The gross domestic product (GDP) in current prices in Norway amounted to about 483.73 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 419.29 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 108.24 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The Gross Domestic Product (GDP) in Norway contracted 0.10 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Norway GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Norway was worth 483.73 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Norway represents 0.46 percent of the world economy. This dataset provides the latest reported value for - Norway GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Norway contracted 0.40 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Norway GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The latest data from show economic growth of -0.7 percent, which is a decrease from the rate of growth of -0.2 percent in the previous quarter and
a decrease compared to the growth rate of 1.3 percent in the same quarter last year. The economic growth time series for Norway cover the period from...

In 2024, the growth of the real gross domestic product (GDP) in Norway amounted to approximately 2.10 percent. Between 1980 and 2024, the figure dropped by around 2.42 percentage points, though the decline followed an uneven course rather than a steady trajectory. The growth is forecast to decline by about 0.77 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

After decreasing by three percent in 2020, the gross domestic product (GDP) of Norway increased by four percent in 2021. It continued to grow in 2022, before the increasing inflation slowed the growth.

GDP, billion currency units in Norway, March, 2025 The most recent value is 1385.95 billion Norwegian Krone as of Q1 2025, an increase compared to the previous value of 1378.72 billion Norwegian Krone. Historically, the average for Norway from Q1 1978 to Q1 2025 is 485.16 billion Norwegian Krone. The minimum of 56.58 billion Norwegian Krone was recorded in Q1 1978, while the maximum of 1586.1 billion Norwegian Krone was reached in Q3 2022. | TheGlobalEconomy.com

Norway's oil industry is expected to contribute 20.5 percent to the country's GDP in 2025, highlighting its continued importance to the national economy. This figure represents a slight decline from the peak of 35.3 percent seen in 2022, which was driven by exceptional circumstances in the global energy market. Higher export values post-2022 The significance of Norway's oil and gas industry is further underscored by its dominant position in the country's export market. In 2023, petroleum products accounted for 62 percent of Norway's total goods exports by value. This represents a substantial increase from previous years, largely attributed to supply constraints and surging oil prices, as well as European efforts to reduce dependence on Russian fuel imports. The export value of petroleum reached 560 billion Norwegian kroner in 2023. Norway continues investing in future production While Norway's oil production has declined from its peak in the early 2000s, it has stabilized in recent years at around two million barrels per day. The country continues to actively explore and develop its oil and gas resources, with a record number of drilling licenses awarded in recent years. In 2023, 83 licenses were granted, the second-highest figure in the period under consideration. This ongoing investment in exploration and production suggests that Norway is committed to maintaining its position as a significant player in the global oil market, despite increasing focus on climate change mitigation.

GDP (current US$) in Norway was reported at 485310823604 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Norway - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

The gross domestic product (GDP) per capita in Norway was about 86.61 thousand U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by approximately 70.86 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around 15.25 thousand U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Norway Real GDP: 47 years of historical data from 1978 to 2025.

GDP Growth Non Oil Sector in Norway increased to 1 percent in the first quarter of 2025 from -0.40 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Norway GDP Growth Mainland QoQ.

Investment as percent of GDP in Norway, March, 2025 The most recent value is 19.26 percent as of Q1 2025, a decline compared to the previous value of 23.63 percent. Historically, the average for Norway from Q1 1978 to Q1 2025 is 23.87 percent. The minimum of 16.47 percent was recorded in Q3 2022, while the maximum of 34.54 percent was reached in Q4 1979. | TheGlobalEconomy.com

Economic growth, quarterly in Norway, March, 2025 The most recent value is -0.1 percent as of Q1 2025, an increase compared to the previous value of -0.9 percent. Historically, the average for Norway from Q2 1978 to Q1 2025 is 0.58 percent. The minimum of -5.2 percent was recorded in Q2 2020, while the maximum of 4.7 percent was reached in Q3 2021. | TheGlobalEconomy.com

Historical chart and dataset showing Norway GDP by year from 1960 to 2023.

Interactive monthly chart and 47 years of historical data from 1978 to 2025.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Norway (NAEXKP03NOQ657S) from Q2 1978 to Q1 2025 about Norway, consumption expenditures, consumption, government, real, and GDP.

Norway NO: GDP: Volume: Investment: Private Non-Residential excluding Shipping and Oil data was reported at 400.117 NOK bn in 2026. This records an increase from the previous number of 386.707 NOK bn for 2025. Norway NO: GDP: Volume: Investment: Private Non-Residential excluding Shipping and Oil data is updated yearly, averaging 206.811 NOK bn from Dec 1978 (Median) to 2026, with 49 observations. The data reached an all-time high of 400.117 NOK bn in 2026 and a record low of 103.383 NOK bn in 1992. Norway NO: GDP: Volume: Investment: Private Non-Residential excluding Shipping and Oil data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Norway – Table NO.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Annual. IOBV - Gross fixed capital formation private non-residential industry excluding shipping and oil, volume

Graph and download economic data for Real Gross Domestic Product (Euro/ECU Series) for Norway (CLVMEURSCAB1GQNO) from Q1 1978 to Q1 2025 about Norway, real, and GDP.