Gross value added at basic prices (GVA) in Norway
Norway: Gross value added at basic prices (GVA) was 483.77 billion current US$ in 2025. ◆ Volatile
Latest (2025)
483.77 billion current US$
Change on year
up 5.9%
World rank
31st
of 207 countries
All-time high
573.12 billion current US$
in 2022
All-time low
11.12 billion current US$
in 1970
Years of data
56
1970–2025
Gross value added at basic prices (GVA) in Norway, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2025, gross value added at basic prices (gva) in Norway stood at 483.77 billion current US$.
That represents a change of up 5.9% on the previous year and up 35.0% over ten years.
Over the whole period, gross value added at basic prices (gva) in Norway peaked at 573.12 billion current US$ in 2022 and was at its lowest, 11.12 billion current US$, in 1970.
That places Norway 31st out of 207 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Norway, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 11.12 billion current US$ | — |
| 1971 | 12.52 billion current US$ | +12.6% |
| 1972 | 14.95 billion current US$ | +19.3% |
| 1973 | 19.45 billion current US$ | +30.2% |
| 1974 | 23.74 billion current US$ | +22.0% |
| 1975 | 28.81 billion current US$ | +21.3% |
| 1976 | 31.52 billion current US$ | +9.4% |
| 1977 | 36.33 billion current US$ | +15.3% |
| 1978 | 41.04 billion current US$ | +13.0% |
| 1979 | 46.95 billion current US$ | +14.4% |
| 1980 | 57.35 billion current US$ | +22.2% |
| 1981 | 56.31 billion current US$ | -1.8% |
| 1982 | 55.61 billion current US$ | -1.3% |
| 1983 | 54.53 billion current US$ | -1.9% |
| 1984 | 55.07 billion current US$ | +1.0% |
| 1985 | 57.36 billion current US$ | +4.2% |
| 1986 | 67.52 billion current US$ | +17.7% |
| 1987 | 81.42 billion current US$ | +20.6% |
| 1988 | 88.83 billion current US$ | +9.1% |
| 1989 | 90.51 billion current US$ | +1.9% |
| 1990 | 106.02 billion current US$ | +17.1% |
| 1991 | 107.40 billion current US$ | +1.3% |
| 1992 | 114.76 billion current US$ | +6.9% |
| 1993 | 105.20 billion current US$ | -8.3% |
| 1994 | 110.06 billion current US$ | +4.6% |
| 1995 | 130.89 billion current US$ | +18.9% |
| 1996 | 140.78 billion current US$ | +7.6% |
| 1997 | 138.63 billion current US$ | -1.5% |
| 1998 | 132.03 billion current US$ | -4.8% |
| 1999 | 139.85 billion current US$ | +5.9% |
| 2000 | 150.41 billion current US$ | +7.6% |
| 2001 | 153.31 billion current US$ | +1.9% |
| 2002 | 172.37 billion current US$ | +12.4% |
| 2003 | 203.15 billion current US$ | +17.9% |
| 2004 | 236.06 billion current US$ | +16.2% |
| 2005 | 278.14 billion current US$ | +17.8% |
| 2006 | 312.54 billion current US$ | +12.4% |
| 2007 | 362.66 billion current US$ | +16.0% |
| 2008 | 425.88 billion current US$ | +17.4% |
| 2009 | 354.14 billion current US$ | -16.8% |
| 2010 | 393.24 billion current US$ | +11.0% |
| 2011 | 460.26 billion current US$ | +17.0% |
| 2012 | 472.01 billion current US$ | +2.6% |
| 2013 | 485.35 billion current US$ | +2.8% |
| 2014 | 463.11 billion current US$ | -4.6% |
| 2015 | 358.22 billion current US$ | -22.6% |
| 2016 | 340.61 billion current US$ | -4.9% |
| 2017 | 370.27 billion current US$ | +8.7% |
| 2018 | 406.34 billion current US$ | +9.7% |
| 2019 | 378.94 billion current US$ | -6.7% |
| 2020 | 339.35 billion current US$ | -10.4% |
| 2021 | 471.60 billion current US$ | +39.0% |
| 2022 | 573.12 billion current US$ | +21.5% |
| 2023 | 459.32 billion current US$ | -19.9% |
| 2024 | 456.75 billion current US$ | -0.6% |
| 2025 | 483.77 billion current US$ | +5.9% |
Norway compared with similar countries
- Norway's 483.77 billion current US$ is above the median for high income countries, which is 110.20 billion current US$, 4.4× the median. (77 countries reporting)
- Norway's 483.77 billion current US$ is above the median for Europe & Central Asia, which is 89.25 billion current US$, 5.4× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26.64 billion current US$ | 11.12 billion current US$ | 46.95 billion current US$ | 10 |
| 1980s | 66.45 billion current US$ | 54.53 billion current US$ | 90.51 billion current US$ | 10 |
| 1990s | 122.56 billion current US$ | 105.20 billion current US$ | 140.78 billion current US$ | 10 |
| 2000s | 264.87 billion current US$ | 150.41 billion current US$ | 425.88 billion current US$ | 10 |
| 2010s | 412.83 billion current US$ | 340.61 billion current US$ | 485.35 billion current US$ | 10 |
| 2020s | 463.99 billion current US$ | 339.35 billion current US$ | 573.12 billion current US$ | 6 |
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$), annual growth rate 5.24 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Norway?
- Gross value added at basic prices (gva) in Norway was 483.77 billion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Norway?
- The highest recorded value was 573.12 billion current US$ in 2022.
- What is the lowest gross value added at basic prices (gva) recorded in Norway?
- The lowest recorded value was 11.12 billion current US$ in 1970.
- How does Norway rank for gross value added at basic prices (gva)?
- Norway ranks 31st out of 207 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Norway?
- Over the last ten years it is up 35.0%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.