Norway

Norway's economy is still smaller than it was at its peak. US$ GDP reached US$530.8 billion in 2025, up 6.0%, yet remains below the US$617.3 billion recorded in 2022. Real growth was a slower +1.1%, and the country held 32nd place, between Thailand and Vietnam.

With a population of 5.6 million, Norway ranks 7th of 196 on GDP per capita, at US$94,594, and 7th again in PPP terms at $104,044 international dollars. Services make up 55.0% of output and industry 34.5%, while manufacturing contributes just 6.1% of GDP and agriculture 1.6%.

Inflation ran at 3.0% and unemployment at 4.6%. Government gross debt stands at 54.0% of GDP, according to the IMF. The economy is 3.1 times its 2000 size of US$170.6 billion, when it ranked 27th, and is about the size of Indiana. The IMF projects GDP of US$651.2 billion by 2030, a +23% rise that would place Norway 36th.