Norway Total Trade of Goods & Services: % of Nominal GDP

1978 - 2023 | Quarterly | % | CEIC Data

Key information about Norway Total Trade of Goods and Services: % of Nominal GDP

  • Norway Total Trade of Goods & Services: % of Nominal GDP recorded 77.979 % in Dec 2023, compared with 81.294 % in the previous quarter.
  • Norway Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Mar 1978 to Dec 2023, with an averaged value of 70.216 %.
  • The data reached an all-time high of 88.528 % in Sep 2022 and a record low of 61.865 % in Dec 1987.

CEIC calculates quarterly Total Trade of Goods and Services as % of Nominal GDP from quarterly Total Trade of Goods and Services and quarterly Nominal GDP. Statistics Norway provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency, both based on ESA 2010.

View Norway's Total Trade of Goods & Services: % of Nominal GDP from Mar 1978 to Dec 2023 in the chart:

Norway Total Trade of Goods & Services: % of Nominal GDP

What was Norway's Total Trade of Goods & Services: % of Nominal GDP in Dec 2023?

Norway Total Trade of Goods & Services: % of Nominal GDP recorded 77.979 % in Dec 2023, compared with 81.294 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
77.979 Dec 2023 81.294 Sep 2023 61.865 Dec 1987 88.528 Sep 2022 % quarterly Mar 1978 - Dec 2023

Total Trade of Goods & Services: % of Nominal GDP by Country Comparison

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Includes Total Trade of Goods & Services: % of Nominal GDP on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 97.912 Sep 2023 quarterly Mar 2008 - Sep 2023
Algeria (%) 66.753 2022 yearly 1950 - 2022
Argentina (%) 25.051 Dec 2023 quarterly Mar 1993 - Dec 2023
Armenia (%) 123.511 Dec 2023 quarterly Dec 1994 - Dec 2023
Australia (%) 45.508 Dec 2023 quarterly Sep 1959 - Dec 2023
Austria (%) 114.564 Dec 2023 quarterly Mar 1964 - Dec 2023
Azerbaijan (%) 86.607 Dec 2023 quarterly Mar 2001 - Dec 2023
Bahrain (%) 159.813 2021 yearly 1975 - 2021
Bangladesh (%) 30.983 2023 yearly 1960 - 2023
Belarus (%) 138.384 Dec 2023 quarterly Mar 1995 - Dec 2023
Belgium (%) 166.861 Dec 2023 quarterly Mar 1980 - Dec 2023
Bolivia (%) 59.738 Sep 2023 quarterly Mar 1990 - Sep 2023
Bosnia and Herzegovina (%) 96.874 Dec 2023 quarterly Mar 2008 - Dec 2023
Botswana (%) 65.526 Dec 2023 quarterly Mar 1994 - Dec 2023
Brazil (%) 32.578 Dec 2023 quarterly Mar 1996 - Dec 2023
Brunei (%) 146.934 Sep 2023 quarterly Mar 2004 - Sep 2023
Bulgaria (%) 105.131 Dec 2023 quarterly Mar 1995 - Dec 2023
Cambodia (%) 123.187 2022 yearly 1988 - 2022
Canada (%) 65.425 Dec 2023 quarterly Mar 1961 - Dec 2023
Chile (%) 61.190 Dec 2023 quarterly Mar 1990 - Dec 2023
China (%) 36.606 Dec 2023 quarterly Mar 1998 - Dec 2023
Colombia (%) 38.463 Dec 2023 quarterly Mar 2005 - Dec 2023
Croatia (%) 101.989 Dec 2023 quarterly Mar 1995 - Dec 2023
Cyprus (%) 180.296 Dec 2023 quarterly Mar 1995 - Dec 2023
Czech Republic (%) 139.114 Dec 2023 quarterly Mar 1995 - Dec 2023
Denmark (%) 130.567 Dec 2023 quarterly Mar 1977 - Dec 2023
Ecuador (%) 55.229 Dec 2023 quarterly Mar 1991 - Dec 2023
Egypt (%) 34.826 Dec 2023 quarterly Sep 2001 - Dec 2023
Estonia (%) 148.098 Dec 2023 quarterly Mar 1995 - Dec 2023
European Union (%) 98.287 Dec 2023 quarterly Mar 1995 - Dec 2023
Finland (%) 81.663 Dec 2023 quarterly Mar 1970 - Dec 2023
France (%) 64.201 Dec 2023 quarterly Mar 1975 - Dec 2023
Georgia (%) 98.420 Dec 2023 quarterly Mar 1996 - Dec 2023
Germany (%) 87.277 Dec 2023 quarterly Mar 1991 - Dec 2023
Ghana (%) 69.037 2023 yearly 1983 - 2023
Greece (%) 89.771 Dec 2023 quarterly Mar 1995 - Dec 2023
Hong Kong SAR, China (%) 361.708 Dec 2023 quarterly Mar 1973 - Dec 2023
Hungary (%) 133.205 Dec 2023 quarterly Mar 1995 - Dec 2023
Iceland (%) 84.830 Dec 2023 quarterly Mar 1995 - Dec 2023
India (%) 45.560 Dec 2023 quarterly Jun 1996 - Dec 2023
Indonesia (%) 42.927 Dec 2023 quarterly Mar 1993 - Dec 2023
Iran (%) 44.699 2020 yearly 1959 - 2020
Ireland (%) 259.702 Dec 2023 quarterly Mar 1995 - Dec 2023
Israel (%) 57.447 Dec 2023 quarterly Mar 1995 - Dec 2023
Italy (%) 65.527 Dec 2023 quarterly Mar 1980 - Dec 2023
Ivory Coast (%) 50.313 2023 yearly 1960 - 2023
Japan (%) 46.120 Dec 2023 quarterly Mar 1955 - Dec 2023
Jordan (%) 80.489 2021 yearly 1967 - 2021
Kazakhstan (%) 66.742 Sep 2023 quarterly Mar 1994 - Sep 2023
Kenya (%) 33.730 2022 yearly 1964 - 2022
South Korea (%) 87.660 Dec 2023 quarterly Mar 1960 - Dec 2023
Kosovo (%) 97.236 Dec 2023 quarterly Mar 2010 - Dec 2023
Kuwait (%) 96.410 2019 yearly 1962 - 2019
Kyrgyzstan (%) 98.747 Sep 2016 quarterly Mar 2000 - Sep 2016
Laos (%) 75.092 2016 yearly 1984 - 2016
Latvia (%) 130.599 Jun 2023 quarterly Mar 1992 - Jun 2023
Lebanon (%) 87.417 2020 yearly 1990 - 2020
Lithuania (%) 152.705 Dec 2023 quarterly Mar 1995 - Dec 2023
Luxembourg (%) 392.412 Dec 2023 quarterly Mar 1995 - Dec 2023
Macau SAR, China (%) 138.032 Dec 2023 quarterly Mar 1998 - Dec 2023
North Macedonia (%) 148.980 Dec 2023 quarterly Mar 2000 - Dec 2023
Malawi (%) 46.339 2019 yearly 1960 - 2019
Malaysia (%) 134.009 Dec 2023 quarterly Mar 1991 - Dec 2023
Malta (%) 309.983 Dec 2023 quarterly Mar 1992 - Dec 2023
Mauritius (%) 99.884 Dec 2023 quarterly Mar 1999 - Dec 2023
Mexico (%) 71.793 Sep 2023 quarterly Mar 1993 - Sep 2023
Moldova (%) 87.779 Dec 2023 quarterly Mar 1995 - Dec 2023
Mongolia (%) 117.628 Dec 2023 quarterly Mar 2005 - Dec 2023
Montenegro (%) 103.656 Dec 2023 quarterly Mar 2010 - Dec 2023
Morocco (%) 96.419 Dec 2023 quarterly Mar 2007 - Dec 2023
Mozambique (%) 135.560 2022 yearly 1991 - 2022
Myanmar (%) 49.145 2019 yearly 2019 - 2019
Nepal (%) 43.659 2023 yearly 1969 - 2023
Netherlands (%) 154.303 Dec 2023 quarterly Mar 1987 - Dec 2023
New Zealand (%) 50.130 Dec 2023 quarterly Jun 1987 - Dec 2023
Nigeria (%) 29.308 Jun 2023 quarterly Mar 2010 - Jun 2023
Norway (%) 77.979 Dec 2023 quarterly Mar 1978 - Dec 2023
Oman (%) 95.667 2021 yearly 1980 - 2021
Pakistan (%) 27.749 2023 yearly 2000 - 2023
Palestinian Territory (%) 87.436 Dec 2023 quarterly Mar 2011 - Dec 2023
Panama (%) 95.912 2022 yearly 1960 - 2022
Paraguay (%) 83.471 Dec 2023 quarterly Mar 1994 - Dec 2023
Peru (%) 50.841 Dec 2023 quarterly Mar 1980 - Dec 2023
Philippines (%) 57.898 Dec 2023 quarterly Mar 1981 - Dec 2023
Poland (%) 100.250 Dec 2023 quarterly Mar 2002 - Dec 2023
Portugal (%) 89.840 Dec 2023 quarterly Mar 1977 - Dec 2023
Qatar (%) 90.505 Jun 2023 quarterly Mar 2013 - Jun 2023
Romania (%) 71.542 Dec 2023 quarterly Mar 1995 - Dec 2023
Russia (%) 38.802 Dec 2023 quarterly Mar 1995 - Dec 2023
Saudi Arabia (%) 61.506 Dec 2023 quarterly Mar 2003 - Dec 2023
Serbia (%) 117.807 Dec 2023 quarterly Mar 1995 - Dec 2023
Singapore (%) 308.847 Dec 2023 quarterly Mar 1975 - Dec 2023
Slovakia (%) 176.849 Dec 2023 quarterly Mar 1990 - Dec 2023
Slovenia (%) 153.368 Dec 2023 quarterly Mar 1995 - Dec 2023
South Africa (%) 65.176 Dec 2023 quarterly Mar 1960 - Dec 2023
Spain (%) 70.632 Dec 2023 quarterly Mar 1980 - Dec 2023
Sri Lanka (%) 41.549 Dec 2023 quarterly Mar 2010 - Dec 2023
Sudan (%) 41.299 2019 yearly 1996 - 2019
Sweden (%) 104.471 Dec 2023 quarterly Mar 1980 - Dec 2023
Switzerland (%) 135.134 Dec 2023 quarterly Mar 1980 - Dec 2023

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Norway Key Series

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Includes 242 key indicators for Norway, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 16.3 Dec 2023 quarterly Dec 2002 - Dec 2023
Consolidated Fiscal Balance (USD mn) 14,604.965 Dec 2023 quarterly Mar 2002 - Dec 2023
Tax Revenue (USD mn) 41,251.074 Dec 2023 quarterly Mar 2002 - Dec 2023
Tax Revenue: % of GDP (%) 32.6 Dec 2023 quarterly Mar 2002 - Dec 2023
National Government Debt (USD mn) 224,382.7 2023 yearly 1995 - 2023
Government Debt: % of GDP (%) 44.3 2023 yearly 1995 - 2023
Forecast: Government Expenditure (NOK bn) 2,771.660 2028 yearly 1980 - 2028
Forecast: Government Net Debt (NOK bn) 2,191.300 2028 yearly 1980 - 2028
Forecast: Government Revenue (NOK bn) 3,394.140 2028 yearly 1980 - 2028
General Govt Taxes: GS: Value Added Tax (NOK mn) 381,500.000 2023 yearly 1995 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.315 2028 yearly 1980 - 2028
Trade Balance (USD mn) 4,906.7 Feb 2024 monthly Jan 1957 - Feb 2024
Total Exports (USD mn) 12,277.9 Feb 2024 monthly Jan 1975 - Feb 2024
Total Exports Growth (%) -21.3 Feb 2024 monthly Jan 1976 - Feb 2024
Aluminum: Exports (USD th) 6,135,979.913 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 448,682.646 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 277,185.408 2022 yearly 1995 - 2022
Total Imports (USD mn) 7,371.2 Feb 2024 monthly Jan 1976 - Feb 2024
Total Imports Growth (%) -2.4 Feb 2024 monthly Jan 1977 - Feb 2024
Imports: Medicament (USD th) 1,781,332.513 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,061,381.998 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 449.730 Feb 2024 monthly Jan 1988 - Feb 2024
Total Imports from USA (USD mn) 482.477 Feb 2024 monthly Apr 1963 - Feb 2024
Total Exports to China (USD mn) 220.004 Feb 2024 monthly Mar 1977 - Feb 2024
Total Imports from China (USD mn) 764.485 Feb 2024 monthly Apr 1963 - Feb 2024
Exports: Crude Oil (NOK mn) 37,242.000 Feb 2024 monthly Jan 1974 - Feb 2024
Imports (NOK mn) 77,812.000 Feb 2024 monthly Jan 1976 - Feb 2024
Exports (NOK mn) 129,608.000 Feb 2024 monthly Jan 1975 - Feb 2024
Exports: United Kingdom (NOK th) 23,248,251.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: Netherlands (NOK th) 12,977,337.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: Sweden (NOK th) 10,823,383.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: Germany (NOK th) 22,026,793.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: France (NOK th) 7,495,122.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Chemical and Related Product (NOK th) 6,735,434.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Food and Live Animals (NOK th) 13,532,875.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Manufactured Goods (NOK th) 10,968,711.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 80,605,812.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 10,976,238.000 Feb 2024 monthly Jan 1988 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,229.3 Dec 2023 quarterly Mar 1994 - Dec 2023
Current Account Balance (USD mn) 27,310.5 Mar 2023 quarterly Mar 1981 - Mar 2023
Current Account Balance: % of GDP (%) 16.1 Sep 2023 quarterly Mar 1981 - Sep 2023
Foreign Direct Investment (USD mn) -566.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) -0.9 Dec 2022 quarterly Mar 2005 - Dec 2022
Foreign Portfolio Investment (USD mn) 11,218.004 Dec 2023 quarterly Mar 1994 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 8.9 Dec 2023 quarterly Mar 1994 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -1,029.3 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 12,247.320 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt (USD mn) 772,516.8 Dec 2023 quarterly Mar 2003 - Dec 2023
External Debt: % of GDP (%) 152.5 2023 yearly 2003 - 2023
External Debt: Short Term (USD mn) 291,620.9 Sep 2023 quarterly Mar 2012 - Sep 2023
External Debt: Short Term: % of GDP (%) 51.9 2022 yearly 2012 - 2022
Total Debt: % of GDP (%) 589.0 Dec 2023 quarterly Dec 1995 - Dec 2023
Forecast: Current Account Balance (USD bn) 105.824 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 1,509,953.566 Dec 2023 quarterly Mar 2012 - Dec 2023
BoP: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) 537,644.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Direct Investment (DI) (NOK mn) 24,134.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Other Investments (NOK mn) 200,228.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities (NOK mn) 466,632.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities: Direct Investment (DI) (NOK mn) -6,135.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities: Portfolio Investment (PI) (NOK mn) 121,442.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: Financial Account (FA): Foreign Assets (NOK mn) 735,342.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities: Other Investments (NOK mn) 351,325.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Reserve Assets (NOK mn) -26,664.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: Current Account Balance (NOK mn) 171,339.000 Jun 2023 quarterly Mar 1981 - Jun 2023
BoP: BI: Net Compensation of Employees and Investment Income (NOK mn) 61,807.000 Jun 2023 quarterly Mar 1981 - Jun 2023
BoP: BI: Net Current Transfers (NOK mn) -24,571.000 Jun 2023 quarterly Mar 1981 - Jun 2023
International Investment Position (IIP): Foreign Assets: Net (NOK mn) 15,283,750.000 Dec 2023 quarterly Mar 2012 - Dec 2023
IIP: Foreign Assets (NOK mn) 25,975,856.000 Dec 2023 quarterly Mar 2012 - Dec 2023
IIP: Foreign Liabilities (NOK mn) 10,692,106.000 Dec 2023 quarterly Mar 2012 - Dec 2023
Gross External Debt (NOK mn) 7,819,415.000 Dec 2023 quarterly Mar 2012 - Dec 2023
Gross Debt: External Loan Debt: General Public (NOK mn) 1,222,575.000 Dec 2018 quarterly Dec 2015 - Dec 2018
Foreign Direct Investment: Stock (NOK mn) 1,542,388.000 2022 yearly 2004 - 2022
Direct Investment Abroad: Stock: Equity Capital (NOK mn) 1,701,383.000 2017 yearly 2004 - 2017
Direct Investment Abroad: Stock: Equity Capital: Singapore (NOK mn) 84,769.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Africa (NOK mn) 17,239.000 2022 yearly 2004 - 2022
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 203,949.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 278,938.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 2,508.000 2022 yearly 1998 - 2022
No of Bankruptcies: SIC 2007 (Unit) 1,186.000 Dec 2023 quarterly Mar 2006 - Dec 2023
No of New Registered Enterprises (Unit) 16,192.000 Dec 2023 quarterly Mar 2001 - Dec 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.4 2022 yearly 1990 - 2022
Household Debt: % of GDP (%) 91.5 Dec 2023 quarterly Dec 1995 - Dec 2023
Money Supply M1 (USD mn) 247,743.328 Feb 2024 monthly Dec 1992 - Feb 2024
Money Supply M2 (USD mn) 287,449.590 Feb 2024 monthly Dec 1992 - Feb 2024
M2 Growth (%) -0.9 Feb 2024 monthly Dec 1993 - Feb 2024
Reserve Requirement Ratio (%) 3.5 Mar 2024 monthly Oct 2011 - Mar 2024
Foreign Exchange Reserves (USD mn) 73,487.5 Mar 2024 monthly Jan 1999 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 14.217 Dec 2023 quarterly Mar 1999 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 10.2 Mar 2024 monthly Jan 1999 - Mar 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Dec 1959 - Mar 2024
Total Deposits (USD mn) 468,775.087 Feb 2024 monthly May 2009 - Feb 2024
Total Deposits Growth (%) 1.2 Feb 2024 monthly May 2010 - Feb 2024
Domestic Credit (USD mn) 688,972.4 Feb 2024 monthly Dec 1985 - Feb 2024
Domestic Credit Growth (%) 3.5 Feb 2024 monthly Dec 1986 - Feb 2024
Debt Service Ratio: Households (%) 19.500 Sep 2023 quarterly Mar 1999 - Sep 2023
Debt Service Ratio: Private Non-Financial Sector (%) 34.300 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 414.690 Sep 2023 quarterly Mar 1975 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 1,108.913 Sep 2023 quarterly Dec 1953 - Sep 2023
Household Debt (USD mn) 463,793.2 Dec 2023 quarterly Dec 1995 - Dec 2023
Total Loans (USD mn) 776,042.482 Dec 2023 monthly Mar 1996 - Dec 2023
Total Loans Growth (%) 4.57 Dec 2023 monthly Mar 1997 - Dec 2023
Private Debt: % of Nominal GDP (%) 118.20 Dec 2023 quarterly Mar 1996 - Dec 2023
Monetary Aggregates: Base Money (NOK mn) 69,307.000 Feb 2024 monthly Jan 1900 - Feb 2024
Official Reserve Assets (NOK mn) 863,407.000 Feb 2024 monthly Jan 1999 - Feb 2024
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 732,187.000 Mar 2024 monthly Jan 1999 - Mar 2024
Bank Deposits (NOK mn) 4,972,813.000 Feb 2024 monthly May 2009 - Feb 2024
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Loans: Banks (NOK mn) 4,927,383.000 Feb 2024 monthly Jan 1996 - Feb 2024
Non Performing Loans Ratio: Enterprises (%) 0.500 2022 yearly 1990 - 2022
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 4.0 Mar 2024 monthly Feb 2005 - Mar 2024
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

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