Norway: Trade (% of GDP)
In , Norway's Trade (% of GDP) was 81.36.
That's up 1.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Norway ranks #80 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #36 of 49.
Source: World Bank Open Data (NE.TRD.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
- 82.61
- Trough
- 65.35
- 1-year change
- +1.2%
- 5-year change
- +14.8%
- +2.8% / yr
- 10-year change
- +17.7%
- +1.6% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 81.3635 | |
| 80.3638 | |
| 82.6095 | |
| 71.2227 | |
| 65.3540 | |
| 70.8958 | |
| 70.0032 | |
| 69.1088 | |
| 69.1168 | |
| 70.4319 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Norway's Trade (% of GDP) in 2024?
- In 2024, Norway's Trade (% of GDP) was 81.36, according to World Bank Open Data.
- Is Norway's Trade (% of GDP) rising or falling?
- Norway's Trade (% of GDP) rose 1.2% from 2023 to 2024.
- How does Norway rank globally on Trade (% of GDP)?
- In 2024, Norway ranked #80 out of 160 countries reporting Trade (% of GDP).
- How does Norway's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Norway is below the world average. Within Europe & Central Asia, it ranks #36 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.