Norway's GDP, 1979 to 2004. Source: Statistics Norway. The economy of Norway is a highly developed mixed economy with state-ownership in strategic areas. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era.The country has a very high standard of living compared with other European countries.

Economic situation in Norway. Norway's seasonally adjusted GDP fell 1.8% quarter on quarter in Q3 (Q2: +2.0 s.a. qoq)—the worst print since Q2 2020—due to gas facilities maintenance. Conversely, the mainland economy grew by 0.5% (Q2: +0.3% s.a. qoq), beating both market and Norges Bank projections.

Norway’s economy is slowing as inflation and higher interest rates weigh on consumption and investment. The labour market is tight and wage growth robust, while labour shortages and job mismatches are high and rising.

2024年1月20日 · • Norway is a modern, energy-rich country with a population of 5.5 million. It is considered one of the world’s wealthiest countries with a GDP per capita of USD 106,148. Incomes are also more evenly distributed, making every person a consumer. • Norway is located in Northern Europe and is part of the Scandinavian Peninsula.

2024年12月13日 · The Economic trends articles describe the economic situation in Norway and abroad and give estimates of the main economic variables for the current year and the three subsequent years. The forecasts are mainly prepared by researchers in the research department.

Norway Includes historical data for Norway’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership. Economic Strength Based On Oil And Diverse Industries

Norway gdp for 2021 was $503.37B, a 36.92% increase from 2020. Norway gdp for 2020 was $367.63B, a 10.06% decline from 2019. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.

Data ranges from -3.9 to 5.51. Data Source: World Development Indicators | Download Dataset. For Regional and Income Group breakdowns, visit: World Bank Country and Lending Groups. Explore Norway economic data on Prosperity Data360.

World Bank national accounts data, and OECD National Accounts data files.

Worldwide gross domestic product in 2023 was at about 13,164 USD per capita. GDP in Norway, on the other hand, reached USD 87,925 per capita, or 485.31 billion USD for the whole country. Norway is therefore currently ranked 32 of the major economies.