The Norwegian sovereign wealth fund does not directly “generate” a fixed amount for Norway each year; instead, it earns investment returns on the country’s oil revenues and those gains add to the fund’s value. In 2024, it reported a record annual profit of 2.5 trillion kroner, about $222 billion, with a 13% return.

What that means for Norway

The fund, officially the Government Pension Fund Global, was worth 19.7 trillion kroner at the end of 2024, about $1.75 trillion. A huge gain like that can be larger than Norway’s yearly public spending, but it is not all spent at once because Norway follows a fiscal rule that limits how much of the fund can be used in the budget.

Recent performance

For 2025, reporting in early 2026 said the fund made about $247 billion and posted a 15% annual return. In spring 2026, Reuters reported the fund was up 4.2% by April 29 after a rougher first quarter.

Simple way to think about it

If you mean “how much money does it bring in,” the best recent headline number is roughly 2.5 trillion kroner in profit in 2024. If you mean “how much does Norway actually use from it,” the answer is much smaller, because only a small share is transferred into the national budget each year under Norway’s spending rule.

Bottom line

The fund is a massive source of national wealth, but most of its “generation” stays invested. The clearest recent figure is the 2.5 trillion kroner profit in 2024.

Would you like the same answer in dollars, kroner, or per-Norwegian terms?