Awards Record

Economics

Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel: winners and how it is awarded

The economics prize, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was first awarded in 1969. It is chosen by the Royal Swedish Academy of Sciences on the same principles as the Nobel Prizes and is announced last in the Nobel week.2,1,5

Awarded byRoyal Swedish Academy of Sciences
Established1969
FrequencyAnnual
Prize valueSEK 11.0 million per full Nobel Prize, shared equally or by the committee's division where there are several laureates (as of 2023 (amount set for 2023 on the official prize amounts page))

How the winner is chosen

Nominations are by invitation. The Nobel Prize organisation says thousands of members of academies, university professors, scientists, previous laureates and others are asked to propose candidates, and the deadline for submissions is midnight on 31 January. A Nobel Committee of five to ten members reviews the candidates and consults experts, and the prize-awarding institution then takes a final vote. For economic sciences the selecting institution is the Royal Swedish Academy of Sciences. The prize was not in Alfred Nobel's will and was first awarded in 1969.

Winners

  1. 2026Robert E. Hall, Michael Woodford9,11,12Research on the "microeconomic foundations of macroeconomic stabilization", as quoted by NBER from the Royal Swedish Academy of Sciences
  2. 2025Joel Mokyr, Philippe Aghion, Peter Howitt6Mokyr for the prerequisites for sustained growth through technological progress, Aghion and Howitt for the theory of growth through creative destruction
  3. 2024Daron Acemoglu, Simon Johnson, James A. Robinson7Studies of how institutions are formed and affect prosperity
  4. 2023Claudia Goldin8Having advanced understanding of women's labour market outcomes
  5. 2022Ben Bernanke, Douglas Diamond, Philip H. Dybvig13Research on banks and financial crises
  6. 2021David Card, Joshua Angrist, Guido Imbens14Card for empirical contributions to labour economics, Angrist and Imbens for methods to analyse causal relationships
  7. 2020Paul R. Milgrom, Robert B. Wilson15Improvements to auction theory and inventions of new auction formats
  8. 2019Abhijit Banerjee, Esther Duflo, Michael Kremer16An experimental approach to alleviating global poverty
  9. 2018William D. Nordhaus, Paul M. Romer17Nordhaus for integrating climate change, Romer for integrating technological innovation, into long run macroeconomic analysis
  10. 2017Richard H. Thaler18Contributions to behavioural economics
  11. 2016Oliver Hart, Bengt Holmström19Contributions to contract theory

Notable facts

Nominee names and other nomination details are kept secret and the Nobel Prize organisation says they cannot be revealed until 50 years later.4

The official prize amounts page states that the Nobel Prize amount for 2023 was set at SEK 11.0 million per full prize.3

Since 1974 the statutes say a prize cannot be awarded posthumously unless death has occurred after the announcement.10

Sources

  1. Nobel Prize Outreach, Prize announcement dates (2026)
  2. Nobel Prize Outreach, Nomination and selection of Nobel Prize laureates
  3. Nobel Prize Outreach, The Nobel Prize amounts (2023)
  4. Nobel Prize Outreach, Nomination archive
  5. Nobel Prize Outreach, All Nobel Prizes
  6. Nobel Prize Outreach, All Nobel Prizes 2025 (October 2025)
  7. Nobel Prize Outreach, All Nobel Prizes 2024 (October 2024)
  8. Nobel Prize Outreach, All Nobel Prizes 2023 (October 2023)
  9. Associated Press (via KSAT), A list of this year's Nobel Prize winners (12 October 2026)
  10. Nobel Prize Outreach, Nobel Prize facts (27 October 2026)
  11. National Bureau of Economic Research, Robert Hall and Michael Woodford Awarded 2026 Nobel Prize (12 October 2026)
  12. Al Jazeera (with AFP, Reuters, AP), Nobel economics prize awarded to Robert Hall and Michael Woodford (October 2026)
  13. Nobel Prize Outreach, All Nobel Prizes 2022 (2022)
  14. Nobel Prize Outreach, All Nobel Prizes 2021 (2021)
  15. Nobel Prize Outreach, All Nobel Prizes 2020 (2020)
  16. Nobel Prize Outreach, All Nobel Prizes 2019 (2019)
  17. Nobel Prize Outreach, All Nobel Prizes 2018 (2018)
  18. Nobel Prize Outreach, All Nobel Prizes 2017 (2017)
  19. Nobel Prize Outreach, The Nobel Prize in Economic Sciences 2016, summary (2016)