Norway vs South Africa: Real Effective Exchange Rate
Norway
73.9
in 2024
South Africa
70.66
in 2024
Norway rank
100th
South Africa rank
102nd
Real Effective Exchange Rate over time
- Norway
- South Africa
How they compare
Norway currently reports 73.9 against 70.66 in South Africa, a difference of 3.24.
The two have swapped places 5 times across 31 shared years of data; in 1994 it was South Africa ahead.
Norway ranks 100th and South Africa ranks 102nd of 107 countries.
Across the 4 decades both report, Norway averaged higher in 3 and South Africa in 1.
Head to head by decade
| Decade | Norway | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 93.94 | 104.02 | 10.08 | South Africa |
| 2000s | 98.15 | 92.88 | 5.26 | Norway |
| 2010s | 91.53 | 82.57 | 8.96 | Norway |
| 2020s | 78.06 | 71.86 | 6.2 | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real effective exchange rate, Norway or South Africa?
- Norway, at 73.9 against 70.66 in South Africa as of 2024.
- What is the difference in real effective exchange rate between Norway and South Africa?
- 3.24, with Norway ahead.
- How many years of comparable data are there for Norway and South Africa?
- 31 years are reported by both, from 1994 to 2024.
- How do Norway and South Africa rank globally for real effective exchange rate?
- Norway ranks 100th and South Africa ranks 102nd of 107 countries.
- Where does this data come from?
- World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as Real Effective Exchange Rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.