Real Effective Exchange Rate in Norway
Norway: Real Effective Exchange Rate was 73.9 in 2024. ▼ Falling
Real Effective Exchange Rate in Norway, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2024, real effective exchange rate in Norway stood at 73.9. That is the lowest value across all 31 years on record.
The figure is down 0.2% on the previous year and down 20.7% over ten years.
Over the whole period, real effective exchange rate in Norway peaked at 102.07 in 2002 and was at its lowest, 73.9, in 2024.
Norway ranks 100th of 107 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Real Effective Exchange Rate in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 92.74 | — |
| 1995 | 95.84 | +3.3% |
| 1996 | 94.31 | -1.6% |
| 1997 | 94.85 | +0.6% |
| 1998 | 92.81 | -2.2% |
| 1999 | 93.08 | +0.3% |
| 2000 | 90.9 | -2.3% |
| 2001 | 94.06 | +3.5% |
| 2002 | 102.07 | +8.5% |
| 2003 | 101.58 | -0.5% |
| 2004 | 97.28 | -4.2% |
| 2005 | 100.25 | +3.1% |
| 2006 | 99.73 | -0.5% |
| 2007 | 99.92 | +0.2% |
| 2008 | 99.29 | -0.6% |
| 2009 | 96.4 | -2.9% |
| 2010 | 100.01 | +3.7% |
| 2011 | 100.42 | +0.4% |
| 2012 | 99.52 | -0.9% |
| 2013 | 97.92 | -1.6% |
| 2014 | 93.24 | -4.8% |
| 2015 | 84.27 | -9.6% |
| 2016 | 84.82 | +0.6% |
| 2017 | 85.69 | +1.0% |
| 2018 | 85.86 | +0.2% |
| 2019 | 83.54 | -2.7% |
| 2020 | 78.18 | -6.4% |
| 2021 | 83.21 | +6.4% |
| 2022 | 81 | -2.7% |
| 2023 | 74.04 | -8.6% |
| 2024 | 73.9 | -0.2% |
Norway compared with similar countries
- Norway's 73.9 is below the median for high income countries, which is 101.37, 73% of the median. (50 countries reporting)
- Norway's 73.9 is below the median for Europe & Central Asia, which is 99.02, 75% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 93.94 | 92.74 | 95.84 | 6 |
| 2000s | 98.15 | 90.9 | 102.07 | 10 |
| 2010s | 91.53 | 83.54 | 100.42 | 10 |
| 2020s | 78.06 | 73.9 | 83.21 | 5 |
Countries ranked near Norway
More reference data data for Norway
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.3703 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.3621 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 1.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0618 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 1.55 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.24 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.7734 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 1.48 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 6.9 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3366 (2050)
Frequently asked questions
- What is real effective exchange rate in Norway?
- Real effective exchange rate in Norway was 73.9 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in Norway?
- The highest recorded value was 102.07 in 2002.
- What is the lowest real effective exchange rate recorded in Norway?
- The lowest recorded value was 73.9 in 2024.
- How does Norway rank for real effective exchange rate?
- Norway ranks 100th out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in Norway?
- Over the last ten years it is down 20.7%. The long-run trend across the full record is falling.
- Where does this Norway data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Real Effective Exchange Rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.