GDP of Norway
Source | World Bank : Nominal (current), Nominal (constant), PPP (current), PPP (constant) |
IMF World Economic Outlook (April 2024) | |
Date | 05 May 2024 |
According to the IMF World Economic Outlook (April 2024), Norway's nominal GDP in 2024 is projected to be around $527 billion at current prices. Based on PPP, Norway's GDP in 2024 is forecast at 461 billion international dollars.
Norway has the 14th largest economy by GDP (nominal) and 19th by GDP (PPP) in Europe, the 31st largest by nominal GDP in the world, and 53rd by GDP (PPP).
- Nominal
- PPP
Year | GDP (billions of $/Int. $) | |
---|---|---|
Nominal | PPP | |
2023 | 485.51 | 443.48 |
2024 | 526.95 | 461.11 |
2025 | 554.78 | 478.24 |
2026 | 564.34 | 495.54 |
2027 | 581.22 | 512.88 |
2028 | 597.96 | 529.87 |
2029 | 617.10 | 547.68 |
Year | GDP Nominal (billions of $) | GDP PPP (billions Int. $) | Share (%) to World | Rank/Total | ||||
---|---|---|---|---|---|---|---|---|
Current | Constant (2015) | Current | Constant (2017) | Nominal | PPP | Nominal | PPP | |
1960 | 5.16 | 68.52 | - | - | 0.373 | - | 24/99 | - |
1961 | 5.63 | 72.82 | - | - | 0.388 | - | 24/101 | - |
1962 | 6.07 | 74.87 | - | - | 0.391 | - | 24/103 | - |
1963 | 6.51 | 77.71 | - | - | 0.389 | - | 24/103 | - |
1964 | 7.16 | 81.60 | - | - | 0.391 | - | 24/103 | - |
1965 | 8.06 | 85.91 | - | - | 0.404 | - | 23/112 | - |
1966 | 8.70 | 89.16 | - | - | 0.402 | - | 24/114 | - |
1967 | 9.51 | 94.74 | - | - | 0.413 | - | 22/117 | - |
1968 | 10.16 | 96.88 | - | - | 0.409 | - | 22/119 | - |
1969 | 11.06 | 101.25 | - | - | 0.404 | - | 23/119 | - |
1970 | 12.81 | 103.62 | - | - | 0.427 | - | 23/125 | - |
1971 | 14.58 | 109.50 | - | - | 0.440 | - | 23/127 | - |
1972 | 17.36 | 115.34 | - | - | 0.455 | - | 22/127 | - |
1973 | 22.53 | 120.57 | - | - | 0.484 | - | 23/127 | - |
1974 | 27.15 | 125.30 | - | - | 0.506 | - | 24/128 | - |
1975 | 32.88 | 131.50 | - | - | 0.550 | - | 24/130 | - |
1976 | 35.94 | 139.16 | - | - | 0.553 | - | 26/131 | - |
1977 | 41.51 | 144.95 | - | - | 0.565 | - | 25/134 | - |
1978 | 46.52 | 150.56 | - | - | 0.535 | - | 26/133 | - |
1979 | 53.13 | 157.14 | - | - | 0.528 | - | 26/134 | - |
1980 | 64.44 | 164.31 | - | - | 0.568 | - | 27/146 | - |
1981 | 63.60 | 166.94 | - | - | 0.542 | - | 28/149 | - |
1982 | 62.65 | 167.33 | - | - | 0.540 | - | 28/150 | - |
1983 | 61.63 | 173.98 | - | - | 0.521 | - | 28/151 | - |
1984 | 62.06 | 184.51 | - | - | 0.504 | - | 26/152 | - |
1985 | 65.42 | 194.76 | - | - | 0.507 | - | 26/154 | - |
1986 | 78.69 | 202.63 | - | - | 0.516 | - | 25/156 | - |
1987 | 94.23 | 206.18 | - | - | 0.542 | - | 24/160 | - |
1988 | 101.90 | 205.66 | - | - | 0.525 | - | 26/163 | - |
1989 | 102.63 | 207.79 | - | - | 0.506 | - | 26/163 | - |
1990 | 119.79 | 211.81 | 78.30 | 179.42 | 0.524 | 0.266 | 28/178 | 49/162 |
1991 | 121.87 | 218.34 | 83.45 | 184.96 | 0.511 | 0.269 | 27/178 | 50/164 |
1992 | 130.84 | 226.15 | 88.40 | 191.57 | 0.513 | 0.273 | 26/179 | 48/167 |
1993 | 120.58 | 232.58 | 93.07 | 197.02 | 0.465 | 0.275 | 28/181 | 49/168 |
1994 | 127.13 | 244.34 | 99.87 | 206.98 | 0.456 | 0.280 | 29/183 | 49/170 |
1995 | 152.03 | 254.49 | 106.20 | 215.58 | 0.490 | 0.282 | 27/192 | 50/180 |
1996 | 163.52 | 267.29 | 117.53 | 226.42 | 0.515 | 0.294 | 26/192 | 49/180 |
1997 | 161.36 | 281.41 | 126.03 | 238.39 | 0.510 | 0.298 | 28/192 | 50/181 |
1998 | 154.23 | 288.92 | 124.96 | 244.75 | 0.489 | 0.286 | 26/194 | 50/181 |
1999 | 162.38 | 294.91 | 136.42 | 249.82 | 0.496 | 0.298 | 26/195 | 49/182 |
2000 | 171.46 | 304.70 | 166.12 | 258.11 | 0.507 | 0.338 | 26/199 | 47/188 |
2001 | 174.24 | 311.00 | 170.75 | 263.45 | 0.518 | 0.331 | 25/201 | 47/189 |
2002 | 195.92 | 315.28 | 172.71 | 267.08 | 0.561 | 0.319 | 23/206 | 47/190 |
2003 | 229.39 | 318.26 | 176.59 | 269.60 | 0.586 | 0.309 | 23/206 | 46/190 |
2004 | 265.27 | 331.04 | 195.95 | 280.42 | 0.601 | 0.317 | 22/206 | 47/191 |
2005 | 309.98 | 339.92 | 221.77 | 287.95 | 0.649 | 0.333 | 23/206 | 47/191 |
2006 | 346.91 | 348.29 | 253.38 | 295.04 | 0.670 | 0.348 | 23/207 | 47/192 |
2007 | 402.65 | 358.44 | 264.54 | 303.64 | 0.690 | 0.335 | 24/207 | 50/192 |
2008 | 464.92 | 360.17 | 295.98 | 305.10 | 0.725 | 0.354 | 24/208 | 46/194 |
2009 | 387.97 | 353.18 | 268.58 | 299.18 | 0.638 | 0.319 | 26/208 | 50/195 |
2010 | 431.05 | 355.96 | 284.69 | 301.54 | 0.647 | 0.317 | 25/209 | 50/195 |
2011 | 501.36 | 359.90 | 309.37 | 304.87 | 0.679 | 0.323 | 26/212 | 47/196 |
2012 | 512.78 | 369.68 | 330.09 | 313.16 | 0.679 | 0.328 | 24/210 | 46/194 |
2013 | 526.01 | 373.43 | 342.25 | 316.34 | 0.678 | 0.324 | 23/211 | 46/196 |
2014 | 501.74 | 381.08 | 340.77 | 322.82 | 0.629 | 0.311 | 26/212 | 48/195 |
2015 | 388.16 | 388.16 | 315.15 | 328.81 | 0.516 | 0.282 | 28/210 | 49/195 |
2016 | 370.96 | 392.68 | 310.30 | 332.64 | 0.485 | 0.267 | 29/210 | 51/194 |
2017 | 401.75 | 402.36 | 340.84 | 340.84 | 0.493 | 0.278 | 28/210 | 50/194 |
2018 | 439.79 | 405.69 | 373.18 | 343.66 | 0.508 | 0.287 | 27/210 | 49/194 |
2019 | 408.74 | 410.25 | 373.91 | 347.52 | 0.466 | 0.274 | 29/209 | 50/194 |
2020 | 367.63 | 405.01 | 350.37 | 343.08 | 0.431 | 0.260 | 32/209 | 52/193 |
2021 | 490.29 | 420.79 | 442.76 | 356.46 | 0.506 | 0.299 | 26/203 | 48/193 |
2022 | 579.27 | 434.60 | 627.02 | 368.15 | 0.576 | 0.382 | 24/185 | 40/184 |