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 2019 was at about 11.163 US Dollar per capita. The GDP in Norway reached 75.420 US Dollar per capita. The gross national product has been at 82.500 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.


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Unemployment rates in percent 1991 - 2019

Unemployment rates Norway

Economic performance 2019

 Norway
Total
Norway
per capita
EU
Total
EU
per capita
GDP403.34 bn USD75,419.63 USD15,592.80 tn USD30,315.74 USD
Gross national product441.21 bn USD82,501.64 USD15,985.73 tn USD31,079.69 USD


8 of the 2000 largest listed companies in the world originate from Norway. This is determined annually in the "Forbes Global 2000" list. The 8 largest companies in the country were in 2020:

Rank 165: Equinor (Stavanger)
Rank 333: DNB (Oslo)
Rank 691: Telenor (Fornebu)
Rank 972: Yara International (Oslo)
Rank 1228: Storebrand (Lysaker)
Rank 1459: Norsk Hydro (Oslo)
Rank 1822: Mowi ASA (Bergen)
Rank 1965: Orkla (Oslo)

Development of the Gross domestic product in billion US Dollar 1979 - 2019


GDP Norway

Household debt and deficits 2018


 Norway
Total
Norway
per capita
EU
Total
EU
per capita
Gross debt114.61 bn USD21,431.44 USD15,016.71 tn USD29,195.71 USD
Budget deficit-22.26 bn USD-4,162.70 USD117.16 bn USD227.78 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 2019

 Norway
Total
Norway
per capita
EU
Total
EU
per capita
Exports147.27 bn USD27,537.53 USD8,590.51 bn USD16,701.80 USD
Imports141.46 bn USD26,451.85 USD8,032.20 bn USD15,616.32 USD


Development of imports and exports in billion US dollars 1979 - 2019


Exports
Imports