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Norway Services Value Added

Services value added as % of GDP  NV.SRV.TOTL.ZS

Norway's services value added was 45.89% in 2025, ranked 157th globally. This represents a 11.4% decrease from 2024. Data from World Bank, covering 1970–2025.

45.89% −5.92% (-11.4%)
Year 2025 Rank #157 Global Peak 59.60% (2020) Source World Bank

Norway Services Value Added (1970–2025)

Overview

Norway's services value added stood at 45.89% in 2025, a decline of +5.92% from 2024. Based on recent trends, this figure is projected to reach 45.89% by 2025. Norway ranked 157th globally.

Norway’s services value added fell to 45.89 in 2025, placing the country 157th in the world and marking a sharp decline from the all‑time peak of 59.60 recorded in 2020. The downward swing accelerated after the all‑time trough of 41.82 in 2022, suggesting that the contraction in service‑sector output persisted for several years. Over the 56‑year series beginning in 1970, when services value added stood at 55.31, the long‑term trend has been negative, contrasting with the modestly higher figures of peer economies such as Rwanda (46.79) and Nicaragua (45.92). The sustained fall may reflect structural shifts, including reduced demand for high‑value tourism and digital services, as well as broader macro‑economic pressures. If policy measures succeed in revitalising export‑oriented services and enhancing productivity, the downward trajectory could be halted, allowing Norway’s service sector to regain some of the momentum lost since the early 2020s.

Data & projection

Year Services Value Added YoY change Rank
2027* trend 42.65% - -
2026* trend 44.27% - -
2025* trend 45.89% - -
2025 45.89% −5.92% #157
2024 51.81% +1.85% #63
2023 49.96% +8.13% #59
2022 41.82% −8.74% #31
2021 50.57% −9.04% #63
2020 59.60% +2.29% #114
2019 57.31% +2.74% #105
2018 54.57% −1.71% #90
2017 56.29% −1.65% #98
2016 57.93% +1.95% #105
2015 55.98% +2.55% #95
2014 53.43% +1.38% #83
2013 52.06% +0.96% #78
2012 51.10% +0.52% #75
2011 50.58% −1.71% #76
Show all years (1970-2025)
* 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 services value added improve within 24 months. View full analysis →

Frequently Asked Questions

What is Norway's services value added?▾

Norway's services value added was 45.89% in 2025. Ranked 157th globally. This represents a 11.4% decrease from the previous year.

What was the highest services value added in Norway?▾

Norway's services value added peaked at 59.60% in 2020.

What was the lowest services value added in Norway?▾

The lowest services value added in Norway was 41.82% in 2022.

How does Norway rank in services value added?▾

Norway ranks 157th globally in services value added as of 2025.

What is the World Bank indicator code for services value added?▾

The World Bank indicator code is NV.SRV.TOTL.ZS. Data sourced from World Bank.

What is the projected services value added of Norway in 2025?▾

Norway's services value added is projected to reach 45.89% by 2025 based on trend extrapolation.

What is the services value added of Norway in 2025?▾

The services value added of Norway in 2025 was 45.89%. This ranks 157th in the world.

Cite this page

APA
Norway Services Value Added. HistorySaid. Retrieved November 14, 2026, from https://historysaid.com/norway/services-value-added/
BibTeX
@misc{historysaid_norway_services-value-added, title = {Norway Services Value Added}, url = {https://historysaid.com/norway/services-value-added/}, publisher = {HistorySaid}, year = {2026} }
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