What is the difference in gdp between Iceland and Norway?

581.59 billion current 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.

Where does this data come from?

UNESCO Institute for Statistics, published as GDP (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Iceland vs Norway: GDP

Iceland

4.62 trillion current LCU

in 2024

Norway

5.20 trillion current LCU

in 2024

Iceland rank

72nd

Norway rank

69th

GDP over time

Iceland
Norway

How they compare

Norway currently reports 5.20 trillion current LCU against 4.62 trillion current LCU in Iceland, a difference of 581.59 billion current 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 72nd and Norway ranks 69th of 208 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	3.08 billion current LCU	169.10 billion current LCU	166.02 billion current LCU	Norway
1980s	132.82 billion current LCU	519.57 billion current LCU	386.75 billion current LCU	Norway
1990s	480.40 billion current LCU	969.50 billion current LCU	489.10 billion current LCU	Norway
2000s	1.11 trillion current LCU	1.97 trillion current LCU	859.29 billion current LCU	Norway
2010s	2.27 trillion current LCU	3.14 trillion current LCU	871.07 billion current LCU	Norway
2020s	3.81 trillion current LCU	4.76 trillion current LCU	955.84 billion current LCU	Norway

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gdp, Iceland or Norway?: Norway, at 5.20 trillion current LCU against 4.62 trillion current LCU in Iceland as of 2024.
What is the difference in gdp between Iceland and Norway?: 581.59 billion current 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 72nd and Norway ranks 69th of 208 countries.
Where does this data come from?: UNESCO Institute for Statistics, published as GDP (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Norway: GDP. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 16 August 2026, from https://population.statizoid.com/compare/gdp-current-lcu-2/iceland/norway/

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About this data

Indicator: GDP (current LCU)
Unit: current LCU
Source: UNESCO Institute for Statistics
Licence: CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage: 211 places, 10,385 data points, 1970–2024
Last refreshed: 16 August 2026

February 2026 Data Release