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Norway GDP by year, 1960 to 2025

Norway's GDP peaked at $617 billion in 2022 and was $531 billion in 2025, 30th in the world, after oil-linked falls in 2015 and 2023.

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What the data shows

  • Norway: $5B in 1960, $531B in 2025. It peaked at $617B in 2022.
  • Austria: $7B in 1960, $580B in 2025 (88× higher).
  • Thailand: $3B in 1960, $577B in 2025.
  • Vietnam: $14B in 1985, $515B in 2025 (37× higher). Its low point was $6B in 1989.

About this chart

Norway's GDP peaked in 2022 at $617 billion and was $531 billion in 2025, when it ranked 30th in the world. In 1980 it ranked 28th and in 2000 it was 26th. Dollar GDP has swung with oil and gas prices and the krone: it fell 22 percent in 2015, from $516 billion to $401 billion, then 19 percent in 2023 from $617 billion to $502 billion. Another 16 percent fall came in 2009.

Norway finishes the race with its three nearest economies behind Austria ($580 billion) and Thailand ($577 billion) and ahead of Vietnam ($515 billion). It has swapped places with Austria several times since 2006 and trailed it since 2023. It fell behind Thailand in 2023, having passed it in 2021. Norway has stayed ahead of Vietnam throughout. The figures are nominal current US dollars, not adjusted for inflation or purchasing power.

The data

Source: World Bank, World Development Indicators (NY.GDP.MKTP.CD), GDP in current US$, billions. Retrieved November 4, 2026.

Norway's GDP, GDP in current US$ billions, 1960 to 2025, 1960–2025
Date🇳🇴 Norway🇦🇹 Austria🇹🇭 Thailand🇻🇳 Vietnam
1960$5B$7B$3B
1961$6B$7B$3B
1962$6B$8B$3B
1963$7B$8B$4B
1964$7B$9B$4B
1965$8B$10B$4B
1966$9B$11B$5B
1967$10B$12B$6B
1968$10B$13B$6B
1969$11B$14B$7B
1970$13B$15B$7B
1971$15B$18B$7B
1972$17B$22B$8B
1973$22B$29B$11B
1974$27B$35B$14B
1975$33B$40B$15B
1976$36B$43B$17B
1977$41B$51B$20B
1978$46B$62B$24B
1979$53B$74B$27B
1980$64B$82B$32B
1981$63B$71B$35B
1982$63B$71B$37B
1983$61B$72B$40B
1984$62B$68B$42B
1985$65B$69B$39B$14B
1986$78B$99B$43B$26B
1987$94B$124B$51B$37B
1988$102B$133B$62B$25B
1989$102B$133B$72B$6B
1990$119B$166B$85B$7B
1991$121B$173B$98B$10B
1992$130B$194B$112B$10B
1993$120B$190B$129B$13B
1994$126B$203B$147B$16B
1995$151B$240B$169B$21B
1996$162B$236B$183B$25B
1997$160B$212B$150B$27B
1998$153B$217B$114B$27B
1999$161B$216B$127B$29B
2000$171B$196B$126B$31B
2001$174B$197B$120B$33B
2002$195B$213B$134B$35B
2003$229B$261B$152B$40B
2004$266B$299B$173B$45B
2005$311B$314B$189B$58B
2006$350B$334B$222B$66B
2007$408B$387B$263B$77B
2008$472B$429B$291B$99B
2009$396B$399B$282B$106B
2010$440B$390B$341B$147B
2011$513B$429B$371B$173B
2012$525B$407B$398B$196B
2013$540B$427B$420B$214B
2014$516B$439B$407B$234B
2015$401B$380B$401B$239B
2016$383B$394B$413B$257B
2017$416B$415B$456B$281B
2018$455B$453B$507B$310B
2019$424B$443B$544B$334B
2020$382B$434B$500B$347B
2021$522B$481B$506B$367B
2022$617B$473B$496B$413B
2023$502B$517B$517B$434B
2024$501B$535B$529B$476B
2025$531B$580B$577B$515B

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Frequently asked questions

What is Norway's GDP?

Norway's GDP was about $531 billion in 2025, according to the World Bank, in current US dollars. That ranks 30th in the world, below the 2022 peak of $617 billion.

When was Norway's GDP highest?

Norway's GDP peaked in 2022 at about $617 billion. It fell 19 percent in 2023 to $502 billion and was $531 billion in 2025.

Which economies are closest to Norway's in size?

In 2025 the nearest were Austria at $580 billion, Thailand at $577 billion and Vietnam at $515 billion. Norway sat below Thailand and about $16 billion above Vietnam.

Where does this data come from?

World Bank, World Development Indicators (NY.GDP.MKTP.CD), GDP in current US$, billions. Retrieved November 4, 2026. You can download the full table as a CSV from this page.

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