Merchandise trade as a proportion of GDP in Norway
Norway: Merchandise trade as a proportion of GDP was 55.4% in 2024. ▬ Flat
Latest (2024)
55.4%
Change on year
down 3.4%
World rank
94th
of 188 countries
All-time high
59.7%
in 2022
All-time low
43.3%
in 2016
Years of data
25
2000–2024
Merchandise trade as a proportion of GDP in Norway, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Norway recorded 55.4% for merchandise trade as a proportion of gdp in 2024.
That represents a change of down 3.4% on the previous year and up 18.6% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Norway peaked at 59.7% in 2022 and was at its lowest, 43.3%, in 2016.
Norway ranks 94th of 188 countries on this measure, in the middle of the range.
Merchandise trade as a proportion of GDP in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 55.1% | — |
| 2001 | 52.9% | -4.0% |
| 2002 | 48.3% | -8.8% |
| 2003 | 47.2% | -2.1% |
| 2004 | 49.4% | +4.6% |
| 2005 | 51.4% | +4.0% |
| 2006 | 53.8% | +4.6% |
| 2007 | 53.8% | +0.1% |
| 2008 | 56.4% | +4.8% |
| 2009 | 47.9% | -15.1% |
| 2010 | 48.3% | +0.8% |
| 2011 | 50.1% | +3.8% |
| 2012 | 48.4% | -3.4% |
| 2013 | 46.7% | -3.5% |
| 2014 | 46.7% | -0.1% |
| 2015 | 46.5% | -0.4% |
| 2016 | 43.3% | -6.9% |
| 2017 | 45.4% | +4.9% |
| 2018 | 47.4% | +4.4% |
| 2019 | 46.0% | -2.9% |
| 2020 | 44.9% | -2.5% |
| 2021 | 51.2% | +14.2% |
| 2022 | 59.7% | +16.6% |
| 2023 | 57.3% | -4.1% |
| 2024 | 55.4% | -3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 51.6% | 47.2% | 56.4% | 10 |
| 2010s | 46.9% | 43.3% | 50.1% | 10 |
| 2020s | 53.7% | 44.9% | 59.7% | 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 2.58 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.2882 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 27,262 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -5.99 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -9.05 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual -0.9479 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.1707 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 16,147 current LCU per person (2025)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Norway?
- Merchandise trade as a proportion of gdp in Norway was 55.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Norway?
- The highest recorded value was 59.7% in 2022.
- What is the lowest merchandise trade as a proportion of gdp recorded in Norway?
- The lowest recorded value was 43.3% in 2016.
- How does Norway rank for merchandise trade as a proportion of gdp?
- Norway ranks 94th out of 188 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Norway?
- Over the last ten years it is up 18.6%. The long-run trend across the full record is flat.
- Where does this Norway data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).