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 5,488,984 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 33 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 [+]2023Q419,350K
Annual GDP [+]2023€448,904M
Annual GDP [+]2022$579,422M
GDP per capita [+]2023€81,000
GDP per capita [+]2022$105,826
Quarterly GDP [+]2023Q4€110,290M
Debt (M.€.) [+]2022204,093
Debt ($M) [+]2022215,089
Debt (%GDP) [+]202237.12%
Debt Per Capita [+]2022€37,182
Debt Per Capita [+]2022$39,186
Deficit (M.€) [+]2022144,437
Deficit ($M) [+]2022146,855
Deficit (%GDP) [+]202225.60%
Expenditure (M.€) [+]2022216,572.0
Expenditure ($M) [+]2022223,179.0
Education Expenditure (M.€) [+]201828,486.4
Education Expenditure ($M) [+]201833,618.0
Education Expenditure (%Bud.) [+]201815.92%
Gov. Health Exp. (M.€) [+]202237,286,216,122.6
Gov. Health Exp.($M) [+]199810,567,578,428.2
Gov. Health Exp. (%Bud.) [+]201717.88%
Defence Expenditure (M.€) [+]20229,247.3
Defence Expenditure ($M) [+]20229,489.0
Defence Expenditure (%Bud.) [+]20223.78%
Expenditure (%GDP) [+]202238.40%
Expenditure Per Capita [+]2022€39,381
Expenditure Per Capita [+]2022$40,659
Education Expenditure P.C [+]2018€5,362
Education Expenditure P.C [+]2018$6,314
Gov. Health Exp. P.C. [+]2022€6,873
Gov. Health Exp. P.C. [+]2017$6,783
Defence Expenditure P.C. [+]2022€1,694
Defence Expenditure P.C. [+]2022$1,733
Moody's Rating [+]05/06/2022Aaa
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 [+]January 20244.5%
Unemployment rate [+]2023Q43.5%
Unemployed [+]2023Q4106K
Average Wage [+]2022$69,430
Average Wage [+]2022€65,935
Human Capital Ranking [+]2017
Markets
Euro / Norwegian krones [+]03/18/202411.5565
US Dollar exchange rate [+]03/15/202410.5770
10-Year Bond Yield [+]03/18/20243.69%
Risk Premium [+]03/18/2024124
Stock ExchangeYTD % [+]03/18/2024-0.47%
Prices
CPI (overall index) [+]December 20234.8%
HICP [+]February 20244.4%
PPI Year on Year [+]February 20242.6%
Money Market
Key rates [+]09/22/20234.25%
Business
Doing Business [+]2020
IPI Year on Year [+]January 20248.3%
Passengers vehicles Year [+]December 2022174,329
Annual Vehicles/ 1,000 p. [+]December 202238.26
Vehicles / 1,000 people [+]2021634.33
Taxes
Tax Revenue (%GDP) [+]202243.6%
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$165,888.0M
Exports % GDP [+]202245.67%
Imports [+]2023€89,425.4M
Imports [+]2023$88,310.6M
Imports % GDP [+]202217.98%
Trade balance [+]2023€74,831.4M
Trade balance [+]2023$77,577.3M
Trade balance % GDP [+]202227.69%
Retail Sales YoY [+]December 2023-3.9%
Socio-Demography
Global AgeWatch Ranking [+]2015
Density [+]20229
Global Peace Ranking [+]202324º
Crude divorce rate [+]20201.80‰
Remittance received ($M) [+]2017614.1
% Immigrant [+]202015.81%
% Emigrant [+]20203.55%
Birth Rate [+]20229.40‰
Remittance sent ($M) [+]20172,237.9
Crude death rate [+]20228.40‰
Fertility Rate [+]20221.41
Crude marriage rate [+]20203.30‰
% risk of poverty [+]202212.2%
Population [+]20225,488,984
Immigrant stock [+]2020852,238
Emigrant stock [+]2020191,392
HDI [+]20210.961
Gender Gap Ranking [+]2023
Life expectancy [+]202282.50
Suicides [+]2021657
Suicide rate [+]202112.11
Number of homicides [+]202230
Rate Homicides per 100.000 [+]20220.55
Energy and Environment
CO2 Tons per capita [+]20217.70
Annual crude oil production [+]20221,704
Crude Oil Reserves [+]20218,122.2
Consumption GWh [+]2021130,843
Generation GWh [+]2021157,503
Others
COVID-19 - Deaths [+]03/05/20245,732
COVID-19 - Confirmed [+]03/05/20241,506,641
Fully vaccinated [+]11/13/20224,054,726
COVID-19 - Deaths per million population [+]03/05/20241,044.27
Doses administered [+]11/13/202212,145,560