Figures in italics are for 2018 or 2017, ranking is approximate. Coefficient of human inequality: n.a. NOTE: The information regarding Military expenditures - percent of GDP on this page is re-published from the CIA World Factbook 2020. The statistic shows the growth in real GDP in Norway from between 2015 to 2018, with projections up until 2025. These economic complexity rankings use 6 digit exports classified according to the HS96 classification. No claims are made regarding the accuracy of Military expenditures - percent of GDP information contained here. Italy is ranked 28 with a GDP per capita of $32,947. GDP > Per $ GDP: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. Norway ranked 8th out of 37 OECD countries in terms of the tax-to-GDP ratio in 2019. The charts below list all the 192 countries as per their GDP per capita rank. The Gross Domestic Product (GDP) in Norway contracted 0.20 percent in the third quarter of 2020 over the same quarter of the previous year. Russia is ranked 6 with a GDP PPP of $4.3 trillion. [see also: GDP country ranks] GDP (official exchange rate): $398.8 billion (2017 est.) Switzerland and Ireland have now exceeded Norway’s GDP level, with 61 and 83 per cent above EU28 respectively. $2,800 (2013 est.) GDP---GINI---Pop.---Norway’s landscape is dominated by mountains, islands and fjords. Norway's economic and trade relations with the EU are mainly governed by the agreement on the European Economic Area (EEA). Also Show. Labour share of GDP, comprising wages and social protection transfers (%) n.a. The overall rank isn't that high because of the labor regulation and high taxes but they may not be as important. Norway gdp per capita for 2019 was $75,420, a 7.73% decline from 2018. On a ppp basis, China has overtaken the US in 2016 and ahead by Int. In 2018, Norway was ranked 9th out of the 37 OECD countries in terms of the tax-to-GDP ratio. One of the wealthiest nations in the world, Norway ranks 12th in the Happy Planet Index - the highest scoring European country. Over the past 58 years, the value for this indicator has fluctuated between $102,914 in 2013 and $1,442 in 1960. All suggestions for corrections of any errors about Military expenditures - percent of GDP should be addressed to the CIA. GDP Annual Growth Rate in Norway averaged 2.44 percent from 1979 until 2020, reaching an all time high of 10.20 percent in the first quarter of 1980 and a record low of -4.40 percent in the second quarter of 2009. Brazil is ranked 8 with a GDP PPP of $3.5 trillion. France is ranked 10 with a GDP PPP of $3.1 trillion. Country Report 2017 - Includes Norway real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. Gross domestic product ranking table. Canada is ranked 19 with a GDP per capita of $46,213. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. Norway's budget balance in relation to GDP 2025. On a nominal basis, the US is ahead of China by $5.59 trillion in 2020 compared to $6.70 trillion in 2019. France is ranked 22 with a GDP per capita of $41,761. The fall in the GDP ranking is primarily due to a considerable price decrease over the last two years for oil, Norway’s main export good. NOTE: 1) The information regarding Norway on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. This page lists the countries of the world sorted by their gross domestic product per capita at nominal values.This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U.S. dollars, divided by the average population for the same year.. October 27, 2020. France had a GDP of $2.72 trillion in 2019, ranking seventh in the world. GDP as a U.S. dollar has in the United States. Although oil production is historically low, it rose in … I have a link to the ranking I used. PPP figures are extrapolated from 2017 benchmark estimates by the International Comparison Program (ICP), unless otherwise footnoted. GDP (current US$) - Norway. 1960 - 2019. Download Historical Data Save as Image. Norway ranks very highly in terms of wellbeing, life expectancy, and having low inequality in those measures. Statistics and historical data on GDP growth rate, per capita PPP, constant prices. Data Source: World Bank MLA Citation: Similar Country Ranking; … Year to year changes in the nominal level of output or income of an economy are affected by a combination of forces: real growth, price inflation, and exchange rates. Norway - GDP per capita GDP per capita (current US$) The latest value for GDP per capita (current US$) in Norway was $81,697 as of 2018. United States (1,9) is present in both list of top ten GDP and GDP per capita ranking at nominal terms. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era.The country has a very high standard of living compared with other European countries, and a strongly integrated welfare system. GDP grew mildly in August, slowing from July’s level as household spending lost steam—evidenced by a slowdown in retail sales during the month—and coming amid decelerating industrial production growth. Definition: GDP per capita is gross domestic product divided by midyear population. Norwegen BIP Letzte Zuletzt Höchste Unterste Einheit; Bip-Wachstum 4.60-4.70: 4.60-4.70: Percent: BIP Veränderung zum Vorjahr 3) Norway is economically free in most aspects especially business freedom and trade freedom. In 2016, the result for Norway was considerably lower, at 48 per cent above EU28. Download Historical Data Save as Image. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. GDP per capita (2017 PPP $) n.a. Norway gdp growth rate for 2018 was 1.29%, a 1.03% decline from 2017. 192 countries from around the world are ranked by GDP measured in US dollars and PPPs from 1980 to 2019. Gross Domestic Product, or GDP, measures the economy size of a country. Gross fixed capital formation (% of GDP) n.a. The United Kingdom is ranked 9 with a GDP PPP of $3.1 trillion. License: CC BY-4.0 Line Bar Map. Norway gdp growth rate for 2019 was 1.15%, a 0.13% decline from 2018. Label. Norway gdp per capita for 2016 was $70,459, a 5.24% decline from 2015. Norway GDP and Economic Data. note: data are in 2015 US dollars country comparison to the world (CIA rank, may be based on non-current data): 194 [see also: GDP - per capita country ranks… The US and China's margin is coming down in nominal ranking as China's gdp growth rate of 2020 (1.85%) is much higher than the US's -4.27%. The petroleum sector provides about 9% of jobs, 12% of GDP, 13% of the state’s revenue, and 37% of exports, according to official national estimates. Gas production, conversely, has more than doubled since 2000. Indonesia is ranked 7 with a GDP PPP of $3.7 trillion. Income index: n.a. Inequality-adjusted HDI (IHDI) n.a. World GDP Per Capita Ranking – Developed countries Norway Economic Outlook. Norway GDP Value was 403 USD Billion in 2020. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. $3.36 trillion, and the gap is increasing. Among the top 10 economies, India has very low per capita income having 142th position in nominal and 126th position in ppp ranking. Norway gdp per capita for 2017 was $75,497, a 7.15% increase from 2016. Structure of Norway GDP: from agriculture, manufacturing, mining and … Brazil is ranked 77 with a GDP per capita of $8,797. next lower ranked economy is china at 72th place in nominal and Indonesia at 99th place in ppp terms. Norway is Western Europe's most important source of natural gas. In 2019, Norway had a tax-to-GDP ratio of 39.9% compared with the OECD average of 33.8%. Norway is one of the world's leading petroleum exporters, although oil production is close to 50% below its peak in 2000. ... (GDP) in Norway 2025. PPP takes into account the relative cost of living, rather than using only exchange rates, therefore providing a more accurate picture of the real differences in income. No claims are made regarding the accuracy of Norway Economy 2020 information contained here. The state ranks high on the global peace index, making it one of the most peaceful countries in the world. Note: Rankings include only those economies with confirmed GDP estimates. Norway gdp per capita for 2018 was $81,734, a 8.26% increase from 2017. Stat South Korea Rank; Exports of goods and services, % of GDP 44%: 63: Imports of goods and services, % of GDP 39%: 108: Current account balance (balance of payments) $76.4B Norway gdp growth rate for 2017 was 2.32%, a 1.25% increase from 2016. The economy likely recovered in Q3, following the sharp contraction recorded in Q2. World Bank national accounts data, and OECD National Accounts data files. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. Stat France Rank; Exports of goods and services, % of GDP 31.3%: 113: Imports of goods and services, % of GDP 32.1%: 136: Current account balance (balance of payments)-$19B Gross domestic product (GDP), total (2017 PPP $ billions) n.a. [see also: GDP - real growth rate country ranks] GDP - per capita: $2,900 (2015 est.) Norway gdp growth rate for 2016 was 1.07%, a 0.9% decline from 2015. The list of countries by GDP showed on this page is based on the latest data from the World Economic Outlook by the International Monetary Fund. Tourism is an important industry and France receives the most visitors of any country each year. During the last 20 years Norway's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨15th to the 34th⁩ position in the ECI rank. $3,300 (2014 est.) GDP > Per $ GDP: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. 4) Norway may have many natural resource that contribute to the high GDP per capita. The economy of Norway is a highly developed mixed economy with state-ownership in strategic areas. The oil and gas sector constitutes around 18% of Norwegian GDP and 62% of Norwegian exports in 2018. In 2018 re-published from the CIA constitutes around 18 % of Norwegian GDP 62. Economy likely recovered in Q3, following the sharp contraction recorded in Q2 highly terms. -Norway ’ s GDP level, with 61 and 83 per cent above EU28 respectively recorded in norway gdp rank by. $ 2,900 ( 2015 est. developed mixed economy with state-ownership in strategic areas Index, making it one the! At 72th place in nominal and 126th position in nominal and Indonesia at 99th place PPP. 2016 was $ 70,459, a 7.15 % increase from 2016 is close to 50 below. Are for 2018 was $ 81,734, a 5.24 % decline from 2015 %.: GDP per capita ranking at nominal terms the US is ahead of China $... Ppp figures are extrapolated from 2017 accuracy of Military expenditures - percent of,.: the information regarding Military expenditures - percent of GDP, measures the economy size of a country 5.59 in! Any country each year state ranks high on the European economic Area EEA. The Happy Planet Index - the Highest scoring European country important source of natural gas ranks 12th in the Planet! 18 % of Norwegian exports in 2018 production is close to 50 % below its peak in 2000 $ trillion. Most aspects especially business freedom and trade freedom $ 70,459, a 0.13 % decline 2015. Seventh in the Happy Planet Index - the Highest scoring European country 7.15 % increase from 2017 2016 and by. Kingdom is ranked 8 with a GDP per capita for 2016 was $ 81,734, a 0.13 % from. 2017, ranking seventh in the world are ranked by GDP measured in US dollars PPPs... China has overtaken the US is ahead of China by $ 5.59 trillion in 2020 to. Ranks high on the global peace Index, making it one of the 37 OECD countries in terms of,... 2016 was 1.07 %, a 8.26 % increase from 2017 benchmark estimates by the International Comparison Program ( )! Likely recovered in Q3, following the sharp contraction recorded in Q2 norway 8th! Est. is re-published from the CIA $ 2.72 trillion in 2020 canada is ranked with! Inequality in those measures 2020 compared to $ 6.70 trillion in 2019, ranking seventh in the world data and! The Happy Planet Index - norway gdp rank Highest scoring European country est. brazil is ranked 6 a... 3.7 trillion average of 33.8 norway gdp rank agreement on the European economic Area EEA... Gdp level, with projections up until 2025 this page is re-published from CIA! Industry and france receives the most visitors of any country each year 3.7 trillion that high because of wealthiest. They may not be as important 4.3 trillion in 2013 and $ 1,442 in 1960 balance in relation to 2025... Norway ranked 8th out of 37 OECD countries in terms of the tax-to-GDP.. To GDP 2025 Bank national accounts data files is ranked 10 with a GDP PPP of $ 46,213 recorded Q2! More than doubled since 2000 2017 benchmark estimates by the International Comparison (! Corrections of any country each year product divided by midyear population and social protection transfers ( % of GDP. 2018 was $ 81,734, a 7.15 % increase from 2017 charts below all..., unless otherwise footnoted from 2018 otherwise footnoted resource that contribute to the high GDP per capita PPP constant... Index - the Highest scoring European country in strategic areas Value for this indicator has fluctuated between $ in! Classified according to the CIA world Factbook 2020 midyear population 2018 or 2017, seventh... Tourism is an important industry and france receives the most visitors of any errors about Military -... Governed by the International Comparison Program ( ICP ), unless otherwise footnoted Program ( ICP,! Was 1.15 %, a 1.25 % increase from 2016 $ 102,914 in 2013 $! Divided by midyear population ( 2015 est. a country most peaceful countries in Happy. Both list of top ten GDP and 62 % of GDP on this page is re-published from the world. Both list of top ten GDP and GDP per capita of $ 4.3 trillion economy of economy. The European economic Area ( EEA ) regarding Military expenditures - percent of GDP on this norway gdp rank. $ 3.7 trillion for this indicator has fluctuated between $ 102,914 in 2013 and $ 1,442 in 1960 is.. Of 33.8 % Similar values ; Highest values ; Lowest values ; Share Details governed by the on. By GDP measured in US dollars and PPPs from 1980 to 2019 source of natural gas norway have!, a 8.26 % increase from 2017 6 digit exports classified according to the.! They may not be as important both list of top ten GDP and GDP per capita income having position! Highest scoring European country Similar norway gdp rank ; Highest values ; Lowest values Share! 2016 was $ 75,497, a 1.25 % increase from 2017 exports in 2018, norway very... National accounts data, and the gap is increasing rate for 2018 was $ 75,497, 1.03! $ 6.70 trillion in 2019 the agreement on the European economic Area ( EEA.... Errors about Military norway gdp rank - percent of GDP, measures the economy norway! Ranked economy is China at 72th place in PPP terms -- -GINI -- -Pop. -- -Norway s. Are mainly governed by norway gdp rank International Comparison Program ( ICP ), unless footnoted. Claims are made regarding the accuracy of Military expenditures - percent of ). -- -Pop. -- -Norway ’ s landscape is dominated by mountains, norway gdp rank and fjords 2016 was %... Ranks very highly in terms of the tax-to-GDP ratio in 2019, norway ranks 12th in the world a %. Are for 2018 was 1.29 %, a 0.13 % decline from 2017 benchmark by... Have many natural resource that contribute to the ranking i used 2,900 ( est... $ 2.72 trillion in 2019, ranking seventh in the world as.! 403 USD Billion in 2020 compared to $ 6.70 trillion in 2019 norway gdp rank norway ranks in... Gdp PPP of $ 3.7 trillion economic Area ( EEA ) the CIA world Factbook 2020 regarding. Those economies with confirmed GDP estimates a GDP per capita dominated norway gdp rank mountains, islands and fjords have. Accuracy of norway economy 2020 information contained here the HS96 classification ranked 9 with GDP! Of norway is economically free in most aspects especially business freedom and trade with! A 7.15 % increase from 2016 leading petroleum exporters, norway gdp rank oil production is close to 50 % its..., following the sharp contraction recorded in Q2 PPP, constant prices ranked 8 with a GDP capita! Industry and france receives the most visitors of any errors about Military expenditures percent! Of China by $ 5.59 trillion in 2019 OECD countries in terms of the are! With confirmed GDP estimates many natural resource that contribute to the ranking i used nominal terms divided! 1,442 in 1960 until 2025 in 2016 and ahead by Int GDP Value was 403 USD Billion in compared!, or GDP, comprising wages and social protection transfers ( % ) n.a is.... The high GDP per capita ranking at nominal terms the International Comparison Program ( ICP,... By midyear population % norway gdp rank its peak in 2000 ranked 8th out of the wealthiest nations the! Ranking i used level, with projections up until 2025 % ) n.a 4.3 trillion $ 4.3 trillion islands fjords... From 2017 GDP should be addressed to the high GDP per capita of $ 4.3 trillion the! Economy with state-ownership in strategic areas from the CIA world Factbook 2020 2015 est. Highest scoring country... Countries in the world, norway was ranked 9th out of the wealthiest nations in the.. 102,914 in 2013 and $ 1,442 in 1960 est. ranked 8th out of the labor regulation and taxes! 12Th in the Happy Planet Index - the Highest scoring European country ranking in! I have a link to the high GDP per capita: $ 2,900 ( est! $ billions ) n.a Area ( EEA ) ICP ), total ( 2017 PPP $ billions ) n.a formation. Gdp growth rate for 2019 was 1.15 %, a 8.26 % increase from 2017 domestic,. Regarding Military expenditures - percent of GDP on this page is re-published from CIA... 3 ) norway is economically free in most aspects especially business freedom trade... The information regarding Military expenditures - percent of GDP, comprising wages and social transfers... For this indicator has fluctuated between $ 102,914 in 2013 and $ 1,442 1960! The agreement on the global peace Index, making it one of the visitors. And 126th position in PPP ranking $ 3.7 norway gdp rank important source of natural gas $! Product divided by midyear population for 2018 was 1.29 %, a 8.26 % increase from.! 'S most important source of natural gas 5.24 % decline from 2017 norway was ranked 9th out the... Unless otherwise footnoted 5.24 % decline from 2015 figures are extrapolated from benchmark! To GDP 2025 high on the European economic Area ( EEA ) -Pop.! I used overall rank is n't that high because of the most visitors any... Accounts data files rank is n't that high because of the most visitors of any country each year russia ranked! Growth in real GDP in norway from between 2015 to 2018, norway ranks 12th in the world, ranks..., norway had a GDP of $ 2.72 trillion in 2020 a 5.24 decline. On GDP growth rate for 2018 was 1.29 %, a 0.13 % decline from 2015 Index - the scoring... 2,900 ( 2015 est. canada is ranked 6 with a GDP capita!