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Macro

Norway

Europe & Central Asia · High income · IMF WEO April 2026 · World Bank WDI

GDP▲ 6.0%
Current prices2025
531USD bn
GDP per capita▲ 5.3%
Current prices2025
94,468USD
Real GDP growth▼ 0.3 pp
Annual change2025
1.1%
Inflation▼ 0.1 pp
Average consumer prices2025
3.0%
Unemployment▲ 0.5 pp
Rate2025
4.5%
Government debt▼ 7.8 pp
General government, gross2025
45.0% of GDP
Current account▼ 0.9 pp
Balance2025
14.1% of GDP
Population▲ 0.6%
Total2025
5.62million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-1.60.05.11995: 4.2%1996: 5.0%1997: 5.1%1998: 2.7%1999: 2.2%2000: 3.4%2001: 2.2%2002: 1.5%2003: 1.1%2004: 4.3%2005: 3.0%2006: 2.8%2007: 3.4%2008: 0.8%2009: -1.6%2010: 1.0%2011: 1.4%2012: 2.8%2013: 1.3%2014: 2.1%2015: 2.0%2016: 1.3%2017: 2.7%2018: 1.1%2019: 1.5%2020: -1.4%2021: 4.1%2022: 4.1%2023: 0.4%2024: 1.4%2025: 1.1%2026: 1.5% (IMF projection)2027: 1.3% (IMF projection)2028: 1.1% (IMF projection)2029: 1.1% (IMF projection)2030: 1.1% (IMF projection)2031: 1.1% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
0.05.81995: 2.4%1996: 1.3%1997: 2.5%1998: 2.3%1999: 2.3%2000: 3.1%2001: 3.0%2002: 1.3%2003: 2.5%2004: 0.5%2005: 1.5%2006: 2.3%2007: 0.8%2008: 3.7%2009: 2.2%2010: 2.4%2011: 1.3%2012: 0.7%2013: 2.1%2014: 2.1%2015: 2.2%2016: 3.5%2017: 1.9%2018: 2.7%2019: 2.2%2020: 1.3%2021: 3.5%2022: 5.8%2023: 5.5%2024: 3.2%2025: 3.0%2026: 3.3% (IMF projection)2027: 2.6% (IMF projection)2028: 2.2% (IMF projection)2029: 2.0% (IMF projection)2030: 2.0% (IMF projection)2031: 2.0% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %4.14.10.41.41.11.51.31.11.11.1
Inflation, average consumer prices %3.55.85.53.23.03.32.62.22.02.0
Unemployment rate %4.43.33.64.04.54.24.24.04.03.9
GDP, current prices USD bn522617502501531599604605608612
GDP per capita, current prices USD96,321112,74890,75589,68494,468105,877105,903105,321104,884104,817
GDP per capita, PPP Int. USD92,322101,794104,816107,944111,545115,548118,748121,138123,748126,494
General government gross debt % of GDP40.134.842.452.845.042.939.435.932.529.0
General government net lending/borrowing % of GDP9.924.715.912.89.310.28.37.67.26.8
Current account balance % of GDP14.427.817.115.014.114.313.612.912.311.7
Population million5.425.485.535.595.625.665.705.755.795.84

Government debt, % of GDP

General government gross debt
0.052.82000: 29%2001: 27%2002: 34%2003: 43%2004: 44%2005: 42%2006: 52%2007: 49%2008: 47%2009: 42%2010: 42%2011: 29%2012: 30%2013: 31%2014: 29%2015: 33%2016: 37%2017: 37%2018: 38%2019: 39%2020: 44%2021: 40%2022: 35%2023: 42%2024: 53%2025: 45%2026: 43% (IMF projection)2027: 39% (IMF projection)2028: 36% (IMF projection)2029: 32% (IMF projection)2030: 29% (IMF projection)2031: 25% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
0.027.82000: 14.5%2001: 15.6%2002: 12.3%2003: 12.0%2004: 12.4%2005: 16.2%2006: 16.3%2007: 12.3%2008: 15.9%2009: 11.1%2010: 11.4%2011: 13.0%2012: 13.7%2013: 11.3%2014: 11.7%2015: 9.2%2016: 5.3%2017: 5.4%2018: 8.6%2019: 3.6%2020: 1.8%2021: 14.4%2022: 27.8%2023: 17.1%2024: 15.0%2025: 14.1%2026: 14.3% (IMF projection)2027: 13.6% (IMF projection)2028: 12.9% (IMF projection)2029: 12.3% (IMF projection)2030: 11.7% (IMF projection)2031: 11.2% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
19952.629.010.955.1
20051.338.38.349.7
20151.430.96.957.2
20251.634.56.155.0

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method97,310USD2025+4.3%
GNI, Atlas method546USD bn2025+12.8%
Exports of goods and services45.4% of GDP2025+7.6 pp
Imports of goods and services33.7% of GDP2025+2.6 pp
Life expectancy at birth83.2years2024+1.3%
Urban population83.6% of total2025+2.3 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)