Iceland vs Norway: Annual government non-financial accounts and key indicators
Annual government non-financial accounts and key indicators over time
- Iceland
- Norway
How they compare
Norway currently reports 286,227 National currency against 194,557 National currency in Iceland, a difference of 91,670 National currency.
That makes Norway's figure about 1.5 times Iceland's.
Across all 28 years both countries report, Norway has been ahead every year.
Iceland ranks 14th and Norway ranks 13th of 36 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 | 32,331 National currency | 54,198 National currency | 21,867 National currency | Norway |
| 2000s | 49,205 National currency | 74,326 National currency | 25,120 National currency | Norway |
| 2010s | 73,809 National currency | 151,119 National currency | 77,310 National currency | Norway |
| 2020s | 161,771 National currency | 251,631 National currency | 89,860 National currency | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher annual government non-financial accounts and key indicators, Iceland or Norway?
- Norway, at 286,227 National currency against 194,557 National currency in Iceland as of 2025.
- What is the difference in annual government non-financial accounts and key indicators between Iceland and Norway?
- 91,670 National currency, 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 non-financial accounts and key indicators?
- Iceland ranks 14th and Norway ranks 13th of 36 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Annual government non-financial accounts and key indicators (Expenditure) — Gross fixed capital formation. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This table presents the full sequence of non-financial accounts for the General Government sector and its sub-sectors from the production account to the capital account. It shows the Expenditure (or Uses) side of the accounts, not including the balancing items, and is designed to be used in conjunction with the tables entitled ‘Annual government non-financial accounts and key indicators (Revenues)’ and ‘Annual government non-financial accounts and key indicators (Balancing items)’. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter in order to view the full sequence of non-financial accounts. Alternatively, specific lines within the sequence can be selected using the ‘Transaction’ filter to compare this item for combinations of sectors, countries and time periods. It is also possible to select the government sub-sectors – central, local and state (regional) government and social security funds – using the ‘Institutional sector’ filter.These indicators were presented in the previous dissemination system in the SNA_TABLE12 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org