In Iceland:
Gæludýr (Affection showing/receiving animal) are pets.
Húsdýr (House animal) refers to all domesticated animals, whether pets or livestock.
Búfé (Farm riches/animal) and Búsmali (Farm herdable) is specifically livestock.
In Sweden:
Sällskapsdjur (Companion animal) are pets.
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In Iceland:
Gæludýr (Affection showing/receiving animal) are pets.
Húsdýr (House animal) refers to all domesticated animals, whether pets or livestock.
Búfé (Farm riches/animal) and Búsmali (Farm herdable) is specifically livestock.
In Sweden:
Sällskapsdjur (Companion animal) are pets.