Norway: economy and key statistics
Norway is number 31 in the 311 Nations Index, with a GDP of $530.8 billion in 2025. GDP per person is $94,594. The economy grew by 1.1% in 2025. Unemployment is 4.6%. The economy is 55% services, 34% industry, 2% agriculture. In 311 Institute directories: 48 R&D labs, 10 startups, 10 investors, 3 Titans.
Part of the 311 Nations Index (311institute.com). Last updated .
National power
Norway is number 26 in the 311 National Power Index, scoring 52.3 out of 100: economic 71, technology 40, military 39 and human capital 61.
Economy at a glance
| Indicator | Latest figure | Year |
|---|---|---|
| GDP | $530.8 billion | 2025 |
| GDP (purchasing power) | $583.8 billion | 2025 |
| GDP per person | $94,594 | 2025 |
| Economic growth | +1.1% | 2025 |
| Inflation | 3.1% | 2025 |
| Unemployment | 4.6% | 2025 |
| Population | 5.6 million | 2025 |
| Labour force | 3.1 million | 2025 |
| Services share of GDP | 55% | 2025 |
| Industry share of GDP | 34% | 2025 |
| Manufacturing share of GDP | 6% | 2025 |
| Agriculture share of GDP | 2% | 2025 |
| Exports share of GDP | 45% | 2025 |
| Foreign direct investment | -1.5% of GDP | 2025 |
| High-tech share of manufactured exports | 25% | 2024 |
| R&D spending | 1.85% of GDP | 2023 |
| Internet users | 99% of people | 2024 |
R&D labs
Largest companies in Norway
- Equinor ASA (#56)
- Southern and Eastern Norway Regional Health Authority (#558)
- Kongsberg Gruppen (#878)
Startups in Norway
- Blueye Robotics
- Compello
- Gelato
- Griff Aviation
- Krillbite Studio
- Kverneland Energi
- MOMEK Group
- Red Thread Games
- Sonair
- StartupLab
Investors in Norway
Main export industries
Norway exported goods worth about $168.3bn in 2024. Its biggest export industries:
- Mineral fuels, mineral oils and products of their distillation: $110.3bn (65.5% of goods exports)
- Fish and crustaceans, molluscs and other aquatic invertebrates: $15.4bn (9.2% of goods exports)
- Machinery and mechanical appliances, boilers, nuclear reactors: $5.8bn (3.4% of goods exports)
- Commodities not specified according to kind: $5.3bn (3.1% of goods exports)
- Aluminium and articles thereof: $5.0bn (3.0% of goods exports)
Source: UN Comtrade, goods only (services exports are not included).
Other economies in Europe
- Germany (#3)
- United Kingdom (#5)
- France (#7)
- Russia (#8)
- Italy (#9)
- Spain (#12)
- Türkiye (#16)
- Netherlands (#18)
- Switzerland (#20)
- Poland (#21)
- Belgium (#22)
- Ireland (#23)
- Sweden (#25)
- Austria (#28)
- Denmark (#35)
Questions and answers
How big is the economy of Norway?
Norway had a GDP of $530.8 billion in 2025, ranking number 31 in the 311 Nations Index.
What is GDP per person in Norway?
GDP per person in Norway was $94,594 in 2025.
How fast is the economy of Norway growing?
The economy of Norway grew by 1.1% in 2025.
Source: World Bank, World Development Indicators (CC BY 4.0).
© 311 Institute 2026. Facts from Wikidata (CC0) and the sources linked on this page. The selection, classification and links are the proprietary work of the 311 Institute, protected by copyright and database rights.