GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Norway
Norway: GDP Deflator — Value Standard Local Currency, 2015 prices, annual was -0.2049 % change on previous year in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Norway, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Norway recorded -0.2049 % change on previous year for gdp deflator — value standard local currency, 2015 prices, annual in 2024.
That represents a change of up 98.1% on the previous year and down 179.3% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices, annual in Norway peaked at 28.16 % change on previous year in 2022 and was at its lowest, -10.62 % change on previous year, in 2023.
That places Norway 196th out of 209 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Norway, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 6.38 % change on previous year | — |
| 1972 | 5.52 % change on previous year | -13.6% |
| 1973 | 8.68 % change on previous year | +57.4% |
| 1974 | 11.37 % change on previous year | +30.9% |
| 1975 | 8.89 % change on previous year | -21.9% |
| 1976 | 7.84 % change on previous year | -11.8% |
| 1977 | 8.17 % change on previous year | +4.2% |
| 1978 | 6.26 % change on previous year | -23.4% |
| 1979 | 5.7 % change on previous year | -8.9% |
| 1980 | 13.13 % change on previous year | +130.2% |
| 1981 | 12.88 % change on previous year | -1.9% |
| 1982 | 10.51 % change on previous year | -18.4% |
| 1983 | 6.96 % change on previous year | -33.8% |
| 1984 | 6.21 % change on previous year | -10.8% |
| 1985 | 5.2 % change on previous year | -16.3% |
| 1986 | -0.5507 % change on previous year | -110.6% |
| 1987 | 7.22 % change on previous year | -1411.3% |
| 1988 | 4.87 % change on previous year | -32.6% |
| 1989 | 5.61 % change on previous year | +15.3% |
| 1990 | 3.81 % change on previous year | -32.1% |
| 1991 | 2.21 % change on previous year | -42.0% |
| 1992 | -0.6398 % change on previous year | -128.9% |
| 1993 | 2.29 % change on previous year | -458.4% |
| 1994 | -0.1559 % change on previous year | -106.8% |
| 1995 | 3.06 % change on previous year | -2063.8% |
| 1996 | 4.26 % change on previous year | +39.2% |
| 1997 | 2.79 % change on previous year | -34.6% |
| 1998 | -0.6927 % change on previous year | -124.9% |
| 1999 | 6.62 % change on previous year | -1056.1% |
| 2000 | 15.33 % change on previous year | +131.5% |
| 2001 | 1.71 % change on previous year | -88.8% |
| 2002 | -1.52 % change on previous year | -188.8% |
| 2003 | 2.86 % change on previous year | -288.2% |
| 2004 | 5.85 % change on previous year | +104.5% |
| 2005 | 8.76 % change on previous year | +49.8% |
| 2006 | 8.73 % change on previous year | -0.4% |
| 2007 | 3.08 % change on previous year | -64.8% |
| 2008 | 10.57 % change on previous year | +243.3% |
| 2009 | -5.12 % change on previous year | -148.4% |
| 2010 | 5.96 % change on previous year | -216.4% |
| 2011 | 6.67 % change on previous year | +12.0% |
| 2012 | 3.35 % change on previous year | -49.8% |
| 2013 | 2.55 % change on previous year | -23.8% |
| 2014 | 0.2582 % change on previous year | -89.9% |
| 2015 | -2.8 % change on previous year | -1185.9% |
| 2016 | -1.6 % change on previous year | -43.0% |
| 2017 | 4.08 % change on previous year | -355.4% |
| 2018 | 6.74 % change on previous year | +65.2% |
| 2019 | -0.5488 % change on previous year | -108.1% |
| 2020 | -2.52 % change on previous year | +358.7% |
| 2021 | 20.21 % change on previous year | -903.0% |
| 2022 | 28.16 % change on previous year | +39.3% |
| 2023 | -10.62 % change on previous year | -137.7% |
| 2024 | -0.2049 % change on previous year | -98.1% |
Norway compared with similar countries
- Norway's -0.2049 % change on previous year is below the median for high income countries, which is 2.83 % change on previous year. (68 countries reporting)
- Norway's -0.2049 % change on previous year is below the median for Europe & Central Asia, which is 3.37 % change on previous year. (48 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices, annual 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 |
|---|---|---|---|
| 1995 | +2063.8% | -0.1559 % change on previous year | 3.06 % change on previous year |
| 1987 | +1411.3% | -0.5507 % change on previous year | 7.22 % change on previous year |
| 2015 | -1185.9% | 0.2582 % change on previous year | -2.8 % change on previous year |
| 1999 | +1056.1% | -0.6927 % change on previous year | 6.62 % change on previous year |
| 2021 | +903.0% | -2.52 % change on previous year | 20.21 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.65 % change on previous year | 5.52 % change on previous year | 11.37 % change on previous year | 9 |
| 1980s | 7.2 % change on previous year | -0.5507 % change on previous year | 13.13 % change on previous year | 10 |
| 1990s | 2.36 % change on previous year | -0.6927 % change on previous year | 6.62 % change on previous year | 10 |
| 2000s | 5.03 % change on previous year | -5.12 % change on previous year | 15.33 % change on previous year | 10 |
| 2010s | 2.47 % change on previous year | -2.8 % change on previous year | 6.74 % change on previous year | 10 |
| 2020s | 7.01 % change on previous year | -10.62 % change on previous year | 28.16 % change on previous year | 5 |
Countries ranked near Norway
- 193 Bosnia and Herzegovina 0.1452 % change on previous year compare
- 194 Costa Rica 0.0473 % change on previous year compare
- 195 Congo -0.0136 % change on previous year compare
- 197 Saint Kitts and Nevis -0.2244 % change on previous year compare
- 198 Saudi Arabia -0.2486 % change on previous year compare
- 199 Qatar -0.4189 % change on previous year 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 gdp deflator — value standard local currency, 2015 prices, annual in Norway?
- Gdp deflator — value standard local currency, 2015 prices, annual in Norway was -0.2049 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator — value standard local currency, 2015 prices, annual recorded in Norway?
- The highest recorded value was 28.16 % change on previous year in 2022.
- What is the lowest gdp deflator — value standard local currency, 2015 prices, annual recorded in Norway?
- The lowest recorded value was -10.62 % change on previous year in 2023.
- How does Norway rank for gdp deflator — value standard local currency, 2015 prices, annual?
- Norway ranks 196th out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices, annual rising or falling in Norway?
- Over the last ten years it is down 179.3%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from Statizoid (derived), published as part of GDP Deflator — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Deflator — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.