Economic Policy & Debt · Norway
Yearly data from 1960 to 2025, from the World Bank.
Norway's GDP (current LCU) was 5.52 trillion in 2025, the latest year in the World Bank's World Development Indicators. That is up 70.77% from 3.23 trillion in 2015 (5.5% a year on average, compounded).
| Value | Year | |
|---|---|---|
| Latest | 5.52 trillion | 2025 |
| Five years earlier | 3.6 trillion | 2020 |
| Ten years earlier | 3.23 trillion | 2015 |
| Highest | 5.94 trillion | 2022 |
| Lowest | 37.7 billion | 1960 |
| Average since 2016 | 4.43 trillion | 2016–2025 |
| First recorded | 37.7 billion | 1960 |
Over five years it is up 53.3% from 3.6 trillion in 2020 (8.92% a year on average, compounded). Since 1960 it is up 14,535% from 37.7 billion in 1960 (7.97% a year on average, compounded).
In 2025, Norway's GDP (current LCU) rose 2.5% on 2024 (from 5.38 trillion to 5.52 trillion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +6.5% and a typical year strayed about 8.5% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 32.5% in 2022 and the biggest yearly fall was 10.6% in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 301.92 billion a year. A straight line explains 81% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Extending that straight line gives about 6.42 trillion for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was 281.34 billion, against 533.38 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
In 2025, Norway had the 70th highest value of the 186 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
| Year | GDP (current LCU) |
|---|---|
| 2025 | 5,517,648,000,000 |
| 2024 | 5,382,441,000,000 |
| 2023 | 5,304,881,000,000 |
| 2022 | 5,935,035,000,000 |
| 2021 | 4,480,477,000,000 |
| 2020 | 3,599,226,000,000 |
| 2019 | 3,733,355,000,000 |
| 2018 | 3,696,944,000,000 |
| 2017 | 3,438,310,000,000 |
| 2016 | 3,219,586,000,000 |
| 2015 | 3,231,063,000,000 |
| 2014 | 3,250,586,000,000 |
| 2013 | 3,173,277,000,000 |
| 2012 | 3,054,670,000,000 |
| 2011 | 2,874,427,000,000 |
| 2010 | 2,660,232,000,000 |
| 2009 | 2,488,057,000,000 |
| 2008 | 2,662,420,000,000 |
| 2007 | 2,390,482,000,000 |
| 2006 | 2,243,201,000,000 |
| 2005 | 2,006,306,000,000 |
| 2004 | 1,790,781,000,000 |
| 2003 | 1,622,730,000,000 |
| 2002 | 1,559,715,000,000 |
| 2001 | 1,560,878,000,000 |
| 2000 | 1,501,766,000,000 |
| 1999 | 1,258,047,000,000 |
| 1998 | 1,154,068,000,000 |
| 1997 | 1,131,840,000,000 |
| 1996 | 1,047,625,000,000 |
| 1995 | 957,145,000,000 |
| 1994 | 891,547,000,000 |
| 1993 | 850,169,000,000 |
| 1992 | 807,878,000,000 |
| 1991 | 785,399,000,000 |
| 1990 | 747,060,000,000 |
| 1989 | 705,825,000,000 |
| 1988 | 661,460,000,000 |
| 1987 | 632,741,000,000 |
| 1986 | 580,027,000,000 |
| 1985 | 560,636,000,000 |
| 1984 | 504,920,000,000 |
| 1983 | 448,128,000,000 |
| 1982 | 403,074,000,000 |
| 1981 | 363,843,000,000 |
| 1980 | 316,982,000,000 |
| 1979 | 268,072,000,000 |
| 1978 | 243,012,000,000 |
| 1977 | 220,194,000,000 |
| 1976 | 195,427,000,000 |
| 1975 | 171,142,000,000 |
| 1974 | 149,757,000,000 |
| 1973 | 129,348,000,000 |
| 1972 | 113,870,000,000 |
| 1971 | 102,475,000,000 |
| 1970 | 91,097,000,000 |
| 1969 | 79,167,928,070 |
| 1968 | 72,705,071,232 |
| 1967 | 68,086,283,951 |
| 1966 | 62,232,367,866 |
| 1965 | 57,668,383,734 |
| 1964 | 52,277,235,211 |
| 1963 | 47,538,439,086 |
| 1962 | 44,301,688,339 |
| 1961 | 41,128,809,627 |
| 1960 | 37,702,740,774 |
Every indicator for Norway is on the Norway data page.
World Bank, World Development Indicators, indicator NY.GDP.MKTP.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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