Iceland vs Norway: Taxes on goods and services
Taxes on goods and services over time
- Iceland
- Norway
How they compare
Norway currently reports 512.94 billion current LCU against 486.56 billion current LCU in Iceland, a difference of 26.38 billion current LCU.
That makes Norway's figure about 1.1 times Iceland's.
Across all 52 years both countries report, Norway has been ahead every year.
Iceland ranks 50th and Norway ranks 49th 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 | 438.43 million current LCU | 27.61 billion current LCU | 27.17 billion current LCU | Norway |
| 1980s | 18.09 billion current LCU | 78.93 billion current LCU | 60.84 billion current LCU | Norway |
| 1990s | 70.72 billion current LCU | 141.75 billion current LCU | 71.03 billion current LCU | Norway |
| 2000s | 154.77 billion current LCU | 239.02 billion current LCU | 84.24 billion current LCU | Norway |
| 2010s | 259.93 billion current LCU | 365.96 billion current LCU | 106.03 billion current LCU | Norway |
| 2020s | 403.35 billion current LCU | 468.31 billion current LCU | 64.96 billion current LCU | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services, Iceland or Norway?
- Norway, at 512.94 billion current LCU against 486.56 billion current LCU in Iceland as of 2024.
- What is the difference in taxes on goods and services between Iceland and Norway?
- 26.38 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 taxes on goods and services?
- Iceland ranks 50th and Norway ranks 49th of 157 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on goods and services (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.