Gross Domestic Product: Value Standard … Gross annual growth rate in Norway
Norway: Gross Domestic Product: Value Standard … Gross annual growth rate was 1.89 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Norway, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Norway recorded 1.89 % change on previous year for gross domestic product — value standard local currency, annual growth in 2024.
The figure is up 118.6% on the previous year and down 18.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Norway peaked at 32.01 % change on previous year in 2022 and was at its lowest, -10.19 % change on previous year, in 2023.
That places Norway 209th out of 218 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.
Gross Domestic Product: Value Standard … Gross annual growth rate in Norway, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 12.42 % change on previous year | — |
| 1972 | 11.14 % change on previous year | -10.3% |
| 1973 | 13.61 % change on previous year | +22.2% |
| 1974 | 15.74 % change on previous year | +15.6% |
| 1975 | 14.28 % change on previous year | -9.3% |
| 1976 | 14.12 % change on previous year | -1.1% |
| 1977 | 12.67 % change on previous year | -10.3% |
| 1978 | 10.37 % change on previous year | -18.1% |
| 1979 | 10.32 % change on previous year | -0.5% |
| 1980 | 18.29 % change on previous year | +77.2% |
| 1981 | 14.68 % change on previous year | -19.7% |
| 1982 | 10.77 % change on previous year | -26.7% |
| 1983 | 11.21 % change on previous year | +4.1% |
| 1984 | 12.64 % change on previous year | +12.7% |
| 1985 | 11.04 % change on previous year | -12.6% |
| 1986 | 3.47 % change on previous year | -68.6% |
| 1987 | 9.1 % change on previous year | +162.4% |
| 1988 | 4.6 % change on previous year | -49.4% |
| 1989 | 6.71 % change on previous year | +45.8% |
| 1990 | 5.82 % change on previous year | -13.3% |
| 1991 | 5.36 % change on previous year | -7.8% |
| 1992 | 2.91 % change on previous year | -45.7% |
| 1993 | 5.2 % change on previous year | +78.7% |
| 1994 | 4.89 % change on previous year | -6.0% |
| 1995 | 7.34 % change on previous year | +50.1% |
| 1996 | 9.5 % change on previous year | +29.4% |
| 1997 | 8.22 % change on previous year | -13.5% |
| 1998 | 1.96 % change on previous year | -76.2% |
| 1999 | 8.83 % change on previous year | +351.2% |
| 2000 | 19.16 % change on previous year | +116.9% |
| 2001 | 3.82 % change on previous year | -80.1% |
| 2002 | -0.164 % change on previous year | -104.3% |
| 2003 | 3.83 % change on previous year | -2436.9% |
| 2004 | 10.1 % change on previous year | +163.4% |
| 2005 | 11.68 % change on previous year | +15.7% |
| 2006 | 11.41 % change on previous year | -2.4% |
| 2007 | 6.08 % change on previous year | -46.7% |
| 2008 | 11.1 % change on previous year | +82.5% |
| 2009 | -6.96 % change on previous year | -162.7% |
| 2010 | 6.79 % change on previous year | -197.6% |
| 2011 | 7.85 % change on previous year | +15.7% |
| 2012 | 6.16 % change on previous year | -21.5% |
| 2013 | 3.6 % change on previous year | -41.6% |
| 2014 | 2.31 % change on previous year | -35.7% |
| 2015 | -0.9994 % change on previous year | -143.2% |
| 2016 | -0.4517 % change on previous year | -54.8% |
| 2017 | 6.64 % change on previous year | -1571.0% |
| 2018 | 7.63 % change on previous year | +14.8% |
| 2019 | 0.5693 % change on previous year | -92.5% |
| 2020 | -3.76 % change on previous year | -761.1% |
| 2021 | 24.91 % change on previous year | -762.0% |
| 2022 | 32.01 % change on previous year | +28.5% |
| 2023 | -10.19 % change on previous year | -131.8% |
| 2024 | 1.89 % change on previous year | -118.6% |
Norway compared with similar countries
- Norway's 1.89 % change on previous year is below the median for high income countries, which is 4.65 % change on previous year, 41% of the median. (72 countries reporting)
- Norway's 1.89 % change on previous year is below the median for Europe & Central Asia, which is 6.24 % change on previous year, 30% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product: Value Standard … Gross 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 |
|---|---|---|---|
| 2003 | +2436.9% | -0.164 % change on previous year | 3.83 % change on previous year |
| 2017 | +1571.0% | -0.4517 % change on previous year | 6.64 % change on previous year |
| 2021 | +762.0% | -3.76 % change on previous year | 24.91 % change on previous year |
| 2020 | -761.1% | 0.5693 % change on previous year | -3.76 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.74 % change on previous year | 10.32 % change on previous year | 15.74 % change on previous year | 9 |
| 1980s | 10.25 % change on previous year | 3.47 % change on previous year | 18.29 % change on previous year | 10 |
| 1990s | 6 % change on previous year | 1.96 % change on previous year | 9.5 % change on previous year | 10 |
| 2000s | 7.01 % change on previous year | -6.96 % change on previous year | 19.16 % change on previous year | 10 |
| 2010s | 4.01 % change on previous year | -0.9994 % change on previous year | 7.85 % change on previous year | 10 |
| 2020s | 8.97 % change on previous year | -10.19 % change on previous year | 32.01 % change on previous year | 5 |
Countries ranked near Norway
- 206 Democratic People's Republic of Korea 2 % change on previous year compare
- 207 Guinea-Bissau 1.99 % change on previous year compare
- 208 Brunei 1.9 % change on previous year compare
- 210 Austria 1.84 % change on previous year compare
- 211 Saudi Arabia 1.55 % change on previous year compare
- 212 Finland 1.55 % change on previous year compare
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 gross domestic product — value standard local currency, annual growth in Norway?
- Gross domestic product — value standard local currency, annual growth in Norway was 1.89 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Norway?
- The highest recorded value was 32.01 % change on previous year in 2022.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Norway?
- The lowest recorded value was -10.19 % change on previous year in 2023.
- How does Norway rank for gross domestic product — value standard local currency, annual growth?
- Norway ranks 209th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Norway?
- Over the last ten years it is down 18.2%. 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 — Value Standard Local Currency, 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 Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency 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 Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.