Annual GDP growth in Norway
Norway: Annual GDP growth was 2.1% in 2024. ◆ Volatile
Annual GDP growth in Norway, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual gdp growth in Norway stood at 2.1%.
Compared with earlier readings it is up 2,900.0% 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 141st of 212 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% | -33.3% |
| 2003 | 0.9% | -31.9% |
| 2004 | 4.0% | +326.6% |
| 2005 | 2.7% | -32.9% |
| 2006 | 2.5% | -8.6% |
| 2007 | 2.9% | +18.3% |
| 2008 | 0.5% | -83.5% |
| 2009 | -1.9% | -504.2% |
| 2010 | 0.8% | -140.7% |
| 2011 | 1.1% | +40.5% |
| 2012 | 2.7% | +145.0% |
| 2013 | 1.0% | -62.5% |
| 2014 | 2.0% | +101.0% |
| 2015 | 1.9% | -9.3% |
| 2016 | 1.2% | -37.6% |
| 2017 | 2.5% | +112.1% |
| 2018 | 0.8% | -66.3% |
| 2019 | 1.1% | +34.9% |
| 2020 | -1.3% | -214.3% |
| 2021 | 3.9% | -405.5% |
| 2022 | 3.2% | -16.9% |
| 2023 | 0.1% | -97.8% |
| 2024 | 2.1% | +2900.0% |
Norway compared with similar countries
- Norway's 2.1% is below the median for high income countries, which is 2.1%, 98% of the median. (83 countries reporting)
- Norway's 2.1% is below the median for Europe & Central Asia, which is 2.1%, 98% 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 | +2900.0% | 0.1% | 2.1% |
| 2009 | -504.2% | 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
- 138 Palau 2.2% compare
- 139 Mozambique 2.1% compare
- 140 Portugal 2.1% compare
- 142 Greece 2.1% compare
- 143 Dominica 2.0% compare
- 144 Saudi Arabia 2.0% compare
- 144 South Korea 2.0% compare
More economy & growth data for Norway
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.11 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0021 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 198.35 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -7.82 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -164.45 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0147 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -1,394 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 5.24 % 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 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 141st out of 212 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 World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual GDP growth (%).