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 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in Norway reached 67.294 US dollars per inhabitant, or 362.01 bn US Dollar in the whole country. Norway is therefore currently ranked 32 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Norway is in the list of the world's richest countries in place 8.

Inflation in Norway was in 2020 at around 1.29%. For the the EU, the average of the same was year at 0.51%.

Compared to Germany, the prices of daily necessities are approximately 24.90% higher.
The Corruption Perceptions Index for the public sector counts 84 and is compared to other countries good.


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