What is the GDP of Norway?

Norway's GDP is approximately $483.6 billion USD. The GDP growth rate is 2.1%.

What is the population of Norway?

Norway has a population of approximately 5.6 million people. The population growth rate is 0.9%.

What is the inflation rate in Norway?

The inflation rate in Norway is 3.1%.

What is the unemployment rate in Norway?

The unemployment rate in Norway is 4.6%.

What is the GDP per capita of Norway?

Norway's GDP per capita is approximately $86,785 USD.

Is Norway a good country to invest in?

Norway has an investment score of 86/100, classified as "Safe" risk. Key sectors include Oil & Gas, Seafood & Aquaculture, Renewable Energy. Credit rating: AAA.

How open is Norway's economy to trade?

Norway's trade openness (trade as % of GDP) is 81%. Exports total approximately $229.7B and imports $163.8B.

How much foreign investment does Norway attract?

Foreign direct investment (FDI) in Norway is 2.5% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Norway?

Norway's economy is composed of services (52% of GDP), industry (37% of GDP), and agriculture (2% of GDP).

Can I start a business in Norway as a foreigner?

Norway offers various options for foreign entrepreneurs. Visit our business setup guide for Norway for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Norway's economy growing?

Norway's GDP growth rate is 2.1%. The economy is growing at a moderate pace.

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Norway Economy Overview

Name: Norway Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Europe & Central AsiaHigh IncomeCapital: OsloNOR

Safe

AAA

Growing

483.6B USD

GDP (Nominal)

Growing at 2.1%

$86,785

GDP Per Capita

High income level

5.6M

Population

+0.9% annual growth

Stable

3.1%

Inflation

Moderate

81%of GDP

Trade Openness

Strong

2.5%of GDP

FDI Inflows

Public Debt

Low

4.6%

Unemployment

Surplus

+$65.9B

Trade Balance

GDP

Billion USD, nominal

$483.6B

2024+0.6B

GDP Growth

Annual %

2.1%

2024+2.0%

Inflation

Consumer prices, annual %

3.1%

2024-2.4%

Population

Millions

5.6M

2024+0.1M

Economic Structure

Services52%

Industry37%

Agriculture2%

Investment Score Breakdown

Economic Health (30%)85

Political Safety (25%)95

Business Climate (20%)84

Financial Strength (15%)85

Growth Potential (10%)72

Key Sectors

Oil & Gas

18.5% of GDP

declining

Seafood & Aquaculture

3.8% of GDP

growing

Renewable Energy

5.2% of GDP

growing

Maritime & Shipping

6.8% of GDP

stable

Should I Invest in Norway?

Strong BuySetup: ModerateROI: Low

Norway scores 86/100 on the NationsData Investment Index, rated "Safe". Growth is subdued at 1.2%. Business setup takes approximately 33 days with a corporate tax rate of 22%.

Investment Score86/100

GDP Growth1.2%

Inflation3.2%

FDI/GDP1.5%

Public Debt42.5%

Political Stability1.1

Corporate Tax22%

Ease of Business#9

Strengths

+Exceptional political stability - low governance risk
+World-class business environment - fast registration, strong IP protection
+100% foreign ownership allowed - no local partner required
+Extensive tax treaty network (90 countries)
+Top 10 globally for ease of doing business (#9)
+Very low corruption - transparent business environment

Risks

Best For

Renewable Energy (growing, score: 88)Seafood & Aquaculture (growing, score: 85)Premium services and luxury brandsDigital businesses and SaaS

Also Consider

Luxembourg

Same region, similar income level

Germany

Same region, similar income level

Ireland

Same region, similar income level, faster growth (2.8%)

Netherlands

Same region, similar income level

Countries Similar to Norway

Based on investment profile, economic size, growth rate, and region

🇨🇭

Switzerland