Norway’s economic growth moderated to 1.1% in 2025 from a revised 1.4% in 2024. The slowdown was mainly driven by contractions in petroleum activities and ocean transport (-0.9% vs 3.9% in 2024) and a moderation in government spending (1.5% vs 1.7%). Net trade also weighed on growth, as imports rose 2.6% (vs 5%) faster than exports, which increased 2.4% (vs 5.8%). In contrast, growth picked up in household consumption (2.7% vs 1.3%) and rebounded for fixed investments (1.3% vs -1.4%). source: Statistics Norway
Full Year GDP Growth in Norway decreased to 1.10 percent in 2025 from 1.40 percent in 2024. Full Year GDP Growth in Norway averaged 2.81 percent from 1971 until 2025, reaching an all time high of 6.10 percent in 1984 and a record low of -1.60 percent in 2009. This page includes a chart with historical data for Norway Full Year GDP Growth. Norway Full Year GDP Growth - values, historical data and charts - was last updated on September of 2026.
Full Year GDP Growth in Norway decreased to 1.10 percent in 2025 from 1.40 percent in 2024. Full Year GDP Growth in Norway is expected to reach 0.90 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Full Year GDP Growth is projected to trend around 0.20 percent in 2027 and -0.30 percent in 2028, according to our econometric models.