Weapons Sales in Norway increased to 72 USD Million in 2020 from 31 USD Million in 2019. source: SIPRI

Weapons Sales in Norway averaged 72.31 USD Million from 1950 until 2020, reaching an all time high of 278 USD Million in 1981 and a record low of 1 USD Million in 1950. Norway Weapons Sales - values, historical data and charts - was last updated on May of 2021.

Weapons Sales in Norway is expected to reach 153.99 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Weapons Sales is projected to trend around 164.02 USD Million in 2022 and 183.47 USD Million in 2023, according to our econometric models.

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Norway Weapons Sales

Actual Previous Highest Lowest Dates Unit Frequency
72.00 31.00 278.00 1.00 1950 - 2020 USD Million Yearly
constant 1990 prices

Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 25448.00 23552.00 48677.18 -9914.00 NOK Million [+]
Current Account 9277.00 9277.00 122200.00 -16087.00 NOK Million [+]
Current Account to GDP 1.90 2.80 16.10 -6.10 percent [+]
Imports 72686.00 59408.00 83879.95 696.00 NOK Million [+]
Exports 98133.00 82960.00 98223.26 449.00 NOK Million [+]
External Debt 6151512.00 6239407.00 6638702.00 0.00 NOK Million [+]
Terms of Trade 84.12 86.37 115.90 75.84 points [+]
Capital Flows -70605.00 41423.00 189108.00 -162110.00 NOK Million [+]
Crude Oil Production 1816.00 1827.00 3417.00 2.00 BBL/D/1K [+]
Oil Exports 27693.00 23146.00 37132.00 0.00 NOK Million [+]
Terrorism Index 1.30 0.08 4.71 0.00 [+]
Weapons Sales 72.00 31.00 278.00 1.00 USD Million [+]
Foreign Direct Investment -24017.00 10237.00 139145.00 -220006.00 NOK Million [+]


Norway Weapons Sales
Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.