Europe & Central Asia
Norway GDP
Gross Domestic Product in current US dollars.
Latest Value
$483.59B
As of 2024
YoY Change
+0.1%
2023 → 2024
Record High
$596.30B
Recorded in 2022
Record Low
$5.20B
Recorded in 1960
10-Year Average
$444.32B
2015–2024
Data Range
1960–2024
65 data points
Source
World Bank
Code: NY.GDP.MKTP.CD
Historical Trend
1960 – 2024
Analysis
Norway's GDP of 483,593,000,000 current US$ in 2024 indicates a significant economy driven by its strong oil and gas industry, as well as other sectors like fisheries and forestry. The country's high standard of living and social welfare system are also supported by its substantial sovereign wealth fund. This fund is fueled by the nation's oil revenues, contributing to economic stability.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | $483.59B | $642.92M | +0.1% |
| 2023 | $482.95B | $113.35B | -19.0% |
| 2022 | $596.30B | $92.93B | +18.5% |
| 2021 | $503.37B | $135.73B | +36.9% |
| 2020 | $367.63B | $41.11B | -10.1% |
| 2019 | $408.74B | $31.05B | -7.1% |
| 2018 | $439.79B | $38.04B | +9.5% |
| 2017 | $401.75B | $30.79B | +8.3% |
| 2016 | $370.96B | $17.20B | -4.4% |
| 2015 | $388.16B | $113.58B | -22.6% |
Source: World Bank Open Data · 1960–2024
Neighbouring Countries Ranking
Europe & Central Asia · GDP
