General profile: Norway

GENERAL INFORMATION FOR 2017
Population
Population
Exchange rates
Exchange rate
GDP
GDP
5.305 Millions
8.272 NOK/US$
396 399 Millions current US$
Land area
Land area ¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(m) 365 245 km²
1.88 %
1.80 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+16.3 %
Merchandise exports growth rate in 2017
Total merchandise trade
(millions of US$)
2005
2010
2015
2017
Merchandise exports
103 759
130 657
103 809
104 098
Merchandise imports
55 488
77 330
76 387
82 900
Merchandise trade balance
48 271
53 327
27 421
21 198
Export structure by product group in 2017
(as % of total exports)
1 %1 %20 %20 %60 %60 %7 %7 %12 %12 %
Top 5 partners in 2017
(exports, millions of US$)
21 52315 82310 1356 7396 57021 52315 82310 1356 7396 570
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services ²
(millions of US$)
2005
2010
2015
2017
Services exports
29 834
41 453
41 647
37 037
Services imports
29 128
45 073
47 269
49 039
Services trade balance
706
-3 620
-5 622
-12 002
Services exports by main category ²
(as % of total services)
2005
2010
2015
2017
Transport
54.6
44.1
43.5
40.9
Travel
11.7
11.3
11.7
14.6
Other services
32.1
42.8
42.8
42.3
TRADE INDICES
More data on UNCTADstat
120120109109123123143143144144155155152152139139129129169169145145148148132132110110999998981021021001001191191101101231231481481531531581581571571391391291291561561361361411411231231011019191909096961001001201091231431441551521391291691451481321109998102100119110123148153158157139129156136141123101919096100
ECONOMIC TRENDS
More data on UNCTADstat
+1.8 %
Gross domestic product growth rate in 2017
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2017
GDP, current
308 722
429 131
386 663
396 399
GDP per capita, current US$
66 645
87 831
74 361
74 716
Real GDP growth, y-on-y, %
2.62
0.69
1.97
1.80
Current account balance, % of GDP
16.19
11.71
8.04
5.51
Exchange rate (/US$)
6.443
6.044
8.064
8.272
GDP by expenditure in 2016
(as % of total GDP)
45.524.329.334.133.345.524.329.334.133.3
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
-0.7 %
FDI outflows as % of GDP in 2017
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2017
FDI inflows
2 180.52
17 043.86
-1 121.38
-8 296.88
FDI outflows
23 677.92
23 238.92
27 668.08
-2 930.49
Personal remittances, % of GDP
0.16
0.16
0.16
0.15
Financial flows trends
(millions of US$)
614.1614.1593.6593.6608.9608.9759.9759.9791.5791.5766.5766.5765.0765.0680.0680.0631.5631.5685.0685.0616.7616.7528.8528.8505.3505.3465.0465.0391.7391.7332.6332.6279.0279.0270.4270.4-8 297-8 297-4 668-4 668-1 121-1 1217 9877 9874 6114 61118 77418 77415 25015 25017 04417 04416 64116 64110 25110 2517 9887 98810 52610 5262 1812 1812 5442 5443 4713 4717917912 1232 1237 0907 090614.1593.6608.9759.9791.5766.5765.0680.0631.5685.0616.7528.8505.3465.0391.7332.6279.0270.4-8 297-4 668-1 1217 9874 61118 77415 25017 04416 64110 2517 98810 5262 1812 5443 4717912 1237 090FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators ²
(as % and index)
2005
2010
2015
2017
Balance, % of GDP
15.99
11.54
5.64
2.01
Balance, % of imports
58.79
40.94
17.65
6.12
Normalized balance
0.227
0.170
0.081
0.030
Trade openness ²
(sum of imports and exports as % of GDP)
68677068676868686675737270
LABOUR FORCE
More data on UNCTADstat
Labour force by gender in 2017
(as % of total labour force, all sectors)
Male
53%Male 53%Female
47%Female 47%
OTHER INDICATORS
More data on UNCTADstat
1.154 %
Share of the total world merchant fleet in 2017
Maritime transport indicators
 
2005
2010
2015
2017
Merchant fleet, national flag (thousands of DWT)
24 243
20 811
19 447
21 495
Liner shipping connectivity index (maximum 2004 = 100 for China)
8.31
7.93
4.75
6.99
Container port throughput (TEU)
..
646 900
744 400
826 500
Information economy indicators
(as % of)
2005
2010
2015
2017
Share of ICT goods, % of total exports
1.22
1.43
1.08
..
Share of ICT goods, % of total imports
8.77
7.45
6.62
..
Share of workforce involved in the ICT sector
..
(o) 6.01
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
m
Estimated. Data refers to 2013.
o
Number of persons employed in full time equivalent units.Total business economy includes repair of computers, personal and household goods; except financial and insurance activities.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 19 November 2018