Annual GDP growth (%) in Norway
Norway: Annual GDP growth (%) was 2.1% in 2024. ◆ Volatile
Annual GDP growth in Norway, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Norway recorded 2.1% for annual gdp growth in 2024.
Compared with earlier readings it is up 2,807.9% on the previous year and up 2.4% over ten years.
Over the whole period, annual gdp growth in Norway peaked at 4.0% in 2004 and was at its lowest, -1.9%, in 2009.
Norway ranks 151st of 230 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Norway, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 3.3% | — |
| 2001 | 2.1% | -37.7% |
| 2002 | 1.4% | -33.4% |
| 2003 | 0.9% | -31.4% |
| 2004 | 4.0% | +324.9% |
| 2005 | 2.7% | -33.1% |
| 2006 | 2.5% | -8.3% |
| 2007 | 2.9% | +18.4% |
| 2008 | 0.5% | -83.5% |
| 2009 | -1.9% | -502.6% |
| 2010 | 0.8% | -140.6% |
| 2011 | 1.1% | +40.5% |
| 2012 | 2.7% | +145.8% |
| 2013 | 1.0% | -62.6% |
| 2014 | 2.0% | +101.5% |
| 2015 | 1.9% | -9.3% |
| 2016 | 1.2% | -37.3% |
| 2017 | 2.5% | +111.5% |
| 2018 | 0.8% | -66.4% |
| 2019 | 1.1% | +35.6% |
| 2020 | -1.3% | -213.7% |
| 2021 | 3.9% | -405.8% |
| 2022 | 3.2% | -16.9% |
| 2023 | 0.1% | -97.8% |
| 2024 | 2.1% | +2808.0% |
Norway compared with similar countries
- Norway's 2.1% is below the median for high income countries, which is 2.1%, 99% of the median. (80 countries reporting)
- Norway's 2.1% is below the median for Europe & Central Asia, which is 2.6%, 81% of the median. (55 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Norway changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2024 | +2808.0% | 0.1% | 2.1% |
| 2009 | -502.6% | 0.5% | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.8% | -1.9% | 4.0% | 10 |
| 2010s | 1.5% | 0.8% | 2.7% | 10 |
| 2020s | 1.6% | -1.3% | 3.9% | 5 |
Countries ranked near Norway
- 148 Palau 2.2% compare
- 149 Mozambique 2.1% compare
- 150 Portugal 2.1% compare
- 152 Greece 2.1% compare
- 153 Dominica 2.1% compare
- 154 Republic of Korea 2.0% compare
- 154 South Korea 2.0% compare
More economy & growth data for Norway
- Real gdp growth, annual growth rate -23.81 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.7416 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.42 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.48 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0142 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,340 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.4463 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0103 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 978.78 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.99 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Norway?
- Annual gdp growth in Norway was 2.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Norway?
- The highest recorded value was 4.0% in 2004.
- What is the lowest annual gdp growth recorded in Norway?
- The lowest recorded value was -1.9% in 2009.
- How does Norway rank for annual gdp growth?
- Norway ranks 151st out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Norway?
- Over the last ten years it is up 2.4%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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