Economic information

This page contains useful economic information prepared in view of the State Visit to the Kingdom of Norway. Below is an overview of the most important economic indicators. For more detailed information, please consult the notes available below in English.

Economic indicators for Norway - 2024

Economic structure (estimates)
GDP $483.6 billion
GDP GROWTH RATE 2.1%
INFLATION 3.1%
EXPORTS OF GOODS (FOB) $168.1 billion
IMPORTS OF GOODS (FOB) $98.7 billion
TRADE BALANCE $69.4 billion
POPULATION 5.6 million
UNEMPLOYMENT RATE 4.0%

 

Main clients
% of total
Main supplierS
% of total
UNITED KINGDOM 18.8 CHINA 12.1
GERMANY 15.5 SWEDEN 10.6
NETHERLANDS 10.6 GERMANY 10.6
SWEDEN 6.9 UNITED STATES 7.8
Main exports
% of total

PETROLEUM GASES AND OTHER GASEOUS HYDROCARBONS

32.2
CRUDE PETROLEUM OILS AND CRUDE OILS OBTAINED FROM BITUMINOUS MINERALS 29.6
FISH, FRESH OR CHILLED, EXCLUDING FISH FILLETS AND OTHER FISH MEAT 5.3
Main imports
% of total

MOTOR CARS AND OTHER MOTOR VEHICLES PRINCIPALLY DESIGNED FOR THE TRANSPORT OF PERSONS

5.7

PETROLEUM OILS AND OILS OBTAINED FROM BITUMINOUS MINERALS

4.7
AUTOMATIC DATA-PROCESSING MACHINES AND UNITS THEREOF; MAGNETIC OR OPTICAL READERS, MACHINES FOR TRANSCRIBING DATA ONTO DATA MEDIA IN CODED FORM AND MACHINES FOR PROCESSING SUCH DATA 3.7

 

Source: International Trade Centre+ IMF