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NO

Norway

Northern Europe Schengen NOK

NO · NOR · #67 · 19 cities

Nomad score 54/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$115,670
GDP (2031)
$617.7B
GDP growth (2031)
1.1% →
Inflation (2031)
2.0% →
Unemployment (2031)
3.9% →
Population (2031)
5.9M
Population growth (2031)
0.8% ↓
Gini index (2023)
26.5
Government debt (2031)
25.5% of GDP
Current account (2031)
11.2% of GDP
FDI inflows (2025)
-$7.8B
Life expectancy (2024)
83.2 yrs
Health spending (2023)
9.4% of GDP
Internet users (2024)
99.0%
Mobile subscriptions (2024)
109.4/100
Trade openness (2025)
79.1% of GDP
Exchange rate (2025)
10.40/USD
Foreign reserves (2025)
$85.5B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
25.5% of GDP
Current account (2031)
11.2% of GDP
FDI inflows (2025)
-$7.8B

Income inequality (Gini)

Gini index (2023)
0.27
Assessment
Low inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2024)
8.32/1k
Tax revenue (2024)
24.5% of GDP
Services sector (2025)
55.1% of GDP

Financial access and costs

ATMs per 100k (2024)
24.2
Bank branches per 100k (2017)
5.5
ICT service exports (2025)
8.9%
Goods and services tax (2024)
10.7%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $617.7B $115,670 1.1% 2.0% 3.9% 5.9M - 25.5% 11.2% - - - - -
2030 * $611.8B $115,427 1.1% 2.0% 3.9% 5.8M - 29.0% 11.7% - - - - -
2029 * $607.5B $115,515 1.1% 2.0% 4.0% 5.8M - 32.5% 12.3% - - - - -
2028 * $605.4B $115,996 1.1% 2.2% 4.0% 5.7M - 35.9% 12.9% - - - - -
2027 * $604.1B $116,624 1.3% 2.6% 4.2% 5.7M - 39.4% 13.6% - - - - -
2026 * $599.4B $116,609 1.5% 3.3% 4.2% 5.7M - 42.9% 14.3% - - - - -
2025 $530.8B $104,044 1.1% 3.0% 4.5% 5.6M - 45.0% 14.1% -$7.8B - - - 10.40
2024 $500.9B $105,657 1.4% 3.2% 4.0% 5.6M - 52.8% 15.0% $12.1B 83.2 - 99.0% 10.75
2023 $502.2B $107,768 0.4% 5.5% 3.6% 5.5M 26.5 42.4% 17.1% $13.8B 83.0 9.4% 99.0% 10.56
2022 $617.3B $129,914 4.1% 5.8% 3.3% 5.5M 26.9 34.8% 27.8% $14.3B 82.5 7.9% 99.0% 9.61
2021 $521.6B $92,206 4.1% 3.5% 4.4% 5.4M 29.1 40.1% 14.4% $18.4B 83.2 9.8% 99.0% 8.59
2020 $382.3B $69,779 -1.4% 1.3% 4.6% 5.4M 28.4 44.3% 1.8% -$3.3B 83.2 11.4% 94.6% 9.42
2019 $424.2B $73,630 1.5% 2.2% 3.7% 5.4M 27.7 39.0% 3.6% $16.3B 83.0 10.4% 98.0% 8.80
2018 $454.6B $72,618 1.1% 2.7% 3.9% 5.3M 27.6 38.1% 8.6% -$5.7B 82.8 10.0% 96.5% 8.13
2017 $415.7B $66,829 2.7% 1.9% 4.2% 5.3M 27.0 36.9% 5.4% $5.9B 82.6 10.2% 96.4% 8.27
2016 $383.3B $61,250 1.3% 3.5% 4.7% 5.3M 28.5 36.7% 5.3% -$18.7B 82.4 10.5% 97.3% 8.40
2015 $400.7B $62,695 2.0% 2.2% 4.5% 5.2M 27.5 33.2% 9.2% $7.3B 82.3 10.1% 96.8% 8.06
2014 $515.8B $68,196 2.1% 2.1% 3.6% 5.2M 26.8 28.8% 11.7% $3.2B 82.1 9.3% 96.3% 6.30
2013 $540.1B $69,186 1.3% 2.1% 3.8% 5.1M 26.4 30.6% 11.3% -$1.4B 81.8 8.9% 95.1% 5.88
2012 $525.1B $67,353 2.8% 0.7% 3.3% 5.0M 25.7 30.2% 13.7% $27.9B 81.5 8.7% 94.7% 5.82
2011 $512.9B $63,894 1.4% 1.3% 3.4% 5.0M 25.3 28.9% 13.0% $10.3B 81.3 8.7% 93.5% 5.60
2010 $440.1B $59,439 1.0% 2.4% 3.8% 4.9M 25.7 42.1% 11.4% $21.6B 81.0 8.9% 93.4% 6.04
2009 $395.7B $56,750 -1.6% 2.2% 3.3% 4.8M 26.2 41.7% 11.1% $8.6B 80.8 9.0% 92.1% 6.29
2008 $472.1B $63,026 0.8% 3.7% 2.7% 4.8M 27.0 46.8% 15.9% $20.6B 80.6 7.9% 90.6% 5.64
2007 $407.8B $56,901 3.4% 0.8% 2.5% 4.7M 27.1 48.9% 12.3% $24.8B 80.4 8.0% 86.9% 5.86
2006 $349.8B $54,805 2.8% 2.3% 3.4% 4.7M 26.4 52.2% 16.3% $11.9B 80.3 7.9% 82.6% 6.41
2005 $311.4B $48,190 3.0% 1.5% 4.6% 4.6M 30.6 42.1% 16.2% $10.1B 80.0 8.3% 82.0% 6.44
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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