Norway — GDP
GDP (Nominal) for Norway, 1960–2025.
Latest value · 2025
530.76 billion
GDP (Nominal) · current US$ · +10160.5% since 1960
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%.
Key figures
Latest (2025)
530.76 billion
First (1960)
5.17 billion
Change
+10160.5%
Highest
617.32 billion
in 2022
Lowest
5.17 billion
in 1960
Average
199.68 billion
Annual growth (CAGR)
7.38%
Years of data
66
Recent years
| Year | current US$ |
|---|---|
| 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 |
| 2020 | 382,252,517,921.94 |
| 2019 | 424,244,886,363.64 |
| 2018 | 454,588,871,810.64 |
| 2017 | 415,673,181,543.42 |
| 2016 | 383,284,047,619.05 |
| 2015 | 400,669,174,330.89 |
| 2014 | 515,829,568,897.12 |
Reading this correctly. Gross domestic product at current market prices, converted to US dollars at official exchange rates. This is the number usually meant by 'GDP'. Figures are in current US$. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
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.