Average economic size of farms by standard output, farm type and age in Norway
Norway: Average economic size of farms by standard output, farm type and age was 4.00 billion Euro in 2023. ▲ Rising
Latest (2023)
4.00 billion Euro
Change on year
up 5.0%
World rank
24th
of 40 countries
All-time high
4.00 billion Euro
in 2023
All-time low
3.16 billion Euro
in 2005
Years of data
7
2005–2023
Average economic size of farms by standard output, farm type and age in Norway, 2005–2023
Source: Eurostat. Measured in Euro.
Analysis
The most recent figure for average economic size of farms by standard output, farm type and age in Norway is 4.00 billion Euro, measured in 2023. That is the highest value across all 7 years on record.
Compared with earlier readings it is up 5.0% on the previous year and up 17.3% over ten years.
Over the whole period, average economic size of farms by standard output, farm type and age in Norway peaked at 4.00 billion Euro in 2023 and was at its lowest, 3.16 billion Euro, in 2005.
Norway ranks 24th of 40 countries on this measure, in the middle of the range.
Average economic size of farms by standard output, farm type and age in Norway, year by year
| Year | Euro | Change |
|---|---|---|
| 2005 | 3.16 billion Euro | — |
| 2007 | 3.24 billion Euro | +2.6% |
| 2010 | 3.18 billion Euro | -1.7% |
| 2013 | 3.41 billion Euro | +7.2% |
| 2016 | 3.85 billion Euro | +13.0% |
| 2020 | 3.81 billion Euro | -1.2% |
| 2023 | 4.00 billion Euro | +5.0% |
Norway compared with similar countries
- Norway's 4.00 billion Euro is below the median for Europe & Central Asia, which is 7.96 billion Euro, 50% of the median. (29 countries reporting)
- Norway's 4.00 billion Euro is below the median for high income countries, which is 7.66 billion Euro, 52% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.20 billion Euro | 3.16 billion Euro | 3.24 billion Euro | 2 |
| 2010s | 3.48 billion Euro | 3.18 billion Euro | 3.85 billion Euro | 3 |
| 2020s | 3.90 billion Euro | 3.81 billion Euro | 4.00 billion Euro | 2 |
Countries ranked near Norway
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 average economic size of farms by standard output, farm type and age in Norway?
- Average economic size of farms by standard output, farm type and age in Norway was 4.00 billion Euro in 2023, according to Eurostat.
- What is the highest average economic size of farms by standard output, farm type and age recorded in Norway?
- The highest recorded value was 4.00 billion Euro in 2023.
- What is the lowest average economic size of farms by standard output, farm type and age recorded in Norway?
- The lowest recorded value was 3.16 billion Euro in 2005.
- How does Norway rank for average economic size of farms by standard output, farm type and age?
- Norway ranks 24th out of 40 countries with data for 2023.
- Is average economic size of farms by standard output, farm type and age rising or falling in Norway?
- Over the last ten years it is up 17.3%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from Eurostat, published as part of Average economic size of farms by standard output, farm type and age of farm manager. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 7 observations, free to reuse under CC BY 4.0 (Eurostat).