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, marking the strongest growth in five quarters. For the full year 2025, GDP grew 1.1%, moderating from a revised 1.4% expansion in 2024. source: Statistics Norway

The Gross Domestic Product (GDP) in Norway contracted 0.30 percent in the fourth quarter of 2025 over the previous quarter. GDP Growth Rate in Norway averaged 0.62 percent from 1978 until 2025, 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 February of 2026.

The Gross Domestic Product (GDP) in Norway contracted 0.30 percent in the fourth quarter of 2025 over the previous quarter. GDP Growth Rate in Norway is expected to be 0.60 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 0.40 percent in 2027 and 0.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-11-26 07:00 AM
GDP Growth Rate QoQ
Q3 1.1% 1.2% 0.4%
2026-02-09 07:00 AM
GDP Growth Rate QoQ
Q4 -0.3% 1.3% 0.2%
2026-05-15 06:00 AM
GDP Growth Rate QoQ
Q1 -0.3% 0.6%


Related Last Previous Unit Reference
Full Year GDP Growth 1.10 1.40 percent Dec 2025
GDP Growth Rate YoY 2.20 2.10 percent Dec 2025
GDP Constant Prices 1370469.00 1375047.00 NOK Million Dec 2025
GDP from Agriculture 6143.00 6676.00 NOK Million Dec 2025
GDP from Construction 59003.00 58953.00 NOK Million Dec 2025
GDP from Manufacturing 79574.00 79997.00 NOK Million Dec 2025
GDP from Mining 1447.00 1631.00 NOK Million Dec 2025
GDP from Public Administration 74486.00 73972.00 NOK Million Dec 2025
GDP from Utilities 33287.00 33054.00 NOK Million Dec 2025
GDP Growth Rate -0.30 1.30 percent Dec 2025
Gross Fixed Capital Formation 317208.00 295904.00 NOK Million Dec 2025
Gross National Product 1426470.00 1433650.00 NOK Million Jun 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
-0.30 1.30 4.00 -3.20 1978 - 2025 percent Quarterly
SA

News Stream
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
Norway GDP Growth Eases Slightly to 1.1% in Q3
The Norwegian economy expanded by 1.1% quarter-on-quarter in Q3 2025, easing from an upwardly revised 1.2% growth in the previous quarter. This marked the third consecutive quarter of expansion, driven largely by a faster rise in both petroleum activities and ocean transport (4.4% vs 3.6% in Q2) and by stronger household consumption (1.1% vs 0.8%). Meanwhile, exports increased (1.9% vs 1.7%), and imports rose (1.1% vs -0.5%), contributing positively to GDP growth. By contrast, contractions were seen in fixed investment (-1.3% vs 3.4%) and government spending (–0.1% vs 0.4%). On a year-on-year basis, GDP grew 2.1% in the September quarter, rebounding from a downwardly revised 0.6% contraction in the previous quarter.
2025-11-26
Norway GDP Growth Rate Accelerates in Q2
The Norwegian economy expanded by 0.8% quarter-on-quarter in Q2 2025, accelerating from a revised 0.1% growth in the previous quarter. This marked the second consecutive quarter of expansion, largely driven by a rebound in both petroleum activities and ocean transport (1.4% vs -2.0% in Q1), as well as a sharp recovery in fixed investment (4.6% vs -5.2%). Government spending also rose at a faster pace (0.5% vs 0.3%), while exports increased (0.8% vs -2.2%) and imports declined (-0.6% vs -2.6%), contributing positively to GDP growth. Meanwhile, household consumption continued to grow, though at a slower pace (0.2% vs 1.9%). On a year-on-year basis, GDP contracted by 2.1% in the June quarter, following a downwardly revised 0.3% decline in the previous quarter.
2025-08-21