Prices & public finance · Europe & Central Asia · High income
Norway: prices, money and public finance
Inflation is 3.0% (2025), 93rd of 180 in the world and 31st of 49 in Europe & Central Asia. GDP deflator is 1.4% (2025), 166th of 209 in the world and 50th of 56 in Europe & Central Asia. Lending rate is 5.9% (2025), 98th of 136 in the world and 17th of 24 in Europe & Central Asia.
Inflation
NorwayEurope & Central AsiaHigh incomeWorld
GDP deflator
NorwayEurope & Central AsiaHigh incomeWorld
12 indicators
Prices & public finance: Norway in detail
Latest reported value, world rank and rank within Europe & Central Asia; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 3.0%2025 | 93/180 | 31/49 | 3.1% | 2.4% | 1.3% | +0.9 ppsince 2015 | 3.7% | 2.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 1.4%2025 | 166/209 | 50/56 | 15.4% | 5.9% | -2.3% | +4.0 ppsince 2015 | 3.6% | 2.6% | 3.3% | |
| Lending rateLending interest rate, % | 5.9%2025 | 98/136 | 17/24 | · | · | 2.7% | +2.4 ppsince 2015 | — | — | — | |
| Real interest rateReal interest rate, % | 4.4%2025 | 76/136 | 10/24 | · | · | 5.1% | −1.9 ppsince 2015 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 10.402025 | 105/210 | 15/57 | 8.80 | 6.04 | 9.42 | +29%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 24.5%2024 | 15/142 | 10/48 | 26.8% | 26.2% | 20.4% | +1.8 ppsince 2014 | 19.7% | 15.3% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 51.5%2024 | 4/142 | 1/48 | 47.7% | 46.0% | 42.9% | +6.8 ppsince 2014 | 34.7% | 26.3% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 34.5%2023 | 35/142 | 24/47 | 32.1% | 34.0% | 43.7% | +1.2 ppsince 2013 | 38.9% | 30.1% | 28.5% | |
| Private creditDomestic credit to private sector, % of GDP | 124.4%2024 | 15/169 | 4/48 | 96.5%2001 | 125.0% | 157.3% | −0.4 ppsince 2014 | 82.1% | 152.1% | 140.3% | |
| Broad moneyBroad money, % of GDP | 59.3%2024 | 78/146 | 15/28 | 48.2% | 57.4% | 73.2% | +0.2 ppsince 2014 | — | 138.4% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 4.42025 | 84/165 | 22/49 | 5.6 | 4.3 | 6.5 | −5.4%since 2015 | 6.3 | 7.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 3.28%2025 | 22/156 | 8/47 | 1.70% | 1.51% | 1.97% | +1.8 ppsince 2015 | 2.83% | 2.80% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
No rated indicator improved over the decade.
Worse than ten years ago
- Inflation+0.9 pp3.0% in 2025
- Reserves, months of imports−5.4%4.4 in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Norway and its neighbours
Countries sharing a land border with Norway. Latest values since 2005; the highest in each row is marked.
| Indicator | Norway | Russia | Sweden | Finland |
|---|---|---|---|---|
| Inflation | 3.0%2025 | 8.7%2025 | 0.7%2025 | 0.3%2025 |
| GDP deflator | 1.4%2025 | 4.9%2025 | 1.2%2025 | 1.5%2025 |
| Lending rate | 5.9%2025 | 17.1%2024 | 3.7%2006 | — |
| Real interest rate | 4.4%2025 | 5.8%2024 | 1.9%2006 | — |
| Exchange rate | 10.402025 | 83.652025 | 9.822025 | 0.882025 |
| Tax revenue | 24.5%2024 | 10.9%2024 | 27.2%2024 | 25.3%2024 |
| Government revenue | 51.5%2024 | 27.8%2024 | 33.0%2024 | 41.8%2024 |
| Government expense | 34.5%2023 | 30.0%2023 | 32.5%2022 | 44.9%2023 |
| Private credit | 124.4%2024 | 54.6%2021 | 125.3%2024 | 92.0%2024 |