The Norwegian economy expanded 2.2% year-on-year in Q4 2025, slightly above Q3’s 2.1% growth, marking the strongest growth in five quarters. GDP Annual Growth Rate in Norway averaged 2.49 percent from 1979 until 2025, reaching an all time high of 10.10 percent in the first quarter of 1980 and a record low of -4.20 percent in the second quarter of 2009. source: Statistics Norway

GDP Annual Growth Rate in Norway is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway GDP Annual Growth Rate is projected to trend around 0.50 percent in 2027 and 0.60 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-11-26 07:00 AM
GDP Growth Rate YoY
Q3 2.1% -0.6% 0.1%
2026-02-09 07:00 AM
GDP Growth Rate YoY
Q4 2.2% 2.1% 1.7%
2026-05-15 06:00 AM
GDP Growth Rate YoY
Q1 2.2% 1.4%


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 Annual 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
2.20 2.10 10.10 -4.20 1979 - 2025 percent Quarterly
NSA