Gross Domestic Product — Value US$ in Norway
Norway: Gross Domestic Product — Value US$ was 486,092 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Norway, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Norway is 486,092 million USD, measured in 2024.
Compared with earlier readings it is up 0.2% on the previous year and down 3.1% over ten years.
Over the whole period, gross domestic product — value us$ in Norway peaked at 593,727 million USD in 2022 and was at its lowest, 12,814 million USD, in 1970.
That places Norway 31st out of 203 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Norway, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 12,814 million USD | — |
| 1971 | 14,583 million USD | +13.8% |
| 1972 | 17,358 million USD | +19.0% |
| 1973 | 22,534 million USD | +29.8% |
| 1974 | 27,146 million USD | +20.5% |
| 1975 | 32,878 million USD | +21.1% |
| 1976 | 35,942 million USD | +9.3% |
| 1977 | 41,508 million USD | +15.5% |
| 1978 | 46,523 million USD | +12.1% |
| 1979 | 53,133 million USD | +14.2% |
| 1980 | 64,439 million USD | +21.3% |
| 1981 | 63,597 million USD | -1.3% |
| 1982 | 62,647 million USD | -1.5% |
| 1983 | 61,628 million USD | -1.6% |
| 1984 | 62,058 million USD | +0.7% |
| 1985 | 65,417 million USD | +5.4% |
| 1986 | 78,693 million USD | +20.3% |
| 1987 | 94,231 million USD | +19.7% |
| 1988 | 101,901 million USD | +8.1% |
| 1989 | 102,634 million USD | +0.7% |
| 1990 | 119,791 million USD | +16.7% |
| 1991 | 121,872 million USD | +1.7% |
| 1992 | 130,838 million USD | +7.4% |
| 1993 | 120,579 million USD | -7.8% |
| 1994 | 127,132 million USD | +5.4% |
| 1995 | 152,031 million USD | +19.6% |
| 1996 | 163,520 million USD | +7.6% |
| 1997 | 161,357 million USD | -1.3% |
| 1998 | 154,230 million USD | -4.4% |
| 1999 | 162,384 million USD | +5.3% |
| 2000 | 171,456 million USD | +5.6% |
| 2001 | 174,240 million USD | +1.6% |
| 2002 | 195,915 million USD | +12.4% |
| 2003 | 229,385 million USD | +17.1% |
| 2004 | 265,267 million USD | +15.6% |
| 2005 | 309,979 million USD | +16.9% |
| 2006 | 346,913 million USD | +11.9% |
| 2007 | 402,646 million USD | +16.1% |
| 2008 | 464,918 million USD | +15.5% |
| 2009 | 387,974 million USD | -16.6% |
| 2010 | 431,052 million USD | +11.1% |
| 2011 | 501,361 million USD | +16.3% |
| 2012 | 512,777 million USD | +2.3% |
| 2013 | 526,014 million USD | +2.6% |
| 2014 | 501,736 million USD | -4.6% |
| 2015 | 388,160 million USD | -22.6% |
| 2016 | 370,957 million USD | -4.4% |
| 2017 | 401,745 million USD | +8.3% |
| 2018 | 439,789 million USD | +9.5% |
| 2019 | 408,743 million USD | -7.1% |
| 2020 | 367,633 million USD | -10.1% |
| 2021 | 503,368 million USD | +36.9% |
| 2022 | 593,727 million USD | +18.0% |
| 2023 | 485,311 million USD | -18.3% |
| 2024 | 486,092 million USD | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30,442 million USD | 12,814 million USD | 53,133 million USD | 10 |
| 1980s | 75,724 million USD | 61,628 million USD | 102,634 million USD | 10 |
| 1990s | 141,373 million USD | 119,791 million USD | 163,520 million USD | 10 |
| 2000s | 294,869 million USD | 171,456 million USD | 464,918 million USD | 10 |
| 2010s | 448,233 million USD | 370,957 million USD | 526,014 million USD | 10 |
| 2020s | 487,226 million USD | 367,633 million USD | 593,727 million USD | 5 |
Countries ranked near Norway
- 28 United Arab Emirates 537,079 million USD compare
- 29 Thailand 525,430 million USD compare
- 30 Austria 521,642 million USD compare
- 32 Philippines 461,713 million USD compare
- 33 Bangladesh 432,742 million USD compare
- 34 Denmark 429,457 million USD 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)
- Net primary income (Net income from abroad) (current LCU), annual 63.58 % change on previous year (2022)
- Taxes less subsidies on products (current US$), annual growth rate 6.46 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0885 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 8,374 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 2.99 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.9203 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 87,058 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0724 (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Norway?
- Gross domestic product — value us$ in Norway was 486,092 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Norway?
- The highest recorded value was 593,727 million USD in 2022.
- What is the lowest gross domestic product — value us$ recorded in Norway?
- The lowest recorded value was 12,814 million USD in 1970.
- How does Norway rank for gross domestic product — value us$?
- Norway ranks 31st out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Norway?
- Over the last ten years it is down 3.1%. 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 US$. Statizoid updates them automatically from the source API.
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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).