Gross domestic product (GDP) in Norway
Norway: Gross domestic product (GDP) was 545.17 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
545.17 billion international-$ in 2021 prices
Change on year
down 4.4%
World rank
46th
of 184 countries
All-time high
570.07 billion international-$ in 2021 prices
in 2022
All-time low
36.49 billion international-$ in 2021 prices
in 1950
Years of data
74
1950–2023
Gross domestic product (GDP) in Norway, 1950–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Norway stood at 545.17 billion international-$ in 2021 prices.
Compared with earlier readings it is down 4.4% on the previous year and up 2.5% over ten years.
Over the whole period, gross domestic product (gdp) in Norway peaked at 570.07 billion international-$ in 2021 prices in 2022 and was at its lowest, 36.49 billion international-$ in 2021 prices, in 1950.
Norway ranks 46th of 184 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Norway, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 36.49 billion international-$ in 2021 prices | — |
| 1951 | 38.41 billion international-$ in 2021 prices | +5.3% |
| 1952 | 40.30 billion international-$ in 2021 prices | +4.9% |
| 1953 | 42.25 billion international-$ in 2021 prices | +4.9% |
| 1954 | 43.34 billion international-$ in 2021 prices | +2.6% |
| 1955 | 44.74 billion international-$ in 2021 prices | +3.2% |
| 1956 | 46.45 billion international-$ in 2021 prices | +3.8% |
| 1957 | 48.63 billion international-$ in 2021 prices | +4.7% |
| 1958 | 48.24 billion international-$ in 2021 prices | -0.8% |
| 1959 | 49.55 billion international-$ in 2021 prices | +2.7% |
| 1960 | 50.75 billion international-$ in 2021 prices | +2.4% |
| 1961 | 53.61 billion international-$ in 2021 prices | +5.6% |
| 1962 | 54.63 billion international-$ in 2021 prices | +1.9% |
| 1963 | 56.48 billion international-$ in 2021 prices | +3.4% |
| 1964 | 59.92 billion international-$ in 2021 prices | +6.1% |
| 1965 | 63.18 billion international-$ in 2021 prices | +5.4% |
| 1966 | 65.41 billion international-$ in 2021 prices | +3.5% |
| 1967 | 69.53 billion international-$ in 2021 prices | +6.3% |
| 1968 | 72.12 billion international-$ in 2021 prices | +3.7% |
| 1969 | 74.99 billion international-$ in 2021 prices | +4.0% |
| 1970 | 61.38 billion international-$ in 2021 prices | -18.2% |
| 1971 | 66.09 billion international-$ in 2021 prices | +7.7% |
| 1972 | 73.15 billion international-$ in 2021 prices | +10.7% |
| 1973 | 75.20 billion international-$ in 2021 prices | +2.8% |
| 1974 | 81.37 billion international-$ in 2021 prices | +8.2% |
| 1975 | 90.67 billion international-$ in 2021 prices | +11.4% |
| 1976 | 101.63 billion international-$ in 2021 prices | +12.1% |
| 1977 | 104.99 billion international-$ in 2021 prices | +3.3% |
| 1978 | 113.94 billion international-$ in 2021 prices | +8.5% |
| 1979 | 121.15 billion international-$ in 2021 prices | +6.3% |
| 1980 | 128.90 billion international-$ in 2021 prices | +6.4% |
| 1981 | 129.91 billion international-$ in 2021 prices | +0.8% |
| 1982 | 128.39 billion international-$ in 2021 prices | -1.2% |
| 1983 | 134.44 billion international-$ in 2021 prices | +4.7% |
| 1984 | 142.37 billion international-$ in 2021 prices | +5.9% |
| 1985 | 143.72 billion international-$ in 2021 prices | +1.0% |
| 1986 | 139.31 billion international-$ in 2021 prices | -3.1% |
| 1987 | 143.05 billion international-$ in 2021 prices | +2.7% |
| 1988 | 137.40 billion international-$ in 2021 prices | -3.9% |
| 1989 | 143.13 billion international-$ in 2021 prices | +4.2% |
| 1990 | 158.90 billion international-$ in 2021 prices | +11.0% |
| 1991 | 159.54 billion international-$ in 2021 prices | +0.4% |
| 1992 | 164.87 billion international-$ in 2021 prices | +3.3% |
| 1993 | 166.64 billion international-$ in 2021 prices | +1.1% |
| 1994 | 173.04 billion international-$ in 2021 prices | +3.8% |
| 1995 | 186.01 billion international-$ in 2021 prices | +7.5% |
| 1996 | 209.25 billion international-$ in 2021 prices | +12.5% |
| 1997 | 221.32 billion international-$ in 2021 prices | +5.8% |
| 1998 | 210.38 billion international-$ in 2021 prices | -4.9% |
| 1999 | 234.78 billion international-$ in 2021 prices | +11.6% |
| 2000 | 289.72 billion international-$ in 2021 prices | +23.4% |
| 2001 | 296.40 billion international-$ in 2021 prices | +2.3% |
| 2002 | 286.29 billion international-$ in 2021 prices | -3.4% |
| 2003 | 309.42 billion international-$ in 2021 prices | +8.1% |
| 2004 | 331.10 billion international-$ in 2021 prices | +7.0% |
| 2005 | 403.10 billion international-$ in 2021 prices | +21.7% |
| 2006 | 436.08 billion international-$ in 2021 prices | +8.2% |
| 2007 | 446.42 billion international-$ in 2021 prices | +2.4% |
| 2008 | 507.79 billion international-$ in 2021 prices | +13.7% |
| 2009 | 429.05 billion international-$ in 2021 prices | -15.5% |
| 2010 | 465.70 billion international-$ in 2021 prices | +8.5% |
| 2011 | 514.57 billion international-$ in 2021 prices | +10.5% |
| 2012 | 545.19 billion international-$ in 2021 prices | +6.0% |
| 2013 | 532.03 billion international-$ in 2021 prices | -2.4% |
| 2014 | 502.86 billion international-$ in 2021 prices | -5.5% |
| 2015 | 424.35 billion international-$ in 2021 prices | -15.6% |
| 2016 | 409.24 billion international-$ in 2021 prices | -3.6% |
| 2017 | 428.02 billion international-$ in 2021 prices | +4.6% |
| 2018 | 470.42 billion international-$ in 2021 prices | +9.9% |
| 2019 | 480.53 billion international-$ in 2021 prices | +2.1% |
| 2020 | 477.68 billion international-$ in 2021 prices | -0.6% |
| 2021 | 528.30 billion international-$ in 2021 prices | +10.6% |
| 2022 | 570.07 billion international-$ in 2021 prices | +7.9% |
| 2023 | 545.17 billion international-$ in 2021 prices | -4.4% |
Norway compared with similar countries
- Norway's 545.17 billion international-$ in 2021 prices is above the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 2.0× the median. (66 countries reporting)
- Norway's 545.17 billion international-$ in 2021 prices is above the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 1.7× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 43.84 billion international-$ in 2021 prices | 36.49 billion international-$ in 2021 prices | 49.55 billion international-$ in 2021 prices | 10 |
| 1960s | 62.06 billion international-$ in 2021 prices | 50.75 billion international-$ in 2021 prices | 74.99 billion international-$ in 2021 prices | 10 |
| 1970s | 88.96 billion international-$ in 2021 prices | 61.38 billion international-$ in 2021 prices | 121.15 billion international-$ in 2021 prices | 10 |
| 1980s | 137.06 billion international-$ in 2021 prices | 128.39 billion international-$ in 2021 prices | 143.72 billion international-$ in 2021 prices | 10 |
| 1990s | 188.47 billion international-$ in 2021 prices | 158.90 billion international-$ in 2021 prices | 234.78 billion international-$ in 2021 prices | 10 |
| 2000s | 373.54 billion international-$ in 2021 prices | 286.29 billion international-$ in 2021 prices | 507.79 billion international-$ in 2021 prices | 10 |
| 2010s | 477.29 billion international-$ in 2021 prices | 409.24 billion international-$ in 2021 prices | 545.19 billion international-$ in 2021 prices | 10 |
| 2020s | 530.30 billion international-$ in 2021 prices | 477.68 billion international-$ in 2021 prices | 570.07 billion international-$ in 2021 prices | 4 |
Countries ranked near Norway
- 43 Iraq 618.05 billion international-$ in 2021 prices compare
- 44 Singapore 596.79 billion international-$ in 2021 prices compare
- 45 Austria 573.87 billion international-$ in 2021 prices compare
- 47 Chile 515.93 billion international-$ in 2021 prices compare
- 48 Peru 485.29 billion international-$ in 2021 prices compare
- 49 Czechia 483.87 billion international-$ in 2021 prices 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$), annual growth rate 5.24 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Norway?
- Gross domestic product (gdp) in Norway was 545.17 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Norway?
- The highest recorded value was 570.07 billion international-$ in 2021 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in Norway?
- The lowest recorded value was 36.49 billion international-$ in 2021 prices in 1950.
- How does Norway rank for gross domestic product (gdp)?
- Norway ranks 46th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Norway?
- Over the last ten years it is up 2.5%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.