Country comparison Iceland vs Norway

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Gouvernement
GDP Growth (%) [+]20251.3%chart1.1%2025GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q422,396Kchart20,556K2025Q4Qu. GDP Per Capita [+]
Annual GDP [+]2025€34,257Mchart€470,898M2025Annual GDP [+]
Annual GDP [+]2025$38,710Mchart$532,105M2025Annual GDP [+]
GDP per capita [+]2025€87,964chart€83,9502025GDP per capita [+]
GDP per capita [+]2025$99,397chart$95,1152025GDP per capita [+]
Quarterly GDP [+]2025Q4€8,722Mchart€114,999M2025Q4Quarterly GDP [+]
Debt (M.€.) [+]202318,027chart197,0492023Debt (M.€.) [+]
Debt ($M) [+]202319,498chart213,1242023Debt ($M) [+]
Debt (%GDP) [+]202361.55%chart44.13%2023Debt (%GDP) [+]
Debt Per Capita [+]2023€46,998chart€35,5032023Debt Per Capita [+]
Debt Per Capita [+]2023$50,833chart$38,3992023Debt Per Capita [+]
Deficit (M.€) [+]2024-1,138chart58,9642024Deficit (M.€) [+]
Deficit ($M) [+]2024-1,231chart63,8222024Deficit ($M) [+]
Deficit (%GDP) [+]2024-3.70%chart13.20%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202414,456.1chart221,049.92024Expenditure (M.€) [+]
Expenditure ($M) [+]202415,647.0chart239,260.02024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20231,978.2chart31,913.72022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20232,139.4chart32,392.92022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202314.83%chart14.47%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20242,318.3chart37,248.52024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20232,289.6chart39,211.52023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202316.06%chart17.37%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20190chart9,679.22024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20190chart10,113.12024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20200%chart4.53%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202447.10%chart49.50%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€37,120chart€39,5132024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$40,178chart$42,7682024Expenditure Per Capita [+]
Education Expenditure P.C [+]2023€5,211chart€5,8482022Education Expenditure P.C [+]
Education Expenditure P.C [+]2023$5,695chart$5,9162022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€6,044chart€6,7112024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$5,908chart$7,1442023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2019€0chart€1,7372024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2019$0chart$1,8112024Defence Expenditure P.C. [+]
Moody's Rating [+]09/20/2024A1Aaa06/07/2024Moody's Rating [+]
S&P Rating [+]03/06/2026A+AAA07/09/1975S&P Rating [+]
Fitch Rating [+]05/22/2020AAAA02/28/2020Fitch Rating [+]
Corruption Index [+]202372chart842023Corruption Index [+]
Competitiveness Ranking [+]201926ºchart17º2019Competitiveness Ranking [+]
Fragile States Index [+]202415.2chart12.72024Fragile States Index [+]
RTI Raking [+]2024115ºchart86º2024RTI Raking [+]
Innovation Ranking [+]202422ºchart21º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]January 20265.3%chart4.6%January 2026Unemployment Rate [+]
Unemployment rate [+]2025Q23.6%chart4.6%2025Q3Unemployment rate [+]
Unemployed [+]2025Q29Kchart141K2025Q3Unemployed [+]
NMW [+]2024$3,127.6
NMW [+]2024€2,830.5
Average Wage [+]2024$85,621chart$71,0852024Average Wage [+]
Average Wage [+]2024€79,104chart€65,6752024Average Wage [+]
Human Capital Ranking [+]201721ºchart1º2017Human Capital Ranking [+]
Markets
Euro / Icelandic kronas [+]03/06/2026144.9000chart11.172503/06/2026Euro / Norwegian krones [+]
US Dollar exchange rate [+]03/06/2026125.3400chart9.652303/05/2026US Dollar exchange rate [+]
4.36%03/06/202610-Year Bond Yield [+]
15003/06/2026Risk Premium [+]
Stock ExchangeYTD % [+]03/06/20261.53%chart14.26%03/06/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]February 20265.2%chart4.8%December 2023CPI (overall index) [+]
HICP [+]December 20254.0%chart3.0%December 2025HICP [+]
4.6%January 2026PPI Year on Year [+]
Money Market
Key rates [+]11/19/20257.25%chart4.00%09/19/2025Key rates [+]
Business
Doing Business [+]202026ºchart9º2020Doing Business [+]
6.4%January 2026IPI Year on Year [+]
Passengers vehicles Year [+]December 202420,014chart252,252December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202247.75chart38.26December 2022Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021695.18chart634.332021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202436.9%chart40.6%2024Tax Revenue (%GDP) [+]
Standard VAT [+]01/01/201524.00%chart25.00%01/01/2006Standard VAT [+]
Top tax rate + SSC [+]202244.4%chart47.4%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021698,000chart4,979,4002022Annual arrivals [+]
Exports [+]2025€6,429.3Mchart€151,645.8M2025Exports [+]
Exports [+]2025$7,265.0Mchart$171,356.7M2025Exports [+]
Exports % GDP [+]202518.77%chart32.20%2025Exports % GDP [+]
Imports [+]2025€9,513.7Mchart€93,455.9M2025Imports [+]
Imports [+]2025$10,750.3Mchart$105,603.3M2025Imports [+]
Imports % GDP [+]202527.77%chart19.85%2025Imports % GDP [+]
Trade balance [+]2025€-3,084.4Mchart€58,189.9M2025Trade balance [+]
Trade balance [+]2025$-3,485.3Mchart$65,753.4M2025Trade balance [+]
Trade balance % GDP [+]2025-9.00%chart12.36%2025Trade balance % GDP [+]
4.0%January 2026Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]20157ºchart2º2015Global AgeWatch Ranking [+]
Density [+]20244chart92024Density [+]
Global Peace Ranking [+]20241ºchart28º2024Global Peace Ranking [+]
Crude divorce rate [+]20201.90‰chart1.80‰2020Crude divorce rate [+]
Remittance received ($M) [+]2017171.9chart614.12017Remittance received ($M) [+]
% Immigrant [+]202017.74%chart15.81%2020% Immigrant [+]
% Emigrant [+]202011.73%chart3.55%2020% Emigrant [+]
Birth Rate [+]202411.20‰chart9.70‰2024Birth Rate [+]
Remittance sent ($M) [+]2017132.9chart2,237.92017Remittance sent ($M) [+]
Crude death rate [+]20246.80‰chart7.90‰2024Crude death rate [+]
Fertility Rate [+]20241.56chart1.452024Fertility Rate [+]
Crude marriage rate [+]20205.00‰chart3.30‰2020Crude marriage rate [+]
% risk of poverty [+]20208.8%chart11.6%2024% risk of poverty [+]
Population [+]2024389,444chart5,594,3402024Population [+]
Immigrant stock [+]202065,424chart852,2382020Immigrant stock [+]
Emigrant stock [+]202043,251chart191,3922020Emigrant stock [+]
HDI [+]20220.959chart0.9662022HDI [+]
Gender Gap Ranking [+]20241ºchart3º2024Gender Gap Ranking [+]
Life expectancy [+]202482.80chart83.202024Life expectancy [+]
Suicides [+]202448chart7282023Suicides [+]
Suicide rate [+]202412.33chart13.122023Suicide rate [+]
Number of homicides [+]20235chart402023Number of homicides [+]
Rate Homicides per 100.000 [+]20231.29chart0.722023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20238.79chart7.862023CO2 Tons per capita [+]
1,7912024Annual crude oil production [+]
8,122.22021Crude Oil Reserves [+]
Consumption GWh [+]202418,485chart128,7742024Consumption GWh [+]
Generation GWh [+]202419,057chart155,0192024Generation GWh [+]
Others
COVID-19 - Deaths [+]02/08/2026186chart5,73202/08/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]02/08/2026211,230chart1,550,56202/08/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]12/23/2023297,934chart4,061,31212/23/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]02/08/2026477.60chart1,024.6102/08/2026COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/2023903,424chart13,020,64112/23/2023Doses administered [+]
Iceland
Norway