Insurance and financial services in Norway
Norway: Insurance and financial services was 7.6% in 2025. ◆ Volatile
Insurance and financial services in Norway, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
The most recent figure for insurance and financial services in Norway is 7.6%, measured in 2025.
The figure is down 6.7% on the previous year and down 11.5% over ten years.
Over the whole period, insurance and financial services in Norway peaked at 11.0% in 2018 and was at its lowest, 0.4%, in 1975.
Norway ranks 48th of 190 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Norway, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1975 | 0.4% | — |
| 1976 | 0.4% | +9.6% |
| 1977 | 0.5% | +10.2% |
| 1978 | 0.4% | -8.8% |
| 1979 | 0.4% | -4.8% |
| 1980 | 0.4% | +0.8% |
| 1981 | 0.4% | -5.3% |
| 1982 | 0.4% | +8.7% |
| 1983 | 0.4% | -1.4% |
| 1984 | 0.4% | +0.9% |
| 1985 | 0.5% | +10.9% |
| 1986 | 0.5% | +14.8% |
| 1987 | 0.5% | +2.5% |
| 1988 | 0.5% | -13.2% |
| 1989 | 0.4% | -14.2% |
| 1990 | 0.4% | +3.6% |
| 1991 | 0.4% | +0.6% |
| 1992 | 4.6% | +1004.9% |
| 1993 | 4.5% | -1.5% |
| 1994 | 4.1% | -9.2% |
| 1995 | 3.7% | -10.4% |
| 1996 | 4.5% | +24.0% |
| 1997 | 3.0% | -33.3% |
| 1998 | 3.4% | +12.4% |
| 1999 | 4.2% | +24.8% |
| 2000 | 3.1% | -28.0% |
| 2001 | 2.9% | -4.4% |
| 2002 | 3.9% | +33.0% |
| 2003 | 4.4% | +13.4% |
| 2004 | 3.7% | -16.5% |
| 2005 | 4.2% | +13.1% |
| 2006 | 4.6% | +10.5% |
| 2007 | 5.3% | +14.4% |
| 2008 | 5.7% | +8.8% |
| 2009 | 5.4% | -5.3% |
| 2010 | 4.3% | -20.4% |
| 2011 | 6.1% | +41.1% |
| 2017 | 8.6% | +41.6% |
| 2018 | 11.0% | +28.5% |
| 2019 | 8.1% | -26.4% |
| 2020 | 9.9% | +21.4% |
| 2021 | 9.6% | -3.2% |
| 2022 | 7.8% | -17.9% |
| 2023 | 8.6% | +9.8% |
| 2024 | 8.2% | -5.2% |
| 2025 | 7.6% | -6.7% |
Norway compared with similar countries
- Norway's 7.6% is above the median for high income countries, which is 5.3%, 1.4× the median. (69 countries reporting)
- Norway's 7.6% is above the median for Europe & Central Asia, which is 3.6%, 2.1× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Norway changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +1004.9% | 0.4% | 4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.4% | 0.4% | 0.5% | 5 |
| 1980s | 0.4% | 0.4% | 0.5% | 10 |
| 1990s | 3.3% | 0.4% | 4.6% | 10 |
| 2000s | 4.3% | 2.9% | 5.7% | 10 |
| 2010s | 7.6% | 4.3% | 11.0% | 5 |
| 2020s | 8.6% | 7.6% | 9.9% | 6 |
Countries ranked near Norway
More private sector data for Norway
- Merchandise trade 52.4% (2025)
- Food imports 11.1% (2025)
- Manufactures imports 73.4% (2025)
- Merchandise imports 107.32 billion current US$ (2025)
- Food exports 10.8% (2025)
- Manufactures exports 17.3% (2025)
- Merchandise exports 170.57 billion current US$ (2025)
- Merchandise exports (current US$), per capita 30,399 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3214 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 1.54 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Norway?
- Insurance and financial services in Norway was 7.6% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Norway?
- The highest recorded value was 11.0% in 2018.
- What is the lowest insurance and financial services recorded in Norway?
- The lowest recorded value was 0.4% in 1975.
- How does Norway rank for insurance and financial services?
- Norway ranks 48th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Norway?
- Over the last ten years it is down 11.5%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.