Annual GDP growth in Norway
Norway: Annual GDP growth was 0.5% in 2023. ◆ Volatile
Latest (2023)
0.5%
Change on year
down 84.1%
World rank
173rd
of 211 countries
All-time high
4.0%
in 2004
All-time low
-1.9%
in 2009
Years of data
24
2000–2023
Annual GDP growth in Norway, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2023, annual gdp growth in Norway stood at 0.5%.
Compared with earlier readings it is down 84.1% on the previous year and down 52.9% 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 173rd of 211 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
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 | 1.5% | -1.3% | 3.9% | 4 |
Countries ranked near Norway
- 170 Colombia 0.6% compare
- 171 Nauru 0.6% compare
- 172 Puerto Rico 0.6% compare
- 174 Sao Tome and Principe 0.4% compare
- 174 Uruguay 0.4% compare
- 176 Lithuania 0.3% compare
- 176 United Kingdom 0.3% compare
More economy & growth data for Norway
- External balance on goods and services as a percent of GDP 11.7% (2025)
- Inflation of consumer prices 3.1% (2025)
- GDP per capita 83,813 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 6.1% (2025)
- Gross domestic product (GDP) 470.26 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 83,813 constant 2015 US$ (2025)
- DEC alternative conversion factor 10.4 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -56.92 billion current LCU (2022)
- Net secondary income (Net current transfers from abroad) -5.92 billion current US$ (2022)
- Taxes less subsidies on products 488.47 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Norway?
- Annual gdp growth in Norway was 0.5% in 2023, according to World Bank – processed by Our World in Data.
- 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 173rd out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Norway?
- Over the last ten years it is down 52.9%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)