Comparisons / Comparison of Iceland and Norway

Comparison of Iceland and Norway [S]ave

Attribute
Norway
×

Iceland
×
Geography
Area (km²)323,802103,000
ContinentEuropeEurope
Land area (km²)304,282100,250
Water area (km²)19,5202,750
Land boundaries (km)2,5660
Border countries
  • Finland
  • Russia
  • Sweden
-
Coastline (km)25,1484,970
Mean elevation (m)460557
Lowest point (m)00
Highest point (m)2,4692,110
People
Population5,467,439350,734
Official languages
  • Bokmal Norwegian
  • Nynorsk Norwegian
Array of values
ReligionChurch of NorwayEvangelical Lutheran Church of Iceland
Government
Long country nameKingdom of NorwayRepublic of Iceland
Short country nameNorwayIceland
Long local nameKongeriket NorgeLydveldid Island
Short local nameNorgeIsland
Government typeParliamentary constitutional monarchyUnitary parliamentary republic
CapitalOsloReykjavik
Economy
GDP (PPP) (USD)381,200,000,00018,180,000,000
GDP (OER) (USD)398,800,000,00024,480,000,000
GDP (real growth rate) (%)1.94
GDP - per capita (PPP) (USD)72,10052,200
Gross national saving (% of GDP)34.325.8
Labor force2,797,000198,700
Unemployment rate (%)4.22.8
Budget revenues (USD)217,100,000,00010,390,000,000
Budget expenditures (USD)199,500,000,00010,020,000,000
Military expenditures (% of GDP)1.80.3
Taxes and other revenues (% of GDP)54.442.4
Budget surplus or deficit (% of GDP)4.41.5
Public debt (% of GDP)36.540
Inflation rate (%)1.91.8
Central bank discount rate (%)6.255.4
Commercial bank prime lending rate (%)2.897.26
Stock of narrow money (USD)237,700,000,0004,945,000,000
Stock of broad money (USD)237,700,000,0004,945,000,000
Stock of domestic credit (USD)640,400,000,00024,510,000,000
Market value of publicly traded shares (USD)193,900,000,0002,825,000,000
Current account balance (USD)22,010,000,000857,000,000
Exports (USD)102,800,000,0004,957,000,000
Imports (USD)95,060,000,0006,525,000,000
Reserves of foreign exchange and gold (USD)65,920,000,0006,567,000,000
External debt (USD)642,300,000,00021,700,000,000
National currencyNorwegian kronerIcelandic kronur
National currency (code)NOKISK
National currency (symbol)krkr
National currency rate to USD8.308111.7



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