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Norway

76 series · 1516–2025 · High income · Europe & Central Asia

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National accounts

VariableCodeCoverageLatest
Nominal GDPMillions of local currencynGDP1816–20255,220,213 (2025)
Nominal GDP (USD)Millions of US dollarsnGDP_USD1819–2025502,509 (2025)
Real GDPMillions of local currencyrGDP1816–20253,585,135 (2025)
Real GDP per capitaConstant local currency per personrGDP_pc1816–2025635,425 (2025)
Real GDP (USD)Millions of US dollarsrGDP_USD1816–2025444,168 (2025)
DeflatorIndex, 2015 = 100deflator1816–2025145.6 (2025)
Real GDP per capita (USD)US dollars per personrGDP_pc_USD1816–202578,724 (2025)

Consumption and investment

VariableCodeCoverageLatest
Total consumptionMillions of local currencycons1950–20253,414,711 (2025)
Total consumption (% of GDP)Percent of GDPcons_GDP1950–202565.4 (2025)
Total consumption (USD)Millions of US dollarscons_USD1950–2025328,707 (2025)
Household consumptionMillions of local currencyhcons1950–20252,169,561 (2025)
Household consumption (% of GDP)Percent of GDPhcons_GDP1950–202541.6 (2025)
Household consumption (USD)Millions of US dollarshcons_USD1950–2025208,846 (2025)
Government consumptionMillions of local currencygcons1950–20251,245,105 (2025)
Government consumption (% of GDP)Percent of GDPgcons_GDP1950–202523.9 (2025)
Government consumption (USD)Millions of US dollarsgcons_USD1950–2025119,856 (2025)
Gross capital formationMillions of local currencyinv1830–20251,204,623 (2025)
Gross capital formation (% of GDP)Percent of GDPinv_GDP1830–202523.1 (2025)
Gross capital formation (USD)Millions of US dollarsinv_USD1830–2025115,960 (2025)
Gross fixed capital formationMillions of local currencyfinv1865–20251,195,271 (2025)
Gross fixed capital formation (% of GDP)Percent of GDPfinv_GDP1865–202522.9 (2025)
Gross fixed capital formation (USD)Millions of US dollarsfinv_USD1865–2025115,059 (2025)

External sector

VariableCodeCoverageLatest
ExportsMillions of local currencyexports1827–20252,368,705 (2025)
Exports (% of GDP)Percent of GDPexports_GDP1827–202545.4 (2025)
Exports (USD)Millions of US dollarsexports_USD1827–2025228,016 (2025)
ImportsMillions of local currencyimports1827–20251,767,616 (2025)
Imports (% of GDP)Percent of GDPimports_GDP1827–202533.9 (2025)
Imports (USD)Millions of US dollarsimports_USD1827–2025170,154 (2025)
Current accountMillions of local currencyCA1865–2025729,126 (2025)
Current account (% of GDP)Percent of GDPCA_GDP1865–202514.0 (2025)
USD exchange rateLocal currency per US dollarUSDfx1819–202510.4 (2025)
Real effective exchange rateIndex, 2015 = 100REER1870–202588.6 (2025)
Current account (USD)Millions of US dollarsCA_USD1865–202570,187 (2025)

Government finances

VariableCodeCoverageLatest
Government expenditureMillions of local currencygovexp1865–20252,642,518 (2025)
General government expenditureMillions of local currencygen_govexp1881–20252,642,518 (2025)
General government expenditure (% of GDP)Percent of GDPgen_govexp_GDP1881–202550.6 (2025)
Central government expenditureMillions of local currencycgovexp1865–20252,114,186 (2025)
Central government expenditure (% of GDP)Percent of GDPcgovexp_GDP1865–202540.5 (2025)
Government revenueMillions of local currencygovrev1865–20253,132,128 (2025)
General government revenueMillions of local currencygen_govrev1875–20253,132,128 (2025)
Central government revenueMillions of local currencycgovrev1865–20252,693,630 (2025)
General government revenue (% of GDP)Percent of GDPgen_govrev_GDP1875–202560.0 (2025)
Central government revenue (% of GDP)Percent of GDPcgovrev_GDP1865–202551.6 (2025)
Government tax revenueMillions of local currencygovtax1865–20252,030,663 (2025)
General government tax revenueMillions of local currencygen_govtax1972–20252,030,663 (2025)
Central government tax revenueMillions of local currencycgovtax1865–20251,738,331 (2025)
General government tax revenue (% of GDP)Percent of GDPgen_govtax_GDP1972–202538.9 (2025)
Central government tax revenue (% of GDP)Percent of GDPcgovtax_GDP1865–202533.3 (2025)
Government deficit (% of GDP)Percent of GDPgovdef_GDP1865–202510.5 (2025)
General government deficit (% of GDP)Percent of GDPgen_govdef_GDP1881–202510.5 (2025)
General government deficitMillions of local currencygen_govdef1881–2025548,122 (2025)
Central government deficit (% of GDP)Percent of GDPcgovdef_GDP1865–202511.1 (2025)
Central government deficitMillions of local currencycgovdef1865–2025579,444 (2025)
Government debt (% of GDP)Percent of GDPgovdebt_GDP1880–202452.8 (2024)
General government debt (% of GDP)Percent of GDPgen_govdebt_GDP1880–202452.8 (2024)
General government debtMillions of local currencygen_govdebt1880–20242,692,741 (2024)
Central government debt (% of GDP)Percent of GDPcgovdebt_GDP1880–202414.9 (2024)
Central government debtMillions of local currencycgovdebt1880–2024758,681 (2024)
Government debtMillions of local currencygovdebt1880–20242,692,741 (2024)
Government deficitMillions of local currencygovdef1865–2025548,122 (2025)
Government expenditure (% of GDP)Percent of GDPgovexp_GDP1865–202550.6 (2025)
Government revenue (% of GDP)Percent of GDPgovrev_GDP1865–202560.0 (2025)
Government tax revenue (% of GDP)Percent of GDPgovtax_GDP1865–202538.9 (2025)

Money and interest rates

VariableCodeCoverageLatest
Short-term interest ratePercentstrate1819–20254.53 (2025)
Long-term interest ratePercentltrate1820–20253.95 (2025)
Central bank policy ratePercentcbrate1818–20254.00 (2025)
M0 (monetary base)Millions of local currencyM01819–2024129,347 (2024)
M1Millions of local currencyM11950–20252,976,973 (2025)
M2Millions of local currencyM21819–20202,553,501 (2020)
M3Millions of local currencyM32001–20243,192,854 (2024)

Prices and labor markets

VariableCodeCoverageLatest
House price indexIndex, 2015 = 100HPI1819–2025152.9 (2025)
Real house price indexIndex, 2015 = 100rHPI1819–2025111.0 (2025)
Consumer price indexIndex, 2015 = 100CPI1516–2025137.7 (2025)
InflationPercentinfl1517–20253.04 (2025)
PopulationMillions of peoplepop1800–20255.64 (2025)
Unemployment ratePercentunemp1904–20254.48 (2025)

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →