The Norwegian economy advanced by 0.7% quarter-on-quarter in Q2 2026, following a 0.4% expansion in the previous period. It was the second consecutive quarter of expansion, mainly driven by an acceleration in petroleum activities and ocean transport, which grew 1.7% compared with 1.1% in Q1. Fixed investments rebounded, rising 4.4% after shrinking 7.2% in Q1. Meanwhile, government spending accelerated to 0.8% from 0.3%, while household consumption inched down 0.1% after declining 1.3%. On the other hand, net trade contributed negatively to GDP growth, as exports edged down 0.1% after falling 1.8% in Q1, while imports stalled following a 1.5% fall in Q1. On an annual basis, GDP expanded 2.0%, accelerating from a downwardly revised 1.6% in Q1. GDP for Mainland Norway, which excludes the largely petroleum-based offshore sector, grew 0.3% quarter-on-quarter, following a 0.2% gain in the prior period, marking the strongest growth in a year. source: Statistics Norway

The Gross Domestic Product (GDP) in Norway expanded 0.70 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Norway averaged 0.61 percent from 1978 until 2026, reaching an all time high of 4.00 percent in the first quarter of 2004 and a record low of -3.20 percent in the second quarter of 2020. This page provides - Norway GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

The Gross Domestic Product (GDP) in Norway expanded 0.70 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Norway is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway GDP Growth Rate is projected to trend around -0.30 percent in 2027 and 0.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-28 06:00 AM
GDP Growth Rate QoQ
Q1 0.4% -0.6% 0.9%
2026-08-27 06:00 AM
GDP Growth Rate QoQ
Q2 0.7% 0.4% 0.5%
2026-11-20 07:00 AM
GDP Growth Rate QoQ
Q3 0.7% 0.4%


Related Last Previous Unit Reference
Full Year GDP Growth 1.10 1.40 percent Dec 2025
GDP Growth Rate YoY 2.00 1.00 percent Jun 2026
GDP Constant Prices 1381038.00 1371835.00 NOK Million Jun 2026
GDP from Agriculture 114.00 5281.00 NOK Million Jun 2026
GDP from Construction 57106.00 59011.00 NOK Million Jun 2026
GDP from Manufacturing 81434.00 79694.00 NOK Million Jun 2026
GDP from Mining 1742.00 1630.00 NOK Million Jun 2026
GDP from Public Administration 75320.00 74683.00 NOK Million Jun 2026
GDP from Utilities 28043.00 36517.00 NOK Million Jun 2026
GDP Growth Rate 0.70 0.40 percent Jun 2026
Gross Fixed Capital Formation 299471.00 286746.00 NOK Million Jun 2026
Gross National Product 1422075.00 1411085.00 NOK Million Dec 2025


Norway GDP Growth Rate
Norway is one of the wealthiest countries in the world. Its wealth was build on the back of natural resources including oil and gas, hydropower and fish and supported by developed shipping industry. Components of the GDP on the expenditure side: household consumption (41 percent), gross fixed capital formation (24 percent) and government expenditure (22 percent). Exports of goods and services account for 38 percent of GDP while imports account for 30 percent, adding 8 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.40 4.00 -3.20 1978 - 2026 percent Quarterly
SA

News Stream
Norway GDP Growth Accelerates to 0.7% in Q2
The Norwegian economy advanced by 0.7% quarter-on-quarter in Q2 2026, following a 0.4% expansion in the previous period. It was the second consecutive quarter of expansion, mainly driven by an acceleration in petroleum activities and ocean transport, which grew 1.7% compared with 1.1% in Q1. Fixed investments rebounded, rising 4.4% after shrinking 7.2% in Q1. Meanwhile, government spending accelerated to 0.8% from 0.3%, while household consumption inched down 0.1% after declining 1.3%. On the other hand, net trade contributed negatively to GDP growth, as exports edged down 0.1% after falling 1.8% in Q1, while imports stalled following a 1.5% fall in Q1. On an annual basis, GDP expanded 2.0%, accelerating from a downwardly revised 1.6% in Q1. GDP for Mainland Norway, which excludes the largely petroleum-based offshore sector, grew 0.3% quarter-on-quarter, following a 0.2% gain in the prior period, marking the strongest growth in a year.
2026-08-27
Norwegian Economy Rebounds in Q1
The Norwegian economy expanded by 0.4% quarter-on-quarter in Q1 2026, rebounding from an upwardly revised 0.6% contraction in the previous period. The recovery was mainly driven by an acceleration in petroleum activities and ocean transport, which grew 5.4% compared with 2.9% in Q4. Net trade also contributed positively to GDP growth, as exports rose 7.0%, unchanged from the prior quarter, while import growth eased to 3.0% from 2.5%. Meanwhile, growth in household consumption slowed to 1.9% from 4.0%, while government spending eased to 2.9% from 3.1%. Fixed investments also contracted by 1.3% after expanding 2.4% in Q4. On an annual basis, GDP expanded 1.7%, easing from revised growth of 2.0% in Q4 and marking the weakest expansion in three quarters. The GDP for Mainland Norway, which excludes the largely petroleum-based offshore sector, grew 0.5% quarter-on-quarter, sharply slowing from a 1.7% increase in the prior period.
2026-05-28
Norwegian Economy Shrinks 0.3% in Q4
The Norwegian economy contracted by 0.3% quarter-on-quarter in Q4 2025, reversing an upwardly revised 1.3% expansion in the previous period. This marked the first economic contraction in a year, mainly weighed down by declines in petroleum activities and ocean transport (-2.6% vs 5% in Q3). Growth also slowed in household consumption (1% vs 1.3%). On the other hand, fixed investment growth picked up sharply to 7.2% from 0.1% in Q3, while government spending rose further (0.4% vs 0.1%). Net trade made no contribution to the annual GDP rate, as both exports and imports increased by 3.6%, compared with 3.8% and 1.1% in the prior quarter, respectively. On a year-on-year basis, GDP expanded 2.2%, slightly above Q3’s 2.1% growth. For the full year 2025, GDP grew 1.1%, moderating from a revised 1.4% expansion in 2024.
2026-02-09