Norway 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$485.31 billion
↓ 18.26% vs 2022GDP per Capita
$87,925.09
↓ 19.19% vs 2022GDP Growth (Annual %)
0.48%
↓ 2.53pp vs 2022Inflation Rate (CPI %)
5.52%
↓ 0.25pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $593.73 billion | $485.31 billion | -18.26% |
| GDP per Capita | $108,798.45 | $87,925.09 | -19.19% |
| GDP Growth (Annual %) | 3.01% | 0.48% | -2.53pp |
| Inflation (CPI %) | 5.76% | 5.52% | -0.25pp |
| Unemployment Rate (%) | 3.23% | 3.57% | +0.34pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $485.31 billion
- GDP per Capita
- $87,925.09
- GDP Growth (Annual %)
- 0.48%
- Gross National Income
- $507.85 billion
Prices & Employment
- Inflation (CPI %)
- 5.52%
- Inflation (GDP Deflator %)
- -10.62%
- Unemployment Rate (%)
- 3.57%
- Interest Rate (Real %)
- 17.82%
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)
- 17.33%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Norway's Gross Domestic Product (GDP) is $485.31 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Norway for 2023 is $87,925.09. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Norway for 2023 is 5.52%. This measures the annual percentage change in the cost of consumer goods and services.
Norway's annual GDP growth rate for 2023 is 0.48%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Norway for 2023 is 3.57%. This represents the percentage of the labor force that is unemployed and actively seeking employment.