GDP (current LCU) (UNICEF) in Norway
Norway: GDP (current LCU) (UNICEF) was 5.20 trillion in 2024. ◆ Volatile
Latest (2024)
5.20 trillion
Change on year
up 1.9%
World rank
19th
of 74 countries
All-time high
5.73 trillion
in 2022
All-time low
37.88 billion
in 1960
Years of data
65
1960–2024
GDP in Norway, 1960–2024
Source: UNICEF.
Analysis
The most recent figure for gdp in Norway is 5.20 trillion, measured in 2024.
That represents a change of up 1.9% on the previous year and up 64.4% over ten years.
Over the whole period, gdp in Norway peaked at 5.73 trillion in 2022 and was at its lowest, 37.88 billion, in 1960.
That places Norway 19th out of 74 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU) (UNICEF) in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 37.88 billion | — |
| 1961 | 41.32 billion | +9.1% |
| 1962 | 44.51 billion | +7.7% |
| 1963 | 47.76 billion | +7.3% |
| 1964 | 52.53 billion | +10.0% |
| 1965 | 57.94 billion | +10.3% |
| 1966 | 62.53 billion | +7.9% |
| 1967 | 68.41 billion | +9.4% |
| 1968 | 73.05 billion | +6.8% |
| 1969 | 79.54 billion | +8.9% |
| 1970 | 91.53 billion | +15.1% |
| 1971 | 102.90 billion | +12.4% |
| 1972 | 114.36 billion | +11.1% |
| 1973 | 129.93 billion | +13.6% |
| 1974 | 150.38 billion | +15.7% |
| 1975 | 171.85 billion | +14.3% |
| 1976 | 196.12 billion | +14.1% |
| 1977 | 220.97 billion | +12.7% |
| 1978 | 243.89 billion | +10.4% |
| 1979 | 269.07 billion | +10.3% |
| 1980 | 318.28 billion | +18.3% |
| 1981 | 365.01 billion | +14.7% |
| 1982 | 404.32 billion | +10.8% |
| 1983 | 449.66 billion | +11.2% |
| 1984 | 506.49 billion | +12.6% |
| 1985 | 562.40 billion | +11.0% |
| 1986 | 581.91 billion | +3.5% |
| 1987 | 634.87 billion | +9.1% |
| 1988 | 664.08 billion | +4.6% |
| 1989 | 708.64 billion | +6.7% |
| 1990 | 749.86 billion | +5.8% |
| 1991 | 790.09 billion | +5.4% |
| 1992 | 813.09 billion | +2.9% |
| 1993 | 855.40 billion | +5.2% |
| 1994 | 897.24 billion | +4.9% |
| 1995 | 963.14 billion | +7.3% |
| 1996 | 1.05 trillion | +9.5% |
| 1997 | 1.14 trillion | +8.2% |
| 1998 | 1.16 trillion | +2.0% |
| 1999 | 1.27 trillion | +8.8% |
| 2000 | 1.51 trillion | +19.2% |
| 2001 | 1.57 trillion | +3.8% |
| 2002 | 1.56 trillion | -0.2% |
| 2003 | 1.62 trillion | +3.8% |
| 2004 | 1.79 trillion | +10.1% |
| 2005 | 2.00 trillion | +11.7% |
| 2006 | 2.22 trillion | +11.4% |
| 2007 | 2.36 trillion | +6.1% |
| 2008 | 2.62 trillion | +11.1% |
| 2009 | 2.44 trillion | -7.0% |
| 2010 | 2.61 trillion | +6.8% |
| 2011 | 2.81 trillion | +7.9% |
| 2012 | 2.98 trillion | +6.2% |
| 2013 | 3.09 trillion | +3.6% |
| 2014 | 3.16 trillion | +2.3% |
| 2015 | 3.13 trillion | -1.0% |
| 2016 | 3.12 trillion | -0.5% |
| 2017 | 3.32 trillion | +6.6% |
| 2018 | 3.58 trillion | +7.6% |
| 2019 | 3.60 trillion | +0.6% |
| 2020 | 3.46 trillion | -3.8% |
| 2021 | 4.32 trillion | +24.9% |
| 2022 | 5.73 trillion | +32.6% |
| 2023 | 5.10 trillion | -11.0% |
| 2024 | 5.20 trillion | +1.9% |
Norway compared with similar countries
- Norway's 5.20 trillion is above the median for high income countries, which is 528.44 billion, 9.8× the median. (42 countries reporting)
- Norway's 5.20 trillion is above the median for Europe & Central Asia, which is 591.53 billion, 8.8× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 56.55 billion | 37.88 billion | 79.54 billion | 10 |
| 1970s | 169.10 billion | 91.53 billion | 269.07 billion | 10 |
| 1980s | 519.57 billion | 318.28 billion | 708.64 billion | 10 |
| 1990s | 969.50 billion | 749.86 billion | 1.27 trillion | 10 |
| 2000s | 1.97 trillion | 1.51 trillion | 2.62 trillion | 10 |
| 2010s | 3.14 trillion | 2.61 trillion | 3.60 trillion | 10 |
| 2020s | 4.76 trillion | 3.46 trillion | 5.73 trillion | 5 |
Countries ranked near Norway
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 gdp in Norway?
- Gdp in Norway was 5.20 trillion in 2024, according to UNICEF.
- What is the highest gdp recorded in Norway?
- The highest recorded value was 5.73 trillion in 2022.
- What is the lowest gdp recorded in Norway?
- The lowest recorded value was 37.88 billion in 1960.
- How does Norway rank for gdp?
- Norway ranks 19th out of 74 countries with data for 2024.
- Is gdp rising or falling in Norway?
- Over the last ten years it is up 64.4%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from UNICEF, published as part of GDP (current LCU). Statizoid updates them automatically from the source API.
Download this data
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