Iceland vs Norway: GDP (constant LCU) (UNESCO Institute)
Iceland
3.56 trillion constant LCU
in 2024
Norway
3.79 trillion constant LCU
in 2024
Iceland rank
64th
Norway rank
62nd
GDP (constant LCU) (UNESCO Institute) over time
- Iceland
- Norway
How they compare
Norway currently reports 3.79 trillion constant LCU against 3.56 trillion constant LCU in Iceland, a difference of 233.91 billion constant LCU.
That makes Norway's figure about 1.1 times Iceland's.
Across all 55 years both countries report, Norway has been ahead every year.
Iceland ranks 64th and Norway ranks 62nd of 212 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 | 778.61 billion constant LCU | 1.11 trillion constant LCU | 330.47 billion constant LCU | Norway |
| 1980s | 1.20 trillion constant LCU | 1.60 trillion constant LCU | 406.72 billion constant LCU | Norway |
| 1990s | 1.45 trillion constant LCU | 2.15 trillion constant LCU | 701.62 billion constant LCU | Norway |
| 2000s | 2.16 trillion constant LCU | 2.85 trillion constant LCU | 692.59 billion constant LCU | Norway |
| 2010s | 2.68 trillion constant LCU | 3.28 trillion constant LCU | 599.79 billion constant LCU | Norway |
| 2020s | 3.29 trillion constant LCU | 3.66 trillion constant LCU | 364.31 billion constant LCU | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp, Iceland or Norway?
- Norway, at 3.79 trillion constant LCU against 3.56 trillion constant LCU in Iceland as of 2024.
- What is the difference in gdp between Iceland and Norway?
- 233.91 billion constant LCU, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 55 years are reported by both, from 1970 to 2024.
- How do Iceland and Norway rank globally for gdp?
- Iceland ranks 64th and Norway ranks 62nd of 212 countries.
- Where does this data come from?
- UNESCO Institute for Statistics, published as GDP (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
February 2026 Data Release