Skip to content

Economy of Antigua and Barbuda vs Norway compared: GDP & Debt

Updated on by Georank

Antigua and Barbuda has a GDP of $2.34B compared to $531B for Norway, ranking 178/197 and 32/197 by economy size, respectively.

Antigua and Barbuda has $1.63B in government debt (69.7% of GDP), compared to $239B (45% of GDP) in Norway.

Antigua and Barbuda vs Norway GDP by year

Antigua and Barbuda
Norway
1x
Year GDP, current $
Antigua Norway
2025 $2,338,196,296 $530,755,719,439
2024 $2,162,366,667 $500,886,328,034
2023 $2,054,096,296 $502,197,633,323
2022 $1,857,114,815 $617,321,834,099
2021 $1,602,125,926 $521,592,200,233
2020 $1,411,637,037 $382,252,517,922
2019 $1,726,448,148 $424,244,886,364
2018 $1,661,529,630 $454,588,871,811
2017 $1,534,855,556 $415,673,181,543
2016 $1,489,603,704 $383,284,047,619
2015 $1,437,485,185 $400,669,174,331
2014 $1,378,707,407 $515,829,568,897
2013 $1,325,496,296 $540,132,255,319
2012 $1,364,729,630 $525,082,939,407
2011 $1,287,359,259 $512,868,581,628
2010 $1,298,348,148 $440,132,138,425
2009 $1,386,518,519 $395,664,488,017
2008 $1,557,640,741 $472,060,283,688
2007 $1,487,381,481 $407,813,774,161
2006 $1,303,674,074 $349,773,283,645
2005 $1,143,896,296 $311,417,306,946
2004 $1,026,329,630 $265,662,977,688
2003 $948,100,000 $229,192,678,173
2002 $898,092,593 $195,359,978,957
2001 $877,774,074 $173,590,978,347
2000 $901,003,704 $170,620,327,660
1999 $835,544,444 $161,304,620,987
1998 $789,788,889 $152,955,958,172
1997 $734,422,222 $160,013,571,974
1996 $679,140,741 $162,427,517,132
1995 $616,051,852 $151,083,627,983
1994 $625,081,481 $126,324,387,894
1993 $565,662,963 $119,841,699,440
1992 $525,133,333 $129,998,873,602
1991 $504,337,037 $121,149,331,318
1990 $478,718,519 $119,344,377,526
1989 $455,174,074 $102,226,808,603
1988 $411,396,296 $101,497,621,605
1987 $346,866,667 $93,913,320,965
1986 $297,562,963 $78,438,205,742
1985 $246,370,370 $65,211,464,198
1984 $212,214,815 $61,866,078,539
1983 $184,866,667 $61,417,685,434
1982 $166,444,444 $62,453,362,256
1981 $149,388,889 $63,392,804,251
1980 $132,451,852 $64,176,789,764
1979 $109,596,296 $52,935,763,512
1978 $88,040,741 $46,355,988,784
1977 $77,507,407 $41,362,637,363
1976 - $35,815,449,464
1975 - $32,742,543,381
1974 - $27,033,413,362
1973 - $22,433,660,550
1972 - $17,283,931,878
1971 - $14,523,306,736
1970 - $12,753,503,479
1969 - $11,083,505,596
1968 - $10,178,705,992
1967 - $9,532,076,026
1966 - $8,712,528,095
1965 - $8,073,570,566
1964 - $7,172,430,304
1963 - $6,522,268,053
1962 - $6,078,186,245
1961 - $5,642,867,672
1960 - $5,172,811,442

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/norway | CC BY

GDP per capita in Antigua and Barbuda vs Norway by year

Antigua and Barbuda
GDP per capita

GDP per capita, PPP
Norway
GDP per capita

GDP per capita, PPP
1x
Year Current $
Antigua Norway
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $24,819 - $94,594 -
2024 $23,060 $33,386 $89,889 $102,038
2023 $22,012 $31,602 $90,984 $103,638
2022 $20,003 $29,934 $113,122 $125,490
2021 $17,349 $25,745 $96,443 $88,984
2020 $15,370 $22,370 $71,058 $67,111
2019 $18,896 $26,551 $79,329 $70,940
2018 $18,273 $24,524 $85,579 $70,254
2017 $16,966 $21,422 $78,771 $64,590
2016 $16,557 $21,320 $73,222 $59,280
2015 $16,078 $20,985 $77,221 $60,738
2014 $15,532 $21,671 $100,410 $66,332
2013 $15,052 $21,761 $106,333 $67,378
2012 $15,640 $23,012 $104,628 $65,774
2011 $14,912 $23,804 $103,545 $62,460
2010 $15,217 $24,071 $90,020 $58,213
2009 $16,472 $26,157 $81,940 $55,648
2008 $18,787 $29,978 $99,002 $62,073
2007 $18,205 $29,851 $86,600 $56,179
2006 $16,174 $26,949 $75,048 $54,358
2005 $14,369 $23,485 $67,358 $47,967
2004 $13,038 $21,629 $57,855 $42,667
2003 $12,173 $20,127 $50,208 $38,680
2002 $11,659 $18,813 $43,048 $38,056
2001 $11,539 $18,569 $38,458 $37,829
2000 $12,027 $19,319 $37,992 $36,994
1999 $11,342 $18,088 $36,151 $30,574
1998 $10,907 $17,496 $34,516 $28,200
1997 $10,336 $16,836 $36,324 $28,610
1996 $9,756 $16,017 $37,073 $26,826
1995 $9,034 $15,062 $34,659 $24,360
1994 $9,351 $15,736 $29,130 $23,027
1993 $8,625 $14,720 $27,793 $21,584
1992 $8,154 $13,908 $30,328 $20,623
1991 $7,956 $13,658 $28,427 $19,580
1990 $7,591 $12,996 $28,137 $18,461
1989 $7,188 - $24,185 -
1988 $6,466 - $24,112 -
1987 $5,424 - $22,430 -
1986 $4,629 - $18,822 -
1985 $3,814 - $15,704 -
1984 $3,271 - $14,943 -
1983 $2,847 - $14,877 -
1982 $2,569 - $15,178 -
1981 $2,310 - $15,463 -
1980 $2,053 - $15,708 -
1979 $1,705 - $12,998 -
1978 $1,375 - $11,421 -
1977 $1,214 - $10,230 -
1976 - - $8,896 -
1975 - - $8,171 -
1974 - - $6,783 -
1973 - - $5,664 -
1972 - - $4,395 -
1971 - - $3,721 -
1970 - - $3,291 -
1969 - - $2,881 -
1968 - - $2,667 -
1967 - - $2,519 -
1966 - - $2,321 -
1965 - - $2,168 -
1964 - - $1,941 -
1963 - - $1,779 -
1962 - - $1,670 -
1961 - - $1,563 -
1960 - - $1,444 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/norway | CC BY

Antigua and Barbuda's GDP per capita is $24,819, ranking 55/197, compared to $94,594 in Norway, ranking 9/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 66th at $33,386, while Norway ranks 7th at $102,038.

Economic indicators

Antigua Norway
Gross domestic product
$2.34B
2025
$531B
2025
GDP rank
178/197
2025
32/197
2025
GDP growth
5%
2024-2025
1.09%
2024-2025
GDP per capita
$24,819
2025
$94,594
2025
GDP per capita rank
55/197
2025
9/197
2025
GDP per capita, PPP
$33,386
2024
$102,038
2024
GDP per capita PPP rank
66/197
2024
7/197
2024
Government debt
$1.63B
2025
$239B
2025
Debt-to-GDP ratio
69.7%
2025
45%
2025
Government debt per person
$17,310
2025
$42,567
2025
Government debt per person rank
38/185
2025
15/185
2025
Average annual personal income after taxes
$16,750
2026
$50,036
2026
Market capitalization of domestic companies n/a
$296B
2019
Number of millionaires n/a
348,000
2025
Number of billionaires n/a
17
2026
Income share by richest 10% n/a
21.6%
2023
Income share by poorest 10% n/a
3.6%
2023
Government expenditure, % of GDP
19.3%
2025
49.6%
2025
Consumer prices inflation
1.4%
2024-2025
3.06%
2024-2025
Central bank interest rate n/a
4.25%
2026
Unemployment rate
5.37%
2023
4.5%
2025
Population
94846
5660666

Spending and national debt comparison by year

Antigua and Barbuda
Spending

Debt
Norway
Spending

Debt
1x
Year % of GDP
Antigua Norway
Government spending Government debt Government spending Government debt
2025 19.3% 69.7% 49.6% 45%
2024 20.2% 71.8% 46.9% 52.8%
2023 18.4% 74.5% 44.2% 42.4%
2022 20.8% 82.4% 36.2% 34.8%
2021 23.4% 93% 44.7% 40.1%
2020 26% 100.5% 54.5% 44.3%
2019 22.1% 81.6% 48.4% 39%
2018 21.5% 84.3% 46.1% 38.1%
2017 22.6% 88.2% 47.6% 36.9%
2016 23.8% 83.1% 48.8% 36.7%
2015 24.8% 92.1% 46.7% 33.2%
2014 20.9% 91.9% 44% 28.8%
2013 20.7% 85.4% 42.3% 30.6%
2012 18.5% 76.9% 41.4% 30.2%
2011 21.1% 81.1% 42.3% 28.9%
2010 20% 79.4% 43.6% 42.1%
2009 32.1% 89.2% 44.7% 41.7%
2008 23.2% 66.8% 39.2% 46.8%
2007 23.8% 68.7% 40.5% 48.9%
2006 26% 79.1% 40.1% 52.2%
2005 21.5% 82.8% 41.6% 42.1%
2004 21.9% 107.7% 44.7% 43.8%
2003 24.2% 113% 47.7% 43.1%
2002 26.3% 114.5% 46.3% 34%
2001 24.2% 107.6% 43.4% 27.3%
2000 21.1% 96.4% 41.5% 28.8%
1999 20.3% 95.9% 46.7% 25.1%
1998 20.7% 94.6% 48.2% 23.8%
1997 16.8% 80.6% 45.9% 26%
1996 19.6% 85.5% 47.4% 28.6%
1995 21% 92.1% 49.6% 32.9%
1994 21.2% 84.5% 49.7% 51%
1993 19.4% 85.3% 50.5% 54%
1992 18.7% 90.8% 51.6% 45.3%
1991 20.8% 94.6% 50.3% 39.5%
1990 18.1% 94.1% 49.1% 29.1%
1989 - - 52.2% 30.4%
1988 - - 52.6% 30.5%
1987 - - 50.5% 31.3%
1986 - - 48.1% 37.8%
1985 - - 44% 30.2%
1984 - - 44.5% 27.8%
1983 - - 46.4% 27.4%
1982 - - 46.6% 29.7%
1981 - - 46.1% 32.9%
1980 - - 46.1% 36.8%
1979 - - 47.2% 39.6%
1978 - - 47.9% 49.9%
1977 - - 46.5% 43.8%
1976 - - 45.2% 38.5%
1975 - - 43.5% 36.7%
1974 - - 42.2% 35.4%
1973 - - 42.3% 37.7%
1972 - - 42.2% 38.9%
1971 - - 40.7% 38.5%
1970 - - 38.9% 38.6%
1969 - - 38% 22.3%
1968 - - 36.2% 22.5%
1967 - - 34.9% 22.6%
1966 - - 33.5% 22.4%
1965 - - 32.9% 23%
1964 - - 32% 24.2%
1963 - - 31.9% 25.3%
1962 - - 30.6% 26.7%
1961 - - 20.4% 27.7%
1960 - - 18% 29.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/norway | CC BY

In 2025, Antigua and Barbuda's government spending was $450M, accounting for 19.3% of its GDP, while Norway spent $263B, or 49.6% of GDP.

Debt-to-GDP ratio is 69.7% in Antigua and Barbuda and 45% in Norway, ranking 58/185 and 117/185, respectively.

Government deficit by year

Deficit/surplus
Antigua and Barbuda

Norway
1x
Year Deficit/surplus, % of GDP
Antigua Norway
2025 3.14% 9.34%
2024 1.65% 12.8%
2023 -1.66% 15.9%
2022 -2.86% 24.7%
2021 -4.52% 9.93%
2020 -6.23% -2.46%
2019 -3.64% 6.28%
2018 -2.43% 7.56%
2017 -2.72% 4.79%
2016 -0.14% 3.91%
2015 -2.42% 5.8%
2014 -2.6% 8.34%
2013 -3.83% 10.3%
2012 -0.97% 13.4%
2011 -3.09% 13%
2010 -0.24% 10.6%
2009 -15.8% 10%
2008 -4.72% 18.3%
2007 -4.98% 16.8%
2006 -6.62% 17.7%
2005 -4.29% 14.7%
2004 -3.9% 10.8%
2003 -7.32% 7.21%
2002 -8.83% 9.05%
2001 -8.58% 13.2%
2000 -4.5% 15.1%
1999 -3.08% 5.75%
1998 -1.62% 3.09%
1997 0% 7.41%
1996 -1.61% 6.05%
1995 -3.89% 2.98%
1994 -4.33% 0.04%
1993 -2.45% -1.65%
1992 -0.81% -2.08%
1991 -3.91% -0.12%
1990 0.12% 1.96%
1989 - 1.81%
1988 - 2.65%
1987 - 4.56%
1986 - 5.87%
1985 - 9.84%
1984 - 6.97%
1983 - 6.03%
1982 - 3.96%
1981 - 4.82%
1980 - 5.38%
1979 - 2.16%
1978 - 0.94%
1977 - 1.01%
1976 - 2.2%
1975 - 2.88%
1974 - 4.06%
1973 - 4.99%
1972 - 3.93%
1971 - 3.71%
1970 - 2.83%
1969 - 3.57%
1968 - 3.38%
1967 - 4.19%
1966 - 3.59%
1965 - 2.78%
1964 - 3.08%
1963 - 2.6%
1962 - 4%
1961 - -0.7%
1960 - 1.42%
1959 - 1.89%
1958 - 1.7%
1957 - 1.55%
1956 - 1.22%
1955 - 0.82%
1954 - -0.54%
1953 - 1.3%
1952 - 2.15%
1951 - 1.59%
1950 - -0.89%
1949 - -0.72%
1948 - -0.35%
1947 - -4.66%
1946 - -3.82%
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -0.54%
1938 - 0.03%
1937 - -0.16%
1936 - -0.7%
1935 - -1.1%
1934 - -0.59%
1933 - -1.29%
1932 - -1.14%
1931 - -1.15%
1930 - -0.46%
1929 - -0.83%
1928 - -0.81%
1927 - -0.76%
1926 - -1.59%
1925 - -1.92%
1924 - -2.96%
1923 - -3.58%
1922 - -4.28%
1921 - -5.47%
1920 - -1.15%
1919 - -2.11%
1918 - -1.17%
1917 - 0.2%
1916 - -0.36%
1915 - -2.04%
1914 - -1.09%
1913 - -0.9%
1912 - -0.89%
1911 - -0.05%
1910 - 0.3%
1909 - -0.52%
1908 - -0.06%
1907 - 0.16%
1906 - -0.59%
1905 - -0.52%
1904 - -0.75%
1903 - -1.12%
1902 - -1.52%
1901 - -1.41%
1900 - -1.99%
1899 - -1.35%
1898 - -1.39%
1897 - -0.63%
1896 - -1.57%
1895 - -1.66%
1894 - -1.13%
1893 - -1.25%
1892 - -0.94%
1891 - -0.44%
1890 - -0.2%
1889 - -0.07%
1888 - -0.23%
1887 - -0.17%
1886 - -0.2%
1885 - -0.005%
1884 - -0.08%
1883 - -0.17%
1882 - -0.62%
1881 - -1.13%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1881–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/norway | CC BY

In 2025, Antigua and Barbuda's government surplus, the difference between spending and revenue, was $73.4M, equivalent to 3.14% of GDP. This compares to Norway's surplus of $49.6B, or 9.34% of GDP.

Over the past 36 years, Antigua and Barbuda recorded a fiscal deficit in 32 of those years, while Norway ran a deficit in 4 years. On average, Antigua and Barbuda posted an annual deficit equal to 3.44% of GDP, compared to surplus of 8.62% of GDP for Norway.

Inflation comparison by year

Inflation
Antigua and Barbuda

Norway
1x
Year Consumer prices inflation
Antigua Norway
2025 1.4% 3.06%
2024 6.2% 3.15%
2023 5.1% 5.52%
2022 7.5% 5.76%
2021 1.6% 3.48%
2020 1.1% 1.29%
2019 1.4% 2.17%
2018 1.2% 2.76%
2017 2.4% 1.88%
2016 -0.5% 3.55%
2015 1% 2.17%
2014 1.1% 2.04%
2013 1.1% 2.12%
2012 3.4% 0.7%
2011 3.5% 1.28%
2010 3.4% 2.42%
2009 -0.6% 2.2%
2008 5.3% 3.75%
2007 1.4% 0.71%
2006 1.8% 2.33%
2005 2.1% 1.53%
2004 2% 0.45%
2003 2% 2.49%
2002 2.4% 1.29%
2001 1.9% 3%
2000 -0.2% 3.09%
1999 1.1% 2.37%
1998 3.3% 2.25%
1997 0.4% 2.57%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/norway | CC BY

Over the past 29 years, Antigua and Barbuda has recorded an average annual inflation rate of 2.2%, compared with 2.46% in Norway. In 2025, inflation was 1.4% in Antigua and Barbuda and 3.06% in Norway.

Top exports between countries

Antigua
Export category Export value
Norway
Export category Export value
Machinery & equipment $518K
Chemicals & pharma $305K
Raw materials & minerals $251K
Animal & marine products $146K
Wood & paper products $38K
Metals $8K
Textiles & consumer goods $5K
Miscellaneous $2K

Balance of trade

Antigua Norway
Current account balance
-$281M
2025
$74.1B
2025
Current account balance ranking
95/190
2025
10/190
2025
Current account balance, % of GDP
-12%
2025
+14%
2025
Goods imports
$793M
2025
$105B
2025
Goods exports
$96M
2025
$177B
2025
Service imports
$614M
2025
$73.9B
2025
Service exports
$1.21B
2025
$63.5B
2025
Imports of goods and services, % of GDP
63.3%
2022
33.7%
2025
Exports of goods and services, % of GDP
55%
2022
45.4%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Antigua Norway
Economic freedom 56 78.8
Economic freedom ranking 125/197 9/197
Property rights n/a 99.6
Government integrity n/a 94.3
Judicial effectiveness n/a 96.4
Tax burden n/a 63.3
Government spending n/a 42
Fiscal health n/a 96.4
Business freedom n/a 91.2
Labor freedom n/a 69.3
Monetary freedom n/a 72.4
Trade freedom n/a 85.6
Investment freedom n/a 75
Financial freedom n/a 60

Other economic metrics

Antigua Norway
Services, % of GDP
68.7%
2025
55%
2025
Industry, % of GDP
18.2%
2025
34.5%
2025
Agriculture, forestry, and fishing, % of GDP
1.49%
2025
1.64%
2025
GNI, Atlas method
$2.24B
2025
$546B
2025
GNI per capita, PPP
$34,670
2025
$107,770
2025
Total reserves including gold
$379M
2025
$85.5B
2025
Total reserves ranking
165/177
2025
34/177
2025
Net foreign direct investment
-$291M
2025
$8.93B
2025
Net inflows of foreign direct investment
$246M
2024
$12.1B
2024
Net outflows of foreign direct investment
-$68.4K
2024
$5.62B
2024
Poverty at national poverty lines n/a
12.2%
2021
Gross capital formation, % of GDP n/a
23.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/norway | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1881–1989, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.