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SCMPInside Taylor Swift and Travis Kelce’s big bash: a garden in the Garden·Bank of JapanOutput Gap, Potential Growth Rate, and Labor Market Indicators·NYTLatest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure·NYTWhy the Jobs Market Has Wall Street and Washington on Edge·Bank of JapanJapanese Government Bonds Held by the Bank of Japan·BBCDiesel sees biggest monthly fall in 26 years. What's happening to fuel prices?·NYTFed’s Warsh Says Inflation Poses Less Risk Than a Few Weeks Ago·CNBCInflation peaked in May as energy prices fell in June, Kalshi traders think·SCMPInside Taylor Swift and Travis Kelce’s big bash: a garden in the Garden·Bank of JapanOutput Gap, Potential Growth Rate, and Labor Market Indicators·NYTLatest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure·NYTWhy the Jobs Market Has Wall Street and Washington on Edge·Bank of JapanJapanese Government Bonds Held by the Bank of Japan·BBCDiesel sees biggest monthly fall in 26 years. What's happening to fuel prices?·NYTFed’s Warsh Says Inflation Poses Less Risk Than a Few Weeks Ago·CNBCInflation peaked in May as energy prices fell in June, Kalshi traders think·
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Norway

Norwegian Krone (NOK)

25
Moderate
Risk
#150
of 171
Safer
than 12% of currencies
36
global avg score
$860
$1,000 in 5 years
Impact on Citizens

Citizens need modest returns of 4.6% per year to keep up. Inflation is low — a basic savings account or index fund is enough to stay ahead.See savings calculator ↓

Economic Indicators

Inflation Rate
3.1%
Debt to GDP
30.9%
GDP Growth
1.1%
Broad Money / GDP
59.3%

Banking & Stability

NPL Ratio
0.4%
Reserve Months
4.4
Current Account
14.0%
FX Volatility
5.8

Governance & Markets

Rule of Law
1.9
Black Market Premium
Not available
Capital Controls
Not available
Peg Fragility
Not available

Currency Structure

Global Currency Role
62.0
FX Regime
free float
Data Coverage
75.0%

Savings Impact Calculator

kr
Holding cash in NOK3.1% inflation
kr860−kr140 (14% purchasing power lost)
Your kr1,000 buys 14% less in 5 years
What if you invested kr1,000 instead? (5yr, in NOK terms)
Hold USD Cash
kr861
−kr139
-2.9%/yr net in NOK
S&P 500
kr1615
+kr615
range: kr736–kr3183
10% USD return + 0.1% FX · ±16% vol
Gold
kr1473
+kr473
range: kr420–kr4016
8% USD return + 0.1% FX · ±24% vol
Bitcoin
kr3059
+kr2059
range: kr181–kr18.4k
25% USD return + 0.1% FX · ±54% vol

All values in NOK. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~0.1%/yr based on the inflation differential between Norway (3.1%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Data last updated: 2026-07-05

Note: World Bank does not cover this country directly. Data sourced from national statistics and IMF estimates.

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