Denmark vs Norway: 24_International reserves
Denmark
109.59 billion excluding gold
in 2025
Norway
88.15 billion excluding gold
in 2025
Denmark rank
22nd
Norway rank
25th
24_International reserves over time
- Denmark
- Norway
How they compare
Denmark currently reports 109.59 billion excluding gold against 88.15 billion excluding gold in Norway, a difference of 21.45 billion excluding gold.
That makes Denmark's figure about 1.2 times Norway's.
The two have swapped places 5 times across 36 shared years of data; in 1990 it was Norway ahead.
Denmark ranks 22nd and Norway ranks 25th of 174 countries.
Across the 4 decades both report, Denmark averaged higher in 2 and Norway in 2.
Head to head by decade
| Decade | Denmark | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 12.38 billion excluding gold | 19.70 billion excluding gold | 7.32 billion excluding gold | Norway |
| 2000s | 29.60 billion excluding gold | 39.52 billion excluding gold | 9.92 billion excluding gold | Norway |
| 2010s | 77.51 billion excluding gold | 60.82 billion excluding gold | 16.70 billion excluding gold | Denmark |
| 2020s | 84.52 billion excluding gold | 79.68 billion excluding gold | 4.84 billion excluding gold | Denmark |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher 24_international reserves, Denmark or Norway?
- Denmark, at 109.59 billion excluding gold against 88.15 billion excluding gold in Norway as of 2025.
- What is the difference in 24_international reserves between Denmark and Norway?
- 21.45 billion excluding gold, with Denmark ahead.
- How many years of comparable data are there for Denmark and Norway?
- 36 years are reported by both, from 1990 to 2025.
- How do Denmark and Norway rank globally for 24_international reserves?
- Denmark ranks 22nd and Norway ranks 25th of 174 countries.
- Where does this data come from?
- IMF, published as 24_International reserves (excluding gold). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The data on international reserve assets refer to entries published in the world tables of the IMF’s International Financial Statistics (IFS).