Iceland vs Norway: 24_International reserves (excluding gold), per unit of GDP

Iceland
0.1648 excluding gold per US$ of GDP
in 2025
Norway
0.1661 excluding gold per US$ of GDP
in 2025
Iceland rank
76th
Norway rank
75th

24_International reserves (excluding gold), per unit of GDP over time

  • Iceland
  • Norway
00.10.20.30.40.5199020072025

How they compare

Norway currently reports 0.1661 excluding gold per US$ of GDP against 0.1648 excluding gold per US$ of GDP in Iceland, a difference of 0.0013 excluding gold per US$ of GDP.

The two have swapped places 2 times across 36 shared years of data; in 1990 it was Norway ahead.

Iceland ranks 76th and Norway ranks 75th of 174 countries.

Across the 4 decades both report, Iceland averaged higher in 2 and Norway in 2.

Head to head by decade

Decade Iceland Norway Difference Ahead
1990s 0.0537 excluding gold per US$ of GDP 0.1387 excluding gold per US$ of GDP 0.0849 excluding gold per US$ of GDP Norway
2000s 0.0843 excluding gold per US$ of GDP 0.1354 excluding gold per US$ of GDP 0.0512 excluding gold per US$ of GDP Norway
2010s 0.297 excluding gold per US$ of GDP 0.1344 excluding gold per US$ of GDP 0.1625 excluding gold per US$ of GDP Iceland
2020s 0.2211 excluding gold per US$ of GDP 0.1587 excluding gold per US$ of GDP 0.0624 excluding gold per US$ of GDP Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher 24_international reserves (excluding gold), per unit of gdp, Iceland or Norway?
Norway, at 0.1661 excluding gold per US$ of GDP against 0.1648 excluding gold per US$ of GDP in Iceland as of 2025.
What is the difference in 24_international reserves (excluding gold), per unit of gdp between Iceland and Norway?
0.0013 excluding gold per US$ of GDP, with Norway ahead.
How many years of comparable data are there for Iceland and Norway?
36 years are reported by both, from 1990 to 2025.
How do Iceland and Norway rank globally for 24_international reserves (excluding gold), per unit of gdp?
Iceland ranks 76th and Norway ranks 75th of 174 countries.
Where does this data come from?
Statizoid (derived), published as 24_International reserves (excluding gold), per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Norway: 24_International reserves (excluding gold), per unit of GDP. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/compare/24-international-reserves-excluding-gold-per-unit-of-gdp/iceland/norway/

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About this data

Indicator
24_International reserves (excluding gold), per unit of GDP
Unit
excluding gold per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
174 places, 5,955 data points, 1990–2025
Last refreshed

24_International reserves (excluding gold) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.