Norway's economy excels in oil and gas, with North Sea reserves funding a sovereign wealth fund for future generations. Fisheries, particularly salmon exports, and maritime industries are strong. Hydropower provides clean energy, supporting aluminum and chemicals. High-tech sectors like renewables and aquaculture innovate globally. Tourism highlights fjords and northern lights. Strong welfare state ensures low inequality. Despite oil dependence, diversification into green tech accelerates. Norway's stable governance and high living standards attract talent, though remote Arctic challenges persist. Economic resilience stems from prudent resource management and international trade focus.
World Bank Data. 2000-2024. Last updated Oct 2025.
Refer to the latest year-over-year Norway GDP statistics.