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 5,488,984 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 26 position by nominal GDP. Its national debt in 2021 was 176,904 millions of euros (209,371 millions of dollars), ( 42.7% debt-to-GDP ratio) and its public debt per capita is €32,607 euros per inhabitant$38,592 dollars per inhabitant.

The last annual rate of CPI published in Norway was on October of 2023 and it was 4.1%.

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
Qu. GDP Per Capita [+]2023Q319,274K
Annual GDP [+]2022€551,409M
Annual GDP [+]2022$579,267M
GDP per capita [+]2022€101,050
GDP per capita [+]2022$106,328
Quarterly GDP [+]2023Q3€105,796M
Debt (M.€.) [+]2021176,904
Debt ($M) [+]2021209,371
Debt (%GDP) [+]202142.70%
Debt Per Capita [+]2021€32,607
Debt Per Capita [+]2021$38,592
Deficit (M.€) [+]2022143,565
Deficit ($M) [+]2022151,174
Deficit (%GDP) [+]202226.00%
Expenditure (M.€) [+]2022216,160.5
Expenditure ($M) [+]2022227,617.0
Education Expenditure (M.€) [+]201828,486.4
Education Expenditure ($M) [+]201833,618.0
Education Expenditure (%Bud.) [+]201815.92%
Gov. Health Exp. (M.€) [+]202237,286,216,122.6
Gov. Health Exp.($M) [+]199810,567,578,428.2
Gov. Health Exp. (%Bud.) [+]201717.88%
Defence Expenditure (M.€) [+]20229,030.2
Defence Expenditure ($M) [+]20229,486.5
Defence Expenditure (%Bud.) [+]20223.78%
Expenditure (%GDP) [+]202239.20%
Expenditure Per Capita [+]2022€39,381
Expenditure Per Capita [+]2022$41,468
Education Expenditure P.C [+]2018€5,362
Education Expenditure P.C [+]2018$6,333
Gov. Health Exp. P.C. [+]2022€6,873
Gov. Health Exp. P.C. [+]2017$6,783
Defence Expenditure P.C. [+]2022€1,655
Defence Expenditure P.C. [+]2022$1,741
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
Unemployment Rate [+]October 20233.6%
Unemployment rate [+]2023Q23.5%
Unemployed [+]2023Q2105K
Average Wage [+]2022$69,430
Average Wage [+]2022€65,935
Human Capital Ranking [+]2017
Euro / Norwegian krones [+]12/01/202311.6980
US Dollar exchange rate [+]12/01/202310.7568
10-Year Bond Yield [+]12/01/20233.50%
Risk Premium [+]12/01/2023115
Stock ExchangeYTD % [+]12/01/20239.70%
CPI (overall index) [+]October 20234.1%
HICP [+]October 20233.7%
PPI Year on Year [+]October 20234.3%
Money Market
Key rates [+]09/22/20234.25%
Doing Business [+]2020
IPI Year on Year [+]September 2023-20.0%
Passengers vehicles Year [+]December 2022174,329
Annual Vehicles/ 1,000 p. [+]December 202238.26
Vehicles / 1,000 people [+]2021634.33
Tax Revenue (%GDP) [+]202244.4%
Standard VAT [+]01/01/200625.00%
Top tax rate + SSC [+]202247.4%
Annual arrivals [+]20195,879,000
Exports [+]2022€257,895.6M
Exports [+]2022$271,564.1M
Exports % GDP [+]202246.77%
Imports [+]2022€101,541.1M
Imports [+]2022$106,922.8M
Imports % GDP [+]202218.41%
Trade balance [+]2022€156,354.4M
Trade balance [+]2022$164,641.3M
Trade balance % GDP [+]202228.36%
Retail Sales YoY [+]October 2023-1.4%
Global AgeWatch Ranking [+]2015
Density [+]20229
Global Peace Ranking [+]202324º
Crude divorce rate [+]20201.80‰
Remittance received ($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 [+]20211.55
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 [+]202282.60
Suicides [+]2020648
Suicide rate [+]202011.80
Number of homicides [+]202129
Rate Homicides per 100.000 [+]20210.54
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
COVID-19 - Deaths [+]11/30/20235,732
COVID-19 - Confirmed [+]11/30/20231,489,459
Fully vaccinated [+]11/13/20224,054,726
COVID-19 - Deaths per million population [+]11/30/20231,044.27
Doses administered [+]11/13/202212,145,560