Norway

NOR
Updated Sep 10, 2026
Nominal GDP
$531B
+6.0%2025
GDP growth
1.09%
-0.34pp2025
Consumer inflation
3.06%
-0.09pp2025
Policy rate
4.25%
0.00ppJun 2026
Unemployment
4.64%
+0.64pp2025
GDP per capita
$94,594
+5.2%2025

Output & income

GDP growth

1.09%-0.34pp
-2%02%4%6%2015201820212025
11 values
GDP growth, every published observation
PeriodValue
20251.09%
20241.42%
20230.35%
20224.08%
20214.14%
2020-1.36%
20191.47%
20181.11%
20172.67%
20161.29%
20152.04%

Nominal GDP

$531B+6.0%
$300B$400B$500B$600B$700B2015201820212025
11 values
Nominal GDP, every published observation
PeriodValue
2025$531B
2024$501B
2023$502B
2022$617B
2021$522B
2020$382B
2019$424B
2018$455B
2017$416B
2016$383B
2015$401B

Real GDP

$470B+1.1%
$350B$400B$450B$500B2015201820212025
11 values
Real GDP, every published observation
PeriodValue
2025$470B
2024$465B
2023$459B
2022$457B
2021$439B
2020$422B
2019$427B
2018$421B
2017$417B
2016$406B
2015$401B

GDP per capita

$94,594+5.2%
$60k$80k$100k$120k2015201820212025
11 values
GDP per capita, every published observation
PeriodValue
2025$94,594
2024$89,889
2023$90,984
2022$113,122
2021$96,443
2020$71,058
2019$79,329
2018$85,579
2017$78,771
2016$73,222
2015$77,221

Prices, rates & jobs

Consumer inflation

3.06%-0.09pp
02%4%6%8%2015201820212025
11 values
Consumer inflation, every published observation
PeriodValue
20253.06%
20243.15%
20235.52%
20225.76%
20213.48%
20201.29%
20192.17%
20182.76%
20171.88%
20163.55%
20152.17%

Policy rate

4.25%0.00pp
02%4%6%Jun 2016Dec 2018Jun 2021Dec 2023Jun 2026
121 values
Policy rate, every published observation
PeriodValue
Jun 20264.25%
May 20264.25%
Apr 20264.0%
Mar 20264.0%
Feb 20264.0%
Jan 20264.0%
Dec 20254.0%
Nov 20254.0%
Oct 20254.0%
Sep 20254.0%
Aug 20254.25%
Jul 20254.25%
Jun 20254.25%
May 20254.5%
Apr 20254.5%
Mar 20254.5%
Feb 20254.5%
Jan 20254.5%
Dec 20244.5%
Nov 20244.5%
Oct 20244.5%
Sep 20244.5%
Aug 20244.5%
Jul 20244.5%
Jun 20244.5%
May 20244.5%
Apr 20244.5%
Mar 20244.5%
Feb 20244.5%
Jan 20244.5%
Dec 20234.5%
Nov 20234.25%
Oct 20234.25%
Sep 20234.25%
Aug 20234.0%
Jul 20233.75%
Jun 20233.75%
May 20233.25%
Apr 20233.0%
Mar 20233.0%
Feb 20232.75%
Jan 20232.75%
Dec 20222.75%
Nov 20222.5%
Oct 20222.25%
Sep 20222.25%
Aug 20221.75%
Jul 20221.25%
Jun 20221.25%
May 20220.75%
Apr 20220.75%
Mar 20220.75%
Feb 20220.5%
Jan 20220.5%
Dec 20210.5%
Nov 20210.25%
Oct 20210.25%
Sep 20210.25%
Aug 20210.0%
Jul 20210.0%
Jun 20210.0%
May 20210.0%
Apr 20210.0%
Mar 20210.0%
Feb 20210.0%
Jan 20210.0%
Dec 20200.0%
Nov 20200.0%
Oct 20200.0%
Sep 20200.0%
Aug 20200.0%
Jul 20200.0%
Jun 20200.0%
May 20200.0%
Apr 20200.25%
Mar 20200.25%
Feb 20201.5%
Jan 20201.5%
Dec 20191.5%
Nov 20191.5%
Oct 20191.5%
Sep 20191.5%
Aug 20191.25%
Jul 20191.25%
Jun 20191.25%
May 20191.0%
Apr 20191.0%
Mar 20191.0%
Feb 20190.75%
Jan 20190.75%
Dec 20180.75%
Nov 20180.75%
Oct 20180.75%
Sep 20180.75%
Aug 20180.5%
Jul 20180.5%
Jun 20180.5%
May 20180.5%
Apr 20180.5%
Mar 20180.5%
Feb 20180.5%
Jan 20180.5%
Dec 20170.5%
Nov 20170.5%
Oct 20170.5%
Sep 20170.5%
Aug 20170.5%
Jul 20170.5%
Jun 20170.5%
May 20170.5%
Apr 20170.5%
Mar 20170.5%
Feb 20170.5%
Jan 20170.5%
Dec 20160.5%
Nov 20160.5%
Oct 20160.5%
Sep 20160.5%
Aug 20160.5%
Jul 20160.5%
Jun 20160.5%

Unemployment

4.64%+0.64pp
3%3.5%4%4.5%5%2015201820212025
11 values
Unemployment, every published observation
PeriodValue
20254.64%
20244.0%
20233.57%
20223.23%
20214.36%
20204.42%
20193.68%
20183.8%
20174.16%
20164.68%
20154.3%

Trade & currency

Trade balance

$62.1B-$3.95B
-$100B0$100B$200B2015201820212025
11 values
Trade balance, every published observation
PeriodValue
2025$62.1B
2024$66.0B
2023$77.4B
2022$168B
2021$75.4B
2020-$2.58B
2019$10.6B
2018$29.2B
2017$18.1B
2016$10.8B
2015$26.9B

Current account, % of GDP

13.97%-1.07pp
010%20%30%2015201820212025
11 values
Current account, % of GDP, every published observation
PeriodValue
202513.97%
202415.04%
202317.17%
202227.86%
202114.28%
20201.1%
20192.81%
20187.69%
20175.21%
20163.85%
20157.76%

Export growth

2.39%-3.41pp
-2.5%02.5%5%7.5%2015201820212025
11 values
Export growth, every published observation
PeriodValue
20252.39%
20245.8%
20230.93%
20224.86%
20215.81%
2020-2.43%
20192.26%
2018-1.36%
20171.57%
20160.06%
20153.97%

Import growth

2.58%-2.44pp
-10%010%20%2015201820212025
11 values
Import growth, every published observation
PeriodValue
20252.58%
20245.02%
2023-1.2%
202213.69%
20211.75%
2020-9.9%
20195.5%
20181.43%
20171.83%
20161.71%
20151.97%

Exchange rate per USD

10.4-3.3%
6810122015201820212025
11 values
Exchange rate per USD, every published observation
PeriodValue
202510.4
202410.75
202310.56
20229.614
20218.59
20209.416
20198.8
20188.133
20178.272
20168.4
20158.064

FX reserves

$85.5B+5.2%
$50B$60B$70B$80B$90B2015201820212025
11 values
FX reserves, every published observation
PeriodValue
2025$85.5B
2024$81.2B
2023$80.5B
2022$72.1B
2021$84.3B
2020$75.3B
2019$66.9B
2018$63.1B
2017$65.9B
2016$60.4B
2015$57.5B

People

Population

5.6M+0.7%
5M5.2M5.4M5.6M5.8M2015201820212025
11 values
Population, every published observation
PeriodValue
20255.6M
20245.6M
20235.5M
20225.5M
20215.4M
20205.4M
20195.3M
20185.3M
20175.3M
20165.2M
20155.2M

Population growth

0.69%-0.26pp
00.5%1%1.5%2015201820212025
11 values
Population growth, every published observation
PeriodValue
20250.69%
20240.95%
20231.14%
20220.9%
20210.53%
20200.59%
20190.68%
20180.66%
20170.81%
20160.88%
20151.0%

Urban population

83.57%+0.24pp
80%81%82%83%84%2015201820212025
11 values
Urban population, every published observation
PeriodValue
202583.57%
202483.33%
202383.07%
202282.96%
202182.86%
202082.7%
201982.49%
201882.25%
201781.97%
201681.68%
201581.24%

All indicators

Latest reading for every indicator published for this country
IndicatorLatestChangePeriod10 years
GDP growth1.09%-0.34pp2025
Nominal GDP$531B+6.0%2025
Real GDP$470B+1.1%2025
GDP per capita$94,594+5.2%2025
Consumer inflation3.06%-0.09pp2025
Policy rate4.25%0.00ppJun 2026
Unemployment4.64%+0.64pp2025
Trade balance$62.1B-$3.95B2025
Current account, % of GDP13.97%-1.07pp2025
Export growth2.39%-3.41pp2025
Import growth2.58%-2.44pp2025
Exchange rate per USD10.4-3.3%2025
FX reserves$85.5B+5.2%2025
Population5.6M+0.7%2025
Population growth0.69%-0.26pp2025
Urban population83.57%+0.24pp2025