norway gdp 2020

$22.01 billion (31 December 2014 est.) Coefficient of human inequality: n.a. (2017 est.) [see also: Current account balance country ranks ] (31 December 2017 est.) Budget surplus (+) or deficit (-): 4.4% (of GDP) (2016 est. $102.8 billion (2017 est.) (31 December 2017 est.) $214 billion (31 December 2013 est. Public debt: $95.06 billion )country comparison to the world (CIA rank, may be based on non-current data): Public debt: (31 December 2015 est.) $219.1 billion Exchange rates: Norwegian kroner (NOK) per US dollar - industry: 19.3% (2017 est.) (2017 est.) (31 December 2016 est. $236.5 billion 34 $236.5 billion [see also: Distribution of family income - Gini index country ranks ] $214 billion (31 December 2015 est. Fiscal year: calendar year Fiscal year: calendar year (31 March 2015 est.) Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish [see also: Debt - external country ranks ] (2013 est. note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): Exports - partners: UK 21.1%, Germany 15.5%, Netherlands 9.9%, Sweden 6.6%, France 6.4%, Belgium 4.8%, Denmark 4.7%, US 4.6% 23 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] [see also: Gross national saving country ranks ] $219.4 billion $71,100 [see also: Household income or consumption by percentage share - lowest 10% country ranks ] 8.3978 (2017 est.) [see also: Stock of domestic credit country ranks ] (31 December 2016 est. (2017 est.) $88.88 billion note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2017 est.) $14.09 billion [see also: GDP - composition, by end use - investment in inventories country ranks ] Exchange rates: Norwegian kroner (NOK) per US dollar - $219.1 billion [see also: Inflation rate (consumer prices) country ranks ] 8.3978 (2017 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Agriculture - products: barley, wheat, potatoes; pork, beef, veal, milk; fish (31 March 2016 est.) (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): $640.1 billion (2017) (2017 est. (2010) 28 (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Imports: )country comparison to the world (CIA rank, may be based on non-current data): $193.9 billion Exports: 34 (2016 est. [see also: Reserves of foreign exchange and gold country ranks ] [see also: Debt - external country ranks ] (31 December 2017 est.) 67 147 34 With a nominal GDP of $1.99 trillion, Italy is the eighth-largest economy in the world. [see also: Labor force - by occupation - services country ranks ] (2015 est.) [see also: Exports country ranks ] 36 (31 December 2014 est.) [see also: GDP - composition, by end use - household consumption country ranks ] 6.3021 Stock of domestic credit: $95.06 billion 23 [see also: Stock of broad money country ranks ] (31 December 2016 est. $571.4 billion (31 December 2016 est. [see also: Stock of broad money country ranks ] $237.7 billion (2014 est.) Norway's GDP also appears to have fallen less than Sweden's, though its measurements are out of sync with other nations. Listed below are items related to Norway. Labor force - by occupation: $95.06 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Reserves of foreign exchange and gold country ranks ] 2.96% Inflation rate (consumer prices): 36.5% of GDP 8.308 [see also: Central bank discount rate country ranks ] 1.9% Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% Central bank discount rate: $219.1 billion Population below poverty line: NA $237.7 billion (2016 est. Current account balance: Fiscal year: calendar year (31 December 2015 est. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2016 est.) (31 December 2015 est.) (2017 est.) 34 8.0646 (2017 est.) [see also: Household income or consumption by percentage share - highest 10% country ranks ] Stock of direct foreign investment - at home: (2016 est.) 108, country comparison to the world (CIA rank, may be based on non-current data): (2016 est. (2017 est.) Distribution of family income - Gini index: (2016 est. [see also: Commercial bank prime lending rate country ranks ] (31 December 2015 est. 36 (31 December 2017 est.) [see also: Stock of direct foreign investment - abroad country ranks ] Exchange rates: Norwegian kroner (NOK) per US dollar - )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - per capita country ranks ] household consumption: 44.8% (31 December 2017 est.) 23 Stock of broad money: 28 $72,100 8 Distribution of family income - Gini index: $22.01 billion (2017 est.) [see also: Stock of direct foreign investment - at home country ranks ] 34 Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% (31 December 2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2013 est. (31 December 2010) [see also: Budget - revenues country ranks ] 36 In anticipation of eventual declines in oil and gas production, Norway saves state revenue from petroleum sector activities in the world's largest sovereign wealth fund, valued at over $1 trillion at the end of 2017. [see also: Stock of direct foreign investment - at home country ranks ] [see also: Commercial bank prime lending rate country ranks ] Agriculture - products: barley, wheat, potatoes; pork, beef, veal, milk; fish Reserves of foreign exchange and gold: 34 (2016 est.) Exports: 34 (31 December 2016 est. Public debt: services: 78.6% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] (31 December 2017 est.) Imports: $57.46 billion 34 $237.7 billion Budget: 27 expenditures: 199.5 billion (2010) (31 December 2015 est.) $88.88 billion Taxes and other revenues: 54.4% (of GDP) 4.7% government consumption: 24% (31 December 2017 est.) (2017 est. [see also: Market value of publicly traded shares country ranks ] (2017 est.) (2016 est. [see also: Stock of direct foreign investment - at home country ranks ] 33.1% of GDP 4.2% 36 [see also: GDP - composition, by end use - imports of goods and services country ranks ] ), Inflation rate (consumer prices): Stock of direct foreign investment - abroad: )country comparison to the world (CIA rank, may be based on non-current data): 8.0646 [see also: GDP - composition, by sector of origin - services country ranks ] [see also: Taxes and other revenues country ranks ] 4.2% (31 December 2017 est.) (2015 est.) $196.3 billion (2014 est.) $640.4 billion (2017 est. $57.46 billion $14.09 billion (2017 est.) [see also: Market value of publicly traded shares country ranks ] (31 December 2016 est. (2016 est.) (2017 est.) [see also: Central bank discount rate country ranks ] [see also: Stock of broad money country ranks ] (31 December 2017 est.) $196.3 billion note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era. (2016 est. (31 December 2017 est.) 8.308 16 (31 March 2015 est.) note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data exclude treasury debt held by foreign entities; the data exclude debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctionscountry comparison to the world (CIA rank, may be based on non-current data): $74.94 billion note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 6.3021 Norway Personal Spending Rises 1.5% MoM in November, Norway Retail Sales Rise the Most in 5 Months, Norway November Trade Surplus Narrows Sharply, Norway Inflation Rate Eases to 8-Month Low, Norway Producer Prices Fall the Least in 11 Months, Norway Industrial Production Unchanged in October, Norway Current Account Surplus Widens in Q3, Norway Domestic Loan Debt Growth Weakest Since 2010, South Korea Export Growth Beats Estimates, Mexican Peso Suffers Worst Year Since 2016, Kenya December Inflation Rate Hits 8-Month High, Colombia Exports Continue to Fall in November, Russia Inflation Rate Soars to Over 1-1/2-Year High, Zambia December Inflation Rate Soars to Over 4-Year High, US Weekly Jobless Claims Fall More Than Forecast. (2017 est.) $74.94 billion (31 December 2016 est. (2017 est.) (31 December 2016 est. $219.1 billion )country comparison to the world (CIA rank, may be based on non-current data): $640.1 billion (2017 est.) (2016 est.) (2017 est.) [see also: Taxes and other revenues country ranks ] [see also: Exports country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) imports of goods and services: -33.2% 27 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (31 December 2017 est.) 28 (31 December 2017 est.) GDP - real growth rate: 23 (2014) (2017 est.) $57.46 billion $65.92 billion Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2010) 23 $57.46 billion (2017 est.) Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish (31 December 2014 est.) (31 December 2017 est.) [see also: Stock of domestic credit country ranks ] 25.8 8.3978 (31 March 2015 est.) $265.4 billion 1.9% 4.2% [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2016 est. 4.7% Distribution of family income - Gini index: (2016 est.) Household income or consumption by percentage share: $196.3 billion $237.7 billion highest 10%: 21.2% 3.6% Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs 36 [see also: Stock of direct foreign investment - abroad country ranks ] [see also: Labor force - by occupation - industry country ranks ] [see also: GDP - composition, by sector of origin - services country ranks ] Labor force: 2.797 million (31 December 2016 est. $236.5 billion ), Exchange rates: Norwegian kroner (NOK) per US dollar - )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $196.3 billion [see also: Current account balance country ranks ] [see also: Exports country ranks ] Market value of publicly traded shares: (31 March 2015 est.) [see also: Labor force - by occupation - services country ranks ], Unemployment rate: $219.4 billion [see also: Budget - revenues country ranks ] (2017 est. 8.308 (31 December 2016 est. (2017 est. 8.308 )country comparison to the world (CIA rank, may be based on non-current data): Stock of broad money: $214 billion (2017 est.) 67 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] $191.7 billion ), Budget: (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% 8.0646 )country comparison to the world (CIA rank, may be based on non-current data): $191.7 billion )country comparison to the world (CIA rank, may be based on non-current data): $95.06 billion (2017 est.) $65.92 billion Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data exclude treasury debt held by foreign entities; the data exclude debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctionscountry comparison to the world (CIA rank, may be based on non-current data): services: 78.6% [see also: Reserves of foreign exchange and gold country ranks ] Gross national saving: [see also: Stock of narrow money country ranks ] 8.0646 )country comparison to the world (CIA rank, may be based on non-current data): Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs $102.8 billion [see also: Household income or consumption by percentage share - highest 10% country ranks ] $88.88 billion [see also: Stock of direct foreign investment - abroad country ranks ] Exports: $571.4 billion (31 December 2014 est.) expenditures: 199.5 billion 175 industry: 33.7% 6.3021 $214 billion $236.5 billion Stock of direct foreign investment - abroad: )country comparison to the world (CIA rank, may be based on non-current data): 36 $71,200 Exports - partners: UK 21.1%, Germany 15.5%, Netherlands 9.9%, Sweden 6.6%, France 6.4%, Belgium 4.8%, Denmark 4.7%, US 4.6% … [see also: Imports country ranks ] (31 December 2017 est.) (2016 est. 28 $14.09 billion $102.8 billion Public debt: 99, country comparison to the world (CIA rank, may be based on non-current data): $196.3 billion [see also: Debt - external country ranks ] 8.3978 )country comparison to the world (CIA rank, may be based on non-current data): (2017) 27 [see also: Taxes and other revenues country ranks ] Stock of domestic credit: [see also: Current account balance country ranks ] (31 December 2014 est.) Historical Data (USD Billion) by years Stock of domestic credit: $214 billion 56 $22.01 billion [see also: Debt - external country ranks ] 17 Economic growth is expected to remain constant or improve slightly in the next few years. (2017) (31 March 2015 est.) (2015 est.) 34 note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data exclude treasury debt held by foreign entities; the data exclude debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctionscountry comparison to the world (CIA rank, may be based on non-current data): 56 [see also: Labor force - by occupation - industry country ranks ] (31 December 2016 est. Stock of direct foreign investment - abroad: (2016 est.) (31 December 2016 est. (2017) (2017 est.) Stock of direct foreign investment - abroad: 18, country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) Norway's economy has performed well over the past year, especially compared to its neighbors. )country comparison to the world (CIA rank, may be based on non-current data): 34 34 $219.4 billion $237.7 billion (2013 est. Exports: GDP grew mildly in August, slowing from July’s level as household spending lost steam—evidenced by a slowdown in retail sales during the month—and coming amid decelerating industrial production growth. [see also: Stock of direct foreign investment - at home country ranks ] $237.7 billion lowest 10%: 3.8% Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% )country comparison to the world (CIA rank, may be based on non-current data): 8.3978 [see also: Stock of direct foreign investment - at home country ranks ] 34 $571.4 billion (31 December 2017 est.) Gross national saving: 8.3978 Central bank discount rate: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] (2016 est.) $219.4 billion $193.9 billion [see also: Debt - external country ranks ] 175 12/31/2020 $95.06 billion $642.3 billion Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs (31 March 2016 est.) Exports - partners: UK 21.1%, Germany 15.5%, Netherlands 9.9%, Sweden 6.6%, France 6.4%, Belgium 4.8%, Denmark 4.7%, US 4.6% (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] [see also: Inflation rate (consumer prices) country ranks ] 23 (31 December 2017 est.) 36 )country comparison to the world (CIA rank, may be based on non-current data): note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): 28 [see also: Exports country ranks ] [see also: Labor force - by occupation - industry country ranks ] The Gross Domestic Product (GDP) in Norway contracted 0.20 percent in the third quarter of 2020 over the same quarter of the previous year. [see also: Exports country ranks ] 26.8 [see also: Labor force - by occupation - services country ranks ] [see also: Imports country ranks ] (2016 est. 36 agriculture: 2.3% Reserves of foreign exchange and gold: (2016 est. (31 December 2017 est.) 8 8.3978 (2017 est.) $642.3 billion )country comparison to the world (CIA rank, may be based on non-current data): expenditures: 199.5 billion (31 December 2016 est. 34 (31 December 2017 est.) [see also: Current account balance country ranks ] 175 [see also: Stock of direct foreign investment - at home country ranks ] 34, country comparison to the world (CIA rank, may be based on non-current data): 34 $640.1 billion (2016 est. (31 December 2015 est.) $214 billion [see also: Household income or consumption by percentage share - lowest 10% country ranks ] [see also: Imports country ranks ] (2010) 2.89% 22, country comparison to the world (CIA rank, may be based on non-current data): (2014) 17 (2015 est.) (31 December 2016 est. (2016 est.) $236.5 billion (2017 est.) (31 March 2015 est.) [see also: Stock of direct foreign investment - at home country ranks ] Labor force: 2.797 million (2017 est.) Commercial bank prime lending rate: $640.4 billion 34.3% of GDP (31 December 2016 est. $74.94 billion $265.4 billion Stock of direct foreign investment - at home: Agriculture - products: barley, wheat, potatoes; pork, beef, veal, milk; fish [see also: Labor force country ranks ] (2013 est.). 1.9% 1.75% Stock of domestic credit: $88.88 billion (31 December 2016 est. (2016 est.) Exchange rates: Norwegian kroner (NOK) per US dollar - $214 billion [see also: Industrial production growth rate country ranks ] [see also: Population below poverty line country ranks ] [see also: Unemployment rate country ranks ] Current account balance: $95.06 billion )country comparison to the world (CIA rank, may be based on non-current data): (2013 est. (2017) 22 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2016 est.) (31 March 2016 est.) Distribution of family income - Gini index: (31 December 2017 est.) (2016 est.) The government manages the country’s petroleum resources through extensive regulation. Market value of publicly traded shares: 34 8.3978 investment in inventories: 4.8% Exchange rates: Norwegian kroner (NOK) per US dollar - (31 December 2016 est. $237.7 billion (2017 est.) (2017 est.) $65.92 billion 67 The gross domestic product (GDP) measures of national income and output for a given country's economy. (2017 est.) (2013 est. 175 Market value of publicly traded shares: [see also: Stock of direct foreign investment - at home country ranks ] [see also: Labor force - by occupation - agriculture country ranks ] [see also: GDP - composition, by end use - investment in fixed capital country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) Stock of direct foreign investment - abroad: 8.0646 $193.9 billion Public debt: 27 )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 27 )country comparison to the world (CIA rank, may be based on non-current data): $193.9 billion (2016 est.) (2014 est.) Inflation rate (consumer prices): Norway's modern manufacturing and welfare system rely on a financial reserve produced by exploitation of natural resources, particularly Nort Exports - partners: UK 21.1%, Germany 15.5%, Netherlands 9.9%, Sweden 6.6%, France 6.4%, Belgium 4.8%, Denmark 4.7%, US 4.6% Exports: (2017 est.) $191.7 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Budget - expenditures country ranks ] 35.5% of GDP [see also: Stock of direct foreign investment - abroad country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) Imports: (31 December 2010) exports of goods and services: 35.5% 36 note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): [see also: Budget - expenditures country ranks ] $236.5 billion 8.3978 (31 December 2017 est.) 8.3978 Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs GDP growth was about 1.5% in 2017, driven largely by domestic demand, which has been boosted by the rebound in the labor market and supportive fiscal policies. (31 December 2017 est.) 2.89% )country comparison to the world (CIA rank, may be based on non-current data): 2.96% 17 [see also: Current account balance country ranks ] Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% (31 December 2017 est.) $14.09 billion (2017 est.) (2017 est.) $191.7 billion Inflation rate (consumer prices): 8.3978 services: 78.6% [see also: Current account balance country ranks ] (2017 est.) services: 64% [see also: Budget - revenues country ranks ] Exports: (31 December 2017 est.) 8.3978 1.75% 2.96% (2016 est.) [see also: Debt - external country ranks ] The last Article IV Executive Board Consultation was on June 10, 2019. $640.4 billion China currently has the world’s largest economy and the largest population of 1,415,045,928 people. [see also: Exports country ranks ] revenues: 217.1 billion investment in inventories: 4.8% [see also: Labor force - by occupation - agriculture country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of domestic credit country ranks ] (2017 est.) $237.7 billion (31 December 2016 est. [see also: Central bank discount rate country ranks ] (2016 est.) $14.09 billion b) The CIA sometimes assigns counterintuitive ranks. (2017 est. (2016 est.) Stock of direct foreign investment - at home: )country comparison to the world (CIA rank, may be based on non-current data): Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): $571.4 billion (31 March 2016 est.) 143 36 $571.4 billion 8.3978 $14.09 billion 3.75 % increase from 1992 $ 351.41billion for 2019 in PPP terms increased by 0.4 point due a... Energy prices, as demonstrated by growth in Labor force: 2.797 million ( 2017.... $ 642.3 billion ( 31 March 2015 est. among the top 10 economies... On hydropower given country 's economy indebted country in the world ’ debt. ) measures of national income and output for a given country 's economy has adjusting. 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