Gross Domestic Product — Value Standard Local Currency in Norway
Norway: Gross Domestic Product — Value Standard Local Currency was 5.22 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Norway, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Norway recorded 5.22 million million SLC for gross domestic product — value standard local currency in 2024.
Compared with earlier readings it is up 1.9% on the previous year and up 65.2% over ten years.
Over the whole period, gross domestic product — value standard local currency in Norway peaked at 5.71 million million SLC in 2022 and was at its lowest, 91,530 million SLC, in 1970.
Norway ranks 71st of 218 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Norway, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 91,530 million SLC | — |
| 1971 | 102,897 million SLC | +12.4% |
| 1972 | 114,362 million SLC | +11.1% |
| 1973 | 129,928 million SLC | +13.6% |
| 1974 | 150,379 million SLC | +15.7% |
| 1975 | 171,849 million SLC | +14.3% |
| 1976 | 196,119 million SLC | +14.1% |
| 1977 | 220,968 million SLC | +12.7% |
| 1978 | 243,887 million SLC | +10.4% |
| 1979 | 269,067 million SLC | +10.3% |
| 1980 | 318,279 million SLC | +18.3% |
| 1981 | 365,013 million SLC | +14.7% |
| 1982 | 404,325 million SLC | +10.8% |
| 1983 | 449,657 million SLC | +11.2% |
| 1984 | 506,486 million SLC | +12.6% |
| 1985 | 562,402 million SLC | +11.0% |
| 1986 | 581,912 million SLC | +3.5% |
| 1987 | 634,874 million SLC | +9.1% |
| 1988 | 664,084 million SLC | +4.6% |
| 1989 | 708,636 million SLC | +6.7% |
| 1990 | 749,861 million SLC | +5.8% |
| 1991 | 790,087 million SLC | +5.4% |
| 1992 | 813,093 million SLC | +2.9% |
| 1993 | 855,401 million SLC | +5.2% |
| 1994 | 897,242 million SLC | +4.9% |
| 1995 | 963,138 million SLC | +7.3% |
| 1996 | 1.05 million million SLC | +9.5% |
| 1997 | 1.14 million million SLC | +8.2% |
| 1998 | 1.16 million million SLC | +2.0% |
| 1999 | 1.27 million million SLC | +8.8% |
| 2000 | 1.51 million million SLC | +19.2% |
| 2001 | 1.57 million million SLC | +3.8% |
| 2002 | 1.56 million million SLC | -0.2% |
| 2003 | 1.62 million million SLC | +3.8% |
| 2004 | 1.79 million million SLC | +10.1% |
| 2005 | 2.00 million million SLC | +11.7% |
| 2006 | 2.22 million million SLC | +11.4% |
| 2007 | 2.36 million million SLC | +6.1% |
| 2008 | 2.62 million million SLC | +11.1% |
| 2009 | 2.44 million million SLC | -7.0% |
| 2010 | 2.61 million million SLC | +6.8% |
| 2011 | 2.81 million million SLC | +7.9% |
| 2012 | 2.98 million million SLC | +6.2% |
| 2013 | 3.09 million million SLC | +3.6% |
| 2014 | 3.16 million million SLC | +2.3% |
| 2015 | 3.13 million million SLC | -1.0% |
| 2016 | 3.12 million million SLC | -0.5% |
| 2017 | 3.32 million million SLC | +6.6% |
| 2018 | 3.58 million million SLC | +7.6% |
| 2019 | 3.60 million million SLC | +0.6% |
| 2020 | 3.46 million million SLC | -3.8% |
| 2021 | 4.32 million million SLC | +24.9% |
| 2022 | 5.71 million million SLC | +32.0% |
| 2023 | 5.13 million million SLC | -10.2% |
| 2024 | 5.22 million million SLC | +1.9% |
Norway compared with similar countries
- Norway's 5.22 million million SLC is above the median for high income countries, which is 257,567 million SLC, 20.3× the median. (72 countries reporting)
- Norway's 5.22 million million SLC is above the median for Europe & Central Asia, which is 507,692 million SLC, 10.3× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 169,099 million SLC | 91,530 million SLC | 269,067 million SLC | 10 |
| 1980s | 519,567 million SLC | 318,279 million SLC | 708,636 million SLC | 10 |
| 1990s | 969,497 million SLC | 749,861 million SLC | 1.27 million million SLC | 10 |
| 2000s | 1.97 million million SLC | 1.51 million million SLC | 2.62 million million SLC | 10 |
| 2010s | 3.14 million million SLC | 2.61 million million SLC | 3.60 million million SLC | 10 |
| 2020s | 4.77 million million SLC | 3.46 million million SLC | 5.71 million million SLC | 5 |
Countries ranked near Norway
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 — value standard local currency in Norway?
- Gross domestic product — value standard local currency in Norway was 5.22 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Norway?
- The highest recorded value was 5.71 million million SLC in 2022.
- What is the lowest gross domestic product — value standard local currency recorded in Norway?
- The lowest recorded value was 91,530 million SLC in 1970.
- How does Norway rank for gross domestic product — value standard local currency?
- Norway ranks 71st out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Norway?
- Over the last ten years it is up 65.2%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).