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Norway increases support for reconstruction efforts in Ukraine

Norway is providing a new contribution of NOK 2.4 billion to the World Bank’s Ukraine Relief, Recovery, Reconstruction and Reform Fund (URTF), a multi-donor trust fund that channels funding to meet critical needs in Ukraine during the war, including

Article IV and FSAP

Under Article IV of the IMF's Articles of Agreement, the IMF visits Norway and holds bilateral discussions every year. A staff team collects economic and financial information, and discusses with officials the Norwegian economic developments and

Annual white paper on the Government Pension Fund

Today, The Ministry of Finance is presenting the 2025 white paper on the Government Pension Fund (Meld. St. 22 (2024-2025)). In the white paper, the Ministry reports on the results and management of the Government Pension Fund Global and the

Market Value

Government Pension Fund Global market value from 1996 to 2024. NOK billion GPFG market value development 1996-2024. NOK billion

Market Value

Government Pension Fund market value from 1996 to 2024. NOK billion The accumulation of capital in the GPFG originates by and large from the conversion of oil and gas resources in the North Sea and Norwegian Sea to financial assets abroad. Petroleum

Market Value

Government Pension Fund Norway market value from 1996 to 2024. NOK billion1 1 A major part of the GPFN assets was invested with the Treasury in the form of mandatory deposits until 2005. Folketrygdfondet’s participation in the mandatory deposit

Fund Performance

GPFN annual geometric average return. Measured in Norwegian kroner. Per cent 2024 Last 5 years Last 10 years Since 2007 GPNF Portfolio 7,65 7,30 7,53 7,39 Benchmark index 6,50 6,27 6,68 6,39 Excess return (percentage points) 1,15 1,03 0,85 1,00

Fund Performance

GPFG annual geometric average return. Measured in the currency basket. Per cent 2023 Last 5 years Last 10 years Last 20 years GPFG Portfolio 13,09 7,44 7,25 6,71 Benchmark index 13,53 7,15 6,99 6,52 Excess return (percentage points)1 -0,45 0,29 0,26

Norway to increase support to Ukraine by NOK 50 billion

The Government has proposed a substantial increase in Norway’s military support to Ukraine in 2025, in line with the broad-based political agreement reached in the Storting.

The 8 Nordic-Baltic countries publish report on large financial crisis simulation exercise

Over a period of five days in the autumn of 2024, the Nordic-Baltic Stability Group (NBSG ) conducted a financial crisis simulation exercise across its 8 member countries. The goal of the exercise was to test collaboration and coordination across

Norway is strengthening cooperation with the EU to combat VAT fraud

The Norwegian Government is requesting the Storting (the Norwegian Parliament) for consent to implement a renegotiated agreement with the EU on administrative cooperation in the VAT area. According to the new Agreement, Norwegian tax authorities

Annual Report 2024

Council on Ethics for the Norwegian Government Pension Fund Global

Norway to increase its support to Ukraine by NOK 50 billion

Norway is now significantly increasing its support to Ukraine. The parties in the Storting have agreed to increase allocations to Ukraine for 2025 by an additional NOK 50 billion.

External reports and letters about the Government Pension Fund

2025 GPFG CEM Investment Benchmarking report for 2023 (02/14/2025) GPFN CEM Investment Benchmarking report for 2023 (02/14/2025) 2024 Report for the Norwegian Ministry of Finance: On the global market portfolio, private-equity markets and Chines

Terminated general tax conventions between Norway and other states

Terminated general tax conventions for the avoidance of double taxation and the prevention of fiscal evasion, and other international agreements regarding tax matters.