Norway 2021
Detailed economic analysis and indicators for 2021
Key Economic Indicators (2021)
GDP (Current USD)
$503.37 billion
↑ 36.92% vs 2020GDP per Capita
$93,072.89
↑ 36.19% vs 2020GDP Growth (Annual %)
3.91%
↑ 5.19pp vs 2020Inflation Rate (CPI %)
3.48%
↑ 2.20pp vs 2020Year-over-Year Comparison
| Indicator | 2020 | 2021 | Change |
|---|---|---|---|
| GDP (Current USD) | $367.63 billion | $503.37 billion | +36.92% |
| GDP per Capita | $68,340.02 | $93,072.89 | +36.19% |
| GDP Growth (Annual %) | -1.28% | 3.91% | +5.19pp |
| Inflation (CPI %) | 1.29% | 3.48% | +2.20pp |
| Unemployment Rate (%) | 4.42% | 4.36% | -0.07pp |
All Economic Indicators (2021)
National Accounts
- GDP (Current USD)
- $503.37 billion
- GDP per Capita
- $93,072.89
- GDP Growth (Annual %)
- 3.91%
- Gross National Income
- $502.22 billion
Prices & Employment
- Inflation (CPI %)
- 3.48%
- Inflation (GDP Deflator %)
- 20.21%
- Unemployment Rate (%)
- 4.36%
- Interest Rate (Real %)
- -14.92%
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)
- 14.80%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2021, Norway's Gross Domestic Product (GDP) is $503.37 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Norway for 2021 is $93,072.89. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Norway for 2021 is 3.48%. This measures the annual percentage change in the cost of consumer goods and services.
Norway's annual GDP growth rate for 2021 is 3.91%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Norway for 2021 is 4.36%. This represents the percentage of the labor force that is unemployed and actively seeking employment.