Industry (including construction), value added in Norway
Norway: Industry (including construction), value added was 1.90 trillion current LCU in 2025. ◆ Volatile
Latest (2025)
1.90 trillion current LCU
Change on year
down 1.8%
World rank
66th
of 209 countries
All-time high
2.84 trillion current LCU
in 2022
All-time low
24.59 billion current LCU
in 1970
Years of data
56
1970–2025
Industry (including construction), value added in Norway, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Norway recorded 1.90 trillion current LCU for industry (including construction), value added in 2025.
That represents a change of down 1.8% on the previous year and up 90.7% over ten years.
Over the whole period, industry (including construction), value added in Norway peaked at 2.84 trillion current LCU in 2022 and was at its lowest, 24.59 billion current LCU, in 1970.
That places Norway 66th out of 209 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Norway, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 24.59 billion current LCU | — |
| 1971 | 26.88 billion current LCU | +9.3% |
| 1972 | 29.98 billion current LCU | +11.5% |
| 1973 | 34.20 billion current LCU | +14.1% |
| 1974 | 41.25 billion current LCU | +20.6% |
| 1975 | 49.56 billion current LCU | +20.1% |
| 1976 | 55.83 billion current LCU | +12.6% |
| 1977 | 62.47 billion current LCU | +11.9% |
| 1978 | 72.20 billion current LCU | +15.6% |
| 1979 | 86.37 billion current LCU | +19.6% |
| 1980 | 108.75 billion current LCU | +25.9% |
| 1981 | 124.30 billion current LCU | +14.3% |
| 1982 | 138.38 billion current LCU | +11.3% |
| 1983 | 157.48 billion current LCU | +13.8% |
| 1984 | 185.14 billion current LCU | +17.6% |
| 1985 | 200.76 billion current LCU | +8.4% |
| 1986 | 169.25 billion current LCU | -15.7% |
| 1987 | 181.40 billion current LCU | +7.2% |
| 1988 | 182.41 billion current LCU | +0.6% |
| 1989 | 206.93 billion current LCU | +13.4% |
| 1990 | 221.44 billion current LCU | +7.0% |
| 1991 | 224.44 billion current LCU | +1.4% |
| 1992 | 227.84 billion current LCU | +1.5% |
| 1993 | 236.06 billion current LCU | +3.6% |
| 1994 | 250.33 billion current LCU | +6.0% |
| 1995 | 277.32 billion current LCU | +10.8% |
| 1996 | 326.62 billion current LCU | +17.8% |
| 1997 | 359.21 billion current LCU | +10.0% |
| 1998 | 321.54 billion current LCU | -10.5% |
| 1999 | 374.98 billion current LCU | +16.6% |
| 2000 | 555.36 billion current LCU | +48.1% |
| 2001 | 557.54 billion current LCU | +0.4% |
| 2002 | 526.21 billion current LCU | -5.6% |
| 2003 | 550.06 billion current LCU | +4.5% |
| 2004 | 634.80 billion current LCU | +15.4% |
| 2005 | 768.75 billion current LCU | +21.1% |
| 2006 | 893.88 billion current LCU | +16.3% |
| 2007 | 891.97 billion current LCU | -0.2% |
| 2008 | 1.08 trillion current LCU | +20.6% |
| 2009 | 856.16 billion current LCU | -20.4% |
| 2010 | 925.93 billion current LCU | +8.1% |
| 2011 | 1.06 trillion current LCU | +14.9% |
| 2012 | 1.12 trillion current LCU | +5.7% |
| 2013 | 1.13 trillion current LCU | +0.3% |
| 2014 | 1.10 trillion current LCU | -2.2% |
| 2015 | 996.86 billion current LCU | -9.6% |
| 2016 | 894.05 billion current LCU | -10.3% |
| 2017 | 1.02 trillion current LCU | +14.1% |
| 2018 | 1.18 trillion current LCU | +15.2% |
| 2019 | 1.08 trillion current LCU | -8.1% |
| 2020 | 937.18 billion current LCU | -13.2% |
| 2021 | 1.65 trillion current LCU | +76.2% |
| 2022 | 2.84 trillion current LCU | +72.0% |
| 2023 | 2.01 trillion current LCU | -29.3% |
| 2024 | 1.94 trillion current LCU | -3.7% |
| 2025 | 1.90 trillion current LCU | -1.8% |
Norway compared with similar countries
- Norway's 1.90 trillion current LCU is above the median for high income countries, which is 60.84 billion current LCU, 31.2× the median. (77 countries reporting)
- Norway's 1.90 trillion current LCU is above the median for Europe & Central Asia, which is 108.46 billion current LCU, 17.5× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 48.33 billion current LCU | 24.59 billion current LCU | 86.37 billion current LCU | 10 |
| 1980s | 165.48 billion current LCU | 108.75 billion current LCU | 206.93 billion current LCU | 10 |
| 1990s | 281.98 billion current LCU | 221.44 billion current LCU | 374.98 billion current LCU | 10 |
| 2000s | 731.01 billion current LCU | 526.21 billion current LCU | 1.08 trillion current LCU | 10 |
| 2010s | 1.05 trillion current LCU | 894.05 billion current LCU | 1.18 trillion current LCU | 10 |
| 2020s | 1.88 trillion current LCU | 937.18 billion current LCU | 2.84 trillion current LCU | 6 |
Countries ranked near Norway
- 63 Serbia 2.32 trillion current LCU compare
- 64 Dominican Republic 2.24 trillion current LCU compare
- 65 Saudi Arabia 2.06 trillion current LCU compare
- 67 South Africa 1.84 trillion current LCU compare
- 68 Ukraine 1.60 trillion current LCU compare
- 69 Togo 1.45 trillion current LCU 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)
- 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 industry (including construction), value added in Norway?
- Industry (including construction), value added in Norway was 1.90 trillion current LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Norway?
- The highest recorded value was 2.84 trillion current LCU in 2022.
- What is the lowest industry (including construction), value added recorded in Norway?
- The lowest recorded value was 24.59 billion current LCU in 1970.
- How does Norway rank for industry (including construction), value added?
- Norway ranks 66th out of 209 countries with data for 2025.
- Is industry (including construction), value added rising or falling in Norway?
- Over the last ten years it is up 90.7%. 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 Industry (including construction), value added (current LCU). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.