Foreign trade as a share of GDP reached 69.3 % in 2017 in Norway, according to the National Statistical Office. This is 0.715 % more than in the previous year.
Historically, foreign trade as a share of GDP in Norway reached an all time high of 82.4 % in 1974 and an all time low of 65.5 % in 1988. When compared to Norway's main peers, foreign trade as a share of GDP in Denmark amounted to 102 %, 76.7 % in Finland, 88.1 % in Iceland and 87.0 % in Sweden in 2017.
Norway has been ranked 98th within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 7 places above the position seen 10 years ago.
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.