value added at basic prices (GVA)

Iceland

4.46 trillion current LCU

in 2025

Norway

5.03 trillion current LCU

in 2025

Iceland rank

71st

Norway rank

69th

Gross value added at basic prices (GVA) over time

Iceland
Norway

How they compare

Norway currently reports 5.03 trillion current LCU against 4.46 trillion current LCU in Iceland, a difference of 572.27 billion current LCU.

That makes Norway's figure about 1.1 times Iceland's.

Across all 53 years both countries report, Norway has been ahead every year.

Globally, Iceland ranks 71st and Norway ranks 69th of 206 countries.

Individual pages

About this data

Indicator: Gross value added at basic prices (GVA) (current LCU)
Unit: current LCU
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 206 places, 9,147 data points, 1960–2025
Last refreshed: 06 August 2026

Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.