Norway: Household consumption, in dollars

* indicates monthly or quarterly data series
 Norway

Household consumption, billion USD

 Latest value 182.15
 Year 2023
 Measure billion U.S. dollars
 Data availability 1970 - 2023
 Average 93.22
 Min - Max 6.66 - 210.11
 Source The World Bank
The latest value from 2023 is 182.15 billion U.S. dollars, a decline from 188.9 billion U.S. dollars in 2022. In comparison, the world average is 221.09 billion U.S. dollars, based on data from 131 countries. Historically, the average for Norway from 1970 to 2023 is 93.22 billion U.S. dollars. The minimum value, 6.66 billion U.S. dollars, was reached in 1970 while the maximum of 210.11 billion U.S. dollars was recorded in 2013. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Norway - Household consumption, in dollars - Recent values chart

Historical series
Norway - Household consumption, in dollars - historical chart - 1970-2023




Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.

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 Related indicators Latest Reference Measure
 Capital investment, percent of GDP 25.84 2023 percent
 Capital investment, in dollars 125.47 2023 billion U.S. dollars
 Household consumption, percent of GDP 37.52 2023 percent
 Household consumption, in dollars 182.15 2023 billion U.S. dollars
 Household consumption 510.21 Q2/2024 billion
 Consumption as percent of GDP 39.36 Q2/2024 percent
 Consumption growth 5.33 Q2/2024 percent
 Investment 301.97 Q2/2024 billion
 Investment as percent of GDP 23.30 Q2/2024 percent
 Investment growth 2.44 Q2/2024 percent
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