General profile: Norway

GENERAL INFORMATION FOR 2021
Population
Population
Exchange rates
Exchange rate
GDP
GDP
5.403 Millions
8.590 NOK/US$
479 744 Millions current US$
Land area
Land area¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 364 285 km²
3.48 %
3.25 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+89.6 %
Merchandise exports growth rate in 2021
Total merchandise trade
(millions of US$)
2005
2010
2015
2021
Merchandise exports
103 759
130 657
103 915
160 106
Merchandise imports
55 488
77 330
76 424
97 764
Merchandise trade balance
48 271
53 327
27 491
62 342
Export structure by product group in 2021
(as % of total exports)
1 %1 %15 %15 %69 %69 %6 %6 %10 %10 %
Top 5 partners in 2021
(exports, millions of US$)
33 17130 92012 78212 59911 66633 17130 92012 78212 59911 666
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2021
Services exports
29 834
41 453
41 647
40 301
Services imports
29 128
45 073
47 269
41 362
Services trade balance
706
-3 620
-5 622
-1 061
Services exports by main category²
(as % of total services)
2005
2010
2015
2021
Transport
54.6
44.1
43.5
43.8
Travel
11.7
11.3
11.7
4.8
Other services
32.1
42.8
42.8
48.7
TRADE INDICES
More data on UNCTADstat
129799410897881001151221291241131051371181201078981808381113739310797891001191301311281121011261101141008274737881
ECONOMIC TRENDS
More data on UNCTADstat
+3.3 %
Gross domestic product growth rate in 2021
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2021
GDP, current
308 884
428 757
385 802
479 744
GDP per capita, current US$
66 805
87 685
74 330
88 792
Real GDP growth, y-on-y, %
2.63
0.70
1.97
3.25
Current account balance, % of GDP
16.18
11.72
8.06
14.91
Exchange rate (/US$)
6.443
6.044
8.064
8.590
GDP by expenditure in 2020
(as % of total GDP)
43.826.530.132.533.043.826.530.132.533.0
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.3 %
FDI outflows as % of GDP in 2021
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2021
FDI inflows
-2 273.65
14 018.14
-2 514.95
-1 628.06
FDI outflows
17 184.79
19 250.95
30 947.76
1 382.07
Personal remittances, % of GDP
0.16
0.16
0.16
..
Financial flows trends
(millions of US$)
578.0616.6644.3615.8593.6608.9759.9791.5766.5765.0680.0631.5685.0616.7528.8505.3465.0391.7332.6279.0270.4-1 628-1 32616 715226-5 849-3 900-2 5155 5301 97614 65511 39014 01819 4798 9592 1688 062-2 2749542 4501 1922 5066 409FDI 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
2021
Balance, % of GDP
15.98
11.55
5.63
12.32
Balance, % of imports
58.79
40.94
17.60
42.10
Normalized balance
0.227
0.170
0.081
0.174
Trade openness²
(sum of imports and exports as % of GDP)
7165717069697069676868686775737270
LIVING AREA
Population by living area in 2021
(% of population)
Urban
83%Urban 83%Rural
17%Rural 17%
OTHER INDICATORS
More data on UNCTADstat
1.138 %
Share of the total world merchant fleet in 2021
Maritime transport indicators
 
2005
2010
2015
2021
Merchant fleet, national flag (thousands of DWT)
24 243
20 811
19 517
24 300
Liner shipping connectivity index (maximum 2006 = 100 for China)
..
9.28
10.29
10.52
Container port throughput (TEU)
..
531 100
786 500
..
Information economy indicators
(as % of)
2005
2010
2015
2021
Share of ICT goods, % of total exports
1.22
1.43
1.08
0.74
Share of ICT goods, % of total imports
8.77
7.45
6.62
6.72
Share of workforce involved in the ICT sector
..
(r) 6.01
5.05
7.02
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).
q
Estimated. Data refers to 2020.
r
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.

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Generation date: 20 October 2022