What is the current inflation rate in Norway?

Norway's consumer price inflation is 2.9% year-on-year as of Jul 2026.

How big is Norway's economy?

Norway's nominal GDP was $530.8B in 2025.

Norway's unemployment rate is 4.2% as of Jul 2026.

We use primary economic sources for every country. See our methodology page for how we source and verify it.

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
GDP, current prices, USD	$530.8B	$500.9B	$617.3B	$5.2B	Dec 2025	Annual
Real GDP growth, YoY	2.0%	2.0%	9.0%	-3.6%	Mar 2026	Quarterly
Inflation rate, CPI YoY	2.9%	2.7%	15.2%	-1.8%	Jul 2026	Monthly
Unemployment rate	4.2%	4.6%	6.8%	2.4%	Jul 2026	Monthly
Policy / benchmark interest rate	4.3%	4.3%	17.0%	0.0%	Aug 2026	Monthly
Government debt % GDP	45.0%	52.8%	54.0%	23.8%	Dec 2025	Annual

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
GDP From Agriculture	99.7%	97.1%	118.8%	28.4%	Jun 2026	Quarterly
GDP From Construction	103.7%	104.7%	114.4%	48.1%	Jun 2026	Quarterly
GDP, current prices, USD	$530.8B	$500.9B	$617.3B	$5.2B	Dec 2025	Annual
Full-Year GDP Growth	1.1%	1.4%	6.1%	-1.6%	Dec 2025	Annual
GDP From Manufacturing	109.1%	107.8%	109.1%	70.4%	Jun 2026	Quarterly
GDP per capita, PPP	Int$104,044	Int$105,657	Int$129,914	Int$18,392	Dec 2025	Annual
GDP per capita, current USD	$94,594	$89,889	$113,122	$1,444	Dec 2025	Annual
GDP, PPP, international $	Int$583.8B	Int$588.8B	Int$709.0B	Int$78.0B	Dec 2025	Annual
GDP From Public Administration	119.2%	118.9%	119.2%	42.7%	Jun 2026	Quarterly
Real GDP growth, YoY	2.0%	2.0%	9.0%	-3.6%	Mar 2026	Quarterly

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Total population	5.6M	5.6M	5.6M	3.6M	Dec 2025	Annual
Unemployment rate	4.2%	4.6%	6.8%	2.4%	Jul 2026	Monthly

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Inflation rate, CPI YoY	2.9%	2.7%	15.2%	-1.8%	Jul 2026	Monthly
PPI / producer prices YoY	22.7%	16.9%	79.3%	-37.4%	Apr 2026	Monthly

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Policy / benchmark interest rate	4.3%	4.3%	17.0%	0.0%	Aug 2026	Monthly
Private credit / GDP	124.4%	122.5%	157.3%	96.4%	Dec 2024	Annual
Official / period-average FX vs USD	9.71 per USD	9.59 per USD	11.34 per USD	4.82 per USD	Jul 2026	Monthly
Foreign-exchange reserves (ex-gold)	$91.2B	$93.5B	$93.5B	$22.4B	Jun 2026	Monthly
Money supply M2	3.45T LCU	3.41T LCU	3.46T LCU	0.84T LCU	Nov 2025	Monthly

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
House Price Index	167	161	167	52.88	Mar 2026	Quarterly
House Price Index YoY	4.6%	5.7%	16.6%	-6.9%	Mar 2026	Quarterly

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Retail Sales MoM	-0.7%	1.6%	7.1%	-5.5%	Jul 2026	Monthly
Retail Sales YoY	-2.0%	-0.5%	14.6%	-10.7%	Jul 2026	Monthly

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Current account % GDP	14.0%	15.0%	27.9%	-12.2%	Dec 2025	Annual
Current Account Goods	$25.7B	$17.2B	$58.1B	$-1.9B	Mar 2026	Quarterly
Current Account Services	$-2.7B	$-2.8B	$791.0M	$-3.2B	Mar 2026	Quarterly
FDI inflows	$-7.8B	$12.1B	$27.9B	$-18.7B	Dec 2025	Annual
Personal remittances, received	$1.0B	$947.0M	$1.0B	$8.1M	Dec 2025	Annual
Tourism Revenues	$1.8B	$1.7B	$4.0B	$51.9M	Mar 2026	Quarterly
Exports	$182.4B	$182.3B	—	—	2025	Annual
Imports	$121.9B	—	—	—	2025	Annual

#	Name	Value 2025	Share	YoY
1	Germany	$41.7B	13.7%	+8.7%
2	Sweden	$36.7B	12.1%	-0%
3	United Kingdom	$33.8B	11.1%	-3.4%
4	Netherlands	$27.5B	9.0%	+0.1%
5	China	$17B	5.6%	+10%
6	Refined industrial goods	$14.1B	4.5%	+6.2%
7	Processed materials	$11.9B	3.8%	-3.1%
8	Specialty equipment	$9.7B	3.1%	+12%
9	Consumer products	$7.5B	2.5%	+0.7%
10	Intermediate goods	$5.3B	1.8%	-5.4%

FAQ

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Budget balance % GDP	9.3%	12.8%	24.7%	-2.5%	Dec 2025	Annual
Government debt % GDP	45.0%	52.8%	54.0%	23.8%	Dec 2025	Annual
Military expenditure	2.1%	1.8%	3.6%	1.4%	Dec 2024	Annual
Military expenditure, current USD	$10.4B	$8.8B	$10.4B	$148.1M	Dec 2024	Annual
Government Spending to GDP	49.6%	46.9%	54.5%	36.2%	Dec 2025	Annual
Tax revenue % GDP	24.5%	26.1%	30.3%	20.4%	Dec 2024	Annual

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Industrial production YoY	4.2%	1.1%	5.9%	-6.5%	Dec 2025	Annual

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Age-dependency ratio	53.9%	53.8%	60.0%	50.9%	Dec 2025	Annual
Total fertility rate	1.45 births per woman	1.40 births per woman	2.98 births per woman	1.40 births per woman	Dec 2024	Annual
Life expectancy at birth	83.16 years	83.01 years	83.21 years	73.08 years	Dec 2024	Annual
Working-age population	3.6M	3.6M	3.6M	2.3M	Dec 2025	Annual

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Hospital beds per 1,000	3.30 per 1,000 people	3.35 per 1,000 people	5.90 per 1,000 people	3.30 per 1,000 people	Dec 2023	Annual
Health expenditure % GDP	9.4%	7.9%	11.4%	7.7%	Dec 2023	Annual

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
CO2 emissions	40.00 Mt CO₂	41.60 Mt CO₂	47.98 Mt CO₂	32.55 Mt CO₂	Dec 2024	Annual
Energy use per capita	4,775 kg oil eq. per capita	4,885 kg oil eq. per capita	6,455 kg oil eq. per capita	4,651 kg oil eq. per capita	Dec 2024	Annual

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
ICT goods exports, % of goods exports	1.0%	0.8%	2.0%	0.5%	Dec 2024	Annual
ICT service exports, % of service exports	8.9%	8.1%	9.4%	1.6%	Dec 2025	Annual
Research & development expenditure % GDP	1.9%	1.6%	2.2%	1.4%	Dec 2023	Annual
High-technology exports, % of manufactured exports	25.4%	25.7%	25.7%	17.9%	Dec 2024	Annual