Norway Norway

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Norway, is a country located at Northern Europe, it has an area of 625,222 Km2.

Norway, with a population of 5,391,369 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 2020 was 131,791 millions of euros (150,422 millions of dollars), ( 41.4% debt-to-GDP ratio) and its public debt per capita is €24,445 euros per inhabitant$27,901 dollars per inhabitant.

The last annual rate of CPI published in Norway was on December of 2021 and it was 5.3%.

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 0.957 points in 2019, leaving it in 1th place in the table of 189 countries published.

If the reason to visit Norway are business, you must know it's in the 7th 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 [+]2021Q319,500K
Annual GDP [+]2020€318,051M
Annual GDP [+]2020$362,522M
GDP per capita [+]2020€59,130
GDP per capita [+]2020$67,326
Quarterly GDP [+]2021Q3€105,130M
Debt (M.€.) [+]2020131,791
Debt ($M) [+]2020150,422
Debt (%GDP) [+]202041.40%
Debt Per Capita [+]2020€24,445
Debt Per Capita [+]2020$27,901
Deficit (M.€) [+]2020-9,591
Deficit ($M) [+]2020-10,955
Deficit (%GDP) [+]2020-3.00%
Expenditure (M.€) [+]2020184,928.7
Expenditure ($M) [+]2020211,225.6
Education Expenditure (M.€) [+]201828,305.7
Education Expenditure ($M) [+]201833,404.8
Education Expenditure (%Bud.) [+]201815.63%
Gov. Health Exp. (M.€) [+]202031,011.0
Gov. Health Exp.($M) [+]199810,567.6
Gov. Health Exp. (%Bud.) [+]201717.88%
Defence Expenditure (M.€) [+]20206,159.4
Defence Expenditure ($M) [+]20207,020.7
Defence Expenditure (%Bud.) [+]20203.52%
Expenditure (%GDP) [+]202058.10%
Expenditure Per Capita [+]2020€34,301
Expenditure Per Capita [+]2020$39,178
Education Expenditure P.C [+]2018€5,329
Education Expenditure P.C [+]2018$6,274
Gov. Health Exp. P.C. [+]2020€5,777
Gov. Health Exp. P.C. [+]2017$6,783
Defence Expenditure P.C. [+]2020€1,145
Defence Expenditure P.C. [+]2020$1,304
Moody's Rating [+]06/12/2020Aaa
S&P Rating [+]07/09/1975AAA
Fitch Rating [+]02/28/2020AAA
Corruption Index [+]202084
Competitiveness Ranking [+]201917º
Fragile States Index [+]201818.3
RTI Raking [+]09/28/201876º
Innovation Ranking [+]201819º
Labour
Unemployment Rate [+]October 20213.6%
Unemployment rate [+]2021Q34.2%
Unemployed [+]2021Q3123K
Average Wage [+]2015$68,434
Average Wage [+]2020€58,508
Human Capital Ranking [+]2017
Markets
Euro / Norwegian krones [+]01/18/20229.9638
US Dollar exchange rate [+]01/18/20228.7655
10-Year Bond Yield [+]01/18/20221.90%
Risk Premium [+]01/18/2022190
Stock ExchangeYTD % [+]01/18/20221.17%
Prices
CPI (overall index) [+]December 20215.3%
HICP [+]November 20215.8%
PPI Year on Year [+]December 202125.3%
Money Market
Key rates [+]12/17/20210.50%
Business
Doing Business [+]2019
IPI Year on Year [+]November 20212.3%
Passengers vehicles Year [+]April 2021151,097
Annual Vehicles/ 1,000 p. [+]April 202135.65
Vehicles / 1,000 people [+]2015610.91
Taxes
Tax Revenue (%GDP) [+]202038.8%
Standard VAT [+]01/01/200625.00%
Top tax rate + SSC [+]202046.4%
Trade
Annual arrivals [+]20195,879,000
Exports [+]2020€73,944.3M
Exports [+]2020$84,459.1M
Exports % GDP [+]202023.25%
Imports [+]2020€70,431.7M
Imports [+]2020$80,447.1M
Imports % GDP [+]202022.14%
Trade balance [+]2020€3,512.5M
Trade balance [+]2020$4,012.0M
Trade balance % GDP [+]20201.10%
Retail Sales YoY [+]November 2021-5.0%
Socio-Demography
Global AgeWatch Ranking [+]2015
Density [+]20209
Global Peace Ranking [+]202114º
Crude divorce rate [+]20191.90‰
Remittance received ($M) [+]2017614.1
% Immigrant [+]201916.17%
% Emigrant [+]20193.77%
Birth Rate [+]20209.80‰
Remittance sent ($M) [+]20172,237.9
Crude death rate [+]20207.50‰
Fertility Rate [+]20191.53
Crude marriage rate [+]20194.00‰
% risk of poverty [+]202012.7%
Population [+]20205,391,369
Immigrant stock [+]2019867,765
Emigrant stock [+]2019202,336
HDI [+]20190.957
Gender Gap Ranking [+]2020
Life expectancy [+]202083.30
Suicides [+]2018681
Suicide rate [+]201812.71
Number of homicides [+]201928
Rate Homicides per 100.000 [+]20190.52
Energy and Environment
CO2 Tons per capita [+]20207.74
Annual crude oil production [+]20201,713
Crude Oil Reserves [+]20218,122.2
Consumption GWh [+]2020124,288
Generation GWh [+]2020153,669
Others
COVID-19 - Deaths [+]01/17/20221,382
COVID-19 - Confirmed [+]01/17/2022523,424
Fully vaccinated [+]01/16/20223,959,288
COVID-19 - Deaths per million population [+]01/17/2022256.34
Doses administered [+]01/16/202210,512,456