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kr

Norwegian Krone

NOK · Norway

25
Moderate
Risk
Historical Scores
223037Jul 2021Jul 2023Jun 2026
What does this mean for you?

The Norwegian Krone is in decent shape overall, scoring 25 out of 100. There are some areas to watch, but no immediate danger. Your money is holding its value reasonably well compared to most currencies.

You only need about 4.6%/yr to stay ahead. A basic savings account is enough. Calculator ↓

Inflation
3.1%
Debt / GDP
30.8%
GDP Growth
2.1%
FX Volatility
15.4
Governance
1.9
Reserves
4.3 mo
Analysis
What's working well
Prices are stable — your money holds its value well
Government debt is low — less pressure to print money
Strong institutions and rule of law
What to watch out for
No major concerns
Full Norway analysis →

Savings Impact Calculator

kr
Holding cash in NOK3.1% inflation
kr857−kr143 (14% purchasing power lost)
Your kr1,000 buys 14% less in 5 years
What if you invested kr1,000 instead? (5yr, in NOK terms)
Hold USD Cash
kr865
−kr135
-2.9%/yr net in NOK
S&P 500
kr1621
+kr621
range: kr740–kr3194
10% USD return + 0.1% FX · ±16% vol
Gold
kr1479
+kr479
range: kr422–kr4030
8% USD return + 0.1% FX · ±24% vol
Bitcoin
kr3070
+kr2070
range: kr182–kr18.5k
25% USD return + 0.1% FX · ±54% vol

All values in NOK. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~0.1%/yr based on the inflation differential between Norway (3.1%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Holding other assets too? Calculate your full portfolio risk →
This score is based on our 12-factor risk model. Think inflation or debt should matter more? Build your own model with custom weights and see how NOK ranks differently.
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