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Economy of Norway

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Overview Economy Population Trade Government Finance Society Environment

GDP Composition by Industry

35.6% 8.8% 7.1% 41.1%
  • Agriculture, forestry & fishing: 2.2%
  • Mining, manufacturing & utilities: 35.6%
  • Construction: 5.1%
  • Trade, restaurants & hotels: 8.8%
  • Transport & communication: 7.1%
  • Finance, real estate & other services: 41.1%
Show table
Agriculture, forestry & fishing
2.2%
Mining, manufacturing & utilities
35.6%
Construction
5.1%
Trade, restaurants & hotels
8.8%
Transport & communication
7.1%
Finance, real estate & other services
41.1%

Share of total gross value added by industry.
Source: UN National Accounts, 2024.

GDP

GDP (USD) 599B #31 / 190 2026
GDP (Local currency - NOK) 5.8T - 2026
Real GDP (Local currency - NOK) 5.52T - 2026
PPP GDP (Int$) 654B #49 / 191 2026
GNI (USD) 484B #30 / 210 2024

GDP per Capita

GDP per Capita (USD) 105,877 #7 / 190 2026
GDP per Capita (Local currency - NOK) 1.02M - 2026
Real GDP per Capita (Local currency - NOK) 974,856 - 2026
PPP GDP per Capita (Int$) 115,548 #6 / 191 2026
GNI per Capita (USD) 86,799 #6 / 210 2024

Economic Growth

GDP Growth 1.5% #157 / 191 2026

Prices and Inflation

Inflation Rate 3.3% #97 / 191 2026

Labor Market

Unemployment Rate 4.2% #70 / 103 2026

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