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Norway

EFTA Outside the euro area Population: 5.59 M (2025)

Source: Eurostat, data retrieved 2026-10-17; each indicator links to its dataset · Methodology and technical sheets

Economic situation

Norway: real GDP grew 2.0% year on year (Q2 2026); previous quarter: 1.6%; EU27: 1.5%. Harmonised inflation (HICP) stands at 3.4% (09/2026), below the EU27 average (3.8%); core inflation, excluding energy and food, is 3.1%. The unemployment rate stands at 4.6% (08/2026), down 0.4 percentage points on a year earlier; the EU27 rate is 6.2%. The current account shows a surplus of 19.1% of GDP (Q2 2026). Its best European position is in "HICP furnishings and household equipment" (1 of 36) and its worst in "Real household disposable income per capita, annual change" (30 of 32).

Key indicators

GDP growth2.0%Q2 2026+2.8 pp year on year17 of 34 in EuropeInflation (HICP)3.4%09/2026-0.2 pp year on year14 of 36 in EuropeUnemployment rate4.6%08/2026-0.4 pp year on year10 of 30 in EuropeEmployment rate (20–64)79.3%Q2 2026-0.3 pp year on year15 of 34 in EuropeCurrent account (% GDP)19.1%Q2 2026+5.4 pp year on year1 of 32 in EuropeGDP per capita (EU = 100)1592025-3.9% year on year3 of 33 in Europe

Trends

Activity: GDP, consumption and investment (real year-on-year change, %)
Prices: headline and core inflation (HICP, %)
Labour: total and youth unemployment (%)
External sector: current account, goods and services (% of GDP)
Government expenditure by function (COFOG) →What Norway spends on: 10 functions and 69 sub-functions compared with the EU27, and the split by level of government.Regions of Norway →25 regions with indicators on population, GDP, jobs, income and well-being (NUTS 1: 1 · NUTS 2: 7 · NUTS 3: 17).

All indicators

128 indicators for Norway. Its NUTS 1, 2 and 3 regions, with their own indicators, are on the country's regions page.

GDP and national accounts

19
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Nominal GDP (quarterly) M€Q2 2026133,664 M€+15.7%12 of 35
Real GDP, year-on-year change (quarterly) %Q2 20262.0%+2.8 pp17 of 34
Real GDP, chain-linked volume (quarterly) M€ (2020)Q2 202692,767 M€+2.0%14 of 35
Nominal GDP (annual) M€2025470,359 M€+1.6%13 of 37
Real GDP growth (annual) %20251.1%-0.3 pp24 of 35
GDP per capita € per inhabitant202583,860 €+1.0%5 of 35
Real GDP per capita € (2020) per inhabitant202566,720 €+0.4%4 of 35
Real GDP per capita, annual change %20250.4%-0.1 pp27 of 34
GDP per capita in purchasing power standards PPS per inhabitant202566,165 PPS-0.2%3 of 33
GDP per capita in PPS relative to the EU27 index EU27 = 1002025159-3.9%3 of 33
Household consumption, real year-on-year change %Q2 20261.1%-0.3 pp23 of 34
Government consumption, real year-on-year change %Q2 20262.2%-0.1 pp12 of 34
Gross fixed capital formation, real year-on-year change %Q2 20260.6%-0.5 pp25 of 33
Exports, real year-on-year change %Q2 20264.9%+7.9 pp11 of 34
Imports, real year-on-year change %Q2 20261.5%+0.7 pp28 of 34
Industry share of the economy % of GVA202532.7%-1.6 pp1 of 37
Construction share of the economy % of GVA20255.1%0.0 pp29 of 37
Services share of the economy % of GVA202560.3%+1.7 pp36 of 37
Public administration, education and health share of the economy % of GVA202520.9%+0.5 pp5 of 37

Prices

25
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Consumer price level (HICP) index 2015 = 10009/2026144.72+3.4%15 of 36
HICP, annual rate of change %09/20263.4%-0.2 pp14 of 36
Core HICP (excluding energy, food, alcohol and tobacco) %09/20263.1%+0.9 pp20 of 36
HICP energy %09/20269.6%-7.2 pp7 of 36
HICP food, alcohol and tobacco %09/20262.5%-3.1 pp27 of 36
HICP services %09/20264.2%+0.5 pp19 of 36
HICP non-energy industrial goods %09/20261.7%+1.5 pp28 of 36
HICP alcoholic beverages and tobacco %09/20262.5%-1.6 pp15 of 36
HICP clothing and footwear %09/20262.0%+4.3 pp29 of 36
HICP furnishings and household equipment %09/2026-1.4%0.0 pp1 of 36
HICP health %09/20265.0%+1.5 pp30 of 36
HICP information and communication %09/20261.7%+0.2 pp17 of 36
HICP recreation, sport and culture %09/20264.1%+0.6 pp19 of 36
HICP education services %09/20264.2%+1.7 pp25 of 36
HICP insurance and financial services %09/20267.0%+1.1 pp33 of 36
HICP personal care and miscellaneous goods and services %09/20264.0%+4.1 pp27 of 36
HICP, annual average rate %20252.8%0.0 pp17 of 35
HICP electricity %12/20255.5%+16.3 pp23 of 35
House prices index 2015 = 100Q2 2026170.0+4.2%19 of 28
House prices, annual rate of change %Q2 20264.2%-1.1 pp21 of 29
House sales, annual rate of change %Q2 2026 p-8.7%-22.7 pp12 of 18
Sales of newly built dwellings, annual rate of change %Q2 2026 p-4.2%+15.3 pp7 of 14
Sales of existing dwellings, annual rate of change %Q2 2026 p-9.2%-29.5 pp9 of 16
Household electricity price (2 500–4 999 kWh, taxes included) €/kWhH1 20260.1993 €/kWh+0.4%14 of 36
Price level relative to the EU27 index EU27 = 1002025126.7+1.1%5 of 36

Government

15
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Government debt (quarterly) % of GDPQ1 2026 p49.1%+5.5 pp12 of 28
Government debt held by non-residents % of GDP202535.2%-0.3 pp12 of 28
Government debt held by the central bank % of GDP20250.0%0.0 pp25 of 28
Government debt held by resident banks % of GDP202510.1%+0.6 pp17 of 27
Government debt held by insurers, funds and other financial corporations % of GDP20258.1%+0.7 pp10 of 27
Government deficit (−) or surplus (+) (quarterly) % of GDPQ1 2026 p13.2%-3.7 pp1 of 30
Total government revenue % of GDP202560.0%-0.5 pp1 of 29
Total government expenditure % of GDP202549.4%+1.6 pp11 of 29
Government interest payments % of GDP20251.50%0.00 pp16 of 29
Apparent cost of government debt %20252.9%-0.2 pp21 of 25
Government investment (GFCF) % of GDP20255.20%0.00 pp7 of 29
Tax burden (taxes and social contributions) % of GDP202538.9%-0.3 pp6 of 9
Taxes on income and wealth % of GDP202519.6%-0.4 pp2 of 9
VAT % of GDP20257.3%+0.1 pp6 of 9
Social contributions % of GDP20259.3%0.0 pp7 of 9

Government expenditure by function (COFOG)

20
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
General public services expenditure (COFOG) % of GDP20245.4%+0.6 pp18 of 30
Defence expenditure (COFOG) % of GDP20242.1%+0.4 pp6 of 30
Public order and safety expenditure (COFOG) % of GDP20241.0%0.0 pp28 of 30
Economic affairs expenditure (COFOG) % of GDP20245.7%+0.1 pp12 of 30
Environmental protection expenditure (COFOG) % of GDP20240.8%0.0 pp12 of 30
Housing and community amenities expenditure (COFOG) % of GDP20240.9%+0.1 pp8 of 30
Health expenditure (COFOG) % of GDP20247.2%+0.2 pp13 of 30
Recreation, culture and religion expenditure (COFOG) % of GDP20241.5%0.0 pp6 of 30
Education expenditure (COFOG) % of GDP20244.7%+0.3 pp20 of 30
Social protection expenditure (COFOG) % of GDP202418.5%+1.1 pp11 of 30
General public services share of government expenditure (COFOG) %202411.2%+0.4 pp18 of 30
Defence share of government expenditure (COFOG) %20244.5%+0.7 pp7 of 30
Public order and safety share of government expenditure (COFOG) %20242.2%0.0 pp29 of 30
Economic affairs share of government expenditure (COFOG) %202411.9%-0.4 pp13 of 30
Environmental protection share of government expenditure (COFOG) %20241.7%-0.1 pp13 of 30
Housing and community amenities share of government expenditure (COFOG) %20241.8%+0.1 pp11 of 30
Health share of government expenditure (COFOG) %202415.1%-0.5 pp13 of 30
Recreation, culture and religion share of government expenditure (COFOG) %20243.1%-0.1 pp9 of 30
Education share of government expenditure (COFOG) %20249.8%0.0 pp23 of 30
Social protection share of government expenditure (COFOG) %202438.7%0.0 pp12 of 30

Business and activity

7
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Industrial production index 2021 = 10008/2026106.9-0.6%6 of 34
Retail trade, volume of sales index 2021 = 10008/202696.5-1.4%27 of 32
Residential building permits (useful floor area) index 2021 = 100Q3 202657.1+7.5%1 of 1
Active enterprises enterprises2024476,080+0.8%18 of 34
Enterprise birth rate %202410.7%-1.1 pp18 of 34
Enterprise death rate %2024 p4.9%-4.2 pp5 of 33
R&D expenditure % of GDP20241.75%-0.03 pp13 of 32

Labour market and productivity

21
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Unemployment rate % of labour force08/20264.6%-0.4 pp10 of 30
Youth unemployment rate (under 25) % of labour force08/202613.7%-4.4 pp10 of 24
Unemployed persons thousand persons08/2026142-7.2%12 of 30
Unemployment rate (annual) % of labour force20254.5%+0.5 pp10 of 34
Long-term unemployment rate % of labour force20250.7%+0.1 pp4 of 34
Employment rate (20–64) % of populationQ2 202679.3%-0.3 pp15 of 34
Employed persons (15–74) thousand personsQ2 20262,935+0.7%18 of 34
Employed persons per inhabitant % of population202553.7%0.0 pp9 of 33
Hours worked per inhabitant hours per year2025744-0.2%27 of 32
Labour productivity per hour worked relative to the EU27 index EU27 = 1002025166.8-3.9%3 of 31
Labour productivity per person employed, EU27 = 100 index EU27 = 1002025144.0-3.7%3 of 31
Real labour productivity per hour, annual change %20250.6%-0.4 pp25 of 32
Nominal unit labour cost, annual change %20253.8%-0.7 pp15 of 33
Hours worked per employed person hours per year20251,385-0.2%30 of 32
Compensation per employee € per year202569,943 €+3.5%5 of 33
Compensation per hour worked € per hour202551.4 €+3.6%4 of 31
Compensation per employee in PPS, EU27 = 100 index EU27 = 1002025115.5-2.0%4 of 31
Compensation per hour worked in PPS, EU27 = 100 index EU27 = 1002025131.1-2.1%4 of 30
Labour costs (B–S) index 2020 = 100Q2 2026 p160.5+4.3%10 of 26
Job vacancy rate (B–S) %Q4 20252.3%-0.2 pp8 of 31
Population aged 25–64 with tertiary education %202550.2%+1.0 pp5 of 34

Households

7
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Household saving rate % of disposable income202211.4%-7.5 pp15 of 32
Real household disposable income per capita, annual change %2022-3.2%-6.8 pp30 of 32
Median equivalised income PPS202533,801 PPS+4.5%2 of 30
Gini coefficient of disposable income 0–100202523.7-2.9%3 of 30
People at risk of poverty or social exclusion (AROPE) % of population202516.1%+0.4 pp5 of 30
Housing cost overburden rate % of population202513.5%-1.9 pp28 of 30
Household debt (loans) % of GDP202587.5%+2.0 pp29 of 31

External sector and financing

6
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Current account balance % of GDPQ2 202619.1%+5.4 pp1 of 32
Goods balance % of GDPQ2 202617.3%+5.5 pp2 of 32
Services balance % of GDPQ2 2026-1.4%+0.7 pp28 of 32
Net international investment position % of GDPQ2 2026405.1%+53.6 pp1 of 32
Net direct investment % of GDPQ2 20262.6%+1.9 pp6 of 32
Real effective exchange rate (42 partners, CPI-deflated) index 2015 = 10007/202692.99+6.2%28 of 30

Demography

6
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Population on 1 January persons20255,594,340+0.8%21 of 38
Total population change per 1,000 inhabitants20255.9-25.3%11 of 39
Net migration (including statistical adjustment) per 1,000 inhabitants20254.0-35.5%21 of 39
Median age of population years202540.8+0.5%31 of 38
Old-age dependency ratio (65+ / 15–64) %202529.2%+0.4 pp11 of 38
Life expectancy at birth years202483.2+0.2%7 of 37

Public-sector efficiency

2
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Employment in public administration and defence (NACE O) thousand persons2025215+1.9%14 of 26
Total employment (national accounts) thousand persons20253,013+0.7%16 of 26