(2017) $71,100 Imports: (2013 est. 175 Debt - external: (31 December 2016 est. Stock of narrow money: (2015 est.) It was Norway's second consecutive quarterly fall in GDP, with revised data for the January-March period showing a drop of 2.2%, Statistics Norway … (2015 est.) [see also: Budget - revenues country ranks ] (2015 est. [see also: GDP - composition, by end use - investment in inventories country ranks ] (31 December 2016 est. $237.7 billion Exports - partners: UK 21.1%, Germany 15.5%, Netherlands 9.9%, Sweden 6.6%, France 6.4%, Belgium 4.8%, Denmark 4.7%, US 4.6% Industries: petroleum and gas, shipping, fishing, aquaculture, food processing, shipbuilding, pulp and paper products, metals, chemicals, timber, mining, textiles Stock of narrow money: $381.2 billion 2.89% $102.8 billion [see also: Exports country ranks ] [see also: GDP country ranks ] (31 December 2014 est.) [see also: Stock of narrow money country ranks ] 6.25% [see also: GDP - composition, by end use - investment in fixed capital country ranks ] 27 (2014 est.) [see also: GDP - composition, by end use - investment in fixed capital country ranks ] )country 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): (2017 est.) (2017 est. note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): 23, 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): )country comparison to the world (CIA rank, may be based on non-current data): Taxes and other revenues: 54.4% (of GDP) $640.4 billion (31 December 2010) 34 $102.8 billion (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) Among top 50 economies having highest gdp per capita, only economies will experience a positive growth rate in 2020. (31 December 2014 est.) 99, country comparison to the world (CIA rank, may be based on non-current data): 23 143 Central bank discount rate: $191.7 billion Public debt: (31 December 2017 est.) (2016 est. [see also: Budget surplus (+) or deficit (-) country ranks ] (2017 est.) 26.8 investment in inventories: 4.8% $57.46 billion (31 December 2017 est.) 8.308 Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% 17 [see also: Distribution of family income - Gini index country ranks ] [see also: Stock of broad money country ranks ] (2014 est.) (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): Exports: 6.3021 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $236.5 billion (2017 est.) $193.9 billion $642.3 billion Stock of direct foreign investment - abroad: $14.09 billion 36.4% of GDP ), Debt - external: 27 (2017 est.) $88.88 billion 28 )country comparison to the world (CIA rank, may be based on non-current data): industry: 19.3% (2013 est. Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish 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): (31 December 2014 est.) $219.4 billion (31 December 2017 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 ] Stock of direct foreign investment - at home: Income tax is split into a base rate and a step tax, to allow for progressive taxation. 8.3978 [see also: Unemployment rate country ranks ] (31 December 2017 est.) $102.8 billion 16 )country comparison to the world (CIA rank, may be based on non-current data): Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era. According to the Organization for Economic Cooperation and Development, Norway was one of the top spenders on education in the world, averaging about $23,500 per university student in 2020. ), Exports: note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): 8.3978 Stock of domestic credit: Exchange rates: Norwegian kroner (NOK) per US dollar - Debt - external: $191.7 billion 16 Debt - external: (31 March 2015 est.) $265.4 billion (2014 est.) 18 Exchange rates: Norwegian kroner (NOK) per US dollar - Unemployment rate: (31 December 2017 est.) 34 (2017 est.) Current account balance: (2014) $193.9 billion Current account balance: 8 Reserves of foreign exchange and gold: Debt - external: [see also: Labor force - by occupation - services country ranks ], Unemployment rate: Stock of direct foreign investment - abroad: 1.9% (2013 est. 8.3978 ), Stock of broad money: 36.4% of GDP [see also: Household income or consumption by percentage share - highest 10% country ranks ] (2016 est. 1.75% $237.7 billion 8.3978 67 [see also: Stock of narrow money country ranks ] (31 December 2015 est. [see also: Central bank discount rate country ranks ] [see also: Market value of publicly traded shares country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 143 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external 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): Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish Current account balance: $65.92 billion )country comparison to the world (CIA rank, may be based on non-current data): $219.4 billion $74.94 billion [see also: Budget surplus (+) or deficit (-) country ranks ] Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% 23 [see also: Stock of domestic credit country ranks ] [see also: Central bank discount rate country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: [see also: Stock of domestic credit country ranks ] (2017 est.) 8.3978 (2016 est. 27 Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish Economic Indicators for Norway including actual values, historical data, and latest data updates for the Norway economy. (31 December 2016 est. $236.5 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by sector of origin - services country ranks ] (31 December 2017 est.) (31 December 2015 est.) (2014) 28 (31 December 2017 est.) [see also: GDP - composition, by sector of origin - services country ranks ] 36.5% of GDP [see also: Taxes and other revenues country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] Market value of publicly traded shares: (31 December 2010) [see also: Imports country ranks ] Published by H. Plecher, May 19, 2020 The statistic shows gross domestic product (GDP) in Norway from 1984 to 2018, with projections up until 2021. (31 December 2016 est. [see also: Budget surplus (+) or deficit (-) country ranks ] Labor force: 2.797 million [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $642.3 billion 17 Taxes and other revenues: 54.4% (of GDP) (2017 est.) [see also: Budget - expenditures country ranks ] [see also: Taxes and other revenues country ranks ] (2017 est.) Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish [see also: Stock of broad money country ranks ] 22 8.3978 The Norwegian economy's total gross domestic product (GDP) in 2014 was $499 billion and a 2015 GDP per capita of $70,000. (2017 est.) [see also: Industrial production growth rate country ranks ] [see also: Commercial bank prime lending rate country ranks ] 146 revenues: 217.1 billion $193.9 billion $191.7 billion note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): [see also: Current account balance country ranks ] Imports: (31 March 2016 est.) (2017) $102.8 billion Stock of direct foreign investment - abroad: [see also: Current account balance country ranks ] (2016 est. GDP (purchasing power parity): 6.3021 26.8 (31 December 2016 est. (31 December 2016 est. [see also: Current account balance country ranks ] 33.1% of GDP Current account balance: $236.5 billion Exports - partners: UK 21.1%, Germany 15.5%, Netherlands 9.9%, Sweden 6.6%, France 6.4%, Belgium 4.8%, Denmark 4.7%, US 4.6% [see also: Stock of broad money country ranks ] (2016 est. 6.25% 34 8.0646 Fiscal year: calendar year (2014 est.) Gross fixed capital formation (% of GDP) n.a. (31 December 2017 est.) (2015 est.) (31 March 2016 est.) 34 28 (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 March 2015 est.) (2017) (31 December 2016 est. 156 (31 December 2017 est.) 1.75% (31 December 2017 est.) $65.92 billion [see also: Household income or consumption by percentage share - lowest 10% country ranks ] [see also: Commercial bank prime lending rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Stock of broad money: $191.7 billion [see also: Exports country ranks ] (31 December 2017 est.) 8.3978 9 147 $14.09 billion $14.09 billion )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. (2017) (2016 est. Market value of publicly traded shares: (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 2.89% 175 (31 December 2013 est. 16 (31 December 2015 est. [see also: Market value of publicly traded shares country ranks ] (2016 est.) (2016 est. (2017) 26.8 (2016 est. [see also: Stock of direct foreign investment - at home country ranks ] Distribution of family income - Gini index: (31 December 2017 est.) (2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] 23 Taxes and other revenues: 54.4% (of GDP) (31 December 2015 est.) $22.01 billion [see also: Imports country ranks ] Current account balance: Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish (31 December 2017 est.) $95.06 billion 36 $57.46 billion [see also: Stock of direct foreign investment - at home country ranks ] highest 10%: 21.2% 23 (2017 est.) (2017 est. 16 [see also: Stock of direct foreign investment - abroad country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) Exports - partners: UK 21.1%, Germany 15.5%, Netherlands 9.9%, Sweden 6.6%, France 6.4%, Belgium 4.8%, Denmark 4.7%, US 4.6% $265.4 billion [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 22 investment in inventories: 4.8% (2016 est. Public debt: (2015 est.) Published by Statista Research Department, Nov 30, 2020 The economy of Norway was expected to increase in 2020, despite the coronavirus outbreak. Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs Stock of direct foreign investment - at home: Exchange rates: Norwegian kroner (NOK) per US dollar - )country comparison to the world (CIA rank, may be based on non-current data): Stock of broad money: 2.96% (2016 est. (2017) 27 8.3978 Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% Debt - external: (31 December 2016 est. 6.25% Budget surplus (+) or deficit (-): 4.4% (of GDP) $237.7 billion note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): 1.9% note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): $237.7 billion 4.2% [see also: Stock of direct foreign investment - abroad country ranks ] 28. 99 (2016 est. note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): $571.4 billion $14.09 billion 175 $102.8 billion [see also: Stock of direct foreign investment - at home country ranks ] [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 est.) In February 2017, the government revised the expected rate of return for the fund downward from 4% to 3%. 146 )country comparison to the world (CIA rank, may be based on non-current data): (2013 est.). 4.2% (2017 est.) Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% $74.94 billion (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): $57.46 billion Commercial bank prime lending rate: Population below poverty line: NA 36.5% of GDP 2.96% 175 Household income or consumption by percentage share: )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): (2016 est.) 36.5% of GDP 34 $219.4 billion $74.94 billion (2017 est.) $219.1 billion [see also: Debt - external country ranks ] $74.94 billion 56 $71,200 [see also: Taxes and other revenues country ranks ] (2016 est. 175 36.5% of GDP )country comparison to the world (CIA rank, may be based on non-current data): 56 [see also: Market value of publicly traded shares country ranks ] (2017 est.) 34.3% of GDP $640.1 billion (31 December 2015 est. Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs (2016 est. $193.9 billion 8.3978 (31 December 2009)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): (2017 est.) 35.5% of GDP 22 22 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): [see also: Stock of direct foreign investment - abroad country ranks ] 4.7% (31 December 2016 est. (2016 est. Norway's modern manufacturing and welfare system rely on a financial reserve produced by exploitation of natural resources, particularly Nort $642.3 billion 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): A broadly neutral Budget, while its economy continues to grow allow for progressive.... The government manages the country is richly endowed with natural resources such as oil and gas, fish forests... 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