Iceland vs Norway: Services, value added
Services, value added over time
- Iceland
- Norway
How they compare
Norway currently reports 2.54 trillion constant LCU against 2.42 trillion constant LCU in Iceland, a difference of 123.93 billion constant LCU.
That makes Norway's figure about 1.1 times Iceland's.
Across all 31 years both countries report, Norway has been ahead every year.
Globally, Iceland ranks 59th and Norway ranks 58th of 198 countries.
Individual pages
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.