Gross domestic product (GDP), annual growth rate in Norway
Norway: Gross domestic product (GDP), annual growth rate was -4.37 % change on previous year in 2023. ◆ Volatile
Latest (2023)
-4.37 % change on previous year
Change on year
down 155.2%
World rank
170th
of 184 countries
All-time high
23.4 % change on previous year
in 2000
All-time low
-18.16 % change on previous year
in 1970
Years of data
73
1951–2023
Gross domestic product (GDP), annual growth rate in Norway, 1951–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross domestic product (gdp), annual growth rate in Norway stood at -4.37 % change on previous year.
Compared with earlier readings it is down 155.2% on the previous year and down 81.0% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Norway peaked at 23.4 % change on previous year in 2000 and was at its lowest, -18.16 % change on previous year, in 1970.
Norway ranks 170th of 184 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Norway, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | 5.27 % change on previous year | — |
| 1952 | 4.91 % change on previous year | -7.0% |
| 1953 | 4.85 % change on previous year | -1.1% |
| 1954 | 2.58 % change on previous year | -46.7% |
| 1955 | 3.23 % change on previous year | +24.9% |
| 1956 | 3.82 % change on previous year | +18.3% |
| 1957 | 4.7 % change on previous year | +23.2% |
| 1958 | -0.8101 % change on previous year | -117.2% |
| 1959 | 2.72 % change on previous year | -435.6% |
| 1960 | 2.43 % change on previous year | -10.8% |
| 1961 | 5.63 % change on previous year | +132.2% |
| 1962 | 1.9 % change on previous year | -66.3% |
| 1963 | 3.38 % change on previous year | +78.2% |
| 1964 | 6.09 % change on previous year | +80.2% |
| 1965 | 5.45 % change on previous year | -10.6% |
| 1966 | 3.53 % change on previous year | -35.2% |
| 1967 | 6.29 % change on previous year | +78.1% |
| 1968 | 3.73 % change on previous year | -40.7% |
| 1969 | 3.98 % change on previous year | +6.6% |
| 1970 | -18.16 % change on previous year | -556.2% |
| 1971 | 7.68 % change on previous year | -142.3% |
| 1972 | 10.68 % change on previous year | +39.0% |
| 1973 | 2.8 % change on previous year | -73.8% |
| 1974 | 8.2 % change on previous year | +192.8% |
| 1975 | 11.43 % change on previous year | +39.4% |
| 1976 | 12.09 % change on previous year | +5.8% |
| 1977 | 3.31 % change on previous year | -72.7% |
| 1978 | 8.52 % change on previous year | +157.8% |
| 1979 | 6.33 % change on previous year | -25.7% |
| 1980 | 6.39 % change on previous year | +1.0% |
| 1981 | 0.7828 % change on previous year | -87.8% |
| 1982 | -1.17 % change on previous year | -249.1% |
| 1983 | 4.71 % change on previous year | -503.6% |
| 1984 | 5.9 % change on previous year | +25.3% |
| 1985 | 0.9517 % change on previous year | -83.9% |
| 1986 | -3.07 % change on previous year | -422.5% |
| 1987 | 2.68 % change on previous year | -187.3% |
| 1988 | -3.95 % change on previous year | -247.4% |
| 1989 | 4.17 % change on previous year | -205.7% |
| 1990 | 11.02 % change on previous year | +163.9% |
| 1991 | 0.4053 % change on previous year | -96.3% |
| 1992 | 3.34 % change on previous year | +723.2% |
| 1993 | 1.07 % change on previous year | -67.8% |
| 1994 | 3.84 % change on previous year | +257.1% |
| 1995 | 7.5 % change on previous year | +95.3% |
| 1996 | 12.49 % change on previous year | +66.6% |
| 1997 | 5.77 % change on previous year | -53.9% |
| 1998 | -4.94 % change on previous year | -185.7% |
| 1999 | 11.6 % change on previous year | -334.7% |
| 2000 | 23.4 % change on previous year | +101.8% |
| 2001 | 2.31 % change on previous year | -90.1% |
| 2002 | -3.41 % change on previous year | -248.0% |
| 2003 | 8.08 % change on previous year | -336.8% |
| 2004 | 7.01 % change on previous year | -13.3% |
| 2005 | 21.74 % change on previous year | +210.4% |
| 2006 | 8.18 % change on previous year | -62.4% |
| 2007 | 2.37 % change on previous year | -71.0% |
| 2008 | 13.75 % change on previous year | +479.8% |
| 2009 | -15.51 % change on previous year | -212.8% |
| 2010 | 8.54 % change on previous year | -155.1% |
| 2011 | 10.49 % change on previous year | +22.8% |
| 2012 | 5.95 % change on previous year | -43.3% |
| 2013 | -2.41 % change on previous year | -140.6% |
| 2014 | -5.48 % change on previous year | +127.2% |
| 2015 | -15.61 % change on previous year | +184.7% |
| 2016 | -3.56 % change on previous year | -77.2% |
| 2017 | 4.59 % change on previous year | -228.9% |
| 2018 | 9.91 % change on previous year | +115.9% |
| 2019 | 2.15 % change on previous year | -78.3% |
| 2020 | -0.5943 % change on previous year | -127.7% |
| 2021 | 10.6 % change on previous year | -1883.0% |
| 2022 | 7.91 % change on previous year | -25.4% |
| 2023 | -4.37 % change on previous year | -155.2% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate 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 |
|---|---|---|---|
| 2021 | +1883.0% | -0.5943 % change on previous year | 10.6 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 3.47 % change on previous year | -0.8101 % change on previous year | 5.27 % change on previous year | 9 |
| 1960s | 4.24 % change on previous year | 1.9 % change on previous year | 6.29 % change on previous year | 10 |
| 1970s | 5.29 % change on previous year | -18.16 % change on previous year | 12.09 % change on previous year | 10 |
| 1980s | 1.74 % change on previous year | -3.95 % change on previous year | 6.39 % change on previous year | 10 |
| 1990s | 5.21 % change on previous year | -4.94 % change on previous year | 12.49 % change on previous year | 10 |
| 2000s | 6.79 % change on previous year | -15.51 % change on previous year | 23.4 % change on previous year | 10 |
| 2010s | 1.46 % change on previous year | -15.61 % change on previous year | 10.49 % change on previous year | 10 |
| 2020s | 3.39 % change on previous year | -4.37 % change on previous year | 10.6 % change on previous year | 4 |
Countries ranked near Norway
- 167 Cambodia -3.25 % change on previous year compare
- 168 Saudi Arabia -3.72 % change on previous year compare
- 169 Singapore -3.85 % change on previous year compare
- 171 Central African Republic -4.46 % change on previous year compare
- 172 Kuwait -4.98 % change on previous year compare
- 173 Tunisia -4.98 % 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 gross domestic product (gdp), annual growth rate in Norway?
- Gross domestic product (gdp), annual growth rate in Norway was -4.37 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Norway?
- The highest recorded value was 23.4 % change on previous year in 2000.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Norway?
- The lowest recorded value was -18.16 % change on previous year in 1970.
- How does Norway rank for gross domestic product (gdp), annual growth rate?
- Norway ranks 170th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Norway?
- Over the last ten years it is down 81.0%. 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 Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 73 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 Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
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 Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.