Iceland vs Norway: Compensation of employees
Compensation of employees over time
- Iceland
- Norway
How they compare
Iceland currently reports 334.27 billion current LCU against 285.38 billion current LCU in Norway, a difference of 48.89 billion current LCU.
That makes Iceland's figure about 1.2 times Norway's.
The two have swapped places 5 times across 47 shared years of data; in 1972 it was Norway ahead.
Iceland ranks 50th and Norway ranks 53rd of 156 countries.
Across the 6 decades both report, Iceland averaged higher in 3 and Norway in 3.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 247.46 million current LCU | 6.73 billion current LCU | 6.48 billion current LCU | Norway |
| 1980s | 15.48 billion current LCU | 17.13 billion current LCU | 1.65 billion current LCU | Norway |
| 1990s | 43.29 billion current LCU | 33.17 billion current LCU | 10.12 billion current LCU | Iceland |
| 2000s | 96.70 billion current LCU | 96.26 billion current LCU | 439.15 million current LCU | Iceland |
| 2010s | 177.36 billion current LCU | 178.69 billion current LCU | 1.33 billion current LCU | Norway |
| 2020s | 299.99 billion current LCU | 244.75 billion current LCU | 55.24 billion current LCU | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Iceland or Norway?
- Iceland, at 334.27 billion current LCU against 285.38 billion current LCU in Norway as of 2023.
- What is the difference in compensation of employees between Iceland and Norway?
- 48.89 billion current LCU, with Iceland ahead.
- How many years of comparable data are there for Iceland and Norway?
- 47 years are reported by both, from 1972 to 2023.
- How do Iceland and Norway rank globally for compensation of employees?
- Iceland ranks 50th and Norway ranks 53rd of 156 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Compensation of employees (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. 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.