The Nobel Prize is a set of annual international awards bestowed in several categories by Swedish and Norwegian institutions in recognition of academic, cultural, or scientific advances. The will of the Swedish chemist, engineer and industrialist Alfred Nobel established the five Nobel prizes in 1895. The prizes in Chemistry, Literature, Peace, Physics, and Physiology or Medicine were first awarded in 1901. The prizes are widely regarded as the most prestigious awards available in their respective fields.

There is no Nobel Prize for mathematics, but many mathematicians have won the prize, most commonly for physics but occasionally for economics, and in one case for literature. For instance, when mathematician John Nash won a Nobel Prize in 1994, it was for a result that had a major impact in economics. (Nash's achievement was celebrated in director Ron Howard's 2002 movie A Beautiful Mind, starring Russell Crowe.)

The Abel Prize is intended to give the mathematicians their own equivalent of a Nobel Prize. Such an award was first proposed in 1902 by King Oscar II of Sweden and Norway, just a year after the award of the first Nobel Prizes. However, plans were dropped as the union between the two countries was dissolved in 1905. As a result, mathematics has never had an international prize of the same dimensions and importance as the Nobel Prize.

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