Norway GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Norway's gdp deflator was -1.05% in 2025, ranked 204th globally. This represents a 359.1% decrease from 2024. Data from World Bank, covering 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.
Norway’s GDP deflator has swung dramatically over the 65‑year series, moving from a modest 2.65 % in 1961 to an all‑time peak of 28.42 % in 2022 before plunging to a trough of –11.08 % in 2023, the deepest deflationary episode on record. The latest reading for 2025 stands at –1.05 %, placing Norway at rank 204 globally and matching Brunei Darussalam’s –1.05 % figure, while China registers a slightly lower –1.09 % and New Caledonia a –0.97 % deflator. The sharp reversal from the 2022 high to the 2023 low reflects the combined impact of post‑pandemic demand contraction and volatile energy prices, which are particularly salient for an export‑oriented economy heavily weighted toward oil and gas. Although the 2025 deflator remains negative, the modest improvement from the 2023 trough suggests a tentative stabilization; any sustained recovery will likely depend on a resurgence in global commodity demand and monetary policy adjustments that curb price declines.
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 |
Detected Pattern
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
Norway's gdp deflator was -1.05% in 2025. Ranked 204th globally. This represents a 359.1% decrease from the previous year.
Norway's gdp deflator peaked at 28.42% in 2022.
The lowest gdp deflator in Norway was -11.08% in 2023.
Norway ranks 204th globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Norway's gdp deflator is projected to reach -1.05% by 2025 based on trend extrapolation.
The gdp deflator of Norway in 2025 was -1.05%. This ranks 204th in the world.
Cite this page
@misc{historysaid_norway_gdp-deflator,
title = {Norway GDP Deflator},
url = {https://historysaid.com/norway/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}