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

Stat	Nepal	Norway
GDP	$29B	$434.2B
GDP growth, 1 year	6.3%	1.4%
GDP growth, 5-years average	4.8%	1.7%
Population	29.4M	5.4M
GDP per capita	$1k	$82k
GDP per capita growth	4.91%	0.58%
Purchasing Power Parity conversion factor	34.93	10.14
Price level ratio of PPP conversion factor GDP to market exchange rate	0.33	1.25
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

Stat	Nepal	Norway
Income Tax Rate	25%	47.8%
Corporate Tax Rate	25%	22%
Inflation, consumer prices	4.2%	2.8%
Inflation, GDP deflator	6.3%	5.8%
Unemployment	1.3%	3.9%
Economic Freedom Index	54.2	73.4
Personal Freedom Index	7.75	9.55
Human Freedom Index	6.83	8.61
Property Rights Index	40.7	84.3
Judical Effectiveness Index	32	82.8
Business Freedom Index	61.6	86.1
Fiscal Health Index	98.1	97.3
Labor Freedom Index	53.7	57.4
Investment Freedom Index	10	75
Financial Freedom Index	30	60
Trade Freedom Index	60.4	83.8
Monetary Freedom Index	71.2	74.8
Government Spending Index	77.9	25.6
Tax Burden Index	83.4	57.7
Government Integrity Index	31.5	95.6
Corruption Perceptions Index	31	84
Life expectancy at birth, years	70.2	82.5
Suicide mortality rate, per 100,000 people	8.8	12.2
Mortality caused by road traffic injury, per 100,000 people	15.9	2.7
Intentional homicides, per 100,000 people	2.2	0.5
International tourism, number of arrivals	1.2M	5.7M

Government debt & reserves

Stat	Nepal	Norway
Central government debt, % of GDP	30.4%	36.8%
External debt stocks, % of GNI	18.9%	N/A
External debt stocks	$5.5B	N/A
Short-term debt, % of total reserves	3%	N/A
Total debt service, % of exports and primary income	8.5%	N/A
Adjusted net savings including particulate emission damage, % of GNI	38.1%	16.9%
Gross savings, % of GDP	49.5%	35.9%
Gross capital formation, % of GDP	55.2%	27.3%
Total reserves including gold	$8.3B	$63.1B
Foreign direct investment net inflows	$68.2M	-$17.4B

Exports, imports and economic structure

Stat	Nepal	Norway
Exports of goods and services, % of GDP	8.9%	38.4%
Imports of goods and services, % of GDP	46.3%	32.6%
Current account balance (balance of payments)	-$2.8B	$31.4B
Revenue excluding grants, % of GDP	22.9%	47.4%
Grants excluding technical cooperation, BoP	$629.7M	N/A
Personal remittances received	$8.3B	$644.3M
Industry including construction value added, % of GDP	13.5%	32%
Agriculture, forestry and fishing value added, % of GDP	25.3%	1.9%
Charges for the use of intellectual property, payments BoP	N/A	$768.9M
Charges for the use of intellectual property, receipts BoP	N/A	$515.2M
Expense, % of GDP	19.4%	37.7%
Government Expenditure, % of GDP	27.2%	49.8%