Australia vs Norway: Foreign assets
Australia
2.35 trillion real chained 2019 US$
in 2020
Norway
2.10 trillion real chained 2019 US$
in 2020
Australia rank
16th
Norway rank
17th
Foreign assets over time
- Australia
- Norway
How they compare
Australia currently reports 2.35 trillion real chained 2019 US$ against 2.10 trillion real chained 2019 US$ in Norway, a difference of 245.05 billion real chained 2019 US$.
That makes Australia's figure about 1.1 times Norway's.
The two have swapped places 6 times across 26 shared years of data; in 1995 it was Australia ahead.
Australia ranks 16th and Norway ranks 17th of 149 countries.
Australia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Australia | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 319.29 billion real chained 2019 US$ | 198.21 billion real chained 2019 US$ | 121.07 billion real chained 2019 US$ | Australia |
| 2000s | 828.84 billion real chained 2019 US$ | 809.29 billion real chained 2019 US$ | 19.55 billion real chained 2019 US$ | Australia |
| 2010s | 1.79 trillion real chained 2019 US$ | 1.70 trillion real chained 2019 US$ | 82.14 billion real chained 2019 US$ | Australia |
| 2020s | 2.35 trillion real chained 2019 US$ | 2.10 trillion real chained 2019 US$ | 245.05 billion real chained 2019 US$ | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher foreign assets, Australia or Norway?
- Australia, at 2.35 trillion real chained 2019 US$ against 2.10 trillion real chained 2019 US$ in Norway as of 2020.
- What is the difference in foreign assets between Australia and Norway?
- 245.05 billion real chained 2019 US$, with Australia ahead.
- How many years of comparable data are there for Australia and Norway?
- 26 years are reported by both, from 1995 to 2020.
- How do Australia and Norway rank globally for foreign assets?
- Australia ranks 16th and Norway ranks 17th of 149 countries.
- Where does this data come from?
- World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4, published as Foreign assets (real chained 2019 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Net foreign assets is foreign assets minus foreign liabilities. Values are measured at market exchange rates in constant 2018 US dollars, using a country-specific GDP deflator.