Norway Norway

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Norway, is a country located at Northern Europe, it has an area of 624,499 Km2.

Norway, with a population of 5,550,203 people, it is one of the least populous country in the world and it has a low population density, 9 people per km2.

It's capital is Oslo and its currency is Norwegian krones

Norway is holding the 32 position by nominal GDP. Its national debt in 2022 was 204,093 millions of euros (215,089 millions of dollars), ( 37.12% debt-to-GDP ratio) and its public debt per capita is €37,182 euros per inhabitant$39,186 dollars per inhabitant.

The last annual rate of CPI published in Norway was on December of 2023 and it was 4.8%.

In terms of the human development index (HDI) of Norway, which is the index used by the United Nations to measure the progress of a country, was 0.961 points in 2021, leaving it in 2th place in the table of 191 countries published.

If the reason to visit Norway are business, you must know it's in the 9th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Norway, if you want to see information about other countries click here

Oslo: Monthly Temp.
Oslo: Monthly Rainfall
Norway Economy
Gouvernement
Qu. GDP Per Capita [+]2024Q120,055K
Annual GDP [+]2023€448,717M
Annual GDP [+]2023$485,311M
GDP per capita [+]2023€80,970
GDP per capita [+]2023$87,440
Quarterly GDP [+]2024Q1€111,309M
Debt (M.€.) [+]2022204,093
Debt ($M) [+]2022215,089
Debt (%GDP) [+]202237.12%
Debt Per Capita [+]2022€37,182
Debt Per Capita [+]2022$39,186
Deficit (M.€) [+]202373,243
Deficit ($M) [+]202379,198
Deficit (%GDP) [+]202316.30%
Expenditure (M.€) [+]2023208,929.1
Expenditure ($M) [+]2023225,915.0
Education Expenditure (M.€) [+]202222,431.4
Education Expenditure ($M) [+]202223,571.0
Education Expenditure (%Bud.) [+]202210.12%
Gov. Health Exp. (M.€) [+]202238,451,982,657.9
Gov. Health Exp.($M) [+]202142,437.0
Gov. Health Exp. (%Bud.) [+]202217.82%
Defence Expenditure (M.€) [+]20229,253.2
Defence Expenditure ($M) [+]20229,723.3
Defence Expenditure (%Bud.) [+]20223.78%
Expenditure (%GDP) [+]202346.50%
Expenditure Per Capita [+]2023€37,644
Expenditure Per Capita [+]2023$40,704
Education Expenditure P.C [+]2022€4,111
Education Expenditure P.C [+]2022$4,201
Gov. Health Exp. P.C. [+]2022€7,046
Gov. Health Exp. P.C. [+]2022$7,448
Defence Expenditure P.C. [+]2022€1,696
Defence Expenditure P.C. [+]2022$1,733
Moody's Rating [+]06/07/2024Aaa
S&P Rating [+]07/09/1975AAA
Fitch Rating [+]02/28/2020AAA
Corruption Index [+]202284
Competitiveness Ranking [+]201917º
Fragile States Index [+]201818.3
RTI Raking [+]202281º
Innovation Ranking [+]201819º
Labour
Unemployment Rate [+]May 20244.1%
Unemployment rate [+]2024Q14.0%
Unemployed [+]2024Q1119K
Average Wage [+]2023$68,871
Average Wage [+]2023€63,693
Human Capital Ranking [+]2017
Markets
Euro / Norwegian krones [+]07/19/202411.8255
US Dollar exchange rate [+]07/18/202410.7484
10-Year Bond Yield [+]07/19/20243.55%
Risk Premium [+]07/19/2024109
Stock ExchangeYTD % [+]07/19/202410.44%
Prices
CPI (overall index) [+]December 20234.8%
HICP [+]June 20242.3%
PPI Year on Year [+]May 20242.8%
Money Market
Key rates [+]12/15/20234.50%
Business
Doing Business [+]2020
IPI Year on Year [+]April 20243.5%
Passengers vehicles Year [+]December 2022174,329
Annual Vehicles/ 1,000 p. [+]December 202238.26
Vehicles / 1,000 people [+]2021634.33
Taxes
Tax Revenue (%GDP) [+]202341.6%
Standard VAT [+]01/01/200625.00%
Top tax rate + SSC [+]202247.4%
Trade
Annual arrivals [+]20195,879,000
Exports [+]2023€164,256.8M
Exports [+]2023$173,906.1M
Exports % GDP [+]202336.61%
Imports [+]2023€89,425.4M
Imports [+]2023$95,292.4M
Imports % GDP [+]202319.93%
Trade balance [+]2023€74,831.4M
Trade balance [+]2023$78,613.7M
Trade balance % GDP [+]202316.68%
Retail Sales YoY [+]December 2023-3.9%
Socio-Demography
Global AgeWatch Ranking [+]2015
Density [+]20239
Global Peace Ranking [+]202324º
Crude divorce rate [+]20201.80‰
Remittance received ($M) [+]2017614.1
% Immigrant [+]202015.81%
% Emigrant [+]20203.55%
Birth Rate [+]20239.40‰
Remittance sent ($M) [+]20172,237.9
Crude death rate [+]20237.90‰
Fertility Rate [+]20221.41
Crude marriage rate [+]20203.30‰
% risk of poverty [+]202311.5%
Population [+]20235,550,203
Immigrant stock [+]2020852,238
Emigrant stock [+]2020191,392
HDI [+]20210.961
Gender Gap Ranking [+]2023
Life expectancy [+]202383.10
Suicides [+]2021657
Suicide rate [+]202111.93
Number of homicides [+]202230
Rate Homicides per 100.000 [+]20220.55
Energy and Environment
CO2 Tons per capita [+]20227.62
Annual crude oil production [+]20231,814
Crude Oil Reserves [+]20218,122.2
Consumption GWh [+]2022121,899
Generation GWh [+]2022143,383
Others
COVID-19 - Deaths [+]07/07/20245,732
COVID-19 - Confirmed [+]07/07/20241,509,883
Fully vaccinated [+]11/13/20224,054,726
COVID-19 - Deaths per million population [+]07/07/20241,032.76
Doses administered [+]11/13/202212,145,560