Norway — GDP
GDP (Nominal) for Norway, 1960–2025.
GDP for Norway was 530.76 billion in 2025, according to the latest World Bank data. The series covers 66 years, from 1960 to 2025. The highest recorded value was 617.32 billion in 2022. The lowest was 5.17 billion in 1960 (about 102.6× the low point). Across that span the compound annual growth rate works out to 7.38% per year.
Norway ranks 31 of 212 economies on this measure (1 = highest), putting it in the top 15%. The median for Europe & Central Asia is 101.16 billion, so Norway sits above it. It peaked in 2022 and has fallen 14% since. Over the last decade (2015–2025) the figure moved up 32%. Within Europe & Central Asia it ranks 15 of 57 economies; Denmark (462.53 billion) is just below it. Its sharpest one-year move was up 36% in 2021. That is 14% above this series' own ten-year average.
Data highlights
From its 1960 level: doubled by 1969; grown tenfold by 1979. Doubling roughly every 9.7 years at that pace.
World ranking. Slipped: 27th of 111 in 1960 → 24th of 146 in 1970 → 28th of 163 in 1980 → 28th of 192 in 1990 → 26th of 204 in 2000 → 25th of 212 in 2010 → 31st of 210 in 2020 → 30th of 186 in 2025.
Key figures
Full history — 1960 to 2025
| Year | current US$ | Change |
|---|---|---|
| 2025 | 530,755,719,438.88 | +6.0% |
| 2024 | 500,886,328,034.12 | -0.3% |
| 2023 | 502,197,633,322.82 | -18.6% |
| 2022 | 617,321,834,098.99 | +18.4% |
| 2021 | 521,592,200,232.83 | +36.5% |
| 2020 | 382,252,517,921.94 | -9.9% |
| 2019 | 424,244,886,363.64 | -6.7% |
| 2018 | 454,588,871,810.64 | +9.4% |
| 2017 | 415,673,181,543.42 | +8.5% |
| 2016 | 383,284,047,619.05 | -4.3% |
| 2015 | 400,669,174,330.89 | -22.3% |
| 2014 | 515,829,568,897.12 | -4.5% |
| 2013 | 540,132,255,319.15 | +2.9% |
| 2012 | 525,082,939,406.96 | +2.4% |
| 2011 | 512,868,581,627.71 | +16.5% |
| 2010 | 440,132,138,425.48 | +11.2% |
| 2009 | 395,664,488,017.43 | -16.2% |
| 2008 | 472,060,283,687.94 | +15.8% |
| 2007 | 407,813,774,161.08 | +16.6% |
| 2006 | 349,773,283,644.93 | +12.3% |
| 2005 | 311,417,306,946.06 | +17.2% |
| 2004 | 265,662,977,688.11 | +15.9% |
| 2003 | 229,192,678,172.93 | +17.3% |
| 2002 | 195,359,978,957.39 | +12.5% |
| 2001 | 173,590,978,346.7 | +1.7% |
| 2000 | 170,620,327,660.25 | +5.8% |
| 1999 | 161,304,620,986.77 | +5.5% |
| 1998 | 152,955,958,171.53 | -4.4% |
| 1997 | 160,013,571,973.87 | -1.5% |
| 1996 | 162,427,517,132.31 | +7.5% |
| 1995 | 151,083,627,983.33 | +19.6% |
| 1994 | 126,324,387,893.9 | +5.4% |
| 1993 | 119,841,699,440.38 | -7.8% |
| 1992 | 129,998,873,602.06 | +7.3% |
| 1991 | 121,149,331,317.77 | +1.5% |
| 1990 | 119,344,377,526.08 | +16.7% |
| 1989 | 102,226,808,603.09 | +0.7% |
| 1988 | 101,497,621,605.03 | +8.1% |
| 1987 | 93,913,320,964.75 | +19.7% |
| 1986 | 78,438,205,741.95 | +20.3% |
| 1985 | 65,211,464,197.65 | +5.4% |
| 1984 | 61,866,078,539.48 | +0.7% |
| 1983 | 61,417,685,433.91 | -1.7% |
| 1982 | 62,453,362,255.97 | -1.5% |
| 1981 | 63,392,804,251.24 | -1.2% |
| 1980 | 64,176,789,763.52 | +21.2% |
| 1979 | 52,935,763,511.78 | +14.2% |
| 1978 | 46,355,988,783.55 | +12.1% |
| 1977 | 41,362,637,362.64 | +15.5% |
| 1976 | 35,815,449,463.94 | +9.4% |
| 1975 | 32,742,543,381.35 | +21.1% |
| 1974 | 27,033,413,361.73 | +20.5% |
| 1973 | 22,433,660,550.14 | +29.8% |
| 1972 | 17,283,931,878.21 | +19.0% |
| 1971 | 14,523,306,736.21 | +13.9% |
| 1970 | 12,753,503,478.98 | +15.1% |
| 1969 | 11,083,505,596.05 | +8.9% |
| 1968 | 10,178,705,992.48 | +6.8% |
| 1967 | 9,532,076,025.94 | +9.4% |
| 1966 | 8,712,528,094.55 | +7.9% |
| 1965 | 8,073,570,565.93 | +12.6% |
| 1964 | 7,172,430,304.05 | +10.0% |
| 1963 | 6,522,268,052.84 | +7.3% |
| 1962 | 6,078,186,244.59 | +7.7% |
| 1961 | 5,642,867,671.72 | +9.1% |
| 1960 | 5,172,811,442.42 | — |
Frequently asked questions
What was Norway’s GDP in 1961?
5,642,867,671.72 (1961). The full year-by-year table above lists every published year, most recent first.
Are Norway’s GDP figures nominal or inflation-adjusted?
They are exactly as the World Bank publishes them — current US$ — with no inflation restatement and no PPP conversion. Years the source does not report are omitted rather than interpolated.
Is Norway’s GDP growing or shrinking?
Between 1960 and 2025 the series was growing overall: +10160.5% in total — about 7.4% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.CD. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 530,755,719,438.88; 2024: 500,886,328,034.12; 2023: 502,197,633,322.82; 2022: 617,321,834,098.99; 2021: 521,592,200,232.83. Earlier years are in the full-history table below.
Related data
NY.GDP.MKTP.CD — GDP (Nominal). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.