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Norway Exports (% GDP)

Norway's exports (% GDP) fell to 47.56% in 2024, down from 47.91% in 2023, according to World Bank. This represents a decrease of 0.35% from the previous year. Norway has exports (% GDP) higher than the global median (47.56% vs median 37.25%). Compared with the median in Europe, Norway is lower (47.56% vs regional median 53.65%) and ranks 26th out of 44 countries in Europe.

Norway's imports (% GDP) rose to 33.66% in 2024, up from 32.45% in 2023.

Yearly Historical Data (1970-2024)

(in %)
Year Exports (% GDP)
2024 47.56%
2023 47.91%
2022 55.5%
2021 43.04%
2020 32.21%
2019 36.64%
2018 38.22%
2017 36.73%
2016 35.94%
2015 38.58%
2014 39.73%
2013 39.86%
2012 41.29%
2011 41.66%
2010 40.15%
2009 39.81%
2008 46.22%
2007 42.96%
2006 44.54%
2005 43.44%
2004 41.11%
2003 39.67%
2002 40.47%
2001 44.99%
2000 45.61%
1999 38.39%
1998 36.75%
1997 40.04%
1996 39.43%
1995 36.62%
1994 36.74%
1993 36.69%
1992 36.6%
1991 38.59%
1990 38.73%
1989 36.43%
1988 31.71%
1987 31.23%
1986 33.04%
1985 41.33%
1984 41.58%
1983 40.75%
1982 40.45%
1981 42.06%
1980 41.93%
1979 38.49%
1978 35.43%
1977 33.55%
1976 35.2%
1975 35.24%
1974 38.71%
1973 36.34%
1972 33.86%
1971 33.58%
1970 35.17%
Norway Exports (% GDP) : Definition
Exports (% GDP) measures the value of goods and services sold abroad by Norway compared to its total economic output.
Indicator Last Value Prior Value Period
Annual Exports $168.27B $177.2B 2024
Annual Imports $101.27B $96.98B 2024
Balance of Trade NOK 36.9B NOK 59.9B Sep'25
Exports NOK 131.8B NOK 143.4B Sep'25
FDI Inflows (% GDP) 0.85% 2.85% 2024
Imports NOK 94.9B NOK 83.3B Sep'25
Imports (% GDP) 33.66% 32.45% 2024
Net Trade (Goods & Services, BoP) $66.74B $74.77B 2024
Tariff Rate 2.57% 3.49% 2022
Trade (% GDP) 81.22% 80.36% 2024