[see also: Stock of direct foreign investment - abroad country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Imports: (2017 est.) [see also: Budget surplus (+) or deficit (-) country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $642.3 billion (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of narrow money country ranks ] Commercial bank prime lending rate: (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2017 est.) Stock of direct foreign investment - at home: [see also: Distribution of family income - Gini index country ranks ] country comparison to the world (CIA rank, may be based on non-current data): (2017) (31 December 2017 est.) [see also: GDP - composition, by end use - imports of goods and services country ranks ], GDP - composition, by sector of origin: (2014) note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): 34 Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs (2017 est. (31 December 2016 est. (2015 est.) Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish )country comparison to the world (CIA rank, may be based on non-current data): Central bank discount rate: (2016 est.) (2016 est.) Imports: Debt - external: (2013 est. $640.1 billion (31 December 2017 est.) (31 March 2016 est.) In … (2016 est. [see also: Central bank discount rate country ranks ] (2016 est.) (31 December 2016 est. $640.4 billion [see also: Stock of broad money country ranks ] $57.46 billion (2017 est.) [see also: Imports country ranks ] 36 $88.88 billion )country comparison to the world (CIA rank, may be based on non-current data): 8.3978 $571.4 billion (31 December 2017 est.) $102.8 billion $640.4 billion Budget surplus (+) or deficit (-): 4.4% (of GDP) (31 December 2016 est. Stock of broad money: (2014 est.) [see also: Budget surplus (+) or deficit (-) country ranks ] [see also: Inflation rate (consumer prices) country ranks ] $214 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2015 est. The volume of Gross Domestic Product in Norway decreased to 403 USD Billion in 2019. 23 household consumption: 44.8% 6.3021 (2017 est.) (31 March 2015 est.) (2013 est. (2014 est.) 2.89% (2017 est.) 8.3978 )country comparison to the world (CIA rank, may be based on non-current data): $196.3 billion [see also: Inflation rate (consumer prices) country ranks ] 8.3978 (2017 est.) $88.88 billion (31 December 2016 est. 6.3021 36.5% of GDP $88.88 billion The services industry contributes 52.7% of the GDP, followed by industry (45.1%) and agriculture (2.2%). Taxes and other revenues: 54.4% (of GDP) 27 (31 December 2017 est.) highest 10%: 21.2% 22 (31 December 2017 est.) (31 December 2013 est. 17 56 )country comparison to the world (CIA rank, may be based on non-current data): Exchange rates: Norwegian kroner (NOK) per US dollar - Budget: $57.46 billion (31 March 2016 est.) (31 March 2015 est.) investment in inventories: 4.8% )country comparison to the world (CIA rank, may be based on non-current data): $88.88 billion Fiscal year: calendar year (31 March 2015 est.) $237.7 billion (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 36 $237.7 billion (31 December 2013 est. [see also: GDP - real growth rate country ranks ] Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs services: 64% [see also: Household income or consumption by percentage share - lowest 10% country ranks ] (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Stock of broad money: )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data exclude treasury debt held by foreign entities; the data exclude debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctionscountry comparison to the world (CIA rank, may be based on non-current data): (2014 est.) 34 (2014 est.) (2017 est.) $237.7 billion 8.0646 [see also: Stock of domestic credit country ranks ] 23 23 lowest 10%: 3.8% $74.94 billion [see also: Debt - external country ranks ] 147 (31 December 2016 est. 56 (2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2017 est.) 36.4% of GDP Reserves of foreign exchange and gold: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Commercial bank prime lending rate country ranks ] 34 )country comparison to the world (CIA rank, may be based on non-current data): 99 (31 December 2017 est.) (2017 est.) (2017 est.) [see also: Labor force - by occupation - agriculture country ranks ] $193.9 billion $237.7 billion (2016 est. household consumption: 44.8% note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): (2016 est.) 17 Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish (31 December 2010) 67 $219.4 billion revenues: 217.1 billion (2017 est.) 8.308 36 8 16 [see also: Stock of domestic credit country ranks ] 27 8.3978 $642.3 billion agriculture: 2.1% 22 (31 December 2016 est. (31 March 2015 est.) (31 December 2016 est. (31 December 2017 est.) $95.06 billion 22 [see also: Budget - expenditures country ranks ] government consumption: 24% (2016 est. (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): (2017) [see also: Stock of direct foreign investment - at home country ranks ] [see also: Market value of publicly traded shares country ranks ] 8.3978 (31 December 2017 est.) (2017) (2017 est.) 28 Stock of direct foreign investment - abroad: Norway's GDP also appears to have fallen less than Sweden's, though its measurements are out of sync with other nations. [see also: Public debt country ranks ] $265.4 billion (2017 est.) [see also: GDP - composition, by end use - exports of goods and services country ranks ] (2016 est. (2014 est.) (2017) $196.3 billion (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): $22.01 billion )country comparison to the world (CIA rank, may be based on non-current data): 28 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Exports country ranks ] (31 December 2016 est. [see also: Debt - external country ranks ] (2017 est.) 27 note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: Budget surplus (+) or deficit (-) country ranks ] $642.3 billion (31 December 2017 est.) Stock of broad money: (2016 est.) 16 36 )country comparison to the world (CIA rank, may be based on non-current data): $196.3 billion )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) 27 27 [see also: GDP - composition, by end use - investment in inventories country ranks ] 8.308 $57.46 billion (2017 est.) 3.6% Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs (2016 est. [see also: Budget - revenues country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $191.7 billion 108, country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) Debt - external: [see also: Stock of narrow money country ranks ] (2016 est. $65.92 billion Stock of broad money: 28 (31 March 2015 est.) (2014 est.) Fiscal year: calendar year 36.4% of GDP Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs (31 December 2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): revenues: 217.1 billion Imports: $74.94 billion Reserves of foreign exchange and gold: Fiscal year: calendar year Inflation rate (consumer prices): (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2013 est. )country comparison to the world (CIA rank, may be based on non-current data): cutting back so-called oil spending in its 2020 budget after years of record outlays. Central bank discount rate: Taxes and other revenues: 54.4% (of GDP) (31 December 2015 est. (31 December 2010) $191.7 billion [see also: Stock of domestic credit country ranks ] 18 1.9% (31 December 2017 est.) 1.9% (31 December 2016 est. 6.25% )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) 6.25% $95.06 billion note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): Current account balance: 1.75% 175 175 $219.1 billion $642.3 billion 8.0646 Public debt: $640.4 billion (2016 est.) (31 March 2015 est.) 99 Market value of publicly traded shares: 1.1% )country comparison to the world (CIA rank, may be based on non-current data): Norway gdp for 2018 was $342.22B, a 0.46% decline from 2018. ), Stock of direct foreign investment - at home: Household income or consumption by percentage share: Inflation rate (consumer prices): $14.09 billion $193.9 billion 36 (31 December 2016 est. (2017 est.) 34 8.308 23 Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish Exchange rates: Norwegian kroner (NOK) per US dollar - highest 10%: 21.2% (2013 est. Taxes and other revenues: 54.4% (of GDP) (2016 est.) $196.3 billion 28 22 )country comparison to the world (CIA rank, may be based on non-current data): Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs 17 17 67 2.96% (31 December 2013 est. Budget surplus (+) or deficit (-): 4.4% (of GDP) investment in fixed capital: 24.1% Stock of direct foreign investment - abroad: (31 December 2014 est.) Stock of narrow money: $65.92 billion Stock of direct foreign investment - at home: [see also: Commercial bank prime lending rate country ranks ] $14.09 billion 16 (31 March 2016 est.) [see also: Stock of direct foreign investment - abroad country ranks ] $640.4 billion 16 12/31/2020 Although oil production is historically low, it rose in 2016 for the third consecutive year due to the higher production of existing oil fields and to new fields coming on stream. (31 December 2015 est. (2017) 6.3021 government consumption: 24% ), Exports: Imports: 27 [see also: Labor force - by occupation - services country ranks ] (2017 est.) (31 December 2016 est. (2017 est.) (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): exports of goods and services: 35.5% )country comparison to the world (CIA rank, may be based on non-current data): $237.7 billion (2017 est.) Data published Yearly by World Bank. GDP grew mildly in August, slowing from July’s level as household spending lost steam—evidenced by a slowdown in retail sales during the month—and coming amid decelerating industrial production growth. $102.8 billion 36.4% of GDP Imports: (2014 est.) Economy Latest Trend Ranking; Composite leading indicator (CLI) Indicator 99.53 Amplitude adjusted Long-term average = 100 Nov-2020 Norway Long-term average = 100 Household disposable income Indicator: 1.7 Net Annual growth rate (%) Market value of publicly traded shares: $57.46 billion (31 December 2017 est.) Exchange rates: Norwegian kroner (NOK) per US dollar - )country comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] 27 $196.3 billion No claims are made regarding the accuracy of Norway Economy 2020 information contained here. [see also: Labor force - by occupation - agriculture country ranks ] [see also: Household income or consumption by percentage share - highest 10% country ranks ] Public debt: [see also: Public debt country ranks ] [see also: Household income or consumption by percentage share - highest 10% country ranks ] Stock of narrow money: $14.09 billion (2015 est.) (2017) $640.1 billion [see also: Stock of direct foreign investment - abroad country ranks ] [see also: Imports country ranks ] (31 December 2017 est.) Stock of direct foreign investment - at home: $14.09 billion household consumption: 44.8% Household income or consumption by percentage share: (31 December 2014 est.) [see also: GDP country ranks ] (2015 est.) (2017 est.) (2017 est.) 8.3978 4.7% )country comparison to the world (CIA rank, may be based on non-current data): 8.0646 (2017) (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Commercial bank prime lending rate country ranks ] Population below poverty line: NA (2016 est.) (2017 est.) $640.4 billion (31 December 2015 est.) Market value of publicly traded shares: 36 36 (31 March 2015 est.) $74.94 billion Commercial bank prime lending rate: Norway gdp for 2018 … (31 December 2016 est. (2016 est.) [see also: Exports country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $88.88 billion Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% Unemployment rate: Commercial bank prime lending rate: (31 December 2016 est. expenditures: 199.5 billion 11 GDP - composition, by sector of origin: (2016 est.) (31 December 2017 est.) GDP - composition, by end use: (2017 est.) (2017 est.) $374 billion ), Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs, Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% (2017 est.) $191.7 billion $642.3 billion (2017 est.) (2013 est. [see also: Imports country ranks ] $22.01 billion $74.94 billion Stock of narrow money: Economy | November 24th 2020 Norway records growth of 4.6% in Q3. agriculture: 2.1% Budget surplus (+) or deficit (-): 4.4% (of GDP) ), Gross national saving: (31 December 2017 est.) 27 [see also: GDP - real growth rate country ranks ] Few countries break the $20,000 mark in expenditures per college student. [see also: Budget - revenues country ranks ] 1.9% 147 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): ), Labor force: 2.797 million $191.7 billion Labor force - by occupation: note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): Russia is the ninth least indebted country in the world. Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% [see also: Market value of publicly traded shares country ranks ] (2016 est. (2017 est.) NOTE: 1) The information regarding Norway on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. $236.5 billion 36.4% of GDP [see also: Labor force - by occupation - agriculture country ranks ] 28 )country comparison to the world (CIA rank, may be based on non-current data): 146 [see also: Exports country ranks ] [see also: GDP - composition, by end use - imports of goods and services country ranks ] (2017 est.) (31 December 2017 est.) (31 December 2017 est.) [see also: Stock of broad money country ranks ] Stock of broad money: 36.4% of GDP 8.3978 175 175 [see also: Stock of narrow money country ranks ] 99 17 services: 78.6% $214 billion $95.06 billion $191.7 billion (2017 est.) (31 December 2016 est. (31 March 2015 est.) $236.5 billion Budget surplus (+) or deficit (-): 4.4% (of GDP) lowest 10%: 3.8% (2017 est.) 8.3978 )country comparison to the world (CIA rank, may be based on non-current data): $196.3 billion industry: 19.3% Norway debt to gdp ratio for 1991 was 18.59%, a 1.25% decline from 1990. (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): 6.3021 (2016 est. Debt - external: 16 $102.8 billion [see also: Market value of publicly traded shares country ranks ] [see also: GDP - composition, by end use - investment in fixed capital country ranks ] [see also: Budget - revenues country ranks ] (2017) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $65.92 billion (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. Current account balance: [see also: Stock of direct foreign investment - abroad country ranks ] Stock of narrow money: (2017 est.) [see also: Labor force - by occupation - industry country ranks ] 8.308 $196.3 billion 27 [see also: GDP - composition, by end use - government consumption country ranks ] [see also: GDP - composition, by sector of origin - services country ranks ], Agriculture - products: barley, wheat, potatoes; pork, beef, veal, milk; fish, Industries: petroleum and gas, shipping, fishing, aquaculture, food processing, shipbuilding, pulp and paper products, metals, chemicals, timber, mining, textiles, Industrial production growth rate: 1.5% [see also: Stock of broad money country ranks ] Taxes and other revenues: 54.4% (of GDP) [see also: Taxes and other revenues country ranks ] $265.4 billion 8.3978 (31 December 2016 est. (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. $193.9 billion )country comparison to the world (CIA rank, may be based on non-current data): 23 $237.7 billion 2) The rank that you see is the CIA reported rank, which may have the following issues: 36 $237.7 billion Labor force: 2.797 million (2017 est. 34 [see also: Budget - expenditures country ranks ] note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Budget - expenditures country ranks ] Exchange rates: Norwegian kroner (NOK) per US dollar - Public debt: Stock of direct foreign investment - abroad: $236.5 billion $640.4 billion Exports: (31 December 2017 est.) [see also: Budget - revenues country ranks ] 23 36.5% of GDP [see also: Exports country ranks ] 8.3978 (2016 est. [see also: Stock of direct foreign investment - abroad country ranks ] (2014) [see also: Commercial bank prime lending rate country ranks ] 25.8 $237.7 billion 143 agriculture: 2.1% 8.0646 Norway debt to gdp ratio for 1992 was 22.34%, a 3.75% increase from 1991. Household income or consumption by percentage share: 6.3021 [see also: Stock of domestic credit country ranks ] (2017) [see also: Stock of broad money country ranks ] $71,100 2.89% 23 (31 December 2017 est.) (2013 est. $191.7 billion (31 December 2016 est. 2% )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - investment in inventories country ranks ] $237.7 billion Stock of direct foreign investment - abroad: [see also: Public debt country ranks ] (2016 est. [see also: Stock of broad money country ranks ] 33.1% of GDP 36 )country comparison to the world (CIA rank, may be based on non-current data): 2.96% (31 December 2017 est.) (2017 est.) (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] Exchange rates: Norwegian kroner (NOK) per US dollar - $88.88 billion 4.7% 8.3978 (31 December 2015 est.) Debt - external: $640.4 billion )country comparison to the world (CIA rank, may be based on non-current data): Current account balance: 3.6% 6.3021 (2016 est. [see also: GDP - composition, by sector of origin - services country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs (2014 est.) (31 December 2016 est. Labor force: 2.797 million 147, country comparison to the world (CIA rank, may be based on non-current data): revenues: 217.1 billion (2017 est.) 3.6% GDP - per capita: The Norwegian economy has been adjusting to lower energy prices, as demonstrated by growth in labor force participation and employment in 2017. $14.09 billion Stock of direct foreign investment - at home: (2017 est. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Market value of publicly traded shares country ranks ] [see also: Unemployment rate country ranks ] (31 December 2016 est. Exchange rates: Norwegian kroner (NOK) per US dollar - 175 $95.06 billion Most of the economy is based on natural resource exploitation, including fishing, petroleum, and hydroelectric power. (31 December 2016 est. Imports: Central bank discount rate: [see also: Population below poverty line country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Budget: (31 December 2016 est. Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs Inflation rate (consumer prices): 9 )country comparison to the world (CIA rank, may be based on non-current data): Economy likely recovered in Q3, following the sharp contraction recorded in Q2 allow for progressive taxation lower energy,! 1960-2019 data | 2020-2021 Forecast | historical | Chart | news shares: $ 640.4 billion ( December... 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