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Norway GDP Annual Growth Rate

Norway's GDP annual growth rate rose to 2.1% in 2024, up from 0.07% in 2023, according to World Bank. This represents an increase of 2.03% from the previous year. Norway has GDP annual growth rate lower than the global median (2.10% vs median 3.24%). Within Europe, it ranks 24th out of 47 countries.

Norway's real GDP rose to $443.94 billion in 2024, up from $434.81 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 2.1%
2023 0.07%
2022 3.25%
2021 3.91%
2020 -1.28%
2019 1.12%
2018 0.83%
2017 2.46%
2016 1.16%
2015 1.86%
2014 2.05%
2013 1.02%
2012 2.72%
2011 1.11%
2010 0.79%
2009 -1.94%
2008 0.48%
2007 2.91%
2006 2.46%
2005 2.69%
2004 4.01%
2003 0.94%
2002 1.38%
2001 2.07%
2000 3.32%
1999 2.07%
1998 2.67%
1997 5.28%
1996 5.03%
1995 4.16%
1994 5.06%
1993 2.85%
1992 3.57%
1991 3.08%
1990 1.93%
1989 1.04%
1988 -0.26%
1987 1.75%
1986 4.04%
1985 5.55%
1984 6.05%
1983 3.97%
1982 0.24%
1981 1.6%
1980 4.56%
1979 4.37%
1978 3.87%
1977 4.16%
1976 5.83%
1975 4.95%
1974 3.92%
1973 4.53%
1972 5.33%
1971 5.67%
1970 1.94%
1969 4.5%
1968 2.26%
1967 6.26%
1966 3.79%
1965 5.29%
1964 5.01%
1963 3.79%
1962 2.81%
1961 6.27%
Norway GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Norway's total economic output.
Indicator Last Value Prior Value Period
GDP $483.73B $482.95B 2024
GDP Growth Rate (QoQ) 0.8% 0.1% Jun'25
GDP Growth Rate (YoY) -2.1% -0.3% Jun'25
GDP per Capita $79,670.14 $78,775.85 2024
GDP per Capita PPP $91,108.24 $90,085.55 2024
R&D Expenditure (% GDP) 1.56% 1.89% 2022
Real GDP $443.94B $434.81B 2024