Inflation measured by a GDP deflator rose 569% to 0.169% in Norway in 2021, according to the National Statistical Office.
Historically, inflation measured by a GDP deflator in Norway reached an all time high of 0.169% in 2021 and an all time low of -0.052% in 2009. When compared to Norway's main peers, inflation measured by a GDP deflator in Denmark amounted to 0.028%, 0.025% in Finland, 0.060% in Iceland and 0.030% in Sweden in 2021.
Norway has been ranked 25th within the group of 170 countries we follow in terms of inflation measured by a GDP deflator, 62 places above the position seen 10 years ago.
| Inflation (GDP Deflator) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Australia | % | -0.006% | -0.006% | 0.037% | 0.018% | 0.034% | ||||||||||||||||
| Denmark | % | 0.004% | 0.003% | 0.012% | 0.007% | 0.010% | ||||||||||||||||
| Finland | % | 0.016% | < 0.001% | 0.008% | 0.020% | 0.015% | ||||||||||||||||
| Germany | % | 0.019% | 0.013% | 0.015% | 0.020% | 0.021% | ||||||||||||||||
| Iceland | % | 0.061% | 0.023% | 0.009% | 0.026% | 0.045% | ||||||||||||||||
| Indonesia | % | 0.040% | 0.024% | 0.043% | 0.038% | 0.016% | ||||||||||||||||
| Netherlands | % | 0.008% | 0.005% | 0.013% | 0.024% | 0.030% | ||||||||||||||||
| New Zealand | % | 0.014% | 0.024% | 0.035% | 0.019% | 0.035% | ||||||||||||||||
| Norway | % | -0.029% | -0.015% | 0.040% | 0.067% | -0.005% | ||||||||||||||||
| Papua New Guinea | % | -0.012% | 0.025% | 0.077% | 0.098% | 0.011% | ||||||||||||||||
| Russia | % | 0.072% | 0.028% | 0.053% | 0.100% | 0.033% | ||||||||||||||||
| Sweden | % | 0.021% | 0.015% | 0.021% | 0.024% | 0.025% | ||||||||||||||||
| United Kingdom | % | 0.007% | 0.019% | 0.018% | 0.017% | 0.021% |
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