World Factbook
Svalbard (sometimes referred to as Spitsbergen, the largest island in the archipelago)
Last updated: 2026-03-28 (today)
Exchange rates
Currency
Norwegian kroner (NOK) per US dollar -
Exchange rates 2020
9.416 (2020 est.)
Exchange rates 2021
8.59 (2021 est.)
Exchange rates 2022
9.614 (2022 est.)
Exchange rates 2023
10.563 (2023 est.)
Exchange rates 2024
10.746 (2024 est.)
Economic overview
high-income Norwegian island economy; major coal mining, tourism, and research sectors; recently established northernmost brewery; key whaling and fishing base; home to the Global Seed Vault