Norwegian Economy Shrinks 0.3% in Q4

2026-02-09 07:20 By Kyrie Dichosa 1 min. read

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.



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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.
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