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Investment Strategy

The Government Pension Fund consists of the Government Pension Fund Global (GPFG) and the Government Pension Fund Norway (GPFN). The investment strategy for the Government Pension Fund is premised on seeking to maximise the return on fund assets

Fund Performance for The Government Pension Fund Norway

GPFN annual geometric average return. Measured in Norwegian kroner. Per cent 2025 Last 5 years Last 10 years Since 2007 GPNF Portfolio1 12,73 8,07 8,09 7,66 Benchmark index 11,97 7,06 7,22 6,67 Excess return (percentage points) 0,76 1,01 0,88 0,99

Market Value of The Government Pension Fund Norway

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 arrangement was discontinued in December 2006, and fund assets amounting to

The Government Pension Fund

The purpose of the Government Pension Fund is to facilitate government savings to finance rising public pension expenditures, and support long-term considerations in the spending of government petroleum revenues. A sound long-term management of the

Culture, sports and non-profit work

The cultural sector should be diverse, strong and independent. Culture expands our understanding of ourselves and the society in which we live. Sport and physical activity have great intrinsic value. Top-level and recreational sports should

Market Value of The Government Pension Fund Global

GPFG market value development 1996-2024. NOK billion Source: Norges Bank and Ministry of Finance

Government Pension Fund and the Santiago principles

The International Forum of Sovereign Wealth Funds (IFSWF) was established in 2009 with the purpose of promoting the Santiago Principles. Norway is not a member of the IFSWF, but fully supports these principles.

Adherence of the Government Pension Fund Global (GPFG) to the Santiago principles

The Ministry of Finance has recently conducted an update of the self-assessments of the Government Pension Fund’s adherence to the Santiago Principles, cf. separate reviews of the GPFG and the GPFN, respectively. This self-assessment documents the

Norway and the Age of Energy

'We are transitioning out of oil, out of gas, out of fossil, and now into a new chapter. I emphasize transitioning, because this is complex; when energy sources shift, power shifts and politics shifts', said Prime Minister Jonas Gahr Støre.

By Prime Minister Jonas Gahr Støre Columbia University, World Leaders Forum

Governance framework

The Storting has, in the Government Pension Fund Act, accorded the Ministry of Finance formal responsibility for the management of the Fund. Operational management of the Government Pension Fund Global (GPFG) is carried out by Norges Bank.

Strategic Benchmark Index

The mandate issued by the Ministry of Finance to Norges Bank expresses the long-term investment strategy for the Fund, including the strategic benchmark index and appurtenant provisions on the execution of the management assignment.

Signing of agreement on Norway’s participation in EUs Secure Connectivity program

Norway and EU are strengthening their collaboration on secure satellite communication through signing of the Secure Connectivity-agreement. Norway is brought closer to European space-cooperation.

Kindergarten Act

Kindergartens shall provide children under compulsory school age with good opportunities for development and activity in close understanding and collaboration with the children's homes.

Read act at lovdata.no

Minister of International Development Aukrust in South Sudan: “A man-made crisis we cannot ignore”

For the first time in four years, a Norwegian minister visits South Sudan. Renewed fighting has led to a sharp deterioration in the humanitarian situation. Minister of International Development Åsmund Aukrust is calling on the country’s leaders to

Investment Strategy

The objective for the management of the GPFN is to maximise financial returns measured in Norwegian kroner, given a moderate level of risk. The main part of the assets of the GPFN is invested in the Norwegian equity and fixed income markets.

Norwegian health service provides life saving assistance to Ukraine

This week, Norway received its 500th patient who was medically evacuated from Ukraine.

New white paper on development policy: ‘We need a roadmap aligned with reality’

The Minister of Development is initiating work to develop new development policy, following extensive geopolitical and financial changes in aid in recent years. This will be summarised in a white paper to be presented to Parliament in its 2027

Lotteries and gaming

The Ministry of Culture and Equality has the overarching responsibility for the administration of gaming and lotteries in Norway. The Norwegian Gambling and Foundation Authority is the specialist administrative and supervisory body. The major gaming

The Government Tightens the Rules for Displaced Persons from Ukraine: Men Aged 18 to 60 Will No Longer Receive Temporary Collective Protection

The Government today adopted an amendment to the Regulations that restricts the Norwegian scheme for temporary collective protection for persons displaced from Ukraine. Men between the ages of 18 and 60 will, with certain exceptions, no longer

The Government Strengthens Norwegian Research Management in Svalbard with Updated Strategy and New Research Office

To strengthen Norwegian research management in Svalbard and facilitate responsible international research cooperation, the government is now launching an updated strategy for research and higher education and a new research office in Svalbard.