GDP per Capita: Norway

Analysis# Norway GDP per Capita Norway's GDP per capita reached $96,580 in 2026, reflecting a nation of exceptional wealth despite recent volatility. The figure remains 11% below the all-time peak of $108,908 in 2022, yet towers over the 1983 low of $14,906—a gain of 513.4% across four decades. This dramatic long-term growth underscores Norway's transformation into one of the world's richest economies, driven substantially by oil wealth and sovereign fund management. The past decade reveals sharp cyclical swings, particularly the 37% plunge from 2022's peak to 2023's $87,276, likely reflecting commodity price pressures and global economic headwinds. Recovery began in 2024, with projections showing continued strengthening toward $96,580 in 2026. The trajectory suggests stabilization around $90,000–$100,000 range rather than a return to 2022 extremes, indicating Norway's economy is normalizing after exceptional pandemic-era gains.