Europe & Central Asia · High income
Norway: the economy in numbers
Per person: $94,594, or $104,044 at purchasing power parity. Population: 5.61 million (2025).
GDP in 2025, current US dollars: #31 of 204 economies. IMF forecast for 2026: +1.5%.
GDP
Adjusted for US inflation, in 2025 dollars: $56.4 billion in 1960, $531 billion in 2025.
GDP per capita
In 2025 dollars: $15,737 per person in 1960, $94,594 in 2025.
Real GDP growth
Average over 2016–2025: 1.6% a year. Years of falling GDP since 1961: 3 of 65.
Source: International Monetary Fund, World Economic Outlook (October 2026)
Inflation
Consumer prices rose by 82.5% from 2000 to 2025. Highest annual inflation: 13.6% in 1981.
Source: International Monetary Fund, World Economic Outlook (October 2026)
Government debt, % of GDP
Highest since 1980: 54.0% of GDP in 1993. IMF forecast for 2031: 26.0%.
Source: World Bank, World Development Indicators (CC BY 4.0)
Stock market capitalization, % of GDP
In 2019 listed domestic companies were worth $296 billion, or 69.7% of GDP.
Population
1960: 3.58 million · 2025: 5.61 million.
Unemployment rate
1991: 5.4% · 2025: 4.6%.
Life expectancy at birth
1960: 73.5 years · 2024: 83.2 years.
Exports of goods and services
1970: 35.3% · 2025: 45.4%.
Data by year
Show the year-by-year table
| Year | GDP | GDP per capita | Per capita, PPP | Real growth | Inflation | Gov. debt, % GDP | Population | Unemployment | Stock market, % GDP | Life expectancy | Exports, % GDP |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2031 | 1.1%f | 2.0%f | 26.0%f | ||||||||
| 2030 | 1.1%f | 2.0%f | 29.5%f | ||||||||
| 2029 | 1.1%f | 2.0%f | 33.0%f | ||||||||
| 2028 | 1.1%f | 2.3%f | 36.5%f | ||||||||
| 2027 | 1.3%f | 2.8%f | 40.0%f | ||||||||
| 2026 | 1.5%f | 3.2%f | 40.0%f | ||||||||
| 2025 | $531B | $94,594 | $104,044 | 1.1% | 3.0% | 54.0% | 5.61M | 4.6% | 45.4% | ||
| 2024 | $501B | $89,889 | $105,657 | 1.4% | 3.2% | 52.8% | 5.57M | 4.0% | 83.2 | 46.4% | |
| 2023 | $502B | $90,984 | $107,768 | 0.4% | 5.5% | 42.4% | 5.52M | 3.6% | 83.0 | 46.4% | |
| 2022 | $617B | $113,122 | $129,914 | 4.1% | 5.8% | 34.8% | 5.46M | 3.2% | 82.5 | 53.6% | |
| 2021 | $522B | $96,443 | $92,206 | 4.1% | 3.5% | 40.1% | 5.41M | 4.4% | 83.2 | 41.8% | |
| 2020 | $382B | $71,058 | $69,779 | −1.4% | 1.3% | 44.3% | 5.38M | 4.4% | 83.2 | 31.3% | |
| 2019 | $424B | $79,329 | $73,630 | 1.5% | 2.2% | 39.0% | 5.35M | 3.7% | 69.7% | 83.0 | 35.7% |
| 2018 | $455B | $85,579 | $72,618 | 1.1% | 2.7% | 38.1% | 5.31M | 3.8% | 58.8% | 82.8 | 37.3% |
| 2017 | $416B | $78,771 | $66,829 | 2.7% | 1.9% | 36.9% | 5.28M | 4.2% | 69.1% | 82.6 | 35.8% |
| 2016 | $383B | $73,222 | $61,250 | 1.3% | 3.5% | 36.7% | 5.23M | 4.7% | 60.3% | 82.4 | 35.1% |
| 2015 | $401B | $77,221 | $62,695 | 2.0% | 2.2% | 33.2% | 5.19M | 4.3% | 48.4% | 82.3 | 37.8% |
| 2014 | $516B | $100,410 | $68,196 | 2.1% | 2.1% | 28.8% | 5.14M | 3.5% | 42.5% | 82.1 | 39.0% |
| 2013 | $540B | $106,333 | $69,186 | 1.3% | 2.1% | 30.6% | 5.08M | 3.4% | 49.1% | 81.8 | 39.2% |
| 2012 | $525B | $104,628 | $67,353 | 2.8% | 0.7% | 30.2% | 5.02M | 3.1% | 46.2% | 81.5 | 40.6% |
| 2011 | $513B | $103,545 | $63,894 | 1.4% | 1.3% | 28.9% | 4.95M | 3.2% | 43.1% | 81.3 | 41.0% |
| 2010 | $440B | $90,020 | $59,439 | 1.0% | 2.4% | 42.1% | 4.89M | 3.5% | 67.1% | 81.0 | 39.6% |
| 2009 | $396B | $81,940 | $56,750 | −1.6% | 2.2% | 41.7% | 4.83M | 3.1% | 57.4% | 80.8 | 39.2% |
| 2008 | $472B | $99,002 | $63,026 | 0.8% | 3.7% | 46.8% | 4.77M | 2.5% | 30.9% | 80.6 | 45.7% |
| 2007 | $408B | $86,600 | $56,901 | 3.4% | 0.8% | 48.9% | 4.71M | 2.5% | 87.0% | 80.4 | 42.5% |
| 2006 | $350B | $75,048 | $54,805 | 2.8% | 2.3% | 52.2% | 4.66M | 3.4% | 80.3% | 80.3 | 44.2% |
| 2005 | $311B | $67,358 | $48,189 | 3.0% | 1.5% | 42.1% | 4.62M | 4.4% | 61.4% | 80.0 | 43.2% |
| 2004 | $266B | $57,855 | $42,731 | 4.3% | 0.5% | 43.8% | 4.59M | 4.3% | 53.2% | 79.8 | 41.0% |
| 2003 | $229B | $50,208 | $38,647 | 1.1% | 2.5% | 43.1% | 4.56M | 4.2% | 41.9% | 79.4 | 39.7% |
| 2002 | $195B | $43,048 | $37,948 | 1.5% | 1.3% | 34.0% | 4.54M | 4.0% | 32.8% | 79.0 | 40.6% |
| 2001 | $174B | $38,458 | $37,689 | 2.2% | 3.0% | 27.3% | 4.51M | 3.7% | 40.0% | 78.8 | 45.2% |
| 2000 | $171B | $37,992 | $36,814 | 3.4% | 3.1% | 28.8% | 4.49M | 3.5% | 38.5% | 78.6 | 45.8% |
| 1999 | $161B | $36,151 | $30,371 | 2.2% | 2.4% | 25.1% | 4.46M | 3.2% | 39.5% | 78.3 | 38.6% |
| 1998 | $153B | $34,516 | $27,967 | 2.7% | 2.3% | 23.8% | 4.43M | 3.7% | 30.3% | 78.3 | 37.1% |
| 1997 | $160B | $36,324 | $28,372 | 5.1% | 2.6% | 26.0% | 4.41M | 4.7% | 41.6% | 78.1 | 40.4% |
| 1996 | $162B | $37,073 | $26,647 | 5.0% | 1.3% | 28.6% | 4.38M | 5.0% | 35.0% | 78.2 | 39.7% |
| 1995 | $151B | $34,659 | $24,209 | 4.2% | 2.5% | 32.9% | 4.36M | 6.3% | 29.5% | 77.7 | 36.8% |
| 1994 | $126B | $29,130 | $22,881 | 5.0% | 1.4% | 51.0% | 4.34M | 5.3% | 28.9% | 77.7 | 37.0% |
| 1993 | $120B | $27,793 | $21,452 | 2.9% | 2.3% | 54.0% | 4.31M | 6.0% | 22.8% | 77.2 | 36.9% |
| 1992 | $130B | $30,328 | $20,491 | 3.6% | 2.3% | 45.3% | 4.29M | 5.9% | 13.7% | 77.2 | 36.8% |
| 1991 | $121B | $28,427 | $19,464 | 2.9% | 3.4% | 39.5% | 4.26M | 5.4% | 18.2% | 77.0 | 38.8% |
| 1990 | $119B | $28,137 | $18,392 | 2.0% | 4.1% | 29.1% | 4.24M | 21.9% | 76.5 | 38.9% | |
| 1989 | $102B | $24,185 | 1.0% | 4.5% | 32.5% | 4.23M | 24.7% | 76.5 | 36.6% | ||
| 1988 | $101B | $24,112 | −0.3% | 6.7% | 32.6% | 4.21M | 15.5% | 76.2 | 31.8% | ||
| 1987 | $93.9B | $22,430 | 1.7% | 8.7% | 38.6% | 4.19M | 12.7% | 76.1 | 31.3% | ||
| 1986 | $78.4B | $18,822 | 4.0% | 7.2% | 46.1% | 4.17M | 12.9% | 76.2 | 33.2% | ||
| 1985 | $65.2B | $15,704 | 5.6% | 5.7% | 37.0% | 4.15M | 15.4% | 75.9 | 41.5% | ||
| 1984 | $61.9B | $14,943 | 6.1% | 6.2% | 35.3% | 4.14M | 93.6% | 76.2 | 41.7% | ||
| 1983 | $61.4B | $14,877 | 3.9% | 8.5% | 35.5% | 4.13M | 7.5% | 76.1 | 40.9% | ||
| 1982 | $62.5B | $15,178 | 0.2% | 11.3% | 38.6% | 4.11M | 3.8% | 76.0 | 40.6% | ||
| 1981 | $63.4B | $15,463 | 1.7% | 13.6% | 43.5% | 4.1M | 5.3% | 75.9 | 42.2% | ||
| 1980 | $64.2B | $15,708 | 4.5% | 10.9% | 47.9% | 4.09M | 75.7 | 42.1% | |||
| 1979 | $52.9B | $12,998 | 4.4% | 4.5% | 4.07M | 75.4 | 38.6% | ||||
| 1978 | $46.4B | $11,421 | 3.9% | 8.2% | 4.06M | 75.4 | 35.6% | ||||
| 1977 | $41.4B | $10,230 | 4.2% | 9.1% | 4.04M | 75.4 | 33.7% | ||||
| 1976 | $35.8B | $8,896 | 5.8% | 9.2% | 4.03M | 75.0 | 35.3% | ||||
| 1975 | $32.7B | $8,171 | 4.9% | 11.7% | 4.01M | 74.8 | 35.4% | ||||
| 1974 | $27B | $6,783 | 4.0% | 9.4% | 3.99M | 74.8 | 38.9% | ||||
| 1973 | $22.4B | $5,664 | 4.5% | 7.4% | 3.96M | 74.4 | 36.5% | ||||
| 1972 | $17.3B | $4,395 | 5.3% | 7.3% | 3.93M | 74.3 | 34.0% | ||||
| 1971 | $14.5B | $3,721 | 5.7% | 6.2% | 3.9M | 74.2 | 33.7% | ||||
| 1970 | $12.8B | $3,291 | 1.9% | 10.6% | 3.88M | 74.1 | 35.3% | ||||
| 1969 | $11.1B | $2,881 | 4.5% | 3.0% | 3.85M | 73.7 | |||||
| 1968 | $10.2B | $2,667 | 2.3% | 3.4% | 3.82M | 73.9 | |||||
| 1967 | $9.53B | $2,519 | 6.3% | 4.6% | 3.78M | 74.1 | |||||
| 1966 | $8.71B | $2,321 | 3.8% | 3.3% | 3.75M | 74.0 | |||||
| 1965 | $8.07B | $2,168 | 5.3% | 4.2% | 3.72M | 73.7 | |||||
| 1964 | $7.17B | $1,941 | 5.0% | 5.9% | 3.69M | 73.6 | |||||
| 1963 | $6.52B | $1,779 | 3.8% | 2.5% | 3.67M | 73.1 | |||||
| 1962 | $6.08B | $1,670 | 2.8% | 5.3% | 3.64M | 73.4 | |||||
| 1961 | $5.64B | $1,563 | 6.3% | 2.2% | 3.61M | 73.6 | |||||
| 1960 | $5.17B | $1,444 | 0.4% | 3.58M | 73.5 |
e: IMF estimate; f: IMF forecast.
Nearby economies in Europe & Central Asia
Nearest by distance between capitals, with GDP per capita.
Albania · Andorra · Armenia · Austria · Azerbaijan · Belarus · Belgium · Bosnia and Herzegovina · Bulgaria · Channel Islands · Croatia · Cyprus · Czechia · Denmark · Estonia · Faroe Islands · Finland · France · Georgia · Germany · Gibraltar · Greece · Greenland · Hungary · Iceland · Ireland · Isle of Man · Italy · Kazakhstan · Kosovo · Kyrgyzstan · Latvia · Liechtenstein · Lithuania · Luxembourg · Moldova · Monaco · Montenegro · Netherlands · North Macedonia · Norway · Poland · Portugal · Romania · Russia · San Marino · Serbia · Slovakia · Slovenia · Spain · Sweden · Switzerland · Tajikistan · Turkmenistan · Türkiye · Ukraine · United Kingdom · Uzbekistan
Rankings
GDP by country · GDP per capita · Real GDP growth · Inflation by country · Government debt to GDP · Stock market to GDP · Population by country · Unemployment by country
Data and methods
- GDP: gross domestic product in current US dollars, converted from the local currency at market exchange rates (World Bank); not adjusted for inflation.
- Purchasing power parity (PPP): GDP per person in international dollars, which buy the same basket of goods and services in every country. It compares living standards across countries in the same year; it is not adjusted for inflation over time.
- In 2025 dollars: the charts can remove US inflation (US consumer price index, annual average) so that dollar amounts from different years compare in today's money. Exchange rate swings still show.
- Growth and inflation: World Bank data (calendar years). Years the World Bank does not cover yet, and the estimates and forecasts, come from the IMF World Economic Outlook (October 2026): its forecasts start in 2026, and the years after a country's last actual year are IMF estimates.
- Government debt: gross debt of the general government (central, state and local government and social security funds) as a percentage of GDP, IMF. The World Bank's central government debt is narrower and covers fewer countries.
- Stock market capitalization: the end-of-year value of domestic companies listed on the country's exchanges (World Federation of Exchanges via the World Bank; before 2016, Standard & Poor's), as a percentage of GDP: the “Buffett indicator”. Investment funds are excluded, and so are companies listed only abroad; companies from elsewhere that list on an exchange count for its country (Hong Kong lists many mainland Chinese companies).
- Unemployment: ILO modeled estimates (share of the labor force); comparable across countries, but they may differ from national figures.
Source: World Bank, World Development Indicators (CC BY 4.0)
Source: International Monetary Fund, World Economic Outlook (October 2026)