Which has a higher GDP, Norway or Iceland?

Norway has a higher GDP. Norway: $517.1B. Iceland: $38.4B (2025).

How does Norway's GDP per capita compare to Iceland?

Iceland has a higher GDP per capita. Norway: $91,884. Iceland: $98,150 (2025).

Norway has a higher population. Norway: 5.6M. Iceland: 394,600 (2025).

Iceland has a higher inflation rate. Norway: 2.40%. Iceland: 4.22% (2025).

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Side-by-side comparison - Consumer Price Index

In 2025, Norway's consumer price index was 151.76 compared to 182.90 in Iceland. Iceland was higher by 31.13.

Norway vs Iceland — Consumer Price Index