Norway 2016
Detailed economic analysis and indicators for 2016
Key Economic Indicators (2016)
GDP (Current USD)
$370.96 billion
↓ 4.43% vs 2015GDP per Capita
$70,867.36
↓ 5.27% vs 2015GDP Growth (Annual %)
1.16%
↓ 0.69pp vs 2015Inflation Rate (CPI %)
3.55%
↑ 1.38pp vs 2015Year-over-Year Comparison
| Indicator | 2015 | 2016 | Change |
|---|---|---|---|
| GDP (Current USD) | $388.16 billion | $370.96 billion | -4.43% |
| GDP per Capita | $74,809.97 | $70,867.36 | -5.27% |
| GDP Growth (Annual %) | 1.86% | 1.16% | -0.69pp |
| Inflation (CPI %) | 2.17% | 3.55% | +1.38pp |
| Unemployment Rate (%) | 4.30% | 4.68% | +0.38pp |
All Economic Indicators (2016)
National Accounts
- GDP (Current USD)
- $370.96 billion
- GDP per Capita
- $70,867.36
- GDP Growth (Annual %)
- 1.16%
- Gross National Income
- $387.09 billion
Prices & Employment
- Inflation (CPI %)
- 3.55%
- Inflation (GDP Deflator %)
- -1.60%
- Unemployment Rate (%)
- 4.68%
- Interest Rate (Real %)
- 4.74%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 3.98%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2016, Norway's Gross Domestic Product (GDP) is $370.96 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Norway for 2016 is $70,867.36. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Norway for 2016 is 3.55%. This measures the annual percentage change in the cost of consumer goods and services.
Norway's annual GDP growth rate for 2016 is 1.16%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Norway for 2016 is 4.68%. This represents the percentage of the labor force that is unemployed and actively seeking employment.