Iceland vs Norway: Use of goods and services, Transactions
Use of goods and services, Transactions over time
- Iceland
- Norway
How they compare
Iceland currently reports 570.08 billion against 397.89 billion in Norway, a difference of 172.19 billion.
That makes Iceland's figure about 1.4 times Norway's.
The two have swapped places 1 time across 24 shared years of data; in 2002 it was Norway ahead.
Iceland ranks 6th and Norway ranks 9th of 35 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 134.44 billion | 129.05 billion | 5.39 billion | Iceland |
| 2010s | 249.86 billion | 215.37 billion | 34.48 billion | Iceland |
| 2020s | 457.65 billion | 344.78 billion | 112.87 billion | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher use of goods and services, transactions, Iceland or Norway?
- Iceland, at 570.08 billion against 397.89 billion in Norway as of 2025.
- What is the difference in use of goods and services, transactions between Iceland and Norway?
- 172.19 billion, with Iceland 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 use of goods and services, transactions?
- Iceland ranks 6th and Norway ranks 9th of 35 countries.
- Where does this data come from?
- International Monetary Fund, published as Use of goods and services, 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.