Indicators of economy in Norway

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2018 was at about 11.072 US Dollar per capita. The GDP in Norway reached 81.734 US Dollar per capita. The gross national product has been at 80.610 US Dollar per capita.

Inflation in Norway was in 2019 at around 2.17%. For the the EU, the average of the same was year at 1.63%.

Compared to Germany, the prices of daily necessities are approximately 43.80% higher.
The Corruption Perceptions Index for the public sector counts 84 and is compared to other countries good.


Back to overview: Norway

Unemployment rates in percent 1991 - 2019

Unemployment rates Norway

Economic performance 2018

 Norway
Total		Norway
per capita		EU
Total		EU
per capita
GDP434.17 bn USD81,734.47 USD15,912.78 tn USD31,004.16 USD
Gross national product428.38 bn USD80,644.20 USD15,400.52 tn USD30,006.07 USD


Development of the Gross domestic product in billion US Dollar 1979 - 2018

GDP Norway

Household debt and deficits 2018


 Norway
Total		Norway
per capita		EU
Total		EU
per capita
Gross debt114.61 bn USD21,576.61 USD15,016.71 tn USD29,258.27 USD
Budget deficit-22.26 bn USD-4,190.89 USD117.16 bn USD228.27 USD

Please note: A negative budget deficit equivalents to a surplus

› Debt budget development
› Development of inflation
› Corruption in Norway
› Cost of living in a global comparison

Im- and Exports 2018

 Norway
Total		Norway
per capita		EU
Total		EU
per capita
Exports166.33 bn USD31,312.58 USD8,712.92 bn USD16,976.10 USD
Imports141.11 bn USD26,564.29 USD8,121.06 bn USD15,822.93 USD


Development of imports and exports in billion US dollars 1979 - 2018


Exports
Imports