Norway - Inflation Rate 2023
5.52%
−0.25pp from 2022
Norway's inflation rate was 5.52% in 2023, decreased +0.25pp from 5.76% in 2022. This was the 89th highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Afghanistan | -4.64% | -143.8% |
| 2nd | Turkmenistan | -1.59% | -114.2% |
| 3rd | Seychelles | -1.04% | -139.3% |
| 4th | Bahrain | 0.07% | -97.9% |
| 5th | China | 0.23% | -88.1% |
| 6th | Brunei Darussalam | 0.36% | -90.3% |
| 7th | Macao SAR, China | 0.48% | -54.4% |
| 8th | Costa Rica | 0.53% | -93.7% |
| 9th | Burkina Faso | 0.74% | -94.6% |
| 10th | Yemen, Republic of | 0.86% | -97.1% |
| 11th | Oman | 0.95% | -62.2% |
| 12th | Panama | 1.49% | -48.0% |
| 13th | Djibouti | 1.50% | -71.1% |
| 14th | United Arab Emirates | 1.63% | -66.3% |
| 15th | Armenia | 1.98% | -77.4% |
| 16th | Mali | 2.06% | -78.8% |
| 17th | Jordan | 2.08% | -50.7% |
| 18th | Hong Kong SAR, China | 2.10% | 11.5% |
| 19th | Cambodia | 2.13% | -60.1% |
| 20th | Liechtenstein | 2.14% | -24.7% |
| 21st | Switzerland | 2.14% | -24.7% |
| 22nd | Ecuador | 2.22% | -36.1% |
| 23rd | Papua New Guinea | 2.30% | -56.2% |
| 24th | Saudi Arabia | 2.33% | -5.9% |
| 25th | Fiji | 2.34% | -45.7% |
| 26th | Libya | 2.37% | -47.4% |
| 27th | South Sudan | 2.38% | 174.2% |
| 28th | Georgia | 2.49% | -79.1% |
| 29th | Malaysia | 2.49% | -26.3% |
| 30th | Bolivia, Plurinational State of | 2.58% | 47.5% |
| 31st | Grenada | 2.70% | 5.3% |
| 32nd | Benin | 2.74% | 102.7% |
| 33rd | Guyana | 2.82% | -56.5% |
| 34th | Equatorial Guinea | 2.86% | -41.3% |
| 35th | Maldives | 2.93% | 12.6% |
| 36th | Central African Republic | 2.98% | -46.6% |
| 37th | Qatar | 3.03% | -39.0% |
| 38th | Bahamas, The | 3.05% | -45.5% |
| 39th | Viet Nam | 3.25% | 3.0% |
| 40th | Japan | 3.27% | 30.9% |
| 41st | Denmark | 3.31% | -61.3% |
| 42nd | Aruba | 3.36% | -39.1% |
| 43rd | Greece | 3.46% | -62.7% |
| 44th | Puerto Rico (US) | 3.48% | -42.2% |
| 45th | Spain | 3.53% | -57.6% |
| 46th | Cyprus | 3.54% | -56.3% |
| 47th | St. Kitts and Nevis | 3.56% | 33.3% |
| 48th | Korea | 3.60% | -29.3% |
| 49th | Gabon | 3.63% | -14.6% |
| 50th | Kuwait | 3.64% | -8.5% |
| 51st | Tajikistan | 3.65% | -45.0% |
| 52nd | Indonesia | 3.67% | -11.3% |
| 53rd | Niger | 3.70% | -12.5% |
| 54th | Cabo Verde | 3.72% | -53.0% |
| 55th | Luxembourg | 3.74% | -54.1% |
| 56th | Tanzania | 3.80% | -12.7% |
| 57th | Netherlands | 3.84% | -67.0% |
| 58th | Canada | 3.88% | -42.8% |
| 59th | El Salvador | 4.05% | -43.8% |
| 60th | Belgium | 4.05% | -60.8% |
| 61st | St. Lucia | 4.07% | -36.2% |
| 62nd | United States | 4.12% | -48.5% |
| 63rd | Israel | 4.23% | -3.9% |
| 64th | Bhutan | 4.23% | -28.9% |
| 65th | Congo, Republic of | 4.30% | 42.2% |
| 66th | Portugal | 4.31% | -46.8% |
| 67th | Iraq | 4.36% | -12.6% |
| 68th | Côte d'Ivoire | 4.37% | -16.6% |
| 69th | Belize | 4.39% | -30.0% |
| 70th | St. Vincent and the Grenadines | 4.56% | -19.4% |
| 71st | Brazil | 4.59% | -50.5% |
| 72nd | Trinidad and Tobago | 4.63% | -20.5% |
| 73rd | Paraguay | 4.63% | -52.6% |
| 74th | Albania | 4.76% | -29.3% |
| 75th | Nauru | 4.78% | 317.3% |
| 76th | Dominican Republic | 4.79% | -45.7% |
| 77th | Singapore | 4.83% | -21.2% |
| 78th | France | 4.88% | -17.4% |
| 79th | Kosovo | 4.94% | -57.3% |
| 80th | Eswatini | 4.95% | 3.1% |
| 81st | Mauritania | 4.95% | -48.2% |
| 82nd | Belarus | 5.00% | -67.2% |
| 83rd | Antigua and Barbuda | 5.07% | -32.7% |
| 84th | Botswana | 5.07% | -58.4% |
| 85th | Dominica | 5.09% | -34.0% |
| 86th | Malta | 5.09% | -16.9% |
| 87th | Uganda | 5.35% | -25.6% |
| 88th | Togo | 5.49% | -28.0% |
| 89th | Norway | 5.52% | -4.3% |
| 90th | Mexico | 5.53% | -30.0% |
| 91st | Australia | 5.60% | -15.9% |
| 92nd | Andorra | 5.61% | -9.6% |
| 93rd | Italy | 5.62% | -35.6% |
| 94th | India | 5.65% | -15.1% |
| 95th | New Zealand | 5.73% | -20.1% |
| 96th | Russian Federation | 5.87% | -57.3% |
| 97th | Uruguay | 5.87% | -35.5% |
| 98th | West Bank and Gaza | 5.87% | 57.0% |
| 99th | Namibia | 5.88% | -3.2% |
| 100th | Solomon Islands | 5.89% | 8.9% |
| 101st | San Marino | 5.93% | 11.4% |
| 102nd | Senegal | 5.94% | -38.7% |
| 103rd | Germany | 5.95% | -31.4% |
| 104th | Philippines | 5.98% | 2.7% |
| 105th | South Africa | 6.08% | -11.5% |
| 106th | Morocco | 6.09% | -8.3% |
| 107th | Bosnia and Herzegovina | 6.11% | -56.4% |
| 108th | Somalia, Fed. Rep. | 6.17% | -8.9% |
| 109th | Guatemala | 6.21% | -9.8% |
| 110th | Micronesia, Federated States of | 6.21% | 23.7% |
| 111th | Finland | 6.25% | -12.8% |
| 112th | Ireland | 6.30% | -22.0% |
| 113th | European Union | 6.30% | -28.7% |
| 114th | Lesotho | 6.34% | -22.2% |
| 115th | Tonga | 6.35% | -3.0% |
| 116th | Peru | 6.46% | -18.0% |
| 117th | Jamaica | 6.47% | -37.4% |
| 118th | Honduras | 6.66% | -26.7% |
| 119th | United Kingdom | 6.79% | -25.1% |
| 120th | Mauritius | 7.05% | -34.6% |
| 121st | Guinea-Bissau | 7.10% | -10.3% |
| 122nd | Nepal | 7.12% | 11.7% |
| 123rd | Mozambique | 7.13% | -31.3% |
| 124th | Tuvalu | 7.17% | -41.1% |
| 125th | Cameroon | 7.38% | 18.1% |
| 126th | Marshall Islands | 7.44% | 168.1% |
| 127th | Slovenia | 7.45% | -15.7% |
| 128th | Chile | 7.58% | -34.9% |
| 129th | Kenya | 7.67% | 0.3% |
| 130th | Guinea | 7.80% | -25.7% |
| 131st | Austria | 7.81% | -9.3% |
| 132nd | Samoa | 7.92% | -9.4% |
| 133rd | Croatia | 7.94% | -25.6% |
| 134th | Comoros | 8.37% | -32.7% |
| 135th | Nicaragua | 8.39% | -19.9% |
| 136th | Timor-Leste | 8.42% | 20.2% |
| 137th | Thailand | 8.48% | 39.5% |
| 138th | Sweden | 8.55% | 6.1% |
| 139th | Montenegro | 8.58% | -34.2% |
| 140th | Iceland | 8.74% | 5.2% |
| 141st | Azerbaijan | 8.79% | -36.6% |
| 142nd | Latvia | 8.94% | -48.2% |
| 143rd | Lithuania | 9.12% | -51.7% |
| 144th | Estonia | 9.16% | -52.9% |
| 145th | Kiribati | 9.28% | 73.6% |
| 146th | Algeria | 9.32% | 0.6% |
| 147th | Tunisia | 9.33% | 12.3% |
| 148th | North Macedonia | 9.36% | -34.1% |
| 149th | Bulgaria | 9.44% | -27.5% |
| 150th | Barbados | 9.79% | 124.5% |
| 151st | Madagascar | 9.87% | 21.1% |
| 152nd | Bangladesh | 9.88% | 60.7% |
| 153rd | Uzbekistan | 9.96% | -13.0% |
| 154th | Liberia | 10.09% | 32.9% |
| 155th | Mongolia | 10.35% | -31.7% |
| 156th | Romania | 10.40% | -24.7% |
| 157th | Slovak Republic | 10.53% | -13.2% |
| 158th | Czechia | 10.66% | -29.4% |
| 159th | Kyrgyz Republic | 10.75% | -22.7% |
| 160th | Chad | 10.84% | 85.8% |
| 161st | Zambia | 10.88% | -1.0% |
| 162nd | Vanuatu | 11.18% | 67.4% |
| 163rd | Poland | 11.53% | -18.9% |
| 164th | Colombia | 11.74% | 15.2% |
| 165th | Serbia | 12.37% | 3.3% |
| 166th | Palau | 12.82% | -2.8% |
| 167th | Ukraine | 12.85% | -36.3% |
| 168th | Moldova | 13.42% | -53.3% |
| 169th | Angola | 13.64% | -36.1% |
| 170th | Kazakhstan | 14.72% | -1.7% |
| 171st | Sri Lanka | 16.54% | -63.4% |
| 172nd | Gambia, The | 16.97% | 47.4% |
| 173rd | Hungary | 17.12% | 17.1% |
| 174th | Rwanda | 19.79% | 42.6% |
| 175th | Congo, Democratic Republic of | 19.89% | 114.7% |
| 176th | São Tomé and Principe | 21.26% | 18.1% |
| 177th | Nigeria | 24.66% | 30.8% |
| 178th | Myanmar | 25.49% | -9.0% |
| 179th | Burundi | 26.94% | 42.9% |
| 180th | Malawi | 28.79% | 38.2% |
| 181st | Pakistan | 30.77% | 153.2% |
| 182nd | Lao PDR | 31.23% | 36.0% |
| 183rd | Egypt, Arab Republic of | 33.88% | 298.6% |
| 184th | Haiti | 36.81% | 33.5% |
| 185th | Ghana | 38.11% | 19.4% |
| 186th | Iran, Islamic Republic of | 44.58% | -2.6% |
| 187th | Sierra Leone | 47.64% | 75.1% |
| 188th | Suriname | 51.59% | -1.6% |
| 189th | Türkiye | 53.86% | -25.5% |
| 190th | Sudan | 77.25% | -44.3% |
| 191st | Argentina | 133.49% | 84.3% |
| 192nd | Lebanon | 221.34% | 29.3% |
| 193rd | Zimbabwe | 667.36% | 245.1% |
FAQ
What was Norway's inflation rate in 2023?▾
Norway's inflation rate in 2023 was 5.52%. This ranked 89th globally.
How did Norway's inflation rate change in 2023?▾
Norway's inflation rate decreased by 4.3% in 2023 compared to 2022.
Which country had the highest inflation rate in 2023?▾
Zimbabwe had the highest inflation rate in 2023 at 667.36%.
What is the inflation rate of Norway in 2023?▾
The inflation rate of Norway in 2023 was 5.52%. This ranked 89th globally.
How does 2023 compare to 2022 for Norway's inflation rate?▾
Norway's inflation rate went from 5.76% in 2022 to 5.52% in 2023, a 4.3% decrease.
Related
2022
2024
All years
Full ranking 2023
Consumer Price Index
PPP Conversion Factor
Peak: 1981
Lowest: 1960
Inflation Rate 1990s
Inflation Rate 2000s
Inflation Rate 2010s
Inflation Rate 2020s
Highest ever
Lowest ever
Average
vs United States
vs Singapore
vs Isle of Man
vs Iceland
NATO Inflation Rate
OECD Inflation Rate
Global Ranking