Norway: GNI, PPP (constant 2021 international $)

Key figures

What the numbers say

In 2022, Norway's GNI, PPP (constant 2021 international $) rose 26% on 2021 (from 489.57 billion to 616.78 billion).

Across the 30 yearly changes before that (1992 to 2021), the average change was +3.2% and a typical year strayed about 5.2% from that (the standard deviation). This year's change was 4.3 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 26% in 2022 and the biggest yearly fall was 8.6% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 the straight-line trend is upward, about 11.77 billion a year. A straight line explains 38% 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.

How it compares

See how every economy compares in the full ranking.

What this measures

This indicator provides values for gross national income (GNI) expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 33 values

GNI, PPP (constant 2021 international $) in nearby economies

• Albania — 53.24 billion (2024)
• Armenia — 63.08 billion (2025)
• Austria — 572.56 billion (2024)
• Belarus — 273.61 billion (2025)
• Belgium — 746.79 billion (2024)
• Bosnia and Herzegovina — 66.37 billion (2025)
• Bulgaria — 214.02 billion (2025)
• Croatia — 171.06 billion (2025)
• Cyprus — 47.62 billion (2025)
• Czechia — 505.5 billion (2024)

More economic policy & debt data for Norway

• Total reserves, including gold (current US$) — US$85.49 billion (2025)
• Total reserves, excluding gold (current US$) — US$85.49 billion (2025)
• GDP (current US$) — US$530.76 billion (2025)
• GDP (current LCU) — 5.52 trillion (2025)
• GDP (constant 2015 US$) — US$470.26 billion (2025)
• GDP (constant LCU) — 4.01 trillion (2025)
• GDP per capita (current US$) — US$94,594 (2025)
• GDP per capita (current LCU) — 983,385 (2025)
• GDP per capita (constant 2015 US$) — US$83,813 (2025)
• GDP per capita (constant LCU) — 715,377 (2025)
• GNI (current US$)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Norway's GNI, PPP (constant 2021 international $)?

616.78 billion in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 222.58% from 191.2 billion in 1990 (3.73% a year on average, compounded). The highest value was 616.78 billion in 2022 and the lowest 191.2 billion in 1990.

Is the latest change in GNI, PPP (constant 2021 international $) unusual for Norway?

In 2022, Norway's GNI, PPP (constant 2021 international $) rose 26% on 2021 (from 489.57 billion to 616.78 billion). Across the 30 yearly changes before that (1992 to 2021), the average change was +3.2% and a typical year strayed about 5.2% from that (the standard deviation). This year's change was 4.3 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NY.GNP.MKTP.PP.KD, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Progr… 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.