Economic Trivia

Norway is the world's third-largest natural gas exporter; and seventh largest oil exporter.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2021): Germany, United Kingdom, and Sweden
Top 3 Exported Goods (2021): Oil & Mineral Fuels, Seafood, and Aluminum

Top Industries Source: CIA World Factbook

Petroleum and Gas; Food Processing; Shipbuilding; Pulp and Paper Products

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $428,345,597,568 (2021)
GDP Growth Rate (annual %) 3.881% (2021)
GDP Per Capita, PPP (current international) $79,201 (2021)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 50/197 (2021)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 3.484% (2021)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 36.2% (2019)
Real Interest Rate (5 year average %) -12.52% (2021)
Manufacturing, value added (% of GDP) 5.495% (2021)
Current Account Balance (BoP, current US$) $71,551,065,671 (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 2,971,470 (2021)
Employment in Agriculture (% of total employment) 2.006% (2020)
Employment in Industry (% of total employment) 19.104% (2020)
Employment in Services (% of total employment) 78.89% (2020)
Unemployment Rate 4.985% (2021)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $141,350,523,865 (2021)
Exports of goods and services (current US$) $200,451,455,180 (2021)
Total Merchandise Trade (% of GDP) 53.481% (2021)
FDI, net inflows (BoP, current US$) $10,696,791,834 (2021)
Commercial Service Exports (current US$) $40,158,882,540 (2021)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Norway’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank