Iceland vs Norway: Annual government deficit/surplus, revenue, expenditure and main
Iceland
846,616 Domestic currency (incl. conversion to current currency made using a fixed parit
in 2025
Norway
941,745 Domestic currency (incl. conversion to current currency made using a fixed parit
in 2025
Iceland rank
13th
Norway rank
12th
Annual government deficit/surplus, revenue, expenditure and main over time
- Iceland
- Norway
How they compare
Norway currently reports 941,745 Domestic currency (incl. conversion to current currency made using a fixed parit against 846,616 Domestic currency (incl. conversion to current currency made using a fixed parit in Iceland, a difference of 95,129 Domestic currency (incl. conversion to current currency made using a fixed parit.
That makes Norway's figure about 1.1 times Iceland's.
Across all 28 years both countries report, Norway has been ahead every year.
Iceland ranks 13th and Norway ranks 12th of 30 countries.
Norway has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 107,958 Domestic currency (incl. conversion to current currency made using a fixed parit | 208,225 Domestic currency (incl. conversion to current currency made using a fixed parit | 100,267 Domestic currency (incl. conversion to current currency made using a fixed parit | Norway |
| 2000s | 192,644 Domestic currency (incl. conversion to current currency made using a fixed parit | 300,713 Domestic currency (incl. conversion to current currency made using a fixed parit | 108,068 Domestic currency (incl. conversion to current currency made using a fixed parit | Norway |
| 2010s | 380,508 Domestic currency (incl. conversion to current currency made using a fixed parit | 544,410 Domestic currency (incl. conversion to current currency made using a fixed parit | 163,902 Domestic currency (incl. conversion to current currency made using a fixed parit | Norway |
| 2020s | 699,418 Domestic currency (incl. conversion to current currency made using a fixed parit | 812,689 Domestic currency (incl. conversion to current currency made using a fixed parit | 113,271 Domestic currency (incl. conversion to current currency made using a fixed parit | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher annual government deficit/surplus, revenue, expenditure and main, Iceland or Norway?
- Norway, at 941,745 Domestic currency (incl. conversion to current currency made using a fixed parit against 846,616 Domestic currency (incl. conversion to current currency made using a fixed parit in Iceland as of 2025.
- What is the difference in annual government deficit/surplus, revenue, expenditure and main between Iceland and Norway?
- 95,129 Domestic currency (incl. conversion to current currency made using a fixed parit, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 28 years are reported by both, from 1998 to 2025.
- How do Iceland and Norway rank globally for annual government deficit/surplus, revenue, expenditure and main?
- Iceland ranks 13th and Norway ranks 12th of 30 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Annual government deficit/surplus, revenue, expenditure and main aggregates IDC. Statizoid refreshes it automatically from the source and publishes the full history for both places.