Home Norway Economy & Growth GDP Deflator

Norway GDP Deflator

Inflation as measured by annual growth rate of GDP implicit deflator  NY.GDP.DEFL.KD.ZG

-1.05% −0.82pp (-359.1%)
Year 2025 Rank #204 Global Peak 28.42% (2022) Source World Bank

Norway GDP Deflator (1961–2025)

Overview

Norway's gdp deflator stood at -1.05% in 2025, a decline of +0.82pp from 2024. Based on recent trends, this figure is projected to reach -1.05% by 2025. Norway ranked 204th globally.

Data & projection

Year GDP Deflator YoY change Rank
2027* trend -6.40% - -
2026* trend -3.72% - -
2025* trend -1.05% - -
2025 -1.05% −0.82pp #204
2024 -0.23% +10.85pp #14
2023 -11.08% −39.49pp #6
2022 28.42% +8.20pp #195
2021 20.21% +22.73pp #186
2020 -2.52% −1.97pp #25
2019 -0.55% −7.29pp #21
2018 6.74% +2.66pp #165
2017 4.08% +5.68pp #128
2016 -1.60% +1.21pp #16
2015 -2.80% −3.06pp #26
2014 0.26% −2.29pp #41
2013 2.55% −0.80pp #116
2012 3.35% −3.32pp #94
2011 6.67% +0.72pp #123
Show all years (1961-2025)
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +12.0% GDP growth 3.9% C/A balance 14.8%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Norway matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp deflator improve within 24 months. View full analysis →

Frequently Asked Questions

What is Norway's gdp deflator?

Norway's gdp deflator was -1.05% in 2025. Ranked 204th globally. This represents a 359.1% decrease from the previous year.

What was the highest gdp deflator in Norway?

Norway's gdp deflator peaked at 28.42% in 2022.

What was the lowest gdp deflator in Norway?

The lowest gdp deflator in Norway was -11.08% in 2023.

How does Norway rank in gdp deflator?

Norway ranks 204th globally in gdp deflator as of 2025.

What is the World Bank indicator code for gdp deflator?

The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.

What is the projected gdp deflator of Norway in 2025?

Norway's gdp deflator is projected to reach -1.05% by 2025 based on trend extrapolation.

What is the gdp deflator of Norway in 2025?

The gdp deflator of Norway in 2025 was -1.05%. This ranks 204th in the world.

Cite this page

APA
Norway GDP Deflator. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/norway/gdp-deflator
BibTeX
@misc{historysaid_norway_gdp-deflator, title = {Norway GDP Deflator}, url = {https://historysaid.com/norway/gdp-deflator}, publisher = {HistorySaid}, year = {2026} }