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Iceland vs Norway statistics compared

Updated on by Georank team

Iceland has a population of 387K (ranked 173/197), compared with 5.57M in Norway (ranked 118/197). Iceland's land area is 38,931 sq mi versus 140,645 sq mi for Norway (ranked 104th vs. 62nd).

By GDP, Iceland ranks 108/197 ($33.3B) and Norway ranks 32/197 ($484B). By GDP per capita, Iceland ranks 9/197 ($86,041), while Norway ranks 8/197 ($86,785).

Main facts and rankings

Iceland Norway
Population
397129
5671119
Population rank 173/197 119/197
GDP
$33.3B
2024
$484B
2024
GDP rank 108/197 32/197
GDP per capita
$86,041
2024
$86,785
2024
GDP per capita rank 9/197 8/197
GDP per capita, PPP
$84,257
2024
$102,038
2024
Government debt
$19.8B
2024
$207B
2024
Debt-to-GDP ratio
59.4%
2024
42.7%
2024
Government debt per person
$51,148
2024
$37,074
2024
Government debt per person rank 9/185 17/185
Average annual personal income after taxes
$55,565
2026
$49,765
2026
Land area 38,931 sq mi 140,645 sq mi
Population density
10.2 ppl/mi²
2026
40.3 ppl/mi²
2026
Fertility rate
1.59
2023
1.4
2023
Median age
37.1 years
2024
40.7 years
2024
Life expectancy
83.3 years
2026
83.8 years
2026

Iceland and Norway: Comparison Charts

Iceland and Norway economies compared

GDP
Iceland

Norway
1x
Year GDP
Iceland Norway
2024 $33,255,181,469 $483,592,648,313
2023 $31,677,891,897 $482,949,731,777
2022 $29,166,102,877 $596,297,651,036
2021 $26,234,872,402 $503,367,986,030
2020 $22,034,665,041 $367,633,418,887
2019 $24,985,687,022 $408,742,840,909
2018 $26,677,652,544 $439,788,625,884
2017 $25,060,086,488 $401,745,275,035
2016 $21,083,713,310 $370,956,547,619
2015 $17,700,486,957 $388,159,512,246
2014 $18,052,183,515 $501,736,471,833
2013 $16,244,319,959 $526,014,468,085
2012 $14,943,757,823 $512,777,309,841
2011 $15,394,005,872 $501,360,549,669
2010 $13,922,711,577 $431,052,143,940
2009 $13,212,543,838 $387,976,400,617
2008 $18,247,921,360 $464,917,553,191
2007 $21,960,110,030 $402,643,260,488
2006 $17,671,649,843 $346,915,160,682
2005 $17,146,410,561 $309,978,579,744
2004 $13,963,943,244 $265,268,662,473
2003 $11,564,687,742 $229,385,469,337
2002 $9,416,199,700 $195,914,852,576
2001 $8,323,401,820 $174,239,354,071
2000 $9,140,168,922 $171,457,201,936
1999 $9,107,644,691 $162,383,706,021
1998 $8,637,732,542 $154,230,295,158
1997 $7,716,781,803 $161,356,631,888
1996 $7,686,566,105 $163,520,109,151
1995 $7,372,640,169 $152,029,612,325
1994 $6,612,804,056 $127,131,319,429
1993 $6,435,952,174 $120,579,213,713
1992 $7,328,497,599 $130,838,040,068
1991 $7,151,260,062 $121,872,464,483
1990 $6,694,851,159 $119,791,843,060
1989 $5,870,854,233 $102,633,934,391
1988 $6,320,093,411 $101,900,260,856
1987 $5,713,281,235 $94,229,907,236
1986 $4,129,080,094 $78,693,118,044
1985 $3,088,359,967 $65,416,879,914
1984 $2,964,568,006 $62,057,955,033
1983 $2,862,634,164 $61,627,240,831
1982 $3,318,714,326 $62,647,195,538
1981 $3,615,094,820 $63,596,654,761
1980 $3,499,616,683 $64,439,382,896
1979 $2,953,176,971 $53,132,244,624
1978 $2,599,627,089 $46,522,900,254
1977 $2,285,707,749 $41,508,030,431
1976 $1,727,845,419 $35,942,270,686
1975 $1,456,052,700 $32,877,805,200
1974 $1,568,154,077 $27,145,693,810
1973 $1,194,794,186 $22,534,253,703
1972 $869,002,946 $17,358,610,850
1971 $693,679,545 $14,583,114,840
1970 $545,115,909 $12,814,123,115
1969 $435,659,610 $11,136,187,440
1968 $498,365,200 $10,227,087,165
1967 $652,609,076 $9,577,383,653
1966 $660,663,763 $8,753,940,267
1965 $550,150,988 $8,111,945,661
1964 $456,206,299 $7,206,522,122
1963 $357,240,896 $6,553,269,536
1962 $299,309,938 $6,107,076,929
1961 $266,711,460 $5,669,689,210
1960 $260,984,499 $5,197,398,721

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/iceland/norway | CC BY

Iceland and Norway economies compared

GDP per capita
Iceland

Norway
1x
Year GDP per capita
Iceland Norway
2024 $86,041 $86,785
2023 $82,139 $87,497
2022 $76,350 $109,270
2021 $70,425 $93,073
2020 $60,128 $68,340
2019 $69,296 $76,431
2018 $75,634 $82,793
2017 $72,976 $76,132
2016 $62,854 $70,867
2015 $53,506 $74,810
2014 $55,140 $97,667
2013 $50,173 $103,554
2012 $46,595 $102,176
2011 $48,255 $101,222
2010 $43,776 $88,163
2009 $41,484 $80,348
2008 $57,489 $97,504
2007 $70,483 $85,502
2006 $58,172 $74,434
2005 $57,784 $67,047
2004 $47,810 $57,769
2003 $39,944 $50,250
2002 $32,749 $43,171
2001 $29,208 $38,602
2000 $32,504 $38,178
1999 $32,834 $36,393
1998 $31,519 $34,803
1997 $28,462 $36,629
1996 $28,584 $37,322
1995 $27,565 $34,876
1994 $24,858 $29,316
1993 $24,404 $27,964
1992 $28,072 $30,524
1991 $27,740 $28,597
1990 $26,272 $28,243
1989 $23,219 $24,281
1988 $25,307 $24,207
1987 $23,238 $22,506
1986 $16,980 $18,883
1985 $12,793 $15,754
1984 $12,378 $14,989
1983 $12,080 $14,928
1982 $14,191 $15,225
1981 $15,666 $15,513
1980 $15,340 $15,772
1979 $13,082 $13,047
1978 $11,630 $11,463
1977 $10,305 $10,266
1976 $7,848 $8,927
1975 $6,680 $8,204
1974 $7,287 $6,812
1973 $5,627 $5,690
1972 $4,155 $4,414
1971 $3,366 $3,736
1970 $2,666 $3,306
1969 $2,142 $2,894
1968 $2,473 $2,680
1967 $3,284 $2,531
1966 $3,378 $2,333
1965 $2,861 $2,179
1964 $2,414 $1,951
1963 $1,924 $1,787
1962 $1,641 $1,678
1961 $1,490 $1,571
1960 $1,486 $1,451

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/iceland/norway | CC BY

Iceland vs. Norway life expectancy calculator

Life expectancy
Iceland

Norway
1x
Year Life expectancy, years
Iceland Norway
2026 83.3 83.8
2025 83.2 83.6
2024 83 83.5
2023 82.7 83.3
2022 81.6 82.6
2021 82.8 83.2
2020 82.7 83.2
2019 82.8 83
2018 82.5 82.8
2017 82.2 82.6
2016 81.8 82.4
2015 82.2 82.3
2014 82.4 82.1
2013 81.7 81.7
2012 82.3 81.4
2011 82 81.2
2010 81.6 81
2009 81.4 80.9
2008 81.2 80.7
2007 81.1 80.5
2006 80.9 80.4
2005 81.2 80.2
2004 80.7 80
2003 80.8 79.5
2002 80.3 79
2001 80.4 78.9
2000 79.5 78.7
1999 79.2 78.4
1998 79.4 78.4
1997 78.7 78.2
1996 78.6 78.2
1995 77.5 77.8
1994 79 77.8
1993 78.8 77.2
1992 78.6 77.2
1991 77.8 77
1990 77.7 76.6
1989 77.9 76.5
1988 76.9 76.3
1987 77.1 76.1
1986 77.9 76.3
1985 77.4 75.9
1984 77.3 76.2
1983 76.4 76.1
1982 76.8 76
1981 76.2 75.9
1980 76.6 75.7
1979 76.5 75.4
1978 76.4 75.4
1977 76.1 75.4
1976 76.6 75
1975 75.3 74.8
1974 74.1 74.8
1973 74.3 74.4
1972 74.4 74.3
1971 73.5 74.2
1970 73.8 74.1
1969 73.7 73.7
1968 73.9 73.9
1967 73.7 74.1
1966 73.1 74
1965 73.8 73.7
1964 73.5 73.6
1963 72.9 73.1
1962 73.6 73.5
1961 73.4 73.6
1960 74 73.6
1959 72.6 73.6
1958 73.3 73.4
1957 73.4 73.4
1956 72.9 73.5
1955 73.3 73.4
1954 73.3 73.2
1953 72.3 73.1
1952 72.4 72.7
1951 71 72.5
1950 71 71.6

Data sources: United Nations | World Population Prospects (1950–2026, retrieved 2026-03-10).

GeoRank.org/facts/iceland/norway | CC BY

Iceland and Norway population clocks and comparison

Population
Iceland

Norway
1x
Year Population
Iceland Norway
2024 386,506 5,572,279
2023 385,663 5,519,601
2022 382,003 5,457,127
2021 372,520 5,408,320
2020 366,463 5,379,475
2019 360,563 5,347,896
2018 352,721 5,311,916
2017 343,400 5,276,968
2016 335,439 5,234,519
2015 330,815 5,188,607
2014 327,386 5,137,232
2013 323,764 5,079,623
2012 320,716 5,018,573
2011 319,014 4,953,088
2010 318,041 4,889,252
2009 318,499 4,828,726
2008 317,414 4,768,212
2007 311,566 4,709,153
2006 303,782 4,660,677
2005 296,734 4,623,291
2004 292,074 4,591,910
2003 289,521 4,564,855
2002 287,523 4,538,159
2001 284,968 4,513,751
2000 281,205 4,490,967
1999 277,381 4,461,913
1998 274,047 4,431,464
1997 271,128 4,405,157
1996 268,916 4,381,336
1995 267,468 4,359,184
1994 266,021 4,336,613
1993 263,725 4,311,991
1992 261,057 4,286,401
1991 257,797 4,261,732
1990 254,826 4,241,473
1989 252,852 4,226,901
1988 249,740 4,209,488
1987 245,859 4,186,905
1986 243,180 4,167,354
1985 241,405 4,152,516
1984 239,511 4,140,099
1983 236,977 4,128,432
1982 233,860 4,114,787
1981 230,755 4,099,702
1980 228,138 4,085,620
1979 225,735 4,072,517
1978 223,537 4,058,671
1977 221,799 4,043,205
1976 220,154 4,026,152
1975 217,979 4,007,313
1974 215,209 3,985,258
1973 212,317 3,960,612
1972 209,137 3,933,004
1971 206,098 3,903,039
1970 204,438 3,875,763
1969 203,369 3,847,707
1968 201,488 3,816,486
1967 198,751 3,784,539
1966 195,570 3,753,012
1965 192,286 3,723,168
1964 188,983 3,694,339
1963 185,653 3,666,537
1962 182,378 3,638,918
1961 179,029 3,609,800
1960 175,574 3,581,239

Data sources: World Bank | Health (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/iceland/norway | CC BY

Fertility rates in Iceland and Norway

Fertility rate
Iceland

Norway
1x
Year Fertility rate
Iceland Norway
2023 1.59 1.4
2022 1.59 1.41
2021 1.82 1.55
2020 1.72 1.48
2019 1.74 1.53
2018 1.71 1.56
2017 1.71 1.62
2016 1.74 1.71
2015 1.8 1.72
2014 1.93 1.75
2013 1.93 1.78
2012 2.04 1.85
2011 2.02 1.88
2010 2.2 1.95
2009 2.23 1.98
2008 2.15 1.96
2007 2.09 1.9
2006 2.08 1.9
2005 2.05 1.84
2004 2.04 1.83
2003 1.99 1.8
2002 1.93 1.75
2001 1.95 1.78
2000 2.08 1.85
1999 1.99 1.85
1998 2.05 1.81
1997 2.04 1.86
1996 2.12 1.89
1995 2.08 1.87
1994 2.14 1.87
1993 2.22 1.86
1992 2.21 1.88
1991 2.18 1.92
1990 2.3 1.93
1989 2.19 1.89
1988 2.26 1.84
1987 2.06 1.74
1986 1.92 1.71
1985 1.93 1.68
1984 2.08 1.66
1983 2.24 1.66
1982 2.27 1.71
1981 2.33 1.7
1980 2.48 1.72
1979 2.49 1.75
1978 2.35 1.77
1977 2.31 1.75
1976 2.52 1.86
1975 2.65 1.98
1974 2.66 2.13
1973 2.94 2.23
1972 3.09 2.38
1971 2.92 2.49
1970 2.81 2.5
1969 2.99 2.7
1968 3.06 2.75
1967 3.28 2.81
1966 3.59 2.9
1965 3.73 2.94
1964 3.88 2.98
1963 3.99 2.93
1962 3.98 2.91
1961 3.88 2.94
1960 4.29 2.85

Data sources: World Bank | Health (1960–2023, retrieved 2026-04-06).

GeoRank.org/facts/iceland/norway | CC BY

Iceland and Norway demographics compared

Median age
Iceland

Norway
1x
Year Median age, years
Iceland Norway
2024 37.1 40.7
2023 36.9 40.5
2022 36.7 40.4
2021 36.7 40.3
2020 36.6 40
2019 36.5 39.8
2018 36.4 39.6
2017 36.3 39.4
2016 36.2 39.3
2015 36 39.2
2014 35.7 39
2013 35.5 38.9
2012 35.4 38.8
2011 35.1 38.7
2010 34.9 38.6
2009 34.6 38.5
2008 34.5 38.4
2007 34.6 38.3
2006 34.5 38.1
2005 34.2 37.9
2004 34 37.7
2003 33.7 37.5
2002 33.4 37.3
2001 33 37.1
2000 32.8 36.9
1999 32.6 36.7
1998 32.4 36.5
1997 32.1 36.4
1996 31.8 36.2
1995 31.5 36.1
1994 31.1 35.9
1993 30.8 35.8
1992 30.5 35.7
1991 30.2 35.5
1990 30 35.4
1989 29.6 35.2
1988 29.3 35.1
1987 29.1 34.9
1986 28.8 34.8
1985 28.4 34.6
1984 28 34.4
1983 27.7 34.1
1982 27.5 33.9
1981 27.2 33.6
1980 26.9 33.3
1979 26.7 33.1
1978 26.4 32.9
1977 26 32.7
1976 25.7 32.6
1975 25.4 32.5
1974 25.1 32.4
1973 24.9 32.4
1972 24.8 32.5
1971 24.7 32.7
1970 24.5 32.9
1969 24.3 33.2
1968 24.2 33.5
1967 24.1 33.7
1966 24.1 33.9
1965 24.2 34.1
1964 24.4 34.2
1963 24.7 34.3
1962 24.9 34.4
1961 25.2 34.4
1960 25.4 34.3

Data sources: World Bank | Health (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/iceland/norway | CC BY

Interactive Maps

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National statistics comparison

Finance

Iceland Norway
GNI, Atlas method
$31.8B
2024
$547B
2024
Government expenditure, % of GDP
46.5%
2024
48.5%
2024
Education expenditure, % of GDP
7.29%
2022
5.46%
2022
Military expenditure, % of GDP n/a
2.09%
2024
Armed forces personnel
0
2020
25,000
2020
Deficit/surplus, % of GDP
-3.51%
2024
+13.2%
2024
Unemployment rate
3.56%
2024
3.98%
2024
Services, % of GDP
64.9%
2024
51.8%
2024
Industry, % of GDP
20.1%
2024
37%
2024
Economic freedom index
75
2026
78.8
2026
Income share by richest 10%
22.4%
2019
21.6%
2023
Income share by poorest 10%
3.7%
2019
3.6%
2023
Number of millionaires n/a
348,000
2025
Percentage of millionaires n/a
8.03%
2025
Number of billionaires
1
2025
17
2025
Percentage of billionaires
0.0003%
2025
0.0004%
2025
Listed domestic companies
34
2004
180
2017
Market capitalization of domestic companies n/a
$296B
2019
Total reserves including gold
$6.4B
2024
$81.2B
2024
Personal remittances received
$246M
2024
$947M
2024
International tourist arrivals
488,000
2020
1,397,000
2020
International tourism as share of exports
11.9%
2008
1.86%
2020
Banked people share
99.9%
2024
98.6%
2024

Energy

Iceland Norway
Energy use, kg of oil equivalent per capita
15,686 kg
2023
4,885 kg
2023
GDP PPP per kg equivalent of energy use
$5.2
2023
$21.2
2023
Carbon dioxide (CO2) emissions
3.29 megatons
2024
40 megatons
2024
CO2 emissions per capita
8.52 tons
2024
7.18 tons
2024
Fossil fuel energy use share
10.3%
2023
46.3%
2023
Renewable energy use share
82.4%
2021
61.4%
2021
Alternative and nuclear energy use share
88.8%
2023
48.2%
2023
Net energy imports use share
20.5%
2009
-704%
2023
Electric power consumption per capita
50,951 kWh
2023
23,520 kWh
2023
Renewable electricity output share
100%
2016
99.1%
2021
Hydroelectric share
70.3%
2023
89.1%
2023
Nuclear share
0%
2021
0%
2021
Electricity access
100%
2023
100%
2023

Society

Iceland Norway
% of world population
0.005%
2024
0.07%
2024
Annual migration change
+2,709
2025
+29,798
2025
Urban population
94.2%
2024
83.3%
2024
Male:Female ratio
51.2:48.8
2024
50.4:49.6
2024
Average male height
5.97 ft
2025
5.92 ft
2025
Average female height
5.54 ft
2025
5.46 ft
2025
Quality of life index
93.6
2026
94.8
2026
Corruption Perceptions Index
77
2025
81
2025
Higher education index
79
2026
93
2026
Homicides per 100K people
1.07
2022
0.73
2023
Road traffic mortality per 100K people
2
2019
2.1
2019
Visa free countries
168
2025
172
2025
Adult literacy rate
99%
2003
95%
2013
English speaking
98%
2023
87.6%
2023
People using the Internet
99.8%
2023
99%
2023

Health

Iceland Norway
Government health expenditure per capita
$7,642
2024
$8,296
2023
Out-of-pocket health expenditure per capita
$1,137
2024
$1,136
2023
Life expectancy
83.3 years
2026
83.8 years
2026
Foreign aid share of health expenditure
0%
2023
0%
2023
Physicians per 1,000 people
4.37
2023
4.97
2023
Age at first childbirth
28.8 years
2023
30.1 years
2023
Maternal mortality per 100K births
3
2023
1
2023
Mortality rate before reaching 5 years of age
2.6
2023
2.4
2023
Obesity rate
21.8%
2022
19.5%
2022
Diabetes prevalence
6.9%
2024
4.8%
2024
Air quality index
98
2026
87
2026
Tobacco use prevalence
9.4%
2022
14.2%
2022
Pure alcohol consumption per capita
7.94 liters
2020
7.38 liters
2020

Territory

Iceland Norway
% of world land
0.07%
2026
0.24%
2026
Land area per capita
100,725 sq mi
2024
25,240 sq mi
2024
Agricultural land area
6,324 sq mi
2026
3,792 sq mi
2026
Forest area
205.8 sq mi
2026
47,118 sq mi
2026
Roads length
8,014 mi
2012
60,737 mi
2025

In-depth comparisons

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Data sources:

  1. World Bank | Health (1960–2025, retrieved 2026-04-06)
  2. United Nations | World Population Prospects (1950–2026, retrieved 2026-03-10)
  3. U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (2000–2019, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. World Obesity Federation (2022, retrieved 2026-02-08)
  8. United Nations Economic Commission for Europe (UNECE) (2023, retrieved 2026-03-10)
  9. Passport Index (2025, retrieved 2026-02-08)
  10. Transparency International (2025, retrieved 2026-02-10)
  11. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  12. EduRank (2026, retrieved 2025-10-13)

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