Norway 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$367.63 billion
↓ 10.06% vs 2019GDP per Capita
$68,340.02
↓ 10.59% vs 2019GDP Growth (Annual %)
-1.28%
↓ 2.40pp vs 2019Inflation Rate (CPI %)
1.29%
↓ 0.88pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $408.74 billion | $367.63 billion | -10.06% |
| GDP per Capita | $76,430.59 | $68,340.02 | -10.59% |
| GDP Growth (Annual %) | 1.12% | -1.28% | -2.40pp |
| Inflation (CPI %) | 2.17% | 1.29% | -0.88pp |
| Unemployment Rate (%) | 3.68% | 4.42% | +0.74pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $367.63 billion
- GDP per Capita
- $68,340.02
- GDP Growth (Annual %)
- -1.28%
- Gross National Income
- $382.83 billion
Prices & Employment
- Inflation (CPI %)
- 1.29%
- Inflation (GDP Deflator %)
- -2.52%
- Unemployment Rate (%)
- 4.42%
- Interest Rate (Real %)
- 5.35%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 1.15%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Norway's Gross Domestic Product (GDP) is $367.63 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Norway for 2020 is $68,340.02. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Norway for 2020 is 1.29%. This measures the annual percentage change in the cost of consumer goods and services.
Norway's annual GDP growth rate for 2020 is -1.28%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Norway for 2020 is 4.42%. This represents the percentage of the labor force that is unemployed and actively seeking employment.