Iceland vs Norway: Expense
Iceland
1.40 trillion current LCU
in 2023
Norway
1.83 trillion current LCU
in 2023
Iceland rank
51st
Norway rank
48th
Expense over time
- Iceland
- Norway
How they compare
Norway currently reports 1.83 trillion current LCU against 1.40 trillion current LCU in Iceland, a difference of 429.60 billion current LCU.
That makes Norway's figure about 1.3 times Iceland's.
The two have swapped places 2 times across 52 shared years of data; in 1972 it was Norway ahead.
Iceland ranks 51st and Norway ranks 48th of 157 countries.
Norway has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 893.91 million current LCU | 58.06 billion current LCU | 57.16 billion current LCU | Norway |
| 1980s | 37.17 billion current LCU | 176.45 billion current LCU | 139.28 billion current LCU | Norway |
| 1990s | 142.85 billion current LCU | 359.12 billion current LCU | 216.26 billion current LCU | Norway |
| 2000s | 396.95 billion current LCU | 661.58 billion current LCU | 264.63 billion current LCU | Norway |
| 2010s | 768.48 billion current LCU | 1.15 trillion current LCU | 380.13 billion current LCU | Norway |
| 2020s | 1.23 trillion current LCU | 1.67 trillion current LCU | 433.64 billion current LCU | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher expense, Iceland or Norway?
- Norway, at 1.83 trillion current LCU against 1.40 trillion current LCU in Iceland as of 2023.
- What is the difference in expense between Iceland and Norway?
- 429.60 billion current LCU, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 52 years are reported by both, from 1972 to 2023.
- How do Iceland and Norway rank globally for expense?
- Iceland ranks 51st and Norway ranks 48th of 157 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Expense (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Expense is a decrease in net worth resulting from a transaction. 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.