Source | World Bank : Nominal (current), Nominal (constant), PPP (current), PPP (constant) |
IMF World Economic Outlook (April 2024) | |
Date | 31 Aug 2024 |
According to the IMF World Economic Outlook (April 2024), Norway's nominal GDP in 2024 is projected to be around $527 billion at current prices. Based on PPP, Norway's GDP in 2024 is forecast at 461 billion international dollars.
Norway has the 14th largest economy by GDP (nominal) and 19th by GDP (PPP) in Europe, the 31st largest by nominal GDP in the world, and 53rd by GDP (PPP).
Year | GDP (billions of $/Int. $) | |
---|---|---|
Nominal | PPP | |
2023 | 485.51 | 443.48 |
2024 | 526.95 | 461.11 |
2025 | 554.78 | 478.24 |
2026 | 564.34 | 495.54 |
2027 | 581.22 | 512.88 |
2028 | 597.96 | 529.87 |
2029 | 617.10 | 547.68 |
Year | GDP Nominal (billions of $) | GDP PPP (billions Int. $) | Share (%) to World | Rank/Total | ||||
---|---|---|---|---|---|---|---|---|
Current | Constant (2015) | Current | Constant (2021) | Nominal | PPP | Nominal | PPP | |
1960 | 5.20 | 68.79 | - | - | 0.381 | - | 25/104 | - |
1961 | 5.67 | 73.11 | - | - | 0.394 | - | 25/106 | - |
1962 | 6.11 | 75.17 | - | - | 0.396 | - | 24/108 | - |
1963 | 6.55 | 78.01 | - | - | 0.393 | - | 24/108 | - |
1964 | 7.21 | 81.92 | - | - | 0.394 | - | 24/108 | - |
1965 | 8.11 | 86.25 | - | - | 0.407 | - | 23/116 | - |
1966 | 8.75 | 89.52 | - | - | 0.406 | - | 23/117 | - |
1967 | 9.58 | 95.12 | - | - | 0.418 | - | 21/120 | - |
1968 | 10.23 | 97.27 | - | - | 0.413 | - | 21/121 | - |
1969 | 11.14 | 101.65 | - | - | 0.407 | - | 22/121 | - |
1970 | 12.81 | 103.62 | - | - | 0.427 | - | 22/141 | - |
1971 | 14.58 | 109.50 | - | - | 0.440 | - | 22/142 | - |
1972 | 17.36 | 115.34 | - | - | 0.453 | - | 21/142 | - |
1973 | 22.53 | 120.57 | - | - | 0.483 | - | 22/142 | - |
1974 | 27.15 | 125.30 | - | - | 0.507 | - | 23/142 | - |
1975 | 32.88 | 131.50 | - | - | 0.549 | - | 23/145 | - |
1976 | 35.94 | 139.16 | - | - | 0.552 | - | 25/145 | - |
1977 | 41.51 | 144.95 | - | - | 0.564 | - | 24/148 | - |
1978 | 46.52 | 150.56 | - | - | 0.535 | - | 25/147 | - |
1979 | 53.13 | 157.14 | - | - | 0.525 | - | 25/148 | - |
1980 | 64.44 | 164.31 | - | - | 0.564 | - | 25/155 | - |
1981 | 63.60 | 166.94 | - | - | 0.539 | - | 26/156 | - |
1982 | 62.65 | 167.33 | - | - | 0.538 | - | 26/158 | - |
1983 | 61.63 | 173.98 | - | - | 0.515 | - | 27/159 | - |
1984 | 62.06 | 184.51 | - | - | 0.499 | - | 25/161 | - |
1985 | 65.42 | 194.76 | - | - | 0.502 | - | 25/163 | - |
1986 | 78.69 | 202.63 | - | - | 0.513 | - | 24/163 | - |
1987 | 94.23 | 206.18 | - | - | 0.539 | - | 23/169 | - |
1988 | 101.90 | 205.66 | - | - | 0.521 | - | 25/172 | - |
1989 | 102.63 | 207.79 | - | - | 0.505 | - | 26/173 | - |
1990 | 119.79 | 211.81 | 78.25 | 242.83 | 0.525 | 0.265 | 28/188 | 50/186 |
1991 | 121.87 | 218.34 | 83.39 | 250.32 | 0.512 | 0.268 | 27/188 | 51/187 |
1992 | 130.84 | 226.15 | 88.34 | 259.27 | 0.514 | 0.272 | 26/191 | 50/188 |
1993 | 120.58 | 232.58 | 93.01 | 266.64 | 0.464 | 0.274 | 28/195 | 50/188 |
1994 | 127.13 | 244.34 | 99.79 | 280.12 | 0.455 | 0.279 | 29/196 | 50/189 |
1995 | 152.03 | 254.49 | 106.12 | 291.76 | 0.488 | 0.281 | 27/199 | 50/190 |
1996 | 163.52 | 267.29 | 117.49 | 306.43 | 0.513 | 0.294 | 27/199 | 49/190 |
1997 | 161.36 | 281.41 | 126.00 | 322.63 | 0.508 | 0.298 | 29/199 | 50/192 |
1998 | 154.23 | 288.92 | 124.96 | 331.24 | 0.487 | 0.286 | 27/201 | 50/192 |
1999 | 162.38 | 294.91 | 136.42 | 338.10 | 0.496 | 0.298 | 26/202 | 49/192 |
2000 | 171.46 | 304.70 | 166.11 | 349.32 | 0.507 | 0.337 | 26/203 | 47/194 |
2001 | 174.24 | 311.00 | 170.77 | 356.54 | 0.518 | 0.331 | 25/204 | 47/194 |
2002 | 195.92 | 315.28 | 172.71 | 361.46 | 0.561 | 0.319 | 23/208 | 47/195 |
2003 | 229.39 | 318.26 | 176.59 | 364.87 | 0.586 | 0.309 | 23/208 | 46/195 |
2004 | 265.27 | 331.04 | 195.95 | 379.52 | 0.601 | 0.317 | 22/208 | 47/195 |
2005 | 309.98 | 339.92 | 221.77 | 389.71 | 0.649 | 0.333 | 23/208 | 47/195 |
2006 | 346.92 | 348.29 | 253.40 | 399.30 | 0.670 | 0.347 | 23/209 | 47/196 |
2007 | 402.64 | 358.44 | 264.57 | 410.94 | 0.690 | 0.335 | 24/209 | 50/196 |
2008 | 464.92 | 360.17 | 295.98 | 412.92 | 0.726 | 0.354 | 24/210 | 46/199 |
2009 | 387.98 | 353.18 | 268.57 | 404.91 | 0.639 | 0.319 | 26/210 | 50/200 |
2010 | 431.05 | 355.96 | 284.65 | 408.09 | 0.648 | 0.317 | 25/210 | 50/200 |
2011 | 501.36 | 359.90 | 309.37 | 412.61 | 0.678 | 0.323 | 26/213 | 47/201 |
2012 | 512.78 | 369.68 | 330.09 | 423.82 | 0.678 | 0.327 | 24/211 | 46/199 |
2013 | 526.01 | 373.43 | 342.25 | 428.13 | 0.677 | 0.323 | 23/211 | 46/200 |
2014 | 501.74 | 381.08 | 340.77 | 436.90 | 0.628 | 0.310 | 26/212 | 48/199 |
2015 | 388.16 | 388.16 | 315.15 | 445.01 | 0.515 | 0.280 | 28/210 | 49/199 |
2016 | 370.96 | 392.68 | 310.30 | 450.19 | 0.484 | 0.265 | 29/210 | 51/198 |
2017 | 401.75 | 402.36 | 340.84 | 461.28 | 0.493 | 0.276 | 28/210 | 50/199 |
2018 | 439.79 | 405.69 | 373.18 | 465.11 | 0.507 | 0.283 | 27/210 | 49/199 |
2019 | 408.74 | 410.25 | 379.38 | 470.33 | 0.465 | 0.272 | 29/210 | 50/199 |
2020 | 367.63 | 405.01 | 361.02 | 464.32 | 0.430 | 0.260 | 32/209 | 52/198 |
2021 | 503.37 | 420.84 | 482.47 | 482.47 | 0.516 | 0.310 | 26/208 | 49/198 |
2022 | 593.73 | 433.49 | 678.06 | 496.97 | 0.587 | 0.394 | 23/202 | 42/194 |
2023 | 485.51 | 435.71 | 576.58 | 499.53 | 0.460 | 0.312 | 31/186 | 47/184 |