Norway stocks & ETFs | Economy, holdings and country weight
NOR · Europe & Central Asia · High income
This page brings together what Norway means for an ETF portfolio: the economic picture from World Bank data, the 115 Norway stocks we track, and the ETFs that actually give you exposure — with the country weight computed from real fund holdings, not estimated.
Economic indicators
Gross domestic product (2025)531 bn USD
GDP per capita (2025)94,594 USD
Real GDP growth (2025)1.1 %
Inflation rate (2025)3.1 %
Unemployment rate (2025)4.6 %
Population (2025)5.6 m
| Year | GDP per capita (USD) | Real GDP growth (%) | Inflation rate (%) | Unemployment rate (%) |
|---|---|---|---|---|
| 2018 | 85,579 | 1.1 | 2.8 | 3.8 |
| 2019 | 79,329 | 1.5 | 2.2 | 3.7 |
| 2020 | 71,058 | -1.4 | 1.3 | 4.4 |
| 2021 | 96,443 | 4.1 | 3.5 | 4.4 |
| 2022 | 113,122 | 4.1 | 5.8 | 3.2 |
| 2023 | 90,984 | 0.4 | 5.5 | 3.6 |
| 2024 | 89,889 | 1.4 | 3.1 | 4.0 |
| 2025 | 94,594 | 1.1 | 3.1 | 4.6 |
Source: World Bank Open Data, licensed CC BY 4.0.
ETFs with the highest Norway weight
Sum of the fund's individual holdings from this country — added up from published holdings, not estimated.
| ETF | Index | Weight | Holdings |
|---|---|---|---|
| State Street® SPDR® MSCI Europe Small Cap UCITS ETF SMC · IE00BKWQ0M75 | MSCI Europe Small Cap | 5.4 % | 47 |
| Xtrackers MSCI Europe Small Cap UCITS ETF 1c XXSC · LU0322253906 | MSCI Europe Small Cap | 4.0 % | 37 |
| iShares STOXX Europe 600 UCITS ETF (DE) EXSA · DE0002635307 | STOXX Europe 600 | 1.3 % | 24 |
| Xtrackers MSCI World Energy UCITS ETF 1c XDW0 · IE00BM67HM91 | MSCI World Energy | 1.2 % | 3 |
| State Street® SPDR® MSCI World Energy UCITS ETF WNRG · IE00BYTRR863 | MSCI World Energy | 1.2 % | 3 |
| Xtrackers Stoxx Europe 600 UCITS ETF 1c XSX6 · LU0328475792 | STOXX Europe 600 | 1.1 % | 20 |
| Xtrackers Stoxx Europe 600 UCITS ETF 1d XSX7 · LU2581375156 | STOXX Europe 600 | 1.1 % | 20 |
| State Street® SPDR® MSCI Europe UCITS ETF SPYE · IE00BKWQ0Q14 | MSCI Europe | 1.0 % | 12 |
Largest tracked stocks
115 stocks from Norway are covered through our ETF holdings — these carry the highest single weight.
- EQUINOR0.79 %
- Equinor ASA0.78 %
- Storebrand ASA0.55 %
- STOREBRAND0.54 %
- Subsea 7 S.A.0.47 %
- Norsk Hydro ASA0.39 %
- NORSK HYDRO0.39 %
- Frontline Plc0.36 %
- Aker BP ASA0.31 %
- AKER BP0.31 %
- SPAREBANK SR-NORGE0.29 %
- SPAREBANK 1 SOR-NORGE ASA0.28 %
- Vend Marketplaces ASA0.26 %
- VEND MARKETPLACES0.26 %
- Yara International ASA0.25 %
- Mowi ASA0.22 %
- TELENOR0.21 %
- MOWI0.20 %
- Aker ASA Class A0.19 %
- Telenor ASA0.19 %