Nobel Committee Chairman Thorbjoern Jagland rejected suggestions from journalists that Obama was getting the prize too early, saying it recognized what he had already done over the past year.
"We hope this can contribute a little bit to enhance what he is trying to do," he told a news conference.
The committee said it attached "special importance to Obama's vision of and work for a world without nuclear weapons," saying he had "created a new climate in international politics."
Without naming Obama's predecessor George W. Bush, it highlighted the differences in America's engagement with the rest of the world since the change of administration in January.
"Multilateral diplomacy has regained a central position, with emphasis on the role that the United Nations and other international institutions can play."Dialogue and negotiations are preferred as instruments for resolving even the most difficult international conflicts," it said, and the United States was playing a more constructive role in tackling climate change.
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