Norway PPP Conversion Factor
PPP conversion factor, GDP PA.NUS.PPP
Norway's ppp conversion factor was 8.71 in 2025, ranked 86th globally. This represents a 4.7% decrease from 2024. Data from World Bank, covering 1990–2025.
Overview
Norway's ppp conversion factor stood at 8.71 in 2025, a decline of +0.43 from 2024. Based on recent trends, this figure is projected to reach 8.71 by 2025. Norway ranked 86th globally.
Norway’s purchasing power parity (PPP) conversion factor stood at 8.71 in 2025, placing the country 86th in the World Bank’s global ranking and reflecting a modest decline from the 1990 level of 9.58. The factor reached its all‑time high of 10.04 in 2016, driven by strong export earnings and a buoyant oil sector, before falling to a trough of 8.37 in 2022 as global energy prices softened and domestic inflation rose. Over the 36‑year coverage period, the indicator has trended downward, mirroring the gradual convergence of Norwegian wages with international price levels. By comparison, Sweden’s PPP conversion factor of 8.51 in the same year signals a similar but slightly lower purchasing‑power gap, while Thailand’s 10.22 underscores a broader divergence among economies with different commodity exposures. Future movements will hinge on Norway’s ability to diversify beyond hydrocarbons and on the trajectory of global commodity prices, which could either stabilise the current level or prompt a further modest decline.
Data & projection
| Year | PPP Conversion Factor | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 8.52 | - | - |
| 2026* trend | 8.62 | - | - |
| 2025* trend | 8.71 | - | - |
| 2025 | 8.71 | −0.43 | #86 |
| 2024 | 9.14 | +0.22 | #107 |
| 2023 | 8.92 | +0.55 | #113 |
| 2022 | 8.37 | −0.61 | #115 |
| 2021 | 8.98 | −0.60 | #118 |
| 2020 | 9.59 | +0.11 | #118 |
| 2019 | 9.48 | −0.10 | #118 |
| 2018 | 9.58 | −0.17 | #119 |
| 2017 | 9.75 | −0.29 | #120 |
| 2016 | 10.04 | +0.11 | #122 |
| 2015 | 9.93 | +0.65 | #123 |
| 2014 | 9.28 | +0.25 | #123 |
| 2013 | 9.03 | −0.01 | #123 |
| 2012 | 9.04 | −0.05 | #123 |
| 2011 | 9.08 | −0.07 | #125 |
Detected Pattern
Analysis
Norway matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw ppp conversion factor improve within 24 months. View full analysis →
Frequently Asked Questions
Norway's ppp conversion factor was 8.71 in 2025. Ranked 86th globally. This represents a 4.7% decrease from the previous year.
Norway's ppp conversion factor peaked at 10.04 in 2016.
The lowest ppp conversion factor in Norway was 8.37 in 2022.
Norway ranks 86th globally in ppp conversion factor as of 2025.
The World Bank indicator code is PA.NUS.PPP. Data sourced from World Bank.
Norway's ppp conversion factor is projected to reach 8.71 by 2025 based on trend extrapolation.
The ppp conversion factor of Norway in 2025 was 8.71. This ranks 86th in the world.
Cite this page
@misc{historysaid_norway_ppp-conversion-factor,
title = {Norway PPP Conversion Factor},
url = {https://historysaid.com/norway/ppp-conversion-factor/},
publisher = {HistorySaid},
year = {2026}
}