The Gross Domestic Product (GDP) in Norway contracted 4.70 percent in the second quarter of 2020 over the same quarter of the previous year.
GDP Annual Growth Rate in Norway averaged 2.46 percent from 1979 until 2020, reaching an all time high of 10.20 percent in the first quarter of 1980 and a record low of -4.70 percent in the second quarter of 2020. This page provides - Norway GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Statistics Norway
GDP Annual Growth Rate in Norway is expected to be -8.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Norway to stand at 9.60 in 12 months time. In the long-term, the Norway GDP Annual Growth Rate is projected to trend around 3.20 percent in 2021 and 2.00 percent in 2022, according to our econometric models.