Military spending in Norway

Norway: Military spending was 10.47 billion constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
10.47 billion constant 2022 US$
Change on year
up 0.8%
World rank
30th
of 172 countries
All-time high
10.47 billion constant 2022 US$
in 2023
All-time low
101.82 million constant 2022 US$
in 1924
Years of data
115
1905–2023

Military spending in Norway, 1905–2023

02.5B5.0B7.5B10.0B190519642023

Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

Norway recorded 10.47 billion constant 2022 US$ for military spending in 2023. That is the highest value across all 115 years on record.

The figure is up 0.8% on the previous year and up 28.6% over ten years.

Over the whole period, military spending in Norway peaked at 10.47 billion constant 2022 US$ in 2023 and was at its lowest, 101.82 million constant 2022 US$, in 1924.

Norway ranks 30th of 172 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1900s 524.13 million constant 2022 US$ 485.36 million constant 2022 US$ 565.95 million constant 2022 US$ 5
1910s 248.36 million constant 2022 US$ 164.25 million constant 2022 US$ 520.58 million constant 2022 US$ 10
1920s 123.88 million constant 2022 US$ 101.82 million constant 2022 US$ 139.38 million constant 2022 US$ 10
1930s 235.17 million constant 2022 US$ 125.16 million constant 2022 US$ 834.35 million constant 2022 US$ 10
1940s 1.07 billion constant 2022 US$ 623.51 million constant 2022 US$ 1.55 billion constant 2022 US$ 6
1950s 1.16 billion constant 2022 US$ 631.78 million constant 2022 US$ 1.34 billion constant 2022 US$ 10
1960s 1.86 billion constant 2022 US$ 1.15 billion constant 2022 US$ 2.56 billion constant 2022 US$ 10
1970s 3.37 billion constant 2022 US$ 2.60 billion constant 2022 US$ 4.21 billion constant 2022 US$ 10
1980s 4.61 billion constant 2022 US$ 4.06 billion constant 2022 US$ 5.72 billion constant 2022 US$ 10
1990s 5.53 billion constant 2022 US$ 5.05 billion constant 2022 US$ 5.81 billion constant 2022 US$ 10
2000s 6.40 billion constant 2022 US$ 5.06 billion constant 2022 US$ 7.53 billion constant 2022 US$ 10
2010s 7.98 billion constant 2022 US$ 7.17 billion constant 2022 US$ 9.37 billion constant 2022 US$ 10
2020s 9.92 billion constant 2022 US$ 9.08 billion constant 2022 US$ 10.47 billion constant 2022 US$ 4

Countries ranked near Norway

  1. 27 Colombia 12.36 billion constant 2022 US$ compare
  2. 28 Mexico 12.06 billion constant 2022 US$ compare
  3. 29 Indonesia 11.67 billion constant 2022 US$ compare
  4. 31 Iran 10.44 billion constant 2022 US$ compare
  5. 32 Sweden 9.90 billion constant 2022 US$ compare
  6. 33 Kuwait 9.79 billion constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Norway

All data for Norway →

Frequently asked questions

What is military spending in Norway?
Military spending in Norway was 10.47 billion constant 2022 US$ in 2023, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
What is the highest military spending recorded in Norway?
The highest recorded value was 10.47 billion constant 2022 US$ in 2023.
What is the lowest military spending recorded in Norway?
The lowest recorded value was 101.82 million constant 2022 US$ in 1924.
How does Norway rank for military spending?
Norway ranks 30th out of 172 countries with data for 2023.
Is military spending rising or falling in Norway?
Over the last ten years it is up 28.6%. The long-run trend across the full record is volatile.
Where does this Norway data come from?
The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 115 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.