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Norway Trade (% GDP)

Norway's trade (% GDP) rose to 81.22% in 2024, up from 80.36% in 2023, according to World Bank. This represents an increase of 0.86% from the previous year. Norway has trade (% GDP) lower than the global median (81.22% vs median 84.49%). Compared with the median in Europe, Norway is lower (81.22% vs regional median 111.00%) and ranks 34th out of 44 countries in Europe.

Yearly Historical Data (1970-2024)

(in %)
Year Trade (% GDP)
2024 81.22%
2023 80.36%
2022 82.61%
2021 71.22%
2020 65.35%
2019 70.9%
2018 70%
2017 69.11%
2016 69.12%
2015 70.43%
2014 69.14%
2013 67.97%
2012 68.5%
2011 69.6%
2010 68.24%
2009 67.46%
2008 74.79%
2007 71.94%
2006 71.66%
2005 70.47%
2004 68.67%
2003 66.32%
2002 67.52%
2001 73.16%
2000 74.31%
1999 69.51%
1998 71.62%
1997 72.15%
1996 70.2%
1995 67.3%
1994 67.63%
1993 67.25%
1992 66.71%
1991 69.59%
1990 71.39%
1989 69.64%
1988 64.27%
1987 64.88%
1986 69.71%
1985 75.65%
1984 74.62%
1983 73.92%
1982 76.03%
1981 77.13%
1980 78.09%
1979 74.88%
1978 70.72%
1977 76.2%
1976 78.76%
1975 76.27%
1974 80.11%
1973 73.07%
1972 66.96%
1971 69.7%
1970 70.96%
Norway Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Norway divided by its total economic output, shown as a percentage.
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
Exports (% GDP) 47.56% 47.91% 2024
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