We report accurate values of the electric moments, static polarizabilities, hyperpolarizabilities and their respective derivatives for N2. Our values have been extracted from finite-field Møller–Pleset perturbation theory and coupled cluster calculations performed with carefully designed basis sets. A large [15s12p9d7f] basis set consisting of 290 CGTF is expected to provide reference self-consistent-field values of near-Hartree–Fock quality for all properties. The Hartree–Fock limit for the mean hyperpolarizability is estimated at γ̄=715±4e4a04Eh−3 at the experimental bond length Re=2.074 32a0. Accurate estimates of the electron correlation effects were obtained with a [10s7p6d4f] basis set. Our best values are Θ=−1.1258ea02 for the quadrupole and Φ=−6.75ea04 for the hexadecapole moment, ᾱ=11.7709 and Δα=4.6074e2a02Eh−1 for the mean and the anisotropy of the dipole polarizability, C̄=41.63e2a04Eh−1 for the mean quadrupole polarizability and γ̄=927e4a04Eh−3 for the dipole hyperpolarizability. The latter value is quite close to Shelton’s experimental estimate of 917±5e4a04Eh−3 [D. P. Shelton, Phys. Rev. A 42, 2578 (1990)]. The R dependence of all properties has been calculated with a [7s5p4d2f] basis set. At the CCSD(T) level of theory the dipole polarizability varies around Re as ᾱ(R)/e2a02Eh−1=11.8483+6.1758(R−Re)+0.9191(R−Re)2−0.8212(R−Re)3−0.0006(R−Re)4, Δα(R)/e2a02Eh−1=4.6032+7.0301(R−Re)+1.9340(R−Re)2−0.5708(R−Re)3+0.1949(R−Re)4. For the Cartesian components and the mean of γαβγδ, (dγzzzz/dR)e=1398, (dγxxxx/dR)e=867, (dγxxzz/dR)e=317, and (dγ̄/dR)e=994e4a03Eh−3. For the quadrupole polarizability Cαβ,γδ, we report (dCzz,zz/dR)e=19.20, (dCxz,xz/dR)e=16.55, (dCxx,xx/dR)e=10.20, and (dC̄/dR)e=23.31e2a03Eh−1. At the MP2 level of theory the components of the dipole–octopole polarizability (Eα,βγδ) and the mean dipole–dipole–octopole hyperpolarizability B̄ we have obtained (dEz,zzz/dR)e=36.71, (dEx,xxx/dR)e=−12.94e2a03Eh−1, and (dB̄/dR)e=−108e3a03Eh−2. In comparison with some other 14-electron systems, N2 appears to be less (hyper)polarizable than most, as near the Hartree–Fock limit we observe ᾱ(N2)<ᾱ(CO)<ᾱ(HCN)<ᾱ(BF)<ᾱ(HCCH) and γ̄(N2)<γ̄(CO)<γ̄(HCN)<γ̄(HCCH)<γ̄(BF).