Norway GDP Growth Rate  1978-2017 | Data | Chart | Calendar | Forecast

The Norwegian economy grew by 1.1 percent quarter-on-quarter in the three months to June of 2017, much stronger than a 0.2 percent expansion in the previous period. Growth was supported by a rebound in petroleum activities and ocean transport (3.7 percent from -2.3 percent in Q1) and fixed investment (3.2 percent from -0.6 percent in Q1). Also, household consumption rose further by 1 percent (from 0.6 percent in Q1) while government spending expanded at a slower 0.4 percent (from 0.8 percent in Q1). In addition, net trade contributed positively, as exports advanced 1 percent (from -0.9 percent in Q1) while imports shrank 0.4 percent (from 4.3 percent in Q1). Mainland GDP, which excludes oil and gas exploration and transport, advanced by 0.7 percent in the second quarter, the same pace as in the previous period. GDP Growth Rate in Norway averaged 0.64 percent from 1978 until 2017, reaching an all time high of 4 percent in the fourth quarter of 1994 and a record low of -2.60 percent in the third quarter of 1987.

Norway GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-02-09 07:00 AM GDP Growth Rate QoQ 1.1% -0.6% 0.7% 0.8%
2017-05-16 06:00 AM GDP Growth Rate QoQ 0.2% 1.2% 0.2% 0.5%
2017-08-24 06:00 AM GDP Growth Rate QoQ 1.1% 0.2% 0.4%
2017-11-14 07:00 AM GDP Growth Rate QoQ 1.1% 0.6%


Norway GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 0.20 4.00 -2.60 percent [+]
GDP Annual Growth Rate 0.20 2.50 10.20 -4.30 percent [+]
GDP 370.56 386.58 522.75 5.16 USD Billion [+]
GDP Constant Prices 803559.00 794479.00 803559.00 296903.00 NOK Million [+]
Gross National Product 805064.00 824052.00 826823.00 55200.00 NOK Million [+]
Gross Fixed Capital Formation 192263.00 186356.00 198284.00 69756.00 NOK Million [+]
GDP per capita 89818.32 89619.49 91594.18 23176.96 USD [+]
GDP per capita PPP 63810.79 63669.53 65072.43 42829.64 USD [+]
GDP From Agriculture 5284.00 5344.00 6155.00 2752.00 NOK Million [+]
GDP From Construction 47513.00 47044.00 47513.00 20792.00 NOK Million [+]
GDP From Manufacturing 51576.00 51402.00 57118.00 38577.00 NOK Million [+]
GDP From Mining 1317.00 1336.00 1849.00 596.00 NOK Million [+]
GDP From Public Administration 46556.00 46312.00 46556.00 21954.00 NOK Million [+]
GDP From Utilities 4862.00 4782.00 5618.00 2883.00 NOK Million [+]


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. This page provides - Norway GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.20 4.00 -2.60 1978 - 2017 percent Quarterly
NSA




gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.10 Jun/17
Turkey 2.10 Jun/17
China 1.70 Sep/17
Netherlands 1.50 Jun/17
India 1.40 Jun/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17