Norway's industry, including construction, value added (current LCU) was 1.9 trillion in 2025, the latest year in the World Bank's World Development Indicators. That is up 90.72% from 996.86 billion in 2015 (6.67% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.9 trillion | 2025 |
| Five years earlier | 937.18 billion | 2020 |
| Ten years earlier | 996.86 billion | 2015 |
| Highest | 2.84 trillion | 2022 |
| Lowest | 24.59 billion | 1970 |
| Average since 2016 | 1.54 trillion | 2016–2025 |
| First recorded | 24.59 billion |
What the numbers say
In 2025, Norway's industry, including construction, value added (current LCU) fell 1.8% on 2024 (from 1.94 trillion to 1.9 trillion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +9.2% and a typical year strayed about 23.2% 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 76.2% in 2021 and the biggest yearly fall was 29.3% 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 155.43 billion a year. A straight line explains 55% 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
In 2025, Norway had the 61st highest value of the 158 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.
Closest to Norway in the 2025 ranking
- Serbia — 58th of 158: 2.32 trillion
- Dominican Republic — 59th of 158: 2.24 trillion
- Saudi Arabia — 60th of 158: 2.06 trillion
- South Africa — 62nd of 158: 1.84 trillion
- Ukraine — 63rd of 158: 1.6 trillion
- Togo — 64th of 158: 1.45 trillion
What this measures
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.
All 56 values
| Year | Industry, including construction, value added (current LCU) |
|---|---|
| 2025 | 1,901,193,000,000 |
| 2024 | 1,935,989,000,000 |
| 2023 | 2,009,774,000,000 |
| 2022 | 2,840,933,000,000 |
| 2021 | 1,651,298,000,000 |
| 2020 | 937,178,000,000 |
| 2019 | 1,079,842,000,000 |
| 2018 | 1,175,355,000,000 |
| 2017 | 1,019,949,000,000 |
| 2016 | 894,049,000,000 |
Industry, including construction, value added (current LCU) in nearby economies
- Albania — 578.72 billion (2025)
- Andorra — 509.31 million (2025)
- Armenia — 2.61 trillion (2025)
- Austria — 122.99 billion (2025)
- Azerbaijan — 51.01 billion (2025)
- Belarus — 90.53 billion (2025)
- Belgium — 119.46 billion (2025)
- Bosnia and Herzegovina — 12.18 billion (2025)
- Bulgaria — 24.61 billion (2025)
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
Questions people ask
- What is Norway's industry, including construction, value added (current LCU)?
- 1.9 trillion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 7,631% from 24.59 billion in 1970 (8.23% a year on average, compounded). The highest value was 2.84 trillion in 2022 and the lowest 24.59 billion in 1970.
- How does Norway rank?
- 61st highest of 158 economies with data for 2025.
- Is the latest change in industry, including construction, value added (current LCU) unusual for Norway?
- In 2025, Norway's industry, including construction, value added (current LCU) fell 1.8% on 2024 (from 1.94 trillion to 1.9 trillion). Across the 30 yearly changes before that (1995 to 2024), the average change was +9.2% and a typical year strayed about 23.2% 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.
Source
World Bank, World Development Indicators, indicator NV.IND.TOTL.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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.
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.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in