Norway Economic Statistics and Indicators

21, Sep 2018, EDT. Welcome to the Norway economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Norway › Change country
National or Regional Currency: Norwegian Krone, NOK
Year of data: 2015 › Change year
Number of Indicators Listed: 42
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 5,147,792 (July 2014 est.)
Area: total: 323,802 sq km ; land: 304,282 sq km ; water: 19,520 sq km
Natural Resources: petroleum, natural gas, iron ore, copper, lead, zinc, titanium, pyrites, nickel, fish, timber, hydropower
Capital: name: Oslo ; geographic coordinates: 59 55 N, 10 45 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

The Norwegian economy is a prosperous mixed economy, with a vibrant private sector, a large state sector, and an extensive social safety net. The government controls key areas, such as the vital petroleum sector, through extensive regulation and large-scale state-majority-owned enterprises. The country is richly endowed with natural resources - petroleum, hydropower, fish, forests, and minerals - and is highly dependent on the petroleum sector, which accounts for the largest portion of export revenue and about 30% of government revenue. Norway is the world's third-largest natural gas exporter; and seventh largest oil exporter, making one of its largest offshore oil finds in 2011. Norway opted to stay out of the EU during a referendum in November 1994; nonetheless, as a member of the European Economic Area, it contributes sizably to the EU budget. In anticipation of eventual declines in oil and gas production, Norway saves state revenue from the petroleum sector in the world's largest sovereign wealth fund, valued at over $830 billion in January 2014 and uses the fund's return to help finance public expenses. After solid GDP growth in 2004-07, the economy slowed in 2008, and contracted in 2009, before returning to positive growth in 2010-13. Nevertheless, the government budget remains in surplus.
More on the Norway Economy
More on the Norway Export, Import and Trade

Economic Indicator Listing
  For Norway in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 1.565 %
GDP (Current Prices, National Currency)NOK 3,140.84 Billion.
GDP (Current Prices, US Dollars)US$ 389.482 Billion
GDP Deflator 98.512 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)NOK 612,492.06 .
GDP Per Capita (Current Prices, National Currency)NOK 603,377.93 .
GDP Per Capita (Current Prices, US Dollars)US$ 74,822.11
Output Gap, Percent of Potential GDP -0.7 %
GDP (PPP), US DollarsUS$ 356.209 Billion
GDP Per Capita (PPP), US DollarsUS$ 68,430.18
GDP Share of World Total (PPP) 0.314 %
Implied PPP Conversion Rate 8.817
Investment (% of GDP) 28.566 %
Gross National Savings (% of GDP) 37.562 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 108.615 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 2.174 %
Inflation, End of Year (Indexed to Year 2000) 108.206 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 2.321 %
Import Volume of All Items Including Goods and Services (Percent Change) 0.563 %
Import Volumes of Goods Only (Percent Change) 0.843 %
Export Volume of All Items Including Goods and Services (Percent Change) 2.334 %
Export Volumes of Goods Only (Percent Change) 2.252 %
Unemployment Rate (% of Labour Force) 4.374 %
Employment 2.651 Million
Population 5.205 Million
General government revenue (National Currency)NOK 1,667.55 Billions.
General government revenue (% of GDP) 53.092 %
General government total expenditure (National Currency)NOK 1,496.69 Billions.
General government total expenditure (% of GDP) 47.652 %
Total Government Net Lending/ Borrowing (National Currency)NOK 170.857 Billions.
Total Government Net Lending/ Borrowing (% of GDP) 5.44 %
General Government Structural Balance (National Currency)NOK -165.919 Billion.
General Government Structural Balance (% Potential GDP) -6.695 %
Fiscal Year Gross Domestic Product, Current PricesNOK 3,140.84 Billions.
Current Account Balance (US Dollars)US$ 35.038 Billion
Current Account Balance (% GDP) 8.996 %
Economic Indicators for Norway 2015

GDP (Constant Prices, National Currency) for Norway in year 2015 is NOK 3,188.29 Billion.

GDP Growth (Constant Prices, National Currency) for Norway in year 2015 is 1.565 %.

GDP (Current Prices, National Currency) for Norway in year 2015 is NOK 3,140.84 Billion.

GDP (Current Prices, US Dollars) for Norway in year 2015 is US$ 389.482 Billion.

GDP Deflator for Norway in year 2015 is 98.512 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Norway in year 2015 is NOK 612,492.06 .

GDP Per Capita (Current Prices, National Currency) for Norway in year 2015 is NOK 603,377.93 .

GDP Per Capita (Current Prices, US Dollars) for Norway in year 2015 is US$ 74,822.11 .

Output Gap, Percent of Potential GDP for Norway in year 2015 is -0.7 %.

GDP (PPP), US Dollars for Norway in year 2015 is US$ 356.209 Billion.

GDP Per Capita (PPP), US Dollars for Norway in year 2015 is US$ 68,430.18 .

GDP Share of World Total (PPP) for Norway in year 2015 is 0.314 %.

Implied PPP Conversion Rate for Norway in year 2015 is 8.817 .

Investment (% of GDP) for Norway in year 2015 is 28.566 %.

Gross National Savings (% of GDP) for Norway in year 2015 is 37.562 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Norway in year 2015 is 108.615 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Norway in year 2015 is 2.174 %.

Inflation, End of Year (Indexed to Year 2000) for Norway in year 2015 is 108.206 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Norway in year 2015 is 2.321 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Norway in year 2015 is 0.563 %.

Import Volumes of Goods Only (Percent Change) for Norway in year 2015 is 0.843 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Norway in year 2015 is 2.334 %.

Export Volumes of Goods Only (Percent Change) for Norway in year 2015 is 2.252 %.

Unemployment Rate (% of Labour Force) for Norway in year 2015 is 4.374 %.

Employment for Norway in year 2015 is 2.651 Million .

Population for Norway in year 2015 is 5.205 Million .

General government revenue (National Currency) for Norway in year 2015 is NOK 1,667.55 Billions.

General government revenue (% of GDP) for Norway in year 2015 is 53.092 %.

General government total expenditure (National Currency) for Norway in year 2015 is NOK 1,496.69 Billions.

General government total expenditure (% of GDP) for Norway in year 2015 is 47.652 %.

Total Government Net Lending/ Borrowing (National Currency) for Norway in year 2015 is NOK 170.857 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Norway in year 2015 is 5.44 %.

General Government Structural Balance (National Currency) for Norway in year 2015 is NOK -165.919 Billion.

General Government Structural Balance (% Potential GDP) for Norway in year 2015 is -6.695 %.

Fiscal Year Gross Domestic Product, Current Prices for Norway in year 2015 is NOK 3,140.84 Billions.

Current Account Balance (US Dollars) for Norway in year 2015 is US$ 35.038 Billion.

Current Account Balance (% GDP) for Norway in year 2015 is 8.996 %.

* Source: IMF
Aggregate Indicators for Norway
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Norway
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Norway
  Natural Resources, Agricultural Products, Land Use and Water Use for Norway
  Nationality, Ethnic Groups, Languages and Religions for Norway
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Norway
  Age Structure, Median Age, Gender and Urbanization for Norway
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Norway
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Norway
  HIV, AIDS and Other Major Infectious Disease Rates for Norway
  Literacy Rate, Educational Expenditure and School Life Expectancy for Norway
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Norway
  Industries and Industrial Growth Production Rate for Norway
  Labor Force by Occupation for Norway
  Poverty Line, Gini Index, Household Income and Consumption for Norway
  National Budget and Public Debt for Norway
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Norway
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Norway
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Norway
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Norway
  Foreign Exchange Reserves and Gold Reserves for Norway
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Norway
  Exchange Rate Statistics for Norway
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Norway
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Norway
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Norway
  Television and Radio Statistics (TV Stats, Radio Stats) for Norway
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Norway
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Norway
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Norway
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Norway
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Norway
* Source: CIA
Internet Indicators for Norway
Indicators
  Number of Internet Users for Norway
  Internet Penetration Rate for Norway
  Number of Facebook Accounts for Norway
  Facebook Penetration Rate for Norway
* Source: IWS
Economic Freedom Indicators for Norway
Indicators
  Economic Freedom World Rank for Norway
  Government Spending for Norway
  Monetary Freedom for Norway
  Investment Freedom for Norway
  Financial Freedom for Norway
  Property Rights for Norway
  Economic Freedom Regional Ranking for Norway
  Freedom from Corruption for Norway
  Labor Freedom for Norway
  Tariff Rate for Norway
  Income Tax Rate for Norway
  Corporate Tax Rate for Norway
  Tax Burden % of GDP for Norway
  Government Expenditure % of GDP for Norway
  Business Freedom for Norway
  Trade Freedom for Norway
  Fiscal Freedom for Norway
  2016 Score for Norway
* Source: HFO
Norway Economic Indicators in other Years
  Norway Economic Indicators for Year 2021 (Forecast)
  Norway Economic Indicators for Year 2020 (Forecast)
  Norway Economic Indicators for Year 2019 (Forecast)
  Norway Economic Indicators for Year 2018 (Forecast)
  Norway Economic Indicators for Year 2017 (Forecast)
  Norway Economic Indicators for Year 2016 (Forecast)
Norway Economic Indicators for Year 2015 (Current)
  Norway Economic Indicators for Year 2014
  Norway Economic Indicators for Year 2013
  Norway Economic Indicators for Year 2012
  Norway Economic Indicators for Year 2011
  Norway Economic Indicators for Year 2010
  Norway Economic Indicators for Year 2009
  Norway Economic Indicators for Year 2008
  Norway Economic Indicators for Year 2007
  Norway Economic Indicators for Year 2006
  Norway Economic Indicators for Year 2005
  Norway Economic Indicators for Year 2004
  Norway Economic Indicators for Year 2003
  Norway Economic Indicators for Year 2002
  Norway Economic Indicators for Year 2001
  Norway Economic Indicators for Year 2000
  Norway Economic Indicators for Year 1999
  Norway Economic Indicators for Year 1998
  Norway Economic Indicators for Year 1997
  Norway Economic Indicators for Year 1996
  Norway Economic Indicators for Year 1995
  Norway Economic Indicators for Year 1994
  Norway Economic Indicators for Year 1993
  Norway Economic Indicators for Year 1992
  Norway Economic Indicators for Year 1991
  Norway Economic Indicators for Year 1990
  Norway Economic Indicators for Year 1989
  Norway Economic Indicators for Year 1988
  Norway Economic Indicators for Year 1987
  Norway Economic Indicators for Year 1986
  Norway Economic Indicators for Year 1985
  Norway Economic Indicators for Year 1984
  Norway Economic Indicators for Year 1983
  Norway Economic Indicators for Year 1982
  Norway Economic Indicators for Year 1981
  Norway Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International