Norway Norway

Subscribe to our free email alert service

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

Norway, with a population of 5,425,270 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 29 position by nominal GDP. Its national debt in 2021 was 176,861 millions of euros (209,319 millions of dollars), ( 43.41% debt-to-GDP ratio) and its public debt per capita is €32,599 euros per inhabitant$38,582 dollars per inhabitant.

The last annual rate of CPI published in Norway was on October of 2022 and it was 7.5%.

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 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 [+]2022Q223,329K
Annual GDP [+]2021€414,187M
Annual GDP [+]2021$482,175M
GDP per capita [+]2021€76,590
GDP per capita [+]2021$89,042
Quarterly GDP [+]2022Q3€155,756M
Debt (M.€.) [+]2021176,861
Debt ($M) [+]2021209,319
Debt (%GDP) [+]202143.41%
Debt Per Capita [+]2021€32,599
Debt Per Capita [+]2021$38,582
Deficit (M.€) [+]202140,361
Deficit ($M) [+]202143,933
Deficit (%GDP) [+]20219.90%
Expenditure (M.€) [+]2021200,161.9
Expenditure ($M) [+]2021232,337.4
Education Expenditure (M.€) [+]201828,305.7
Education Expenditure ($M) [+]201833,404.8
Education Expenditure (%Bud.) [+]201815.63%
Gov. Health Exp. (M.€) [+]202135,168.7
Gov. Health Exp.($M) [+]199810,567.6
Gov. Health Exp. (%Bud.) [+]201717.88%
Defence Expenditure (M.€) [+]20206,159.4
Defence Expenditure ($M) [+]20207,014.4
Defence Expenditure (%Bud.) [+]20203.52%
Expenditure (%GDP) [+]202149.10%
Expenditure Per Capita [+]2021€36,894
Expenditure Per Capita [+]2021$42,825
Education Expenditure P.C [+]2018€5,329
Education Expenditure P.C [+]2018$6,274
Gov. Health Exp. P.C. [+]2021€6,523
Gov. Health Exp. P.C. [+]2017$6,783
Defence Expenditure P.C. [+]2020€1,145
Defence Expenditure P.C. [+]2020$1,303
Moody's Rating [+]05/06/2022Aaa
S&P Rating [+]07/09/1975AAA
Fitch Rating [+]02/28/2020AAA
Corruption Index [+]202185
Competitiveness Ranking [+]201917º
Fragile States Index [+]201818.3
RTI Raking [+]09/28/201876º
Innovation Ranking [+]201819º
Labour
Unemployment Rate [+]October 20223.3%
Unemployment rate [+]2022Q23.3%
Unemployed [+]2022Q298K
Average Wage [+]2021$76,793
Average Wage [+]2021€62,830
Human Capital Ranking [+]2017
Markets
Euro / Norwegian krones [+]12/07/202210.5255
US Dollar exchange rate [+]12/07/20229.9967
10-Year Bond Yield [+]12/07/20222.96%
Risk Premium [+]12/07/2022120
Stock ExchangeYTD % [+]12/07/2022-1.55%
Prices
CPI (overall index) [+]October 20227.5%
HICP [+]October 20228.4%
PPI Year on Year [+]October 202225.9%
Money Market
Key rates [+]11/04/20222.50%
Business
Doing Business [+]2020
IPI Year on Year [+]September 20221.0%
Passengers vehicles Year [+]October 2022151,160
Annual Vehicles/ 1,000 p. [+]October 202234.28
Vehicles / 1,000 people [+]2020633.65
Taxes
Tax Revenue (%GDP) [+]202142.4%
Standard VAT [+]01/01/200625.00%
Top tax rate + SSC [+]202146.4%
Trade
Annual arrivals [+]20195,879,000
Exports [+]2021€134,859.6M
Exports [+]2021$159,498.5M
Exports % GDP [+]202133.09%
Imports [+]2021€82,333.7M
Imports [+]2021$97,376.0M
Imports % GDP [+]202120.20%
Trade balance [+]2021€52,526.0M
Trade balance [+]2021$62,122.5M
Trade balance % GDP [+]202112.89%
Retail Sales YoY [+]October 2022-6.5%
Socio-Demography
Global AgeWatch Ranking [+]2015
Density [+]20219
Global Peace Ranking [+]202217º
Crude divorce rate [+]20201.80‰
Remittance received ($M) [+]2017614.1
% Immigrant [+]201916.17%
% Emigrant [+]20193.77%
Birth Rate [+]202110.40‰
Remittance sent ($M) [+]20172,237.9
Crude death rate [+]20217.80‰
Fertility Rate [+]20201.48
Crude marriage rate [+]20203.30‰
% risk of poverty [+]202012.7%
Population [+]20215,425,270
Immigrant stock [+]2019867,765
Emigrant stock [+]2019202,336
HDI [+]20190.957
Gender Gap Ranking [+]2022
Life expectancy [+]202183.20
Suicides [+]2020648
Suicide rate [+]202012.02
Number of homicides [+]202031
Rate Homicides per 100.000 [+]20200.57
Energy and Environment
CO2 Tons per capita [+]20217.70
Annual crude oil production [+]20211,776
Crude Oil Reserves [+]20218,122.2
Consumption GWh [+]2021130,843
Generation GWh [+]2021157,503
Others
COVID-19 - Deaths [+]12/06/20224,439
COVID-19 - Confirmed [+]12/06/20221,469,983
Fully vaccinated [+]11/13/20224,054,726
COVID-19 - Deaths per million population [+]12/06/2022818.21
Doses administered [+]11/13/202212,145,560