Gross National Income — Value Standard Local Currency in Norway
Norway: Gross National Income — Value Standard Local Currency was 5.15 million million SLC in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency in Norway, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, gross national income — value standard local currency in Norway stood at 5.15 million million SLC.
Compared with earlier readings it is down 10.2% on the previous year and up 65.0% over ten years.
Over the whole period, gross national income — value standard local currency in Norway peaked at 5.74 million million SLC in 2022 and was at its lowest, 90,752 million SLC, in 1970.
Norway ranks 62nd of 202 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 National Income — Value Standard Local Currency in Norway, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 90,752 million SLC | — |
| 1971 | 102,223 million SLC | +12.6% |
| 1972 | 113,425 million SLC | +11.0% |
| 1973 | 128,859 million SLC | +13.6% |
| 1974 | 148,789 million SLC | +15.5% |
| 1975 | 169,975 million SLC | +14.2% |
| 1976 | 192,984 million SLC | +13.5% |
| 1977 | 215,885 million SLC | +11.9% |
| 1978 | 236,567 million SLC | +9.6% |
| 1979 | 259,812 million SLC | +9.8% |
| 1980 | 308,830 million SLC | +18.9% |
| 1981 | 354,174 million SLC | +14.7% |
| 1982 | 391,672 million SLC | +10.6% |
| 1983 | 436,754 million SLC | +11.5% |
| 1984 | 493,333 million SLC | +13.0% |
| 1985 | 552,744 million SLC | +12.0% |
| 1986 | 572,904 million SLC | +3.6% |
| 1987 | 626,012 million SLC | +9.3% |
| 1988 | 648,146 million SLC | +3.5% |
| 1989 | 689,852 million SLC | +6.4% |
| 1990 | 728,732 million SLC | +5.6% |
| 1991 | 765,085 million SLC | +5.0% |
| 1992 | 796,032 million SLC | +4.0% |
| 1993 | 836,038 million SLC | +5.0% |
| 1994 | 882,270 million SLC | +5.5% |
| 1995 | 951,445 million SLC | +7.8% |
| 1996 | 1.04 million million SLC | +9.6% |
| 1997 | 1.13 million million SLC | +8.3% |
| 1998 | 1.15 million million SLC | +1.9% |
| 1999 | 1.26 million million SLC | +9.1% |
| 2000 | 1.49 million million SLC | +18.6% |
| 2001 | 1.57 million million SLC | +5.3% |
| 2002 | 1.57 million million SLC | +0.1% |
| 2003 | 1.63 million million SLC | +4.1% |
| 2004 | 1.79 million million SLC | +9.7% |
| 2005 | 2.02 million million SLC | +12.7% |
| 2006 | 2.23 million million SLC | +10.3% |
| 2007 | 2.35 million million SLC | +5.7% |
| 2008 | 2.61 million million SLC | +10.9% |
| 2009 | 2.45 million million SLC | -6.0% |
| 2010 | 2.63 million million SLC | +7.3% |
| 2011 | 2.84 million million SLC | +7.7% |
| 2012 | 3.01 million million SLC | +6.0% |
| 2013 | 3.12 million million SLC | +3.8% |
| 2014 | 3.26 million million SLC | +4.4% |
| 2015 | 3.26 million million SLC | -0.1% |
| 2016 | 3.25 million million SLC | -0.2% |
| 2017 | 3.44 million million SLC | +5.9% |
| 2018 | 3.72 million million SLC | +8.0% |
| 2019 | 3.71 million million SLC | -0.4% |
| 2020 | 3.60 million million SLC | -2.8% |
| 2021 | 4.31 million million SLC | +19.7% |
| 2022 | 5.74 million million SLC | +33.0% |
| 2023 | 5.15 million million SLC | -10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 165,927 million SLC | 90,752 million SLC | 259,812 million SLC | 10 |
| 1980s | 507,442 million SLC | 308,830 million SLC | 689,852 million SLC | 10 |
| 1990s | 953,756 million SLC | 728,732 million SLC | 1.26 million million SLC | 10 |
| 2000s | 1.97 million million SLC | 1.49 million million SLC | 2.61 million million SLC | 10 |
| 2010s | 3.22 million million SLC | 2.63 million million SLC | 3.72 million million SLC | 10 |
| 2020s | 4.70 million million SLC | 3.60 million million SLC | 5.74 million million SLC | 4 |
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)
- Services, value added (constant LCU), per capita 452,677 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 1.41 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.92 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9115 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 86,220 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 2.47 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 9.48 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 896,328 current LCU per person (2025)
Frequently asked questions
- What is gross national income — value standard local currency in Norway?
- Gross national income — value standard local currency in Norway was 5.15 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value standard local currency recorded in Norway?
- The highest recorded value was 5.74 million million SLC in 2022.
- What is the lowest gross national income — value standard local currency recorded in Norway?
- The lowest recorded value was 90,752 million SLC in 1970.
- How does Norway rank for gross national income — value standard local currency?
- Norway ranks 62nd out of 202 countries with data for 2023.
- Is gross national income — value standard local currency rising or falling in Norway?
- Over the last ten years it is up 65.0%. 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 National Income — Value Standard Local Currency. 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).