Two-way investment brief

Australia–Norway

At the end of 2025, investors from Norway held A$226 m of direct investment in Australia, making it Australia’s 35th-largest source of foreign direct investment (0.0% of the total). That stock rose 18.3% over the year and has grown -13.2% a year on average over the past decade. Norway was Australia’s 36th-largest two-way trading partner in 2025 (goods and services, A$2.6 bn; 0.2% of Australia’s trade). Globally, Norway was the world’s 35th-largest source of FDI outflows in 2024 ($5.6 bn, World Bank).

Data (CSV)Norway global profile

Norway direct investment in Australia

A$226 m

+18.3%vs 202435th largest

Total Norway investment in Australia

A$51.7 bn

17th largest · 1.0%

Australian direct investment in Norway

—

Total Australian investment in Norway

A$10.3 bn

Levels at 31 Dec 2025

Trend

Direct investment in both directions

Direct investment levels, Australia–Norway

Norway in Australia
Australia in Norway

Source: ABS, International Investment Position, Australia: Supplementary Statistics (5352.0).

Norway’s investment in Australia by type

Direct investment
Portfolio investment
Other investment

Source: ABS, International Investment Position, Australia: Supplementary Statistics (5352.0).

Annual direct investment flows

Net transactions during the year; negative = net disinvestment

Norway → Australia
Australia → Norway

Source: ABS, International Investment Position, Australia: Supplementary Statistics (5352.0).

Trade relationship

Australia–Norway trade

Investment and trade move together: the partners that invest most in Australia are usually major trading partners too. Goods trade is recorded monthly (latest: July 2026); services annually.

Two-way trade, 2025

A$2.6 bn

36th largest partner · 0.2%

Goods exports to Norway, 2025

A$185 m

12 months to July 2026: A$187 m

Goods imports from Norway, 2025

A$1.1 bn

12 months to July 2026: A$1.2 bn

Services trade, 2025

A$1.3 bn

Exports A$282 m · imports A$985 m

Goods trade

Calendar years, A$ (ABS merchandise trade)

Exports to Norway
Imports from Norway

Source: ABS, International Merchandise Trade (MERCH_EXP / MERCH_IMP), summed to calendar years.

Services trade

Calendar years, A$ (ABS international trade in services by country)

Exports to Norway
Imports from Norway

Source: ABS, International Trade in Services by Country, calendar years.

Economic outlook

Norway’s economy

IMF World Economic Outlook	2024	2025	2026forecast	2027forecast	2028forecast
Real GDP growth	1.4%	1.1%	1.5%	1.3%	1.1%
Inflation	3.2%	3.0%	3.3%	2.6%	2.2%
Unemployment rate	4.0%	4.5%	4.2%	4.2%	4.0%
Current account, % GDP	15.0%	14.1%	14.3%	13.6%	12.9%
Fiscal balance, % GDP	12.8%	9.3%	10.2%	8.3%	7.6%
Government gross debt, % GDP	52.8%	45.0%	42.9%	39.4%	35.9%

Source: IMF World Economic Outlook via the IMF DataMapper API. Years from 2026 are IMF projections; recent years may be estimates and are revised in each WEO round (April and October).

2025 at a glance

New FDI from Norway: −A$199 m
New Australian FDI in Norway: —
Direct investment income paid to investors: —
Direct investment income earned by Australians: —

Norway globally (World Bank)

FDI outflows, 2024: $5.6 bn · 35th
FDI inflows, 2025: −$7.8 bn
GDP, 2025: $531 bn
Region · income: Europe & Central Asia · High income

Regulatory openness (OECD FDIRRI)

OECD index data loading — see FDI openness

Sources: ABS, International Investment Position, Australia: Supplementary Statistics (cat. 5352.0), 2025 release, released 2026-05-06 — levels at 31 December and calendar-year flows and income, A$ millions, immediate counterparty basis (investment routed via third economies is attributed to the intermediate economy). World Bank WDI (US$). OECD FDI Regulatory Restrictiveness Index. np = not published for confidentiality; included in totalsPrepared independently by FDIstats from public statistics; not an Australian Government publication and not investment advice. For foreign investment rules, see the Treasury and FIRB.