What was Norway's Exports of goods and services (% of GDP) in 2024?

In 2024, Norway's Exports of goods and services (% of GDP) was 47.49, according to World Bank Open Data.

Is Norway's Exports of goods and services (% of GDP) rising or falling?

Norway's Exports of goods and services (% of GDP) fell 0.9% from 2023 to 2024.

How does Norway rank globally on Exports of goods and services (% of GDP)?

In 2024, Norway ranked #53 out of 160 countries reporting Exports of goods and services (% of GDP).

How does Norway's Exports of goods and services (% of GDP) compare to the world average?

The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Norway is above the world average. Within Europe & Central Asia, it ranks #26 of 49.

Norway: Exports of goods and services (% of GDP)

Name: Norway: Exports of goods and services (% of GDP)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, Norway's Exports of goods and services (% of GDP) was 47.49.

That's down 0.9% from 2023, the highest value since 2023.

The global average for this indicator in 2024 was 44.26 . Norway ranks #53 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #26 of 49.

Source: World Bank Open Data (NE.EXP.GNFS.ZS) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: 55.50; 2022
Trough: 32.21; 2020
1-year change: -0.9%
5-year change: +29.6%; +5.3% / yr
10-year change: +19.5%; +1.8% / yr

Historical Data — Last 10 Years

Year	Exports of goods and services (% of GDP)
2024	47.4917
2023	47.9121
2022	55.4998
2021	43.0363
2020	32.2103
2019	36.6409
2018	38.2210
2017	36.7323
2016	35.9382
2015	38.5752

About Exports of goods and services (% of GDP)

Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Indicator code: NE.EXP.GNFS.ZS • Category: Economy

Frequently asked questions

What was Norway's Exports of goods and services (% of GDP) in 2024?: In 2024, Norway's Exports of goods and services (% of GDP) was 47.49, according to World Bank Open Data.
Is Norway's Exports of goods and services (% of GDP) rising or falling?: Norway's Exports of goods and services (% of GDP) fell 0.9% from 2023 to 2024.
How does Norway rank globally on Exports of goods and services (% of GDP)?: In 2024, Norway ranked #53 out of 160 countries reporting Exports of goods and services (% of GDP).
How does Norway's Exports of goods and services (% of GDP) compare to the world average?: The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Norway is above the world average. Within Europe & Central Asia, it ranks #26 of 49.
What is Exports of goods and services (% of GDP) and how is it measured?: Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

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Source: World Bank Open Data (NE.EXP.GNFS.ZS), CC BY 4.0.