Norway Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Norway's foreign reserves was $81.1B in 2025, ranked 33rd globally. This represents a 0.2% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Norway's foreign reserves stood at $81.1B in 2025, a decline of +$133.9M from 2024. Based on recent trends, this figure is projected to reach $81.1B by 2025. Norway ranked 33rd globally.
Norway’s foreign‑exchange reserves have expanded from a modest 308,178,400.00 in 1960 to 81,107,651,268.04 in 2025, placing the country 33rd globally and keeping it within a narrow band alongside peers such as the Netherlands (82,853,192,179.57) and Viet Nam (81,021,578,737.48). The reserve stock peaked in 2021 at 84,270,941,751.08, a level only slightly above the current figure, while the all‑time trough occurred in 1961 with 303,430,200.00, reflecting a long‑term upward trajectory driven by sustained trade surpluses, sovereign wealth fund earnings, and prudent fiscal policy. Over the 66‑year coverage period, the growth rate has slowed considerably since the early 2000s, suggesting that future reserve accumulation will depend more on macro‑economic stability and the performance of Norway’s petroleum‑related assets than on rapid capital inflows. Continued diversification of export markets and disciplined fiscal management will be key to maintaining or modestly increasing the reserve pool.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $82.7B | - | - |
| 2026* trend | $81.9B | - | - |
| 2025* trend | $81.1B | - | - |
| 2025 | $81.1B | −$133.9M | #33 |
| 2024 | $81.2B | +$782.5M | #31 |
| 2023 | $80.5B | +$8.4B | #33 |
| 2022 | $72.1B | −$12.2B | #33 |
| 2021 | $84.3B | +$9.0B | #29 |
| 2020 | $75.3B | +$8.3B | #30 |
| 2019 | $66.9B | +$3.8B | #33 |
| 2018 | $63.1B | −$2.8B | #33 |
| 2017 | $65.9B | +$5.5B | #31 |
| 2016 | $60.4B | +$3.0B | #32 |
| 2015 | $57.5B | −$7.3B | #32 |
| 2014 | $64.8B | +$6.5B | #30 |
| 2013 | $58.3B | +$6.4B | #32 |
| 2012 | $51.9B | +$2.5B | #33 |
| 2011 | $49.4B | −$3.8B | #31 |
Detected Pattern
Analysis
Norway matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Norway's foreign reserves was $81.1B in 2025. Ranked 33rd globally. This represents a 0.2% decrease from the previous year.
Norway's foreign reserves peaked at $84.3B in 2021.
The lowest foreign reserves in Norway was $303.4M in 1961.
Norway ranks 33rd globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Norway's foreign reserves is projected to reach $81.1B by 2025 based on trend extrapolation.
Norway's foreign reserves was approximately 81.11 billion ($81.1B) in 2025.
The foreign reserves of Norway in 2025 was $81.1B. This ranks 33rd in the world.
Cite this page
@misc{historysaid_norway_reserves,
title = {Norway Foreign Reserves},
url = {https://historysaid.com/norway/reserves/},
publisher = {HistorySaid},
year = {2026}
}