Iceland vs Norway: Overall primary balance, Transactions
Overall primary balance, Transactions over time
- Iceland
- Norway
How they compare
Norway currently reports 740.94 billion against 135.67 billion in Iceland, a difference of 605.27 billion.
That makes Norway's figure about 5.5 times Iceland's.
The two have swapped places 2 times across 24 shared years of data; in 2002 it was Norway ahead.
Iceland ranks 6th and Norway ranks 3rd of 35 countries.
Norway has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 90.41 billion | 349.27 billion | 258.86 billion | Norway |
| 2010s | 159.15 billion | 337.48 billion | 178.34 billion | Norway |
| 2020s | 61.62 billion | 778.68 billion | 717.06 billion | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher overall primary balance, transactions, Iceland or Norway?
- Norway, at 740.94 billion against 135.67 billion in Iceland as of 2025.
- What is the difference in overall primary balance, transactions between Iceland and Norway?
- 605.27 billion, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 24 years are reported by both, from 2002 to 2025.
- How do Iceland and Norway rank globally for overall primary balance, transactions?
- Iceland ranks 6th and Norway ranks 3rd of 35 countries.
- Where does this data come from?
- International Monetary Fund, published as Overall primary balance, Transactions (Statement of operations, General government). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.