Norway
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 112 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)$531B
GDP per capita (2025)$94,594
Real GDP growth (2025)1.1%
Inflation rate (2025)3.0%
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 | 2.7 | 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 | 3.2 | 4.0 |
| 2025 | 94,594 | 1.1 | 3.0 | 4.6 |
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 | 6.0% | 46 |
| Xtrackers MSCI Europe Small Cap UCITS ETF 1c XXSC · LU0322253906 | MSCI Europe Small Cap | 4.3% | 36 |
| Xtrackers MSCI Europe Small Cap UCITS ETF 1d XMES · LU3456232308 | MSCI Europe Small Cap | 4.3% | 36 |
| iShares STOXX Europe 600 UCITS ETF (DE) EXSA · DE0002635307 | STOXX Europe 600 | 1.3% | 22 |
| State Street® SPDR® MSCI World Energy UCITS ETF WNRG · IE00BYTRR863 | MSCI World Energy | 1.2% | 3 |
| Xtrackers MSCI World Energy UCITS ETF 1c XDW0 · IE00BM67HM91 | MSCI World Energy | 1.2% | 3 |
| State Street® SPDR® S&P® Global Dividend Aristocrats UCITS ETF (Dist) ZPRG · IE00B9CQXS71 | S&P Global Dividend Aristocrats | 1.2% | 1 |
| Xtrackers Stoxx Europe 600 II UCITS ETF 1c X600 · IE00003M6Z62 | STOXX Europe 600 | 1.2% | 19 |
Largest Tracked Stocks
112 stocks from Norway are covered through our ETF holdings — these carry the highest single weight.
- DNB Bank ASA1.20%
- EQUINOR0.76%
- Equinor ASA0.76%
- Storebrand ASA0.53%
- Frontline Plc0.52%
- Subsea 7 S.A.0.52%
- STOREBRAND0.52%
- Aker BP ASA0.34%
- Norsk Hydro ASA0.33%
- NORSK HYDRO0.33%
- AKER BP0.33%
- SPAREBANK 1 SOR-NORGE ASA0.32%
- SPAREBANK SR-NORGE0.31%
- Vend Marketplaces ASA0.24%
- Yara International ASA0.24%
- NORDIC SEMICONDUCTOR0.23%
- Mowi ASA0.23%
- Nordic Semiconductor ASA0.22%
- AKER0.22%
- TELENOR0.21%
All Tracked Stocks
21 names, ETF coverage on average in the 76.6th percentile of all stocks we cover. Sorted by ETF reach.
| Stock | Ticker | ETFs |
|---|---|---|
| DNB Bank ASA | DNB | 27 |
| Equinor ASA | EQNR | 26 |
| Mowi ASA | MOWI | 26 |
| Aker BP ASA | AKRBP | 25 |
| Gjensidige Forsikring ASA | GJF | 25 |
| Kongsberg Gruppen ASA | KOG | 25 |
| Yara International ASA | YAR | 25 |
| Norsk Hydro ASA | NHY | 24 |
| SalMar ASA | SALM | 24 |
| Orkla ASA | ORK | 22 |
| Var Energi ASA | VAR | 19 |
| Frontline plc | FRO | 15 |
| Storebrand ASA | STB | 15 |
| Subsea 7 S.A. | SUBC | 15 |
| VEND Marketplaces ASA | VEND | 15 |
| TOMRA Systems ASA | TOM | 14 |
| Aker ASA Class A | AKER | 13 |
| Nordic Semiconductor ASA | NOD | 13 |
| Sparebank 1 Sor-Norge ASA | SB1NO | 13 |
| Sparebanken Norge | SBNOR | 5 |
| TGS Nopec Geophysical | TGS | 1 |
Other Countries in This Region
Austria
Belgium
Switzerland
Germany
Denmark
Spain
Finland
France
United Kingdom
Greece
Ireland
Italy
Luxembourg
Netherlands
In the Alysly Network
The map shows how Norway connects to ETFs, indices and other names. Each link is based on measured data and is not a recommendation.
- Aker BP Stock · domicile
- DNB Bank Stock · domicile
- Equinor Stock · domicile
- Gjensidige Forsikring Stock · domicile
- Kongsberg Gruppen Stock · domicile
- Mowi Stock · domicile
- Yara International Stock · domicile