GDP (current LCU), annual growth rate in Norway
Norway: GDP (current LCU), annual growth rate was 1.89 % change on previous year in 2024. ◆ Volatile
GDP (current LCU), annual growth rate in Norway, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Norway recorded 1.89 % change on previous year for gdp (current lcu), annual growth rate in 2024.
Compared with earlier readings it is up 117.2% on the previous year and down 18.2% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Norway peaked at 32.59 % change on previous year in 2022 and was at its lowest, -11.01 % change on previous year, in 2023.
That places Norway 202nd out of 211 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), annual growth rate in Norway, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 12.42 % change on previous year | — |
| 1972 | 11.14 % change on previous year | -10.3% |
| 1973 | 13.61 % change on previous year | +22.2% |
| 1974 | 15.74 % change on previous year | +15.6% |
| 1975 | 14.28 % change on previous year | -9.3% |
| 1976 | 14.12 % change on previous year | -1.1% |
| 1977 | 12.67 % change on previous year | -10.3% |
| 1978 | 10.37 % change on previous year | -18.1% |
| 1979 | 10.32 % change on previous year | -0.5% |
| 1980 | 18.29 % change on previous year | +77.2% |
| 1981 | 14.68 % change on previous year | -19.7% |
| 1982 | 10.77 % change on previous year | -26.7% |
| 1983 | 11.21 % change on previous year | +4.1% |
| 1984 | 12.64 % change on previous year | +12.7% |
| 1985 | 11.04 % change on previous year | -12.6% |
| 1986 | 3.47 % change on previous year | -68.6% |
| 1987 | 9.1 % change on previous year | +162.4% |
| 1988 | 4.6 % change on previous year | -49.4% |
| 1989 | 6.71 % change on previous year | +45.8% |
| 1990 | 5.82 % change on previous year | -13.3% |
| 1991 | 5.36 % change on previous year | -7.8% |
| 1992 | 2.91 % change on previous year | -45.7% |
| 1993 | 5.2 % change on previous year | +78.7% |
| 1994 | 4.89 % change on previous year | -6.0% |
| 1995 | 7.34 % change on previous year | +50.1% |
| 1996 | 9.5 % change on previous year | +29.4% |
| 1997 | 8.22 % change on previous year | -13.5% |
| 1998 | 1.96 % change on previous year | -76.2% |
| 1999 | 8.83 % change on previous year | +351.2% |
| 2000 | 19.16 % change on previous year | +116.9% |
| 2001 | 3.82 % change on previous year | -80.1% |
| 2002 | -0.1634 % change on previous year | -104.3% |
| 2003 | 3.83 % change on previous year | -2445.6% |
| 2004 | 10.1 % change on previous year | +163.5% |
| 2005 | 11.68 % change on previous year | +15.7% |
| 2006 | 11.41 % change on previous year | -2.4% |
| 2007 | 6.08 % change on previous year | -46.7% |
| 2008 | 11.1 % change on previous year | +82.5% |
| 2009 | -6.96 % change on previous year | -162.7% |
| 2010 | 6.79 % change on previous year | -197.6% |
| 2011 | 7.85 % change on previous year | +15.7% |
| 2012 | 6.16 % change on previous year | -21.5% |
| 2013 | 3.6 % change on previous year | -41.6% |
| 2014 | 2.31 % change on previous year | -35.7% |
| 2015 | -0.9994 % change on previous year | -143.2% |
| 2016 | -0.4517 % change on previous year | -54.8% |
| 2017 | 6.64 % change on previous year | -1571.0% |
| 2018 | 7.63 % change on previous year | +14.8% |
| 2019 | 0.5693 % change on previous year | -92.5% |
| 2020 | -3.76 % change on previous year | -761.1% |
| 2021 | 24.91 % change on previous year | -762.0% |
| 2022 | 32.59 % change on previous year | +30.8% |
| 2023 | -11.01 % change on previous year | -133.8% |
| 2024 | 1.89 % change on previous year | -117.2% |
Norway compared with similar countries
- Norway's 1.89 % change on previous year is below the median for high income countries, which is 5.96 % change on previous year, 32% of the median. (82 countries reporting)
- Norway's 1.89 % change on previous year is below the median for Europe & Central Asia, which is 6.26 % change on previous year, 30% of the median. (55 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU), annual growth rate in Norway changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +2445.6% | -0.1634 % change on previous year | 3.83 % change on previous year |
| 2017 | +1571.0% | -0.4517 % change on previous year | 6.64 % change on previous year |
| 2021 | +762.0% | -3.76 % change on previous year | 24.91 % change on previous year |
| 2020 | -761.1% | 0.5693 % change on previous year | -3.76 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.74 % change on previous year | 10.32 % change on previous year | 15.74 % change on previous year | 9 |
| 1980s | 10.25 % change on previous year | 3.47 % change on previous year | 18.29 % change on previous year | 10 |
| 1990s | 6 % change on previous year | 1.96 % change on previous year | 9.5 % change on previous year | 10 |
| 2000s | 7.01 % change on previous year | -6.96 % change on previous year | 19.16 % change on previous year | 10 |
| 2010s | 4.01 % change on previous year | -0.9994 % change on previous year | 7.85 % change on previous year | 10 |
| 2020s | 8.92 % change on previous year | -11.01 % change on previous year | 32.59 % change on previous year | 5 |
Countries ranked near Norway
- 199 Tonga 2.06 % change on previous year compare
- 200 Guinea-Bissau 1.99 % change on previous year compare
- 201 Brunei 1.9 % change on previous year compare
- 203 Austria 1.84 % change on previous year compare
- 204 Saudi Arabia 1.55 % change on previous year compare
- 205 Finland 1.55 % change on previous year compare
More population data for Norway
- Population regions with projections, annual growth rate -0.2322 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -4.32 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.2322 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.1866 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 6,368 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0.6612 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.1496 % change on previous year (2100)
- World population growth -0.2% (2100)
- Population density 14.86 people per km² (2100)
- Number of children under 5, by world region 224,990 people (2100)
Frequently asked questions
- What is gdp (current lcu), annual growth rate in Norway?
- Gdp (current lcu), annual growth rate in Norway was 1.89 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Norway?
- The highest recorded value was 32.59 % change on previous year in 2022.
- What is the lowest gdp (current lcu), annual growth rate recorded in Norway?
- The lowest recorded value was -11.01 % change on previous year in 2023.
- How does Norway rank for gdp (current lcu), annual growth rate?
- Norway ranks 202nd out of 211 countries with data for 2024.
- Is gdp (current lcu), annual growth rate rising or falling in Norway?
- Over the last ten years it is down 18.2%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from Statizoid (derived), published as part of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.