Nepal vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Nepal ranked 103rd with $29B. By GDP 5-years average growth and GDP per capita, Norway and Nepal ranked 142nd vs 37th and 5th vs 170th, respectively.

Gross Domestic Product & Income

StatNepalNorway
GDP$29B$434.2B
GDP growth, 1 year6.3%1.4%
GDP growth, 5-years average4.8%1.7%
Population29.4M5.4M
GDP per capita$1k$82k
GDP per capita growth4.91%0.58%
Purchasing Power Parity conversion factor34.9310.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.331.25
GDP per capita, PPP adjusted$2.9k$74k
GNI, Atlas method$27.2B$428.4B
GNI per capita$970$81k
GNI, PPP adjusted$87.4B$363B
GNI per capita, PPP adjusted$3.1k$68k

Financial system and Human development

StatNepalNorway
Income Tax Rate25%47.8%
Corporate Tax Rate25%22%
Inflation, consumer prices4.2%2.8%
Inflation, GDP deflator6.3%5.8%
Unemployment1.3%3.9%
Economic Freedom Index54.273.4
Personal Freedom Index7.759.55
Human Freedom Index6.838.61
Property Rights Index40.784.3
Judical Effectiveness Index3282.8
Business Freedom Index61.686.1
Fiscal Health Index98.197.3
Labor Freedom Index53.757.4
Investment Freedom Index1075
Financial Freedom Index3060
Trade Freedom Index60.483.8
Monetary Freedom Index71.274.8
Government Spending Index77.925.6
Tax Burden Index83.457.7
Government Integrity Index31.595.6
Corruption Perceptions Index3184
Life expectancy at birth, years70.282.5
Suicide mortality rate, per 100,000 people8.812.2
Mortality caused by road traffic injury, per 100,000 people15.92.7
Intentional homicides, per 100,000 people2.20.5
International tourism, number of arrivals1.2M5.7M

Government debt & reserves

StatNepalNorway
Central government debt, % of GDP30.4%36.8%
External debt stocks, % of GNI18.9%N/A
External debt stocks$5.5BN/A
Short-term debt, % of total reserves3%N/A
Total debt service, % of exports and primary income8.5%N/A
Adjusted net savings including particulate emission damage, % of GNI38.1%16.9%
Gross savings, % of GDP49.5%35.9%
Gross capital formation, % of GDP55.2%27.3%
Total reserves including gold$8.3B$63.1B
Foreign direct investment net inflows$68.2M-$17.4B

Exports, imports and economic structure

StatNepalNorway
Exports of goods and services, % of GDP8.9%38.4%
Imports of goods and services, % of GDP46.3%32.6%
Current account balance (balance of payments)-$2.8B$31.4B
Revenue excluding grants, % of GDP22.9%47.4%
Grants excluding technical cooperation, BoP$629.7MN/A
Personal remittances received$8.3B$644.3M
Industry including construction value added, % of GDP13.5%32%
Agriculture, forestry and fishing value added, % of GDP25.3%1.9%
Charges for the use of intellectual property, payments BoPN/A$768.9M
Charges for the use of intellectual property, receipts BoPN/A$515.2M
Expense, % of GDP19.4%37.7%
Government Expenditure, % of GDP27.2%49.8%

Compare with countries close by GDP per capita

Nepal vs

CountryGDP
per capita
Population
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M

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