General profile: Norway

GENERAL INFORMATION FOR 2020
Population
Population
Exchange rates
Exchange rate
GDP
GDP
5.421 Millions
9.416 NOK/US$
360 080 Millions current US$
Land area
Land area¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(n) 365 123 km²
1.29 %
-0.76 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-17.8 %
Merchandise exports growth rate in 2020
Total merchandise trade
(millions of US$)
2005
2010
2015
2020
Merchandise exports
103 759
130 657
103 915
84 459
Merchandise imports
55 488
77 330
76 424
80 447
Merchandise trade balance
48 271
53 327
27 491
4 012
Export structure by product group in 2020
(as % of total exports)
1 %1 %23 %23 %51 %51 %9 %9 %15 %15 %
Top 5 partners in 2020
(exports, millions of US$)
14 4089 6348 1808 1706 41814 4089 6348 1808 1706 418
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2020
Services exports
29 834
41 453
41 647
35 543
Services imports
29 128
45 073
47 269
36 968
Services trade balance
706
-3 620
-5 622
-1 424
Services exports by main category²
(as % of total services)
2005
2010
2015
2020
Transport
54.6
44.1
43.5
42.1
Travel
11.7
11.3
11.7
5.0
Other services
32.1
42.8
42.8
50.0
TRADE INDICES
More data on UNCTADstat
809410897881001151221291241131051371181201078981808381729410797891001191301311281121011261101141008274737881
ECONOMIC TRENDS
More data on UNCTADstat
-0.8 %
Gross domestic product growth rate in 2020
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
GDP, current
308 884
428 757
385 802
360 080
GDP per capita, current US$
66 680
87 754
74 195
66 420
Real GDP growth, y-on-y, %
2.63
0.70
1.97
-0.76
Current account balance, % of GDP
16.18
11.72
8.06
..
Exchange rate (/US$)
6.443
6.044
8.064
9.416
GDP by expenditure in 2019
(as % of total GDP)
44.824.429.036.935.244.824.429.036.935.2
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
..
FDI outflows as % of GDP in 2020
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
FDI inflows
2 180.52
17 043.86
-1 932.00
..
FDI outflows
23 677.92
23 238.92
32 430.86
..
Personal remittances, % of GDP
0.16
0.16
0.16
..
Financial flows trends
(millions of US$)
614.1644.3615.8593.6608.9759.9791.5766.5765.0680.0631.5685.0616.7528.8505.3465.0392.0333.0279.0270.04 2982 087-2 577-4 667-1 9327 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 indicators²
(as % and index)
2005
2010
2015
2020
Balance, % of GDP
15.98
11.55
5.66
..
Balance, % of imports
58.79
40.94
17.66
..
Normalized balance
0.227
0.170
0.081
..
Trade openness²
(sum of imports and exports as % of GDP)
707169697069676868686775737270
LABOUR FORCE
Labour force by gender in 2020
(as % of total labour force, all sectors)
Male
53%Male 53%Female
47%Female 47%
OTHER INDICATORS
More data on UNCTADstat
1.117 %
Share of the total world merchant fleet in 2020
Maritime transport indicators
 
2005
2010
2015
2020
Merchant fleet, national flag (thousands of DWT)
24 243
20 811
19 517
23 144
Liner shipping connectivity index (maximum 2006 = 100 for China)
..
9.27
10.27
10.64
Container port throughput (TEU)
..
531 100
786 500
..
Information economy indicators
(as % of)
2005
2010
2015
2020
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).
n
Estimated. Data refers to 2016.
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: 22 July 2021