Services, Debit/Expenditure in Norway
Norway: Services, Debit/Expenditure was 63.56 billion in 2024. ▲ Rising
Services, Debit/Expenditure in Norway, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for services, debit/expenditure in Norway is 63.56 billion, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 5.9% on the previous year and up 10.4% over ten years.
Over the whole period, services, debit/expenditure in Norway peaked at 63.56 billion in 2024 and was at its lowest, 29.13 billion, in 2005.
That places Norway 30th out of 198 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Debit/Expenditure in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 29.13 billion | — |
| 2006 | 31.67 billion | +8.7% |
| 2007 | 41.26 billion | +30.3% |
| 2008 | 47.70 billion | +15.6% |
| 2009 | 37.07 billion | -22.3% |
| 2010 | 45.07 billion | +21.6% |
| 2011 | 47.76 billion | +6.0% |
| 2012 | 52.46 billion | +9.8% |
| 2013 | 56.35 billion | +7.4% |
| 2014 | 57.56 billion | +2.1% |
| 2015 | 47.27 billion | -17.9% |
| 2016 | 48.35 billion | +2.3% |
| 2017 | 49.84 billion | +3.1% |
| 2018 | 52.20 billion | +4.7% |
| 2019 | 52.62 billion | +0.8% |
| 2020 | 39.53 billion | -24.9% |
| 2021 | 43.13 billion | +9.1% |
| 2022 | 57.13 billion | +32.5% |
| 2023 | 60.04 billion | +5.1% |
| 2024 | 63.56 billion | +5.9% |
Norway compared with similar countries
- Norway's 63.56 billion is above the median for high income countries, which is 18.44 billion, 3.4× the median. (72 countries reporting)
- Norway's 63.56 billion is above the median for Europe & Central Asia, which is 18.83 billion, 3.4× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 37.37 billion | 29.13 billion | 47.70 billion | 5 |
| 2010s | 50.95 billion | 45.07 billion | 57.56 billion | 10 |
| 2020s | 52.68 billion | 39.53 billion | 63.56 billion | 5 |
Countries ranked near Norway
More trade data for Norway
- Commodity Net Export Price Index, Individual Commodities Weighted by 81.5 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 95.22 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 94.84 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 77.66 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 99.59 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 88.41 (2025)
- Imports of low carbon technology products, Percent of GDP 2.06 (2024)
- Imports of low carbon technology products, US dollar (World), per 1,791 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0199 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 3.13 billion (2024)
Frequently asked questions
- What is services, debit/expenditure in Norway?
- Services, debit/expenditure in Norway was 63.56 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Norway?
- The highest recorded value was 63.56 billion in 2024.
- What is the lowest services, debit/expenditure recorded in Norway?
- The lowest recorded value was 29.13 billion in 2005.
- How does Norway rank for services, debit/expenditure?
- Norway ranks 30th out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in Norway?
- Over the last ten years it is up 10.4%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.