Norway in figures

Norway's government ran a budget surplus in every year from 2000 to 2025 except 2020, and in 2022 the surplus came to 24.7% of GDP. In 2022 the current account surplus also peaked, at 27.9% of GDP, and GDP reached $617.3 billion, a high for the series. By 2025 GDP was $530.8 billion. Renewable sources generated 99.1% of the country's electricity in 2021.

GDP

$530.8 bn

2025

from $170.6 bn in 2000

GDP per person

$94 594

2025

from $37 992 in 2000

Real growth

1.1%

2025

from 3.4% in 2000

Inflation

3.1%

2025

from 3.1% in 2000

Unemployment

4.6%

2025

from 3.5% in 2000

Government debt

45.0%of GDP

2025

from 28.8% in 2000

Sections

Economy

How large Norway's economy is, how fast it grows and what it is made of

In current dollars GDP rose to $540.1 billion in 2013, fell to $382.3 billion in 2020 and reached $617.3 billion in 2022, before settling at $530.8 billion in 2025. Real growth moved far less. It never passed 4.3%, the figure for 2004, and output shrank only twice: by 1.6% in 2009 and 1.4% in 2020. GDP per person at purchasing power was $104,044 in 2025, down from $129,914 in 2022. Industry, construction included, swung from 26.0% of GDP in 2020 to 47.9% in 2022 and back to 34.5% in 2025. Services moved the opposite way, from 61.1% in 2020 to 43.5% in 2022 and 55.0% in 2025. Manufacturing was 6.1% of GDP in 2025, against 9.0% in 2000. Agriculture, forestry and fishing accounted for 1.6% in 2025.

GDP, current US dollars

$530.8 bn2025

World Bank

Data

Year	GDP, current US dollars
2025	$530.8 bn
2024	$500.9 bn
2023	$502.2 bn
2022	$617.3 bn
2021	$521.6 bn
2020	$382.3 bn
2019	$424.2 bn
2018	$454.6 bn
2017	$415.7 bn
2016	$383.3 bn
2015	$400.7 bn
2014	$515.8 bn
2013	$540.1 bn
2012	$525.1 bn
2011	$512.9 bn
2010	$440.1 bn
2009	$395.7 bn
2008	$472.1 bn
2007	$407.8 bn
2006	$349.8 bn
2005	$311.4 bn
2004	$265.7 bn
2003	$229.2 bn
2002	$195.4 bn
2001	$173.6 bn
2000	$170.6 bn

Series World Bank NY.GDP.MKTP.CD

Real GDP growth

1.1%2025

World Bank · IMF World Economic Outlook

Data

Year	Growth
2031 (projection)	1.1%
2030 (projection)	1.1%
2029 (projection)	1.1%
2028 (projection)	1.1%
2027 (projection)	1.3%
2026 (projection)	1.5%
2025	1.1%
2024	1.4%
2023	0.3%
2022	4.1%
2021	4.1%
2020	−1.4%
2019	1.5%
2018	1.1%
2017	2.7%
2016	1.3%
2015	2.0%
2014	2.1%
2013	1.3%
2012	2.8%
2011	1.4%
2010	1.0%
2009	−1.6%
2008	0.8%
2007	3.4%
2006	2.9%
2005	3.0%
2004	4.3%
2003	1.1%
2002	1.5%
2001	2.2%
2000	3.4%

Series World Bank NY.GDP.MKTP.KD.ZG · IMF World Economic Outlook NGDP_RPCH

GDP per person

$94 5942025

At market exchange ratesAt purchasing power parity

World Bank

Data

Year	GDP per person	At purchasing power
2025	$94 594	$104 044
2024	$89 889	$105 657
2023	$90 984	$107 768
2022	$113 122	$129 914
2021	$96 443	$92 206
2020	$71 058	$69 779
2019	$79 329	$73 630
2018	$85 579	$72 618
2017	$78 771	$66 829
2016	$73 222	$61 250
2015	$77 221	$62 695
2014	$100 410	$68 196
2013	$106 333	$69 186
2012	$104 628	$67 353
2011	$103 545	$63 894
2010	$90 020	$59 439
2009	$81 940	$56 750
2008	$99 002	$63 026
2007	$86 600	$56 901
2006	$75 048	$54 805
2005	$67 358	$48 189
2004	$57 855	$42 731
2003	$50 208	$38 647
2002	$43 048	$37 948
2001	$38 458	$37 689
2000	$37 992	$36 814

Series World Bank NY.GDP.PCAP.CD · World Bank NY.GDP.PCAP.PP.CD

Value added, share of GDP

Manufacturing has its own band and is left out of other industry. The remainder is taxes on products less subsidies, which the national accounts add to reach GDP.

200049%9%28%12%

202555%28%9%

Services
Manufacturing
Other industry and construction
Agriculture, forestry, fishing
Taxes less subsidies

World Bank

Prices and work

What prices and jobs did

Until 2021, inflation stayed between 0.5%, in 2004, and 3.8%, in 2008. It rose to 5.8% in 2022 and 5.5% in 2023 and was 3.1% in both 2024 and 2025; the IMF projected 3.3% for 2026. Unemployment touched 2.5% in 2007 and 2008 and was 4.6% in 2025. Youth joblessness reached 13.4% in 2025, a peak for the series.

Inflation, consumer prices

3.1%2025

World Bank · IMF World Economic Outlook

Data

Year	Inflation
2031 (projection)	2.0%
2030 (projection)	2.0%
2029 (projection)	2.0%
2028 (projection)	2.2%
2027 (projection)	2.6%
2026 (projection)	3.3%
2025	3.1%
2024	3.1%
2023	5.5%
2022	5.8%
2021	3.5%
2020	1.3%
2019	2.2%
2018	2.8%
2017	1.9%
2016	3.5%
2015	2.2%
2014	2.0%
2013	2.1%
2012	0.7%
2011	1.3%
2010	2.4%
2009	2.2%
2008	3.8%
2007	0.7%
2006	2.3%
2005	1.5%
2004	0.5%
2003	2.5%
2002	1.3%
2001	3.0%
2000	3.1%

Series World Bank FP.CPI.TOTL.ZG · IMF World Economic Outlook PCPIPCH

Unemployment

4.6%2025

All agesAges 15 to 24

World Bank

Data

Year	Unemployment	Ages 15 to 24
2025	4.6%	13.4%
2024	4.0%	12.1%
2023	3.6%	11.0%
2022	3.2%	9.9%
2021	4.4%	12.8%
2020	4.4%	11.2%
2019	3.7%	9.8%
2018	3.8%	9.6%
2017	4.2%	10.3%
2016	4.7%	11.0%
2015	4.3%	9.8%
2014	3.5%	7.8%
2013	3.4%	9.0%
2012	3.1%	8.4%
2011	3.2%	8.4%
2010	3.5%	9.2%
2009	3.1%	9.1%
2008	2.5%	7.4%
2007	2.5%	7.3%
2006	3.4%	8.6%
2005	4.4%	11.3%
2004	4.3%	12.8%
2003	4.2%	11.8%
2002	4.0%	13.0%
2001	3.7%	12.1%
2000	3.5%	11.1%

Series World Bank SL.UEM.TOTL.ZS · World Bank SL.UEM.1524.ZS

Trade

How open the economy is

Exports exceeded imports in every year except 2020, when they fell to 31.4% of GDP. In 2022 they reached 53.6%. Imports were 33.7% of GDP in 2025, their peak. The current account surplus went from 1.1% of GDP in 2020 to 27.9% in 2022 and was 14.0% in 2025. Net inflows of foreign direct investment were negative in 2016, at −4.9% of GDP, and again in 2025, at −1.5%.

Exports and imports, share of GDP

45.4%2025

ExportsImports

World Bank

Data

Year	Exports of goods and services	Imports
2025	45.4%	33.7%
2024	46.4%	33.2%
2023	46.4%	31.0%
2022	53.6%	26.3%
2021	41.8%	27.3%
2020	31.4%	32.0%
2019	35.7%	33.2%
2018	37.3%	30.9%
2017	35.8%	31.4%
2016	35.1%	32.3%
2015	37.8%	31.1%
2014	39.0%	28.8%
2013	39.1%	27.5%
2012	40.6%	26.7%
2011	41.0%	27.3%
2010	39.6%	27.5%
2009	39.3%	27.1%
2008	45.7%	28.2%
2007	42.5%	28.7%
2006	44.2%	27.0%
2005	43.2%	27.0%
2004	41.0%	27.6%
2003	39.7%	26.8%
2002	40.6%	27.3%
2001	45.1%	28.4%
2000	45.8%	28.9%

Series World Bank NE.EXP.GNFS.ZS · World Bank NE.IMP.GNFS.ZS

Current account balance, share of GDP

14.0%2025

World Bank

Data

Year	Current account balance
2025	14.0%
2024	15.0%
2023	17.2%
2022	27.9%
2021	14.3%
2020	1.1%
2019	2.8%
2018	7.7%
2017	5.2%
2016	3.9%
2015	7.8%
2014	10.7%
2013	9.9%
2012	12.1%
2011	13.0%
2010	11.4%
2009	11.4%
2008	15.4%
2007	12.2%
2006	16.0%
2005	16.1%
2004	12.4%
2003	12.1%
2002	12.4%
2001	15.9%
2000	14.7%

Series World Bank BN.CAB.XOKA.GD.ZS

Foreign direct investment, net inflows, share of GDP

−1.5%2025

World Bank

Data

Year	Foreign direct investment, net inflows
2025	−1.5%
2024	2.4%
2023	2.7%
2022	2.3%
2021	3.5%
2020	−0.9%
2019	3.9%
2018	−1.3%
2017	1.4%
2016	−4.9%
2015	1.8%
2014	0.6%
2013	−0.3%
2012	5.3%
2011	2.0%
2010	4.9%
2009	2.2%
2008	4.4%
2007	6.1%
2006	3.4%
2005	3.2%
2004	1.9%
2003	1.8%
2002	1.5%
2001	1.8%
2000	4.9%

Series World Bank BX.KLT.DINV.WD.GD.ZS

Public finances

What the state owes and borrows

Gross government debt rose from 27.3% of GDP in 2001 to 52.2% in 2006, fell to 28.9% in 2011 and reached 52.8% in 2024, the series peak. The IMF put 2025 at 45.0% and projected a steady fall to 25.5% by 2031. The budget surplus was 15.1% of GDP in 2000 and 9.3% in 2025. In 2020 the government borrowed 2.5% of GDP. Tax revenue was 24.5% of GDP in 2024.

General government gross debt, share of GDP

45.0%2025

IMF World Economic Outlook

Data

Year	General government gross debt
2031 (projection)	25.5%
2030 (projection)	29.0%
2029 (projection)	32.5%
2028 (projection)	35.9%
2027 (projection)	39.4%
2026 (projection)	42.9%
2025	45.0%
2024	52.8%
2023	42.4%
2022	34.8%
2021	40.1%
2020	44.3%
2019	39.0%
2018	38.1%
2017	36.9%
2016	36.7%
2015	33.2%
2014	28.8%
2013	30.6%
2012	30.2%
2011	28.9%
2010	42.1%
2009	41.7%
2008	46.8%
2007	48.9%
2006	52.2%
2005	42.1%
2004	43.8%
2003	43.1%
2002	34.0%
2001	27.3%
2000	28.8%

Series IMF World Economic Outlook GGXWDG_NGDP

Government net lending or borrowing, share of GDP

9.3%2025

Below zero the government borrowed.

IMF World Economic Outlook

Data

Year	General government net lending or borrowing
2031 (projection)	6.3%
2030 (projection)	6.8%
2029 (projection)	7.2%
2028 (projection)	7.6%
2027 (projection)	8.3%
2026 (projection)	10.2%
2025	9.3%
2024	12.8%
2023	15.9%
2022	24.7%
2021	9.9%
2020	−2.5%
2019	6.3%
2018	7.6%
2017	4.8%
2016	3.9%
2015	5.8%
2014	8.3%
2013	10.3%
2012	13.4%
2011	13.0%
2010	10.6%
2009	10.0%
2008	18.3%
2007	16.8%
2006	17.7%
2005	14.7%
2004	10.8%
2003	7.2%
2002	9.1%
2001	13.2%
2000	15.1%

Series IMF World Economic Outlook GGXCNL_NGDP

Tax revenue, share of GDP

24.5%2024

World Bank

Data

Year	Tax revenue
2024	24.5%
2023	26.1%
2022	30.3%
2021	24.6%
2020	20.4%
2019	22.4%
2018	22.6%
2017	21.5%
2016	21.3%
2015	21.4%
2014	22.8%
2013	24.4%
2012	26.2%
2011	26.9%
2010	26.2%
2009	25.4%
2008	27.3%
2007	27.7%
2006	28.6%
2005	28.1%
2004	27.3%
2003	25.9%
2002	27.2%
2001	26.1%
2000	26.8%

Series World Bank GC.TAX.TOTL.GD.ZS

People

Who lives in Norway

The population grew from 4,490,967 in 2000 to 5,610,870 in 2025, fastest in 2012 at 1.3%. Net migration reached 47,883 in 2012 and a higher 58,040 in 2022. Births per woman fell from 1.98 in 2009 to 1.40 in 2023. Over the series the over-65s grew from 15.2% of residents in 2000 to 19.1% in 2025, and children under 15 shrank from 20.0% to 15.9%. Life expectancy at birth was 83.2 years in 2024.

Population

5.61 m2025

The axis does not start at zero, so the change looks larger than it is.

World Bank

Data

Year	Population
2025	5.61 m
2024	5.57 m
2023	5.52 m
2022	5.46 m
2021	5.41 m
2020	5.38 m
2019	5.35 m
2018	5.31 m
2017	5.28 m
2016	5.23 m
2015	5.19 m
2014	5.14 m
2013	5.08 m
2012	5.02 m
2011	4.95 m
2010	4.89 m
2009	4.83 m
2008	4.77 m
2007	4.71 m
2006	4.66 m
2005	4.62 m
2004	4.59 m
2003	4.56 m
2002	4.54 m
2001	4.51 m
2000	4.49 m

Series World Bank SP.POP.TOTL

Age structure, share of the population

World Bank

Data

Year	Aged 0 to 14	15 to 64	65 and over
2025	15.9%	65.0%	19.1%
2024	16.2%	65.0%	18.8%
2023	16.5%	65.0%	18.5%
2022	16.8%	64.9%	18.3%
2021	17.0%	64.9%	18.1%
2020	17.2%	65.1%	17.7%
2019	17.4%	65.2%	17.4%
2018	17.6%	65.3%	17.1%
2017	17.8%	65.4%	16.8%
2016	17.9%	65.6%	16.5%
2015	18.0%	65.7%	16.3%
2014	18.1%	65.8%	16.0%
2013	18.3%	65.9%	15.8%
2012	18.4%	66.0%	15.5%
2011	18.6%	66.1%	15.2%
2010	18.8%	66.2%	15.0%
2009	18.9%	66.3%	14.8%
2008	19.1%	66.3%	14.7%
2007	19.3%	66.1%	14.6%
2006	19.4%	65.9%	14.7%
2005	19.6%	65.7%	14.7%
2004	19.8%	65.5%	14.7%
2003	19.9%	65.3%	14.8%
2002	20.0%	65.1%	14.9%
2001	20.0%	65.0%	15.0%
2000	20.0%	64.8%	15.2%

Series World Bank SP.POP.0014.TO.ZS · World Bank SP.POP.1564.TO.ZS · World Bank SP.POP.65UP.TO.ZS

Births per woman

1.452024

World Bank

Data

Year	Births per woman
2024	1.45
2023	1.40
2022	1.41
2021	1.55
2020	1.48
2019	1.53
2018	1.56
2017	1.62
2016	1.71
2015	1.72
2014	1.75
2013	1.78
2012	1.85
2011	1.88
2010	1.95
2009	1.98
2008	1.96
2007	1.90
2006	1.90
2005	1.84
2004	1.83
2003	1.80
2002	1.75
2001	1.78
2000	1.85

Series World Bank SP.DYN.TFRT.IN

Life expectancy at birth

83.2 years2024

World Bank

Data

Year	Life expectancy at birth
2024	83.2 years
2023	83.0 years
2022	82.5 years
2021	83.2 years
2020	83.2 years
2019	83.0 years
2018	82.8 years
2017	82.6 years
2016	82.4 years
2015	82.3 years
2014	82.1 years
2013	81.8 years
2012	81.5 years
2011	81.3 years
2010	81.0 years
2009	80.8 years
2008	80.6 years
2007	80.4 years
2006	80.3 years
2005	80.0 years
2004	79.8 years
2003	79.4 years
2002	79.0 years
2001	78.8 years
2000	78.6 years

Series World Bank SP.DYN.LE00.IN

Net migration

29 7982025

People arriving less people leaving, each year. The largest net inflow in the series was 58 040 people, in 2022.

World Bank

Data

Year	Net migration
2025	29 798
2024	44 356
2023	53 806
2022	58 040
2021	19 804
2020	11 277
2019	25 707
2018	18 473
2017	21 657
2016	26 417
2015	30 242
2014	38 522
2013	40 690
2012	47 883
2011	47 454
2010	42 865
2009	39 316
2008	44 002
2007	40 111
2006	24 054
2005	18 588
2004	13 412
2003	11 389
2002	17 279
2001	7 906
2000	9 805

Series World Bank SM.POP.NETM

Living standards

Health, schooling, the internet and inequality

Internet use reached 99.0% of people in 2021 and was at the same level in 2024. Health spending was 11.4% of GDP in 2020 and 9.4% in 2023, while public spending on education fell from 8.4% of GDP in 2020 to 5.4% in 2022. Income inequality, measured by the Gini coefficient, fell from 31.6 in 2004 to 26.5 in 2023.

Health spending, share of GDP

9.4%2023

World Bank

Data

Year	Health spending
2023	9.4%
2022	7.9%
2021	9.8%
2020	11.4%
2019	10.4%
2018	10.0%
2017	10.2%
2016	10.5%
2015	10.1%
2014	9.3%
2013	8.9%
2012	8.7%
2011	8.7%
2010	8.9%
2009	9.0%
2008	7.9%
2007	8.0%
2006	7.9%
2005	8.3%
2004	8.8%
2003	9.2%
2002	9.0%
2001	8.0%
2000	7.7%

Series World Bank SH.XPD.CHEX.GD.ZS

Public spending on education, share of GDP

5.4%2022

World Bank

Data

Year	Public spending on education
2022	5.4%
2021	7.0%
2020	8.4%
2019	7.9%
2018	7.6%
2017	7.8%
2016	8.0%
2015	7.5%
2014	7.6%
2013	7.4%
2012	7.3%
2011	6.4%
2010	6.7%
2009	7.1%
2008	6.3%
2007	6.5%
2006	6.4%
2005	6.8%
2004	7.3%
2003	7.4%
2002	7.4%
2001	6.8%
2000	6.5%

Series World Bank SE.XPD.TOTL.GD.ZS

Using the internet

99.0%2024

World Bank

Data

Year	Using the internet
2024	99.0%
2023	99.0%
2022	99.0%
2021	99.0%
2020	94.6%
2019	98.0%
2018	96.5%
2017	96.4%
2016	97.3%
2015	96.8%
2014	96.3%
2013	95.0%
2012	94.7%
2011	93.5%
2010	93.4%
2009	92.1%
2008	90.6%
2007	86.9%
2006	82.5%
2005	82.0%
2004	77.7%
2003	78.1%
2002	72.8%
2001	64.0%
2000	52.0%

Series World Bank IT.NET.USER.ZS

Gini coefficient

26.52023

World Bank

Data

Year	Gini coefficient
2023	26.5
2022	26.9
2021	29.1
2020	28.4
2019	27.7
2018	27.6
2017	27.0
2016	28.5
2015	27.5
2014	26.8
2013	26.4
2012	25.7
2011	25.3
2010	25.7
2009	26.2
2008	27.0
2007	27.1
2006	26.4
2005	30.6
2004	31.6
2003	27.6
2000	27.4

Series World Bank SI.POV.GINI

Living in towns and cities

83.6%2025

+7.4 points since 2000, between 76.1% and 83.6% in every year

200076.1%

202583.6%

World Bank

Data

Year	Living in towns and cities
2025	83.6%
2024	83.3%
2023	83.1%
2022	83.0%
2021	82.9%
2020	82.7%
2019	82.5%
2018	82.3%
2017	82.0%
2016	81.7%
2015	81.2%
2014	80.6%
2013	80.0%
2012	79.5%
2011	79.3%
2010	79.3%
2009	79.1%
2008	78.8%
2007	78.4%
2006	78.1%
2005	77.8%
2004	77.6%
2003	77.3%
2002	76.8%
2001	76.4%
2000	76.1%

Series World Bank SP.URB.TOTL.IN.ZS

Energy and environment

Energy, emissions and forest

Renewable sources generated 99.7% of electricity in 2000 and 99.1% in 2021, and their share never fell below 95.8%, the figure for 2010. They supplied 61.4% of final energy use in 2021. Carbon dioxide emissions peaked at 9.9 tonnes per person in 2008 and were 7.2 tonnes in 2024. A third of the land, 33.5%, was forest in 2023.

Electricity from renewable sources

99.1%2021

−0.6 points since 2000, between 95.8% and 99.7% in every year

200099.7%

202199.1%

World Bank

Data

Year	Electricity from renewable sources
2021	99.1%
2020	98.4%
2019	97.8%
2018	97.8%
2017	97.8%
2016	97.8%
2015	97.7%
2014	97.7%
2013	97.7%
2012	98.0%
2011	96.6%
2010	95.8%
2009	96.6%
2008	99.4%
2007	99.2%
2006	99.3%
2005	99.5%
2004	99.4%
2003	99.4%
2002	99.6%
2001	99.5%
2000	99.7%

Series World Bank EG.ELC.RNEW.ZS

Renewable share of final energy use

61.4%2021

+1.2 points since 2000, between 55.8% and 61.4% in every year

200060.2%

202161.4%

World Bank

Data

Year	Renewable share of final energy use
2021	61.4%
2020	60.9%
2019	59.8%
2018	58.9%
2017	58.9%
2016	57.7%
2015	56.5%
2014	55.8%
2013	56.6%
2012	56.9%
2011	56.0%
2010	56.0%
2009	56.7%
2008	58.5%
2007	57.4%
2006	57.0%
2005	58.6%
2004	56.9%
2003	56.2%
2002	59.5%
2001	59.6%
2000	60.2%

Series World Bank EG.FEC.RNEW.ZS

CO2 emissions per person

7.2 t2024

World Bank

Data

Year	CO2 emissions per person
2024	7.2 t
2023	7.5 t
2022	8.0 t
2021	8.2 t
2020	8.1 t
2019	8.5 t
2018	8.8 t
2017	9.0 t
2016	9.1 t
2015	9.2 t
2014	9.2 t
2013	9.2 t
2012	9.2 t
2011	9.5 t
2010	9.8 t
2009	9.3 t
2008	9.9 t
2007	9.5 t
2006	9.4 t
2005	9.4 t
2004	9.8 t
2003	9.7 t
2002	9.2 t
2001	9.4 t
2000	9.3 t

Series World Bank EN.GHG.CO2.PC.CE.AR5

Forest cover

33.5%2023

+0.3 points since 2000, between 33.1% and 33.5% in every year

200033.2%

202333.5%

World Bank

Data

Year	Forest cover
2023	33.5%
2022	33.5%
2021	33.5%
2020	33.4%
2019	33.3%
2018	33.3%
2017	33.3%
2016	33.3%
2015	33.3%
2014	33.2%
2013	33.2%
2012	33.2%
2011	33.2%
2010	33.1%
2009	33.1%
2008	33.1%
2007	33.1%
2006	33.1%
2005	33.1%
2004	33.1%
2003	33.2%
2002	33.2%
2001	33.2%
2000	33.2%

Series World Bank AG.LND.FRST.ZS

Codes

Norway's codes and memberships

The state

Status: Sovereign state
State since: 1905
Government: constitutional monarchy, representative democracy
Official languages: Norwegian, Sami
United Nations: Member

Identifiers

NOISO alpha-2

NORISO alpha-3

578ISO numeric

Calling code: +47
Internet domain: .no
Time zone: UTC+01:00

Memberships

Also a member, joining year not on record

Questions

Questions about Norway in figures

How much does Norway's economy produce?

In current US dollars Norway's GDP came to $530.8 billion in 2025, according to the World Bank, down from $617.3 billion in 2022. In 2025 that was $94,594 per person, or $104,044 at purchasing power parity.

What was Norway's growth in 2025?

Yes, by 1.1%, according to the World Bank, after 1.4% in 2024. For 2026 the IMF projected 1.5%.

How high is inflation in Norway?

By the World Bank's measure, inflation was 3.1% in both 2024 and 2025, after a 2022 peak of 5.8%. Looking ahead, the IMF projected 3.3% for 2026 and 2.0% a year from 2029.

Does the Norwegian government run a budget surplus?

Yes. The IMF put general government net lending at 9.3% of GDP in 2025 and 24.7% in 2022, and 2020, with a deficit of 2.5%, was the only year since 2000 in the red. The IMF projected a surplus of 10.2% of GDP for 2026.

Is Norway's government debt falling?

The IMF estimated gross debt at 45.0% of GDP in 2025, below the 52.8% of 2024, and projected a further fall to 25.5% by 2031.

Is Norway's population still growing?

Yes. The World Bank estimated 5,610,870 inhabitants in 2025, up 0.7% on the year, and the figure on the country record was 5,627,400 on 1 January 2026.

Record generated 2026-08-31, series 2026-09-27 · Q20 · World Bank data · Europe