Gross domestic product (GDP) in Norway
Norway: Gross domestic product (GDP) was 545.17 billion international-$ in 2021 prices in 2023. ◆ Volatile
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.
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
- External balance on goods and services as a percent of GDP 11.7% (2025)
- Inflation of consumer prices 3.1% (2025)
- GDP per capita 83,813 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 6.1% (2025)
- Gross domestic product (GDP) 470.26 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 83,813 constant 2015 US$ (2025)
- DEC alternative conversion factor 10.4 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -56.92 billion current LCU (2022)
- Net secondary income (Net current transfers from abroad) -5.92 billion current US$ (2022)
- Taxes less subsidies on products 488.47 billion current LCU (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.