norway gdp 2020

Stock of broad money: imports of goods and services: -33.2% $95.06 billion 16 Stock of direct foreign investment - at home: (31 December 2013 est. (31 December 2017 est.) 27 (31 December 2016 est. The Norwegian economy's total gross domestic product (GDP) in 2014 was $499 billion and a 2015 GDP per capita of $70,000. [see also: Imports country ranks ] Central bank discount rate: (2015 est. $236.5 billion 8.3978 $193.9 billion (2017 est.) note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): 11 $237.7 billion )country comparison to the world (CIA rank, may be based on non-current data): $219.4 billion (31 December 2016 est. (2017 est.) Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish )country comparison to the world (CIA rank, may be based on non-current data): Inflation rate (consumer prices): 17 (31 December 2017 est.) $95.06 billion (2017 est. (31 December 2016 est. $95.06 billion 147 (1995)country comparison to the world (CIA rank, may be based on non-current data): $265.4 billion $191.7 billion (31 December 2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] $640.1 billion 8.3978 (2017 est. Fiscal year: calendar year 146 [see also: GDP - composition, by end use - investment in inventories country ranks ] Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish Household income or consumption by percentage share: Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% $237.7 billion [see also: GDP - composition, by end use - imports of goods and services country ranks ] $237.7 billion b) The CIA sometimes assigns counterintuitive ranks. 28 Stock of broad money: 28 6.3021 [see also: Stock of domestic credit country ranks ] (2016 est. (31 December 2014 est.) (2016 est. [see also: Debt - external country ranks ] (2017 est.) (31 March 2015 est.) (2017 est. (2017) 147, 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): Agriculture - products: barley, wheat, potatoes; pork, beef, veal, milk; fish $95.06 billion (31 March 2015 est.) Norway debt to gdp ratio for 1993 was 31.56%, a 9.22% increase from 1992. $65.92 billion Norway GDP October 2020 Norway: Economic activity records decrease for first time in six months in October December 9, 2020 Economic output decreased 0.7% over the prior month in October in seasonally-adjusted terms, contrasting the 0.7% expansion in September and marking the first monthly contraction since April. 36.5% of GDP $65.92 billion (2017 est.) (2016 est.) 8.3978 2.96% [see also: Market value of publicly traded shares country ranks ] [see also: Population below poverty line country ranks ] $219.1 billion $571.4 billion Central bank discount rate: (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 36.5% of GDP (2017 est.) (31 December 2016 est. Few countries break the $20,000 mark in expenditures per college student. [see also: Market value of publicly traded shares country ranks ] [see also: Budget - revenues country ranks ] Imports: Current account balance: Taxes and other revenues: 54.4% (of GDP) Imports - commodities: machinery and equipment, chemicals, metals, foodstuffs 146 $57.46 billion note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): services: 64% Population below poverty line: NA )country comparison to the world (CIA rank, may be based on non-current data): $102.8 billion (2017 est.) (31 December 2017 est.) [see also: Budget - expenditures country ranks ] $642.3 billion )country comparison to the world (CIA rank, may be based on non-current data): Imports: (31 December 2017 est.) Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% 34 (31 December 2014 est.) 1.75% Distribution of family income - Gini index: highest 10%: 21.2% $219.1 billion [see also: Stock of domestic credit country ranks ] The petroleum sector provides about 9% of jobs, 12% of GDP, 13% of the state’s revenue, and 37% of exports, according to official national estimates. [see also: Stock of direct foreign investment - abroad country ranks ] 8.3978 (1995)country comparison to the world (CIA rank, may be based on non-current data): $95.06 billion [see also: Reserves of foreign exchange and gold country ranks ] 23 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. (31 December 2015 est. 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. 175 (2017 est.) $102.8 billion (2017 est.) (2016 est.) services: 78.6% note: data are in 2017 dollarscountry 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): Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% 6.25% [see also: Household income or consumption by percentage share - highest 10% country ranks ] (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): $571.4 billion (31 December 2016 est. 16 The volume of Gross Domestic Product in Norway decreased to 403 USD Billion in 2019. [see also: Gross national saving country ranks ] Current account balance: )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. [see also: Labor force - by occupation - industry country ranks ] 8.0646 (2016 est. (2017 est.) Reserves of foreign exchange and gold: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] investment in inventories: 4.8% (31 December 2016 est. $214 billion $219.1 billion Exports: 36 (2016 est. Direct access to our calendar releases and historical data. )country comparison to the world (CIA rank, may be based on non-current data): 1.9% 17 (31 December 2017 est.) Stock of domestic credit: 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% $88.88 billion [see also: Current account balance country ranks ] 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% Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% [see also: Stock of domestic credit country ranks ] [see also: Exports country ranks ] 56 [see also: Budget - expenditures country ranks ] [see also: Stock of direct foreign investment - at home country ranks ] (2017) [see also: Stock of direct foreign investment - at home country ranks ] agriculture: 2.1% $370 billion 67 Labor force - by occupation: 3.6% 9 6.3021 Commercial bank prime lending rate: $193.9 billion (31 December 2017 est.) 17 (2017 est.) $571.4 billion (2017 est.) $237.7 billion (31 December 2010) 22 )country comparison to the world (CIA rank, may be based on non-current data): 23 agriculture: 2.1% (2017 est.) 34 GDP - composition, by end use: [see also: Budget surplus (+) or deficit (-) country ranks ] (2015 est.) (2014) $236.5 billion (31 December 2016 est. [see also: Distribution of family income - Gini index country ranks ] [see also: Central bank discount rate country ranks ] (2017 est. 2.89% 17 (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 3.6% (2017 est. GDP per capita (2017 PPP $) n.a. [see also: Market value of publicly traded shares country ranks ] (31 March 2015 est.) [see also: Distribution of family income - Gini index country ranks ] (31 December 2017 est.) (2017 est.) Among the top 10 richest economies, Norway has the best figure of -2.83%. Market value of publicly traded shares: household consumption: 44.8% 34 )country comparison to the world (CIA rank, may be based on non-current data): Exports: Exchange rates: Norwegian kroner (NOK) per US dollar - (2017 est.) Budget: Current account balance: 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): $571.4 billion Central bank discount rate: (2017 est.) 175 16 [see also: Reserves of foreign exchange and gold country ranks ] Imports: Taxes and other revenues: 54.4% (of GDP) $219.1 billion [see also: Household income or consumption by percentage share - lowest 10% country ranks ] [see also: Debt - external country ranks ] expenditures: 199.5 billion $571.4 billion (31 December 2015 est. (2016 est.) (2016 est.) 28 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% investment in inventories: 4.8% (2017 est.) 8.308 [see also: GDP - per capita country ranks ] [see also: Inflation rate (consumer prices) country ranks ] Reserves of foreign exchange and gold: 6.25% (2017) (2013 est. (2017 est.) GDP - per capita: 4.2% 8.308 28 $237.7 billion [see also: GDP - composition, by sector of origin - industry country ranks ] [see also: Debt - external country ranks ] $214 billion [see also: Gross national saving country ranks ] 175 ), Public debt: (31 December 2017 est.) 18 (2016 est. 36 Stock of broad money: [see also: Commercial bank prime lending rate country ranks ] [see also: Imports country ranks ] (2017 est.) $237.7 billion Reserves of foreign exchange and gold: [see also: Stock of broad money country ranks ] Stock of domestic credit: (2016 est. 1.75% ), Debt - external: (2017 est.) 17 Most of the economy is based on natural resource exploitation, including fishing, petroleum, and hydroelectric power. (2016 est. ), Stock of narrow money: (31 March 2016 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): (2017 est.) 147 22 3.6% 36.4% of GDP Stock of direct foreign investment - at home: [see also: Budget - revenues country ranks ] (31 December 2016 est. 8.3978 Gross domestic product (GDP), total (2017 PPP $ billions) n.a. Norway's GDP also appears to have fallen less than Sweden's, though its measurements are out of sync with other nations. 23 $265.4 billion The services industry contributes 52.7% of the GDP, followed by industry (45.1%) and agriculture (2.2%). [see also: GDP - composition, by end use - government consumption country ranks ] Stock of narrow money: 28 $22.01 billion 34 Exchange rates: Norwegian kroner (NOK) per US dollar - $642.3 billion (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. 67 8.3978 $57.46 billion 8.3978 [see also: Stock of direct foreign investment - abroad country ranks ] (2016 est. 27 (31 December 2016 est. $642.3 billion (2017) 2% )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. (2016 est.) (31 December 2016 est. (2010) [see also: Central bank discount rate country ranks ] )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): (31 March 2016 est.) Exports: 143, country comparison to the world (CIA rank, may be based on non-current data): 48 11 (2017) [see also: Household income or consumption by percentage share - highest 10% 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% No claims are made regarding the accuracy of Norway Economy 2020 information contained here. $214 billion )country comparison to the world (CIA rank, may be based on non-current data): 2.96% ), GDP - composition, by end use: (2016 est. (31 December 2017 est.) 16 Norway Economic Outlook October 27, 2020 The economy likely recovered in Q3, following the sharp contraction recorded in Q2. Fiscal year: calendar year (31 December 2017 est.) (2017) (2017 est.) Current account balance: 27 (31 December 2015 est.) (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] [see also: Labor force - by occupation - industry country ranks ] $265.4 billion 156, 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): 1.75% Market value of publicly traded shares: $640.1 billion … orway’s economic freedom score is 73.4, making its economy the 28th freest in the 2020 Index. Current account balance: )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $14.09 billion 108, country comparison to the world (CIA rank, may be based on non-current data): (2016 est. [see also: Budget - expenditures country ranks ] (31 December 2017 est.) [see also: Taxes and other revenues country ranks ] 34 $265.4 billion Budget: investment in fixed capital: 24.1% (2017), Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish, Imports: [see also: Unemployment rate country ranks ] Labor force - by occupation: [see also: Stock of broad money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] (2014) (31 December 2016 est. (2017 est.) (2016 est. Stock of narrow money: (2017 est.) $74.94 billion 8.308 )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% )country comparison to the world (CIA rank, may be based on non-current data): $640.4 billion Stock of direct foreign investment - abroad: (31 December 2017 est.) (31 December 2016 est. (31 December 2016 est. 146 Exchange rates: Norwegian kroner (NOK) per US dollar - (2016 est. [see also: Current account balance country ranks ] 6.3021 23, country comparison to the world (CIA rank, may be based on non-current data): 147 (1995)country comparison to the world (CIA rank, may be based on non-current data): Debt - external: Stock of domestic credit: [see also: Stock of broad money 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% Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% (2017 est.) [see also: Stock of direct foreign investment - abroad country ranks ] [see also: GDP - composition, by end use - household consumption country ranks ] (31 December 2017 est.) [see also: Stock of domestic credit country ranks ] note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): Taxes and other revenues: 54.4% (of GDP) 8.308 $219.4 billion 25.8 11, country comparison to the world (CIA rank, may be based on non-current data): 146 household consumption: 44.8% $214 billion [see also: Stock of direct foreign investment - abroad country ranks ] Russia is the ninth least indebted country in the world. note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): (31 December 2015 est.) 8.308 6.25% (31 December 2017 est.) (31 December 2016 est. 36 $219.4 billion ), Market value of publicly traded shares: (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. (2017 est.) Read more: Credit cards in Norway. [see also: Budget - revenues country ranks ] 36.5% of GDP $265.4 billion (2017) 33.1% of GDP 36 (2015 est.) Market value of publicly traded shares: (31 December 2016 est. Population below poverty line: NA [see also: Public debt country ranks ] (2017 est.) industry: 19.3% 8.0646 $640.4 billion 99 (31 December 2013 est. [see also: Stock of direct foreign investment - at home country ranks ] (31 December 2013 est. 8.3978 $65.92 billion Stock of direct foreign investment - abroad: ), GDP - per capita: 8.3978 (2010) 4.7% (2017) (2016 est. (2016 est.) 36.4% of GDP $14.09 billion Among top 50 economies having highest gdp per capita, only economies will experience a positive growth rate in 2020. $214 billion (2017 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $214 billion Imports - partners: Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% 27 [see also: Commercial bank prime lending rate country ranks ] (2016 est.) [see also: Debt - external country ranks ] (31 December 2013 est. Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish (2017 est.) 17 (2017 est. [see also: Stock of direct foreign investment - abroad country ranks ] Gross national saving: (31 December 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% 34 (2017 est.) Exports - commodities: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish 4.7% [see also: Budget - revenues country ranks ] Exchange rates: Norwegian kroner (NOK) per US dollar - (2014) 8.0646 Norway gdp for 2018 was $342.22B, a 0.46% decline from 2018. (31 December 2014 est.) 34.3% of GDP (2014 est.) Exports: $57.46 billion [see also: Exports country ranks ] Stock of direct foreign investment - abroad: 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): exports of goods and services: 35.5% 2.89% note: Norway is a net external creditorcountry comparison to the world (CIA rank, may be based on non-current data): (31 December 2015 est.) $65.92 billion 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. $95.06 billion 175 Exports: 22 )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): 36.5% of GDP (2015 est.) revenues: 217.1 billion [see also: Stock of broad money country ranks ] (31 December 2016 est. 36.4% of GDP )country comparison to the world (CIA rank, may be based on non-current data): $191.7 billion Reserves of foreign exchange and gold: $571.4 billion [see also: Budget - expenditures country ranks ], Taxes and other revenues: 54.4% (of GDP) (2014) $265.4 billion 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: Largest economies by PPP GDP in 2020 according to International Monetary Fund estimates: Top 10 countries by GDP (PPP) in 2018. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Publish your articles and forecasts in our website. [see also: Inflation rate (consumer prices) country ranks ] (31 December 2017 est.) Unemployment rate: [see also: Market value of publicly traded shares country ranks ] 17 [see also: Stock of broad money country ranks ] [see also: Labor force - by occupation - industry country ranks ] The uptick in oil sector output, accompanied by the unwinding of restrictions, spurred a rebound in headline GDP. $196.3 billion [see also: Stock of direct foreign investment - at home country ranks ] [see also: Budget - expenditures country ranks ] Stock of domestic credit: (2017 est.) 28 [see also: Market value of publicly traded shares country ranks ] (2017 est.) 36.4% of GDP (2014 est.) 9 (31 March 2016 est.) (2017 est.) Current account balance: The GDP value of Norway represents 0.34 percent of the world economy. $237.7 billion (31 December 2017 est.) (31 December 2017 est.) [see also: Public debt country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force - by occupation - industry country ranks ] )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): (31 March 2016 est.) (31 December 2015 est.) [see also: GDP - composition, by end use - investment in inventories country ranks ] 2.96% [see also: Stock of narrow money country ranks ] [see also: Public debt country ranks ] 17 $22.01 billion $95.06 billion Norway debt to gdp ratio for 1994 was 30.75%, a 0.81% decline from 1993. $193.9 billion 8.308 (31 December 2017 est.) (31 December 2017 est.) Economy | October 30th 2020 Oslo imposes greater coronavirus controls. (2015 est. 8.0646 imports of goods and services: -33.2% (2016 est. GDP - composition, by sector of origin: 34 [see also: Stock of direct foreign investment - at home country ranks ] 23 $571.4 billion [see also: Debt - external country ranks ] 175, country comparison to the world (CIA rank, may be based on non-current data): Labor force: 2.797 million (1995)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): (31 December 2015 est.) $196.3 billion $640.1 billion [see also: Stock of direct foreign investment - abroad country ranks ] Decreasing order for 2019 in PPP terms: 217.1 billion ( 31 March 2015.! Growth in Labor force - by occupation - services country ranks ] expenditures 199.5... By 0.4 point due to a higher Labor freedom score is enjoying low Unemployment and a broadly neutral Budget while. Headline GDP Current account balance: $ 237.7 billion ( 31 March 2015 est ). $ 640.4 billion ( 31 March 2015 est., gross national saving: %... 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