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Sweden vs Norway GDP, 1960 to 2025

Sweden had $669.00 billion in GDP in 2025, versus $530.76 billion for Norway. Compare World Bank annual data.

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What the data shows

  • Sweden: $15.93B in 1960, $669.00B in 2025 (42× higher).
  • Norway: $5.17B in 1960, $530.76B in 2025. It peaked at $617.32B in 2022.

About this chart

2023 marks the latest change of leader in this annual GDP comparison: Sweden moves ahead. By 2025, Sweden records $669.00 billion, compared with $530.76 billion for Norway. The 2025 gap is $138.24 billion, and the larger total is about 1.26 times the smaller one. This compares the size of the two economies, not income per resident.

At the start of the common series in 1960, Sweden recorded $15.93 billion and Norway recorded $5.17 billion. The World Bank reports these totals in current US dollars. Inflation and exchange rates can change this comparison, so a rising dollar total does not by itself establish real economic growth. A purchasing-power or per-person comparison would answer a different question.

The data

Source: World Bank, World Development Indicators (NY.GDP.MKTP.CD), GDP in current US$, current US$ billions. Retrieved November 5, 2026. Nominal GDP in current US dollars; not adjusted for inflation or differences in purchasing power.

Sweden vs Norway GDP, Current us$ billions, 1960–2025, 1960–2025
Date🇸🇪 Sweden🇳🇴 Norway
1960$15.93B$5.17B
1961$17.33B$5.64B
1962$18.79B$6.08B
1963$20.34B$6.52B
1964$22.69B$7.17B
1965$24.96B$8.07B
1966$27.15B$8.71B
1967$29.47B$9.53B
1968$31.28B$10.18B
1969$33.97B$11.08B
1970$38.04B$12.75B
1971$41.51B$14.52B
1972$48.88B$17.28B
1973$59.32B$22.43B
1974$65.92B$27.03B
1975$82.77B$32.74B
1976$89.23B$35.82B
1977$94.33B$41.36B
1978$104.29B$46.36B
1979$123.21B$52.94B
1980$141.89B$64.18B
1981$129.50B$63.39B
1982$114.21B$62.45B
1983$104.86B$61.42B
1984$109.04B$61.87B
1985$113.96B$65.21B
1986$150.28B$78.44B
1987$182.74B$93.91B
1988$206.69B$101.50B
1989$217.63B$102.23B
1990$261.47B$119.34B
1991$273.83B$121.15B
1992$283.91B$130.00B
1993$212.64B$119.84B
1994$228.70B$126.32B
1995$267.05B$151.08B
1996$291.95B$162.43B
1997$268.25B$160.01B
1998$270.89B$152.96B
1999$274.32B$161.30B
2000$262.90B$170.62B
2001$242.50B$173.59B
2002$267.37B$195.36B
2003$334.07B$229.19B
2004$384.55B$265.66B
2005$391.69B$311.42B
2006$422.53B$349.77B
2007$490.05B$407.81B
2008$514.61B$472.06B
2009$434.31B$395.66B
2010$492.75B$440.13B
2011$570.54B$512.87B
2012$549.74B$525.08B
2013$584.13B$540.13B
2014$577.73B$515.83B
2015$501.60B$400.67B
2016$513.06B$383.28B
2017$535.17B$415.67B
2018$549.65B$454.59B
2019$530.89B$424.24B
2020$544.27B$382.25B
2021$631.69B$521.59B
2022$575.07B$617.32B
2023$578.99B$502.20B
2024$604.83B$500.89B
2025$669.00B$530.76B

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Suggested caption: “2023: Sweden takes the GDP lead. 2025 gap: $138.24B.” Credit the source in your caption; it heads off the 'source?' comments.

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Frequently asked questions

Which economy is larger, Sweden or Norway?

Sweden has the larger GDP in 2025: $669.00 billion, compared with $530.76 billion for Norway. These are World Bank nominal GDP totals in current US dollars.

How large is the GDP gap?

The 2025 gap is about $138.24 billion. Sweden has approximately 1.26 times the GDP of Norway, using the same year and currency basis.

When did Sweden have its highest GDP in this series?

Sweden reaches its highest current-dollar GDP in the displayed series in 2025, at $669.00 billion. This is a nominal dollar peak, not necessarily a peak in inflation-adjusted output.

Where does this data come from?

World Bank, World Development Indicators (NY.GDP.MKTP.CD), GDP in current US$, current US$ billions. Retrieved November 5, 2026. Nominal GDP in current US dollars; not adjusted for inflation or differences in purchasing power. You can download the full table as a CSV from this page.

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