Norway House Prices Growth

1993 - 2024 | Quarterly | % | CEIC Data

Key information about House Prices Growth

  • Norway house prices grew 4.8% YoY in Dec 2024, following an increase of 3.3% YoY in the previous quarter.
  • YoY growth data is updated quarterly, available from Mar 1993 to Dec 2024, with an average growth rate of 7.0%.
  • House price data reached an all-time high of 21.2% in Mar 2000 and a record low of -6.9% in Dec 2008.

CEIC calculates House Prices Growth from quarterly House Price Index. Statistics Norway provides House Price Index with base 2015=100.

View Norway's House Prices Growth from Mar 1993 to Dec 2024 in the chart:

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Norway House Prices Growth
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Norway House Prices Growth

What was Norway's House Prices Growth in Dec 2024?

Norway house prices grew 4.8% YoY in Dec 2024, following an increase of 3.3% YoY in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.8 Dec 2024 3.3 Sep 2024 -6.9 Dec 2008 21.2 Mar 2000 % quarterly Mar 1993 - Dec 2024

House Prices Growth by Country Comparison

country/region Last Frequency Range
Australia (%) 2.9 Dec 2024 quarterly Sep 2004 - Dec 2024
Austria (%) -2.1 Dec 2024 quarterly Sep 1987 - Dec 2024
Belarus (%) -2.5 Dec 2021 quarterly Mar 2010 - Dec 2021
Belgium (%) 3.8 Sep 2024 quarterly Mar 1974 - Sep 2024
Bosnia and Herzegovina (%) 17.0 2022 yearly 2009 - 2022
Brazil (%) 8.2 Feb 2025 monthly Jan 2009 - Feb 2025
Brunei (%) -3.9 Sep 2024 quarterly Mar 2016 - Sep 2024
Bulgaria (%) 15.1 Jun 2024 quarterly Mar 2006 - Jun 2024
Canada (%) 0.1 Jan 2025 monthly Jan 1982 - Jan 2025
Chile (%) -1.7 Sep 2024 monthly Jan 2004 - Sep 2024
China (%) -4.1 Dec 2024 monthly Mar 1999 - Dec 2024
Colombia (%) 9.1 Dec 2024 quarterly Mar 1998 - Dec 2024
Croatia (%) 1.8 Dec 2023 semiannually Jun 1996 - Dec 2023
Cyprus (%) 6.5 Sep 2024 quarterly Mar 2007 - Sep 2024
Czech Republic (%) 1.0 Mar 2023 quarterly Mar 2006 - Mar 2023
Denmark (%) 12.3 Jan 2022 monthly Jan 2007 - Jan 2022
Estonia (%) 7.8 Mar 2025 quarterly Sep 2004 - Mar 2025
European Union (%) 3.8 Sep 2024 quarterly Mar 2006 - Sep 2024
Finland (%) 2.0 Dec 2017 quarterly Mar 2011 - Dec 2017
France (%) -3.5 Sep 2024 quarterly Mar 2001 - Sep 2024
Georgia (%) 7.8 Jun 2021 monthly May 2016 - Jun 2021
Germany (%) -0.7 Sep 2024 quarterly Mar 2001 - Sep 2024
Greece (%) 7.3 Sep 2024 quarterly Mar 2000 - Sep 2024
Hong Kong SAR, China (%) -6.4 Jan 2025 monthly Jan 1994 - Jan 2025
Hungary (%) 12.2 Sep 2024 quarterly Mar 2008 - Sep 2024
Iceland (%) 7.9 Feb 2025 monthly Mar 2001 - Feb 2025
India (%) 2.6 Sep 2024 quarterly Mar 2011 - Sep 2024
Indonesia (%) 1.4 Dec 2024 quarterly Mar 2003 - Dec 2024
Ireland (%) 8.7 Dec 2024 monthly Jan 2006 - Dec 2024
Israel (%) 7.3 Nov 2024 monthly Jan 1995 - Nov 2024
Italy (%) 3.9 Sep 2024 quarterly Mar 2011 - Sep 2024
Japan (%) 4.3 Nov 2024 monthly Apr 2009 - Nov 2024
Kazakhstan (%) 5.9 Feb 2025 monthly Nov 2013 - Feb 2025
South Korea (%) -0.2 Feb 2025 monthly Jan 1987 - Feb 2025
Latvia (%) 17.3 Mar 2022 quarterly Mar 2007 - Mar 2022
Lithuania (%) 13.1 Mar 2023 quarterly Mar 2007 - Mar 2023
Luxembourg (%) -1.7 Sep 2024 quarterly Mar 2008 - Sep 2024
North Macedonia (%) 4.7 Mar 2024 quarterly Mar 2001 - Mar 2024
Malaysia (%) 1.4 Dec 2024 quarterly Mar 2000 - Dec 2024
Malta (%) 4.1 Sep 2024 quarterly Mar 2001 - Sep 2024
Mexico (%) 8.8 Dec 2024 quarterly Mar 2006 - Dec 2024
Mongolia (%) 13.7 Dec 2024 quarterly Mar 2023 - Dec 2024
Montenegro (%) 8.2 Dec 2024 quarterly Mar 2012 - Dec 2024
Morocco (%) 0.8 Dec 2024 quarterly Mar 2007 - Dec 2024
Netherlands (%) 11.5 Jan 2025 monthly Jan 1996 - Jan 2025
New Zealand (%) -0.9 Sep 2024 quarterly Dec 1990 - Sep 2024
Norway (%) 4.8 Dec 2024 quarterly Mar 1993 - Dec 2024
Palestinian Territory (%) -0.4 Dec 2024 quarterly Mar 2019 - Dec 2024
Peru (%) 7.0 Dec 2021 quarterly Dec 2008 - Dec 2021
Philippines (%) -2.3 Sep 2024 quarterly Mar 2015 - Sep 2024
Poland (%) 16.3 Sep 2024 quarterly Dec 2006 - Sep 2024
Portugal (%) 9.8 Sep 2024 quarterly Mar 2010 - Sep 2024
Romania (%) 7.0 Sep 2022 quarterly Mar 2010 - Sep 2022
Russia (%) 11.8 Dec 2022 quarterly Mar 2006 - Dec 2022
Serbia (%) 0.7 Jun 2024 semiannually Jun 1995 - Jun 2024
Singapore (%) 3.9 Dec 2024 quarterly Mar 1976 - Dec 2024
Slovakia (%) 6.7 Dec 2024 quarterly Mar 2006 - Dec 2024
Slovenia (%) 7.9 Sep 2024 quarterly Mar 2008 - Sep 2024
South Africa (%) 7.3 Nov 2016 monthly Jan 1967 - Nov 2016
Spain (%) 7.7 Feb 2025 monthly Jan 2002 - Feb 2025
Sweden (%) 2.6 Dec 2024 quarterly Mar 1987 - Dec 2024
Switzerland (%) 0.9 Dec 2024 quarterly Mar 1971 - Dec 2024
Taiwan (%) 12.5 Sep 2024 quarterly Mar 2002 - Sep 2024
Thailand (%) 8.5 Sep 2021 monthly Mar 2009 - Sep 2021
Turkey (%) 29.4 Dec 2024 monthly Jan 2011 - Dec 2024
Ukraine (%) 10.5 Sep 2024 quarterly Mar 2017 - Sep 2024
United Kingdom (%) 3.8 Feb 2025 monthly Jan 1992 - Feb 2025
United States (%) 5.2 Dec 2024 quarterly Mar 1992 - Dec 2024

Norway Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 13.2 Dec 2024 quarterly Dec 2002 - Dec 2024
Consolidated Fiscal Balance (USD mn) 12,674.664 Dec 2024 quarterly Mar 2002 - Dec 2024
Tax Revenue (USD mn) 39,330.156 Dec 2024 quarterly Mar 2002 - Dec 2024
Tax Revenue: % of GDP (%) 31.4 Dec 2024 quarterly Mar 2002 - Dec 2024
National Government Debt (USD mn) 251,843.3 2024 yearly 1995 - 2024
Government Debt: % of GDP (%) 55.1 2024 yearly 1995 - 2024
Forecast: Government Expenditure (NOK bn) 3,010.754 2029 yearly 1980 - 2029
Forecast: Government Net Debt (NOK bn) 2,401.942 2029 yearly 1980 - 2029
Forecast: Government Revenue (NOK bn) 3,428.365 2029 yearly 1980 - 2029
General Govt Taxes: GS: Value Added Tax (NOK mn) 390,000.000 2024 yearly 1995 - 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.489 2029 yearly 1980 - 2029
Trade Balance (USD mn) 8,366.3 Jan 2025 monthly Jan 1957 - Jan 2025
Total Exports (USD mn) 15,663.5 Jan 2025 monthly Jan 1975 - Jan 2025
Total Exports Growth (%) 19.9 Jan 2025 monthly Jan 1976 - Jan 2025
Aluminum: Exports (USD th) 4,581,890.806 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 515,748.196 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 296,273.789 2023 yearly 1995 - 2023
Total Imports (USD mn) 7,297.2 Jan 2025 monthly Jan 1976 - Jan 2025
Total Imports Growth (%) 1.0 Jan 2025 monthly Jan 1977 - Jan 2025
Imports: Medicament (USD th) 1,770,963.762 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 855,378.267 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 405.112 Dec 2024 monthly Jan 1988 - Dec 2024
Total Imports from USA (USD mn) 864.150 Dec 2024 monthly Apr 1963 - Dec 2024
Total Exports to China (USD mn) 293.646 Jan 2025 monthly Mar 1977 - Jan 2025
Total Imports from China (USD mn) 898.982 Jan 2025 monthly Apr 1963 - Jan 2025
Exports: Crude Oil (NOK mn) 45,704.000 Jan 2025 monthly Jan 1974 - Jan 2025
Imports (NOK mn) 82,703.000 Jan 2025 monthly Jan 1976 - Jan 2025
Exports (NOK mn) 177,522.000 Jan 2025 monthly Jan 1975 - Jan 2025
Exports: Sweden (NOK th) 9,754,857.000 Jan 2025 monthly Jan 1988 - Jan 2025
Exports: Netherlands (NOK th) 16,238,880.000 Jan 2025 monthly Jan 1988 - Jan 2025
Exports: Germany (NOK th) 34,258,576.000 Jan 2025 monthly Jan 1988 - Jan 2025
Exports: France (NOK th) 7,771,756.000 Jan 2025 monthly Jan 1988 - Jan 2025
Exports: United Kingdom (NOK th) 39,072,355.000 Jan 2025 monthly Jan 1988 - Jan 2025
Exports: 1-Digit: Food and Live Animals (NOK th) 15,602,585.000 Jan 2025 monthly Jan 1988 - Jan 2025
Exports: 1-Digit: Chemical and Related Product (NOK th) 7,846,015.000 Jan 2025 monthly Jan 1988 - Jan 2025
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 124,585,195.000 Jan 2025 monthly Jan 1988 - Jan 2025
Exports: 1-Digit: Manufactured Goods (NOK th) 11,523,794.000 Jan 2025 monthly Jan 1988 - Jan 2025
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 10,504,896.000 Jan 2025 monthly Jan 1988 - Jan 2025
Imports: Denmark (NOK th) 3,521,611.000 Jan 2025 monthly Jan 1988 - Jan 2025
Imports: Sweden (NOK th) 8,397,706.000 Jan 2025 monthly Jan 1988 - Jan 2025
Imports: United Kingdom (NOK th) 3,577,426.000 Jan 2025 monthly Jan 1988 - Jan 2025
Imports: Germany (NOK th) 7,926,546.000 Jan 2025 monthly Jan 1988 - Jan 2025
Imports: China (NOK th) 10,188,607.000 Jan 2025 monthly Jan 1988 - Jan 2025
Imports: 1-Digit: Miscellaneous Manufactured Goods (NOK th) 11,498,119.000 Jan 2025 monthly Jan 1988 - Jan 2025
Imports: 1-Digit: Machinery and Transport Equipment (NOK th) 29,359,229.000 Jan 2025 monthly Jan 1988 - Jan 2025
Imports: 1-Digit: Manufactured Goods (NOK th) 10,920,498.000 Jan 2025 monthly Jan 1988 - Jan 2025
Imports: 1-Digit: Chemical and Related Product (NOK th) 9,052,145.000 Jan 2025 monthly Jan 1988 - Jan 2025
Imports: 1-Digit: Crude Material and Inedible (NOK th) 6,965,505.000 Jan 2025 monthly Jan 1988 - Jan 2025
Import Volume Index: sa: Machinery and Transport Equipment (2000=100) 198.400 Dec 2024 quarterly Mar 1989 - Dec 2024
Import Volume Index: sa: Food and Live Animals (2000=100) 184.300 Dec 2024 quarterly Mar 1989 - Dec 2024
Import Volume Index: Miscellaneous Manufactured Goods (2000=100) 152.200 Dec 2024 quarterly Mar 1989 - Dec 2024
Import Volume Index: sa: Animal and Vegetable Oil and Fats (2000=100) 306.100 Dec 2024 quarterly Mar 1989 - Dec 2024
Import Volume Index: sa: Miscellaneous Manufactured Goods (2000=100) 148.500 Dec 2024 quarterly Mar 1989 - Dec 2024
Import Volume Index: Machinery and Transport Equipment (2000=100) 208.800 Dec 2024 quarterly Mar 1989 - Dec 2024
Import Volume Index: sa: Beverages and Tobacco (2000=100) 265.900 Dec 2024 quarterly Mar 1989 - Dec 2024
Import Volume Index: Beverages and Tobacco (2000=100) 284.200 Dec 2024 quarterly Mar 1989 - Dec 2024
Import Volume Index: Animal and Vegetable Oil and Fats (2000=100) 337.100 Dec 2024 quarterly Mar 1989 - Dec 2024
Import Volume Index: sa (2000=100) 179.100 Dec 2024 quarterly Mar 1989 - Dec 2024
Import Volume Index: Food and Live Animals (2000=100) 190.100 Dec 2024 quarterly Mar 1989 - Dec 2024
Import Volume Index (2000=100) 184.300 Dec 2024 quarterly Mar 1989 - Dec 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -1,544.9 Dec 2024 quarterly Mar 1994 - Dec 2024
Current Account Balance (USD mn) 27,310.5 Mar 2023 quarterly Mar 1981 - Mar 2023
Current Account Balance: % of GDP (%) 15.3 Dec 2024 quarterly Mar 1981 - Dec 2024
Foreign Direct Investment (USD mn) 650.0 Dec 2024 quarterly Mar 2005 - Dec 2024
Foreign Direct Investment: % of GDP (%) -0.9 Dec 2022 quarterly Mar 2005 - Dec 2022
Foreign Portfolio Investment (USD mn) 9,482.192 Dec 2024 quarterly Mar 1994 - Dec 2024
Foreign Portfolio Investment: % of GDP (%) 7.6 Dec 2024 quarterly Mar 1994 - Dec 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -245.6 Dec 2024 quarterly Mar 2005 - Dec 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 9,727.822 Dec 2024 quarterly Mar 2005 - Dec 2024
External Debt (USD mn) 733,078.4 Dec 2024 quarterly Mar 2003 - Dec 2024
External Debt: % of GDP (%) 160.3 2024 yearly 2003 - 2024
External Debt: Short Term (USD mn) 261,432.7 Sep 2023 quarterly Mar 2012 - Sep 2023
External Debt: Short Term: % of GDP (%) 46.6 2022 yearly 2012 - 2022
Total Debt: % of GDP (%) 610.1 Dec 2024 quarterly Dec 1995 - Dec 2024
Forecast: Current Account Balance (USD bn) 36.259 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 1,732,511.721 Dec 2024 quarterly Mar 2012 - Dec 2024
BoP: FA: Foreign Assets: Other Investments (NOK mn) 142,147.000 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: FA: Foreign Assets: Direct Investment (DI) (NOK mn) -17,051.000 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: FA: Foreign Liabilities: Other Investments (NOK mn) 176,783.000 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: FA: Foreign Assets: Reserve Assets (NOK mn) -48,400.000 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: Financial Account (FA): Foreign Assets (NOK mn) 363,491.000 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) 371,118.000 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: FA: Foreign Liabilities: Direct Investment (DI) (NOK mn) 7,174.000 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: FA: Foreign Liabilities (NOK mn) 288,611.000 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: FA: Foreign Liabilities: Portfolio Investment (PI) (NOK mn) 104,654.000 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: BI: Net Compensation of Employees and Investment Income (NOK mn) 33,107.000 Dec 2024 quarterly Mar 1981 - Dec 2024
BoP: BI: Net Current Transfers (NOK mn) -26,601.000 Dec 2024 quarterly Mar 1981 - Dec 2024
BoP: Current Account Balance (NOK mn) 211,190.000 Dec 2024 quarterly Mar 1981 - Dec 2024
IIP: Foreign Assets (NOK mn) 31,207,818.000 Dec 2024 quarterly Mar 2012 - Dec 2024
IIP: Foreign Liabilities (NOK mn) 11,512,105.000 Dec 2024 quarterly Mar 2012 - Dec 2024
Gross External Debt (NOK mn) 8,333,855.000 Dec 2024 quarterly Mar 2012 - Dec 2024
Gross Debt: External Loan Debt: General Public (NOK mn) 1,222,575.000 Dec 2018 quarterly Dec 2015 - Dec 2018
Foreign Direct Investment: Stock (NOK mn) 1,873,497.000 2023 yearly 2004 - 2023
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 7,402.000 2023 yearly 1998 - 2023
Direct Investment Abroad: Stock: Equity Capital: Singapore (NOK mn) 96,245.000 2023 yearly 1998 - 2023
Direct Investment Abroad: Stock: Equity Capital: Africa (NOK mn) 19,104.000 2023 yearly 2004 - 2023
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 205,055.000 2023 yearly 1998 - 2023
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 295,556.000 2023 yearly 1998 - 2023
Direct Investment Abroad: Stock: Equity Capital (NOK mn) 1,701,383.000 2017 yearly 2004 - 2017
No of Bankruptcies: SIC 2007 (Unit) 1,199.000 Dec 2024 quarterly Mar 2006 - Dec 2024
No of New Registered Enterprises (Unit) 15,748.000 Dec 2024 quarterly Mar 2001 - Dec 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.4 2022 yearly 1990 - 2022
Household Debt: % of GDP (%) 91.3 Dec 2024 quarterly Dec 1995 - Dec 2024
Money Supply M1 (USD mn) 249,423.707 Jan 2025 monthly Dec 1992 - Jan 2025
Money Supply M2 (USD mn) 288,614.541 Jan 2025 monthly Dec 1992 - Jan 2025
M2 Growth (%) 5.1 Jan 2025 monthly Dec 1993 - Jan 2025
Reserve Requirement Ratio (%) 3.5 Feb 2025 monthly Oct 2011 - Feb 2025
Foreign Exchange Reserves (USD mn) 78,999.1 Feb 2025 monthly Jan 1999 - Feb 2025
Foreign Exchange Reserves: % of GDP (%) 15.907 Dec 2024 quarterly Mar 1999 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 10.5 Jan 2025 monthly Jan 1999 - Jan 2025
Gold Reserves (USD mn) 0.000 Feb 2025 monthly Dec 1959 - Feb 2025
Total Deposits (USD mn) 451,956.880 Jan 2025 monthly May 2009 - Jan 2025
Total Deposits Growth (%) 2.9 Jan 2025 monthly May 2010 - Jan 2025
Domestic Credit (USD mn) 666,955.1 Jan 2025 monthly Dec 1985 - Jan 2025
Domestic Credit Growth (%) 3.7 Jan 2025 monthly Dec 1986 - Jan 2025
Debt Service Ratio: Households (%) 21.100 Sep 2024 quarterly Mar 1999 - Sep 2024
Debt Service Ratio: Private Non-Financial Sector (%) 28.900 Sep 2024 quarterly Mar 1999 - Sep 2024
Credit to Households (USD bn) 434.420 Sep 2024 quarterly Mar 1975 - Sep 2024
Credit to Private Non-Financial Sector (USD bn) 1,134.685 Sep 2024 quarterly Dec 1953 - Sep 2024
Household Debt (USD mn) 417,601.8 Dec 2024 quarterly Dec 1995 - Dec 2024
Total Loans (USD mn) 733,805.230 Dec 2024 monthly Mar 1996 - Dec 2024
Total Loans Growth (%) 6.20 Dec 2024 monthly Mar 1997 - Dec 2024
Private Debt: % of Nominal GDP (%) 120.03 Dec 2024 quarterly Mar 1996 - Dec 2024
Monetary Aggregates: M3: M2 (NOK mn) 3,258,285.000 Jan 2025 monthly Dec 1992 - Jan 2025
Monetary Aggregates: Base Money (NOK mn) 195,767.000 Jan 2025 monthly Jan 1900 - Jan 2025
Monetary Aggregates: M3: M2: M1 (NOK mn) 2,815,844.000 Jan 2025 monthly Dec 1992 - Jan 2025
Monetary Aggregates: M3: sa (NOK mn) 3,259,824.000 Jan 2025 monthly Jan 2008 - Jan 2025
Monetary Aggregates: M3 (NOK mn) 3,263,101.000 Jan 2025 monthly Jan 2008 - Jan 2025
Monetary Aggregates: M2: YoY (%) 4.700 Jan 2025 monthly Jan 2009 - Jan 2025
Official Reserve Assets (NOK mn) 980,497.000 Feb 2025 monthly Jan 1999 - Feb 2025
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 773,093.000 Feb 2025 monthly Jan 1999 - Feb 2025
Bank Deposits (NOK mn) 5,102,322.000 Jan 2025 monthly May 2009 - Jan 2025
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Loans: Banks (NOK mn) 4,964,795.000 Jan 2025 monthly Jan 1996 - Jan 2025
Domestic Debt C2 (NOK mn) 7,529,523.000 Jan 2025 monthly Dec 1985 - Jan 2025
Non Performing Loans Ratio: Enterprises (%) 0.500 2022 yearly 1990 - 2022
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -0.1 Feb 2025 monthly Feb 2005 - Feb 2025
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

More Indicators for Norway

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