Oil rents as a share of GDP in Norway
Norway: Oil rents as a share of GDP was 6.1% in 2021. ◆ Volatile
Oil rents as a share of GDP in Norway, 1971–2021
Source: The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Norway recorded 6.1% for oil rents as a share of gdp in 2021.
The figure is up 87.7% on the previous year and down 19.2% over ten years.
Over the whole period, oil rents as a share of gdp in Norway peaked at 11.6% in 2000 and was at its lowest, 0.0%, in 1971.
That places Norway 26th out of 199 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents as a share of GDP in Norway, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1971 | 0.0% | — |
| 1972 | 0.0% | +581.9% |
| 1973 | 0.1% | +35.8% |
| 1974 | 0.3% | +442.0% |
| 1975 | 1.2% | +316.7% |
| 1976 | 1.8% | +47.1% |
| 1977 | 1.7% | -5.9% |
| 1978 | 1.9% | +12.4% |
| 1979 | 4.3% | +133.8% |
| 1980 | 5.7% | +30.6% |
| 1981 | 4.5% | -20.8% |
| 1982 | 3.0% | -33.8% |
| 1983 | 4.9% | +65.0% |
| 1984 | 5.8% | +17.6% |
| 1985 | 6.1% | +5.5% |
| 1986 | 2.2% | -64.4% |
| 1987 | 3.4% | +55.4% |
| 1988 | 2.7% | -19.2% |
| 1989 | 5.8% | +112.3% |
| 1990 | 7.4% | +28.1% |
| 1991 | 4.1% | -44.7% |
| 1992 | 4.7% | +15.8% |
| 1993 | 5.3% | +11.3% |
| 1994 | 5.0% | -4.8% |
| 1995 | 5.0% | +0.5% |
| 1996 | 7.4% | +46.6% |
| 1997 | 5.9% | -20.1% |
| 1998 | 1.8% | -68.8% |
| 1999 | 5.2% | +184.5% |
| 2000 | 11.6% | +121.3% |
| 2001 | 8.3% | -28.0% |
| 2002 | 7.5% | -9.7% |
| 2003 | 7.3% | -2.3% |
| 2004 | 8.4% | +13.9% |
| 2005 | 9.6% | +15.2% |
| 2006 | 9.2% | -4.5% |
| 2007 | 8.0% | -13.2% |
| 2008 | 9.9% | +23.7% |
| 2009 | 6.0% | -39.3% |
| 2010 | 5.6% | -6.3% |
| 2011 | 7.5% | +33.6% |
| 2012 | 6.5% | -13.8% |
| 2013 | 5.5% | -14.2% |
| 2014 | 5.5% | -0.1% |
| 2015 | 3.1% | -43.2% |
| 2016 | 2.6% | -17.2% |
| 2017 | 3.6% | +39.6% |
| 2018 | 5.0% | +36.6% |
| 2019 | 4.5% | -8.6% |
| 2020 | 3.2% | -28.8% |
| 2021 | 6.1% | +87.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.2% | 0.0% | 4.3% | 9 |
| 1980s | 4.4% | 2.2% | 6.1% | 10 |
| 1990s | 5.2% | 1.8% | 7.4% | 10 |
| 2000s | 8.6% | 6.0% | 11.6% | 10 |
| 2010s | 5.0% | 2.6% | 7.5% | 10 |
| 2020s | 4.6% | 3.2% | 6.1% | 2 |
Countries ranked near Norway
More energy & mining data for Norway
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fuel imports 5.2% (2025)
- Ores and metals imports 5.5% (2025)
- Ores and metals exports 5.4% (2025)
- Gas production 1,206 terawatt-hours (2025)
Frequently asked questions
- What is oil rents as a share of gdp in Norway?
- Oil rents as a share of gdp in Norway was 6.1% in 2021, according to The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data.
- What is the highest oil rents as a share of gdp recorded in Norway?
- The highest recorded value was 11.6% in 2000.
- What is the lowest oil rents as a share of gdp recorded in Norway?
- The lowest recorded value was 0.0% in 1971.
- How does Norway rank for oil rents as a share of gdp?
- Norway ranks 26th out of 199 countries with data for 2021.
- Is oil rents as a share of gdp rising or falling in Norway?
- Over the last ten years it is down 19.2%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data, published as part of Oil rents as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Economic profits generated from oil extraction, measured as the difference between production value and costs, expressed as a percentage of gross domestic product.