GDP

GDP of Norway in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
nor

MENU

GDP Summary

“Norway with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 105826, and the growth rate in 2022 is 3.3%.”

Population

5.348 million

Land Size

365107.85 km²

GDP

579.42 billion

GDP Per Capita

105826 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
32.6%
Government Expneidutre
18.7%
Capital Formation
19.8%
Export
55.8%
Import
27.3%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
2.1%
Industry
29.2%
Manufacturing
7.3%
Service
68.7%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast after 2023

Economic Development

Unemployment

3.3 %

Inflation

5.8 %

Urbanization

82.6 %

TFR

1.5 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %