Country profile · World rank 31st by GDP · World Bank data
Norway Economy 2026
The Norway economy in 2026: nominal & PPP GDP ($530.8 billion, 31st globally), GDP per capita, growth 1.1%, inflation 3.1%, unemployment 4.6%, trade and population — charts, world rankings and a downloadable dataset. Source: World Bank. Free to cite.
TL;DR — Norway is the world's 31st-largest economy at $530.8 billion (2025); at PPP, $583.8 billion (World Bank).
World Bank Open Data · World Bank · World Bank Open Data · IMF World Economic Outlook | 747 words · 18 sections | data: CSV + JSON
Executive summary
Norway is the world's 31st-largest economy, with a nominal GDP of $530.8 billion (2025) according to the World Bank. Measured per person, its GDP per capita of $94,594 ranks 5th globally and sits above the OECD average of $51,734. The economy grew 1.1% in its latest year, with consumer-price inflation of 3.1% and unemployment of 4.6%. Norway has a population of 5.6 million (46th-largest among the economies tracked). Every figure below carries its World Bank series and year; the full dataset is downloadable as CSV and JSON under a CC BY 4.0 licence.
Key findings
Norway is the 31st-largest economy
Norway's GDP (nominal) was $530.8 billion (2025), ranking 31st of 49 economies. At PPP its GDP is $583.8 billion.
Source: World Bank Open Data · 2025 · confidence: High
Living standards (GDP per capita)
Norway's GDP per capita was $94,594 (2025), ranking 5th of 49 economies. At PPP, $104,044; GNI per capita $97,310.
Source: World Bank Open Data · 2025 · confidence: High
Economic growth
Norway's GDP growth was 1.1% (2025), ranking 37th of 49 economies.
Source: World Bank Open Data · 2025 · confidence: High
Inflation
Norway's inflation (CPI) was 3.1% (2025), ranking 21st of 49 economies.
Source: World Bank Open Data · 2025 · confidence: High
Unemployment
Norway's unemployment (ILO) was 4.6% (2025), ranking 24th of 49 economies.
Source: World Bank Open Data · 2025 · confidence: High
Population
Norway's population was 5.6 million (2025), ranking 46th of 49 economies.
Source: World Bank Open Data · 2025 · confidence: High
Trade openness
Norway's exports (% of GDP) was 45.4% (2025), ranking 17th of 48 economies. Exports as a share of GDP.
Source: World Bank Open Data · 2025 · confidence: High
Data vintage — August 2026
Figures are the most recent year available in the World Bank Open Data API for Norway (shown next to each value). World ranks are computed across the major economies Affärslivet tracks. This profile regenerates automatically as new data is published.
Norway — country facts
Norway's capital is Oslo; the World Bank classifies it as a high income economy in the Europe & Central Asia region. Key reference facts:
| Fact | Value |
|---|---|
| Capital | Oslo |
| World Bank region | Europe & Central Asia |
| Income classification | High income |
| Population | 5.6 million |
| GDP (nominal) | $530.8 billion |
Economic size
Norway is the world's 31st-largest economy by nominal GDP at $530.8 billion (2025). At purchasing-power parity (PPP) — which adjusts for local price levels — its GDP is $583.8 billion, a fairer gauge of real output. For reference, the world economy totals $118.35 trillion.
| Indicator | Norway | World rank | Year |
|---|---|---|---|
| GDP (nominal) | $530.8 billion | 31st/49 | 2025 |
| GDP (PPP) | $583.8 billion | 42nd/49 | 2025 |
What the data says about Norway's economy
What the data says about Norway: it is a smaller economy but a wealthy one per head — the world's 31st-largest economy by GDP yet 5th by GDP per capita ($94,594, above the OECD average of $51,734). On a purchasing-power basis it ranks 3rd.
The latest data indicates an economy growing more slowly than the OECD (1.1% vs 1.8%), with inflation of 3.1% and unemployment of 4.6%. Exports worth 45.4% of GDP make it moderately open to trade.
Taken together, the indicators point to a mature, high-income economy competing on productivity and innovation — context for reading Norway's individual metrics against global peers below.
Living standards
GDP per capita — output per person — is $94,594 (5th globally), above the OECD average of $51,734 and the world average of $14,406. At PPP it is $104,044. GNI per capita — income including flows from abroad — is $97,310, a useful cross-check.
| Indicator | Norway | World rank | Year |
|---|---|---|---|
| GDP per capita | $94,594 | 5th/49 | 2025 |
| GDP per capita (PPP) | $104,044 | 3rd/49 | 2025 |
| GNI per capita | $97,310 | 2nd/49 | 2025 |
Economic growth
Real GDP grew 1.1% in the latest year. The chart tracks Norway's growth against Sweden over the past decade.
Inflation
Consumer-price inflation was 3.1% in Norway's latest year, against a world backdrop of disinflation from the 2022–2023 shock.
Labour market
The unemployment rate (ILO-modelled, for cross-country comparison) was 4.6%.
Trade & structure
Exports equal 45.4% of GDP and industry accounts for 34.5% of value added — indicators of how open and how industrialised the economy is.
| Indicator | Norway | World rank | Year |
|---|---|---|---|
| Exports (% of GDP) | 45.4% | 17th/48 | 2025 |
| Industry (% of GDP) | 34.5% | 8th/49 | 2025 |
| Government debt (% of GDP) | n/a | — | — |
Population
Norway has 5.6 million people (46th-largest of the economies tracked), the denominator behind every per-capita figure above.
| Indicator | Norway | World rank | Year |
|---|---|---|---|
| Population | 5.6 million | 46th/49 | 2025 |
All indicators at a glance
Every tracked indicator for Norway, with its world rank and reference year.
| Indicator | Norway | World rank | Year |
|---|---|---|---|
| GDP (nominal) | $530.8 billion | 31st/49 | 2025 |
| GDP (PPP) | $583.8 billion | 42nd/49 | 2025 |
| GDP per capita | $94,594 | 5th/49 | 2025 |
| GDP per capita (PPP) | $104,044 | 3rd/49 | 2025 |
| GNI per capita | $97,310 | 2nd/49 | 2025 |
| GDP growth | 1.1% | 37th/49 | 2025 |
| Inflation (CPI) | 3.1% | 21st/49 | 2025 |
| Unemployment (ILO) | 4.6% | 24th/49 | 2025 |
| Population | 5.6 million | 46th/49 | 2025 |
| Exports (% of GDP) | 45.4% | 17th/48 | 2025 |
| Government debt (% of GDP) | n/a | — | — |
| Industry (% of GDP) | 34.5% | 8th/49 | 2025 |
Norway vs regional peers
How Norway compares with other Europe economies Affärslivet tracks, on the headline measures (Norway marked ★). Regional peers are the fairest benchmark — similar development stage and shared shocks.
| Economy | GDP per capita | Growth | Inflation | Unemployment |
|---|---|---|---|---|
| Norway ★ | $94,594 | 1.1% | 3.1% | 4.6% |
| Ireland | $131,592 | 12.3% | 2.2% | 4.6% |
| Switzerland | $114,769 | 1.3% | 0.2% | 4.9% |
| Denmark | $76,970 | 2.9% | 1.9% | 5.5% |
| Netherlands | $73,684 | 1.8% | 3.3% | 3.9% |
| Germany | $60,496 | 0.2% | 2.2% | 3.7% |
| United Kingdom | $57,602 | 1.4% | 3.9% | 4.7% |
Limitations & notes
Every figure here is an official World Bank series for Norway, carried at the latest year each indicator reports — reporting lags differ, so some numbers are a year or two older than others (each carries its year). World ranks are computed across the economies Affärslivet tracks, not all ~200 countries, so they indicate Norway's standing among major economies rather than a global absolute. The profile describes the economy's measured structure, not its causes or outlook; nothing is estimated by Affärslivet. The full dataset is free to download and reproduce below.
Scoreboard (machine-readable data)
Every headline indicator with its value, period, source and confidence. Free to reuse under CC BY 4.0.
| Indicator | Value | Period | Source | Conf. |
|---|---|---|---|---|
| GDP (nominal) | 530755719438.88 US$ | 2025 | World Bank Open Data | High |
| GDP (PPP) | 583775486657.85 US$ | 2025 | World Bank Open Data | High |
| GDP per capita | 94594.19 US$ | 2025 | World Bank Open Data | High |
| GDP per capita (PPP) | 104043.67 US$ | 2025 | World Bank Open Data | High |
| GNI per capita | 97310 US$ | 2025 | World Bank Open Data | High |
| GDP growth | 1.09 % | 2025 | World Bank Open Data | High |
| Inflation (CPI) | 3.06 % | 2025 | World Bank Open Data | High |
| Unemployment (ILO) | 4.64 % | 2025 | World Bank Open Data | High |
| Population | 5610870 people | 2025 | World Bank Open Data | High |
| Exports (% of GDP) | 45.37 % | 2025 | World Bank Open Data | High |
| Industry (% of GDP) | 34.46 % | 2025 | World Bank Open Data | High |
Methodology & verification
This profile compiles World Bank Open Data indicators for Norway, which harmonises national statistics for cross-country comparison. GDP is shown in both nominal (current US$) and PPP (international $) terms; growth and inflation are annual percentages; unemployment uses the ILO-modelled estimate. World ranks are computed across the ~50 major economies tracked and are indicative, not exhaustive. Each value is the latest year available; missing values are shown n/a, never estimated. Confidence: High (official multilateral source).
Data dictionary
| Field | Type | Description |
|---|---|---|
| metric | string | World Bank indicator code |
| label | string | Indicator name |
| value | number | Value for Norway |
| unit | string | US$, %, or people |
| period | string | Reference year |
| source_url | string | World Bank indicator page |
Frequently asked questions
What is Norway's GDP?
Norway's nominal GDP was $530.8 billion (2025), the world's 31st-largest; at PPP it was $583.8 billion. Source: World Bank.
What is Norway's GDP per capita?
$94,594 nominal (5th globally) and $104,044 at PPP (2025). Source: World Bank.
What is Norway's inflation rate?
Consumer-price inflation was 3.1% in Norway's latest reported year. Source: World Bank.
What is Norway's unemployment rate?
4.6% on the ILO-modelled measure (2025). Source: World Bank.
How fast is Norway's economy growing?
Real GDP grew 1.1% in the latest year. Source: World Bank.
What is Norway's population?
5.6 million (46th-largest of the economies tracked). Source: World Bank.
Where does this data come from?
The World Bank Open Data API. Every figure shows its reference year and links to its indicator page; world ranks are computed across the major economies tracked.
Can I download this data?
Yes — the full profile is available as CSV and JSON under a CC BY 4.0 licence, free to reuse with attribution to Affärslivet.
Glossary
- GDP (nominal)
- Gross domestic product at current market prices and exchange rates. ↗
- GDP (PPP)
- GDP converted at purchasing-power parity, adjusting for price-level differences between countries. ↗
- GDP per capita
- GDP divided by population — a gauge of average prosperity. ↗
- GNI per capita
- Gross national income per person, including net income from abroad. ↗
- Inflation (CPI)
- Annual percentage change in consumer prices. ↗
- Unemployment (ILO)
- Share of the labour force without work but seeking it, on the internationally comparable ILO definition. ↗
- World Bank Open Data
- A free, authoritative database of harmonised economic indicators for every country. ↗
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BibTeX
@techreport{affarslivet_norway_economy,
title = {Norway Economy 2026},
author = {{Affärslivet Research}},
year = {2026},
note = {Version 1.0},
url = {https://xn--affrslivet-s5a.com/en/reports/norway-economy}
} License CC BY 4.0 — free to cite, embed and republish with attribution to Affärslivet. Data also as CSV / JSON.