The Nobel Committee said he was awarded it for "his extraordinary efforts to strengthen international diplomacy and co-operation between peoples".
There were a record 205 nominations for this year's prize.
The laureate - chosen by a five-member committee - wins a gold medal, a diploma and 10m Swedish kronor ($1.4m).
(CNN) -- President Obama was awarded the 2009 Nobel Peace Prize on Friday.
Less than nine months into his presidency, Barack Obama has been awarded the 2009 Nobel Peace Prize.
The first African-American to win the White House, Obama was praised by the Norwegian Nobel Committee for "his extraordinary efforts to strengthen international diplomacy and cooperation between peoples."
"Only very rarely has a person to the same extent as Obama captured the world's attention and given its people hope for a better future," the committee said. "His diplomacy is founded in the concept that those who are to lead the world must do so on the basis of values and attitudes that are shared by the majority of the world's population."
The committee also said Obama has "created a new climate in international politics."
OSLO (Reuters) - U.S. President Barack Obama won the Nobel Peace Prize on Friday for his calls to reduce the world's stockpile of nuclear weapons and working for world peace.
The first African American to hold the country's highest office, Obama has called for disarmament and worked to restart the stalled Middle East peace process since taking office in January.
The prize worth 10 million Swedish crowns ($1.4 million) will be handed over in Oslo on December 10.
“After Iraq, we may be tempted to turn inward. That would be a mistake. The American moment is not over, but it must be seized anew. We must bring the war to a responsible end and then renew our leadership — military, diplomatic, moral — to confront new threats and capitalize on new opportunities.”
The Norwegian Nobel Committee said Obama was honored for "his extraordinary efforts to strengthen international diplomacy and cooperation between peoples."
Originally posted by whatukno
I wonder what the president will do with the $1.4 million in prize money he gets for winning the peace prize?
This is a shocker! I don't know what to think.