Greece vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Greece ranked 52nd with $218B. By GDP 5-years average growth and GDP per capita, Norway and Greece ranked 142nd vs 158th and 5th vs 45th, respectively.

Gross Domestic Product & Income

StatGreeceNorway
GDP$218B$434.2B
GDP growth, 1 year2.1%1.4%
GDP growth, 5-years average0.7%1.7%
Population10.8M5.4M
GDP per capita$20k$82k
GDP per capita growth2.19%0.58%
Purchasing Power Parity conversion factor0.5810.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.691.25
GDP per capita, PPP adjusted$29k$74k
GNI, Atlas method$212B$428.4B
GNI per capita$20k$81k
GNI, PPP adjusted$318.3B$363B
GNI per capita, PPP adjusted$30k$68k

Financial system and Human development

StatGreeceNorway
Income Tax Rate42%47.8%
Corporate Tax Rate28%22%
Inflation, consumer prices0.8%2.8%
Inflation, GDP deflator0.5%5.8%
Unemployment19.2%3.9%
Economic Freedom Index59.973.4
Personal Freedom Index8.529.55
Human Freedom Index7.778.61
Property Rights Index5784.3
Judical Effectiveness Index48.682.8
Business Freedom Index73.786.1
Fiscal Health Index8097.3
Labor Freedom Index5257.4
Investment Freedom Index5575
Financial Freedom Index5060
Trade Freedom Index81.483.8
Monetary Freedom Index79.474.8
Government Spending Index31.525.6
Tax Burden Index5957.7
Government Integrity Index51.295.6
Corruption Perceptions Index4584
Life expectancy at birth, years81.482.5
Suicide mortality rate, per 100,000 people512.2
Mortality caused by road traffic injury, per 100,000 people9.22.7
Intentional homicides, per 100,000 people0.70.5
International tourism, number of arrivals30.1M5.7M

Government debt & reserves

StatGreeceNorway
Central government debt, % of GDP183.3%36.8%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI-3.1%16.9%
Gross savings, % of GDP12.9%35.9%
Gross capital formation, % of GDP13.1%27.3%
Total reserves including gold$7.6B$63.1B
Foreign direct investment net inflows$4B-$17.4B

Exports, imports and economic structure

StatGreeceNorway
Exports of goods and services, % of GDP36.1%38.4%
Imports of goods and services, % of GDP36.4%32.6%
Current account balance (balance of payments)-$6.2B$31.4B
Revenue excluding grants, % of GDP46%47.4%
Grants excluding technical cooperation, BoPN/AN/A
Personal remittances received$489.7M$644.3M
Industry including construction value added, % of GDP15.3%32%
Agriculture, forestry and fishing value added, % of GDP3.7%1.9%
Charges for the use of intellectual property, payments BoP$383M$768.9M
Charges for the use of intellectual property, receipts BoP$95.8M$515.2M
Expense, % of GDP46.6%37.7%
Government Expenditure, % of GDP47.8%49.8%

Compare with countries close by GDP per capita

Greece vs

CountryGDP
per capita
Population
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k

Norway vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k