Norway Foreign Exchange & Gold Reserves (USD) - Historical Data
Total official international reserves of Norway (Norges Bank), comprising monetary gold valued at year-end London market prices, convertible foreign exchange reserves, Special Drawing Rights (SDRs), and IMF reserve positions from 1960 to 2025. Latest reserve holdings stand at $85.49 billion USD (2025).
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Current Statistics & Historical Records
Latest Reading (2025)
$85.49B
Prev (2024): $81.24B+$4.25B
Highest Recorded (2025)
$85.49B
Peak foreign exchange and gold reserves held by Norway.
Lowest Recorded (1961)
$0.30B
Lowest recorded official international reserve holdings for Norway.
Long-Run Mean (1960–2025)
$27.79B
66 annual observations · Annual
Norges Bank · NOK
Norway Foreign Exchange & Gold Reserves (USD) (1960-2025)
USD BillionsDrag to pan, scroll to zoom, or toggle between full archive (1960–2025) and recent annual observations.
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Source: World Bank Open Data & International Monetary Fund (IFS) (WB:FI.RES.TOTL.CD:NOR)
Latest: $85.49B (2025)
Norway FX Reserves ($B) Averages by Decade
Decadal mean, peak, and trough across the 1960–2025 archive
| Decade | Years Covered | Decade Mean | Decade High (Year) | Decade Low (Year) |
|---|---|---|---|---|
| 1960s | 1960–1969 | $0.48B | $0.71B (1968) | $0.30B (1961) |
| 1970s | 1970–1979 | $2.20B | $4.82B (1979) | $0.81B (1970) |
| 1980s | 1980–1989 | $10.78B | $14.85B (1987) | $6.72B (1981) |
| 1990s | 1990–1999 | $19.85B | $26.95B (1996) | $12.33B (1992) |
| 2000s | 2000–2009 | $43.04B | $60.84B (2007) | $23.60B (2001) |
| 2010s | 2010–2019 | $59.15B | $66.95B (2019) | $49.40B (2011) |
| 2020s | 2020–2025 | $79.80B | $85.49B (2025) | $72.08B (2022) |
Complete Annual Historical Ledger (1960–2025)
Unit: USD Billions · Source: World Bank Open Data & International Monetary Fund (IFS) (WB:FI.RES.TOTL.CD:NOR)
| Year | Annual Value (USD Billions) | Intra-Year Range (Min – Max) | Monetary Regime & Historical Context |
|---|---|---|---|
| 2025 | $85.49B | $85.49B – $85.49B | Post-tightening monetary recalibration across advanced and emerging central banks |
| 2024 | $81.24B | $81.24B – $81.24B | G10 policy rates peak and pivot toward gradual monetary normalization |
| 2023 | $80.46B | $80.46B – $80.46B | - |
| 2022 | $72.08B | $72.08B – $72.08B | Global inflation surge triggers fastest synchronized rate hiking cycle in four decades |
| 2021 | $84.27B | $84.27B – $84.27B | - |
| 2020 | $75.26B | $75.26B – $75.26B | COVID-19 pandemic emergency rate cuts and record balance sheet expansion |
| 2019 | $66.95B | $66.95B – $66.95B | - |
| 2018 | $63.15B | $63.15B – $63.15B | - |
| 2017 | $65.92B | $65.92B – $65.92B | - |
| 2016 | $60.45B | $60.45B – $60.45B | Bank of Japan introduces Yield Curve Control (YCC); post-Brexit BoE easing |
| 2015 | $57.46B | $57.46B – $57.46B | - |
| 2014 | $64.80B | $64.80B – $64.80B | ECB and European peers introduce Negative Interest Rate Policy (NIRP) |
| 2013 | $58.28B | $58.28B – $58.28B | - |
| 2012 | $51.86B | $51.86B – $51.86B | - |
| 2011 | $49.40B | $49.40B – $49.40B | European Sovereign Debt Crisis and Swiss franc safe-haven surge |
| 2010 | $53.22B | $53.22B – $53.22B | - |
| 2009 | $48.86B | $48.86B – $48.86B | - |
| 2008 | $50.95B | $50.95B – $50.95B | Global Financial Crisis drives major central banks to the zero lower bound and QE1 |
| 2007 | $60.84B | $60.84B – $60.84B | - |
| 2006 | $56.84B | $56.84B – $56.84B | - |
| 2005 | $46.99B | $46.99B – $46.99B | - |
| 2004 | $44.31B | $44.31B – $44.31B | - |
| 2003 | $37.71B | $37.71B – $37.71B | - |
| 2002 | $32.40B | $32.40B – $32.40B | - |
| 2001 | $23.60B | $23.60B – $23.60B | Dot-com bust and synchronized G10 monetary easing cycle |
| 2000 | $27.92B | $27.92B – $27.92B | - |
| 1999 | $24.15B | $24.15B – $24.15B | Launch of the Euro and establishment of the European Central Bank (ECB) |
| 1998 | $19.39B | $19.39B – $19.39B | - |
| 1997 | $23.74B | $23.74B – $23.74B | Asian Financial Crisis triggers emergency EM currency defense hikes |
| 1996 | $26.95B | $26.95B – $26.95B | - |
| 1995 | $22.98B | $22.98B – $22.98B | - |
| 1994 | $19.48B | $19.48B – $19.48B | Global bond market selloff and pre-emptive Federal Reserve tightening cycle |
| 1993 | $20.08B | $20.08B – $20.08B | - |
| 1992 | $12.33B | $12.33B – $12.33B | European Exchange Rate Mechanism (ERM) crisis and Black Wednesday |
| 1991 | $13.65B | $13.65B – $13.65B | - |
| 1990 | $15.79B | $15.79B – $15.79B | German reunification tightening and Japanese asset bubble peak |
| 1989 | $14.26B | $14.26B – $14.26B | - |
| 1988 | $13.75B | $13.75B – $13.75B | - |
| 1987 | $14.85B | $14.85B – $14.85B | Louvre Accord and Black Monday central bank liquidity provision |
| 1986 | $12.99B | $12.99B – $12.99B | - |
| 1985 | $14.30B | $14.30B – $14.30B | Plaza Accord coordinated G5 currency intervention depreciates USD |
| 1984 | $9.73B | $9.73B – $9.73B | - |
| 1983 | $7.08B | $7.08B – $7.08B | - |
| 1982 | $7.41B | $7.41B – $7.41B | - |
| 1981 | $6.72B | $6.72B – $6.72B | Volcker disinflation peak pushes benchmark policy rates to postwar highs |
| 1980 | $6.75B | $6.75B – $6.75B | - |
| 1979 | $4.82B | $4.82B – $4.82B | Second oil shock; Paul Volcker appointed Federal Reserve Chair |
| 1978 | $3.12B | $3.12B – $3.12B | - |
| 1977 | $2.37B | $2.37B – $2.37B | - |
| 1976 | $2.32B | $2.32B – $2.32B | - |
| 1975 | $2.33B | $2.33B – $2.33B | - |
| 1974 | $2.07B | $2.07B – $2.07B | First OPEC oil shock triggers global stagflation and steep policy rate hikes |
| 1973 | $1.64B | $1.64B – $1.64B | - |
| 1972 | $1.35B | $1.35B – $1.35B | - |
| 1971 | $1.16B | $1.16B – $1.16B | Nixon Shock suspends USD gold convertibility; Bretton Woods system ends |
| 1970 | $0.81B | $0.81B – $0.81B | - |
| 1969 | $0.71B | $0.71B – $0.71B | - |
| 1968 | $0.71B | $0.71B – $0.71B | - |
| 1967 | $0.68B | $0.68B – $0.68B | - |
| 1966 | $0.53B | $0.53B – $0.53B | Credit crunch of 1966 and monetary tightening |
| 1965 | $0.48B | $0.48B – $0.48B | - |
| 1964 | $0.39B | $0.39B – $0.39B | - |
| 1963 | $0.35B | $0.35B – $0.35B | - |
| 1962 | $0.30B | $0.30B – $0.30B | - |
| 1961 | $0.30B | $0.30B – $0.30B | - |
| 1960 | $0.31B | $0.31B – $0.31B | - |
Frequently Asked Questions - Norway FX Reserves ($B)
How much in foreign exchange and gold reserves does Norway hold?
As of 2025, Norway holds $85.49 billion USD in total international reserves (including monetary gold and foreign exchange).
Statistical Provenance
Source Metadata & Methodology Notes
- Primary Institution:
- World Bank Open Data & International Monetary Fund (IFS)
- Dataset / Dataflow:
- World Development Indicators: Total Reserves Including Gold (FI.RES.TOTL.CD)
- Canonical Series ID:
- WB:FI.RES.TOTL.CD:NOR
- Reuse & License:
- Creative Commons Attribution 4.0 International (CC BY 4.0)
- Holdings of monetary gold (valued at year-end London prices), Special Drawing Rights (SDRs), reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities.
- Values are converted from current US dollars to billions of US dollars ($10^9$).
- Licensed under Creative Commons Attribution 4.0 International (CC BY 4.0) via World Bank Development Indicators.
Academic & Media Attribution
Cite This Dataset (APA & BibTeX)
APA 7th Edition
CentralBankData.com. (2025). Norway Foreign Exchange & Gold Reserves (USD), compiled from World Bank & IMF International Financial Statistics (FI.RES.TOTL.CD, CC BY 4.0). https://centralbankdata.com/norway-foreign-exchange-reserves
BibTeX
@misc{cbd_reserves_norway,
author = {CentralBankData.com},
title = {Norway Foreign Exchange and Gold Reserves},
note = {Compiled from World Bank and IMF IFS FI.RES.TOTL.CD (CC BY 4.0)},
year = {2025},
url = {https://centralbankdata.com/norway-foreign-exchange-reserves}
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