Norway: Gross Domestic Product (GDP)
* indicates monthly or quarterly data series
The most recent value is 1296.1 billion Norwegian Krone as of Q2 2024, an increase compared to the previous value of 1267 billion Norwegian Krone. Historically, the average for Norway from Q1 1978 to Q2 2024 is 471.38 billion Norwegian Krone. The minimum of 56.58 billion Norwegian Krone was recorded in Q1 1978, while the maximum of 1577.8 billion Norwegian Krone was reached in Q3 2022.
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* indicates monthly or quarterly data series
- Measure: billion Norwegian Krone
- Source: Eurostat
| Recent values | Norway: GDP, billion currency units |
|---|---|
| 2024 Q2 | 1296.1 |
| 2024 Q1 | 1267 |
| 2023 Q4 | 1367.34 |
| 2023 Q3 | 1201.58 |
| 2023 Q2 | 1223.75 |
| 2023 Q1 | 1333.83 |
| 2022 Q4 | 1448.5 |
| 2022 Q3 | 1577.8 |
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Definition: The Gross Domestic Product (GDP) is the sum of the gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. The data are in billion local currency units using current prices.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Economic growth | 0.51 | 2023 | percent |
| GDP, constant dollars | 435.7 | 2023 | billion U.S. dollars |
| GDP, current U.S. dollars | 485.51 | 2023 | billion U.S. dollars |
| GDP per capita, current dollars | 87,961.78 | 2023 | U.S. dollars |
| GDP per capita, PPP | 90,501 | 2023 | U.S. dollars |
| GDP per capita, constant dollars | 78,939.41 | 2023 | U.S. dollars |
| Productivity, relative to the U.S. | 176.88 | 2022 | index points |
| Productivity, current USD | 136.7 | 2023 | USD per hour worked |
| Economic growth, quarterly | 2.60 | Q2/2024 | percent |
| Economic growth Q-on-Q | 1.40 | Q2/2024 | percent |
| Gross Domestic Product (GDP) | 1,296.10 | Q2/2024 | billion |