The gross domestic product of mainland Norway, which excludes the largely petroleum-based offshore sector, grew by 1.9 percent on quarter in the three months to December 2020, easing from a 5.0 percent expansion in the previous period and beating market expectations of 1.2 percent. source: Statistics Norway

Leading Economic Index in Norway averaged 0.33 percent from 2016 until 2020, reaching an all time high of 5 percent in September of 2020 and a record low of -8.10 percent in May of 2020. This page provides - Norway GDP Mainland 3-Month Average- actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway GDP Mainland 3-Month Average - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Leading Economic Index in Norway is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Norway to stand at 0.70 in 12 months time. In the long-term, the Norway GDP Mainland 3-Month Average is projected to trend around 0.70 percent in 2022 and 0.40 percent in 2023, according to our econometric models.

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Norway GDP Mainland 3-Month Average

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.30 5.00 -8.10 2016 - 2020 percent Monthly
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Calendar GMT Actual Previous Consensus TEForecast
2020-05-12 06:00 AM GDP Growth Mainland QoQ Final Q1 -2.1% 0.1% -1.9% -1.9%
2020-08-25 06:00 AM GDP Growth Mainland QoQ Q2 -6.3% -2.2% -6.1% -6.6%
2020-11-17 07:00 AM GDP Growth Mainland QoQ Q3 5.2% -6% 5.2% 4.9%
2021-02-12 07:00 AM GDP Growth Mainland QoQ Q4 1.9% 5.0% 1.2% 1.0%
2021-05-12 06:00 AM GDP Growth Mainland QoQ Q1 1.9% -0.8% -0.5%
2021-08-20 06:00 AM GDP Growth Mainland QoQ Q2
2021-11-12 07:00 AM GDP Growth Mainland QoQ Q3

Norway Business Last Previous Highest Lowest Unit
Business Confidence 8.20 3.80 20.10 -22.90 points [+]
Manufacturing PMI 59.10 60.50 64.35 36.90 points [+]
Industrial Production 0.60 1.50 15.40 -13.10 percent [+]
Industrial Production Mom 0.90 -1.20 12.30 -9.30 percent [+]
Manufacturing Production 4.70 0.80 8.90 -10.40 percent [+]
Capacity Utilization 79.00 77.90 85.50 76.00 percent [+]
Changes in Inventories 25924.00 33199.00 59693.00 -612.00 NOK Million [+]
Bankruptcies 326.00 289.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 15043.00 12917.00 21294.00 4089.00 [+]
Internet Speed 23539.08 23633.20 23633.20 4055.36 KBps [+]
IP Addresses 2663340.00 2550734.00 3708569.00 1631719.00 IP [+]
Leading Economic Index 1.90 2.30 5.00 -8.10 percent [+]
Mining Production -12.10 7.00 69.00 -28.20 percent [+]
Steel Production 41.20 65.00 97.00 0.00 Thousand Tonnes [+]
Corruption Index 84.00 84.00 91.00 79.00 Points [+]
Corruption Rank 7.00 7.00 14.00 3.00 [+]
Crude Oil Rigs 14.00 18.00 25.00 6.00 [+]
Competitiveness Index 78.05 78.16 78.94 5.14 Points [+]
Competitiveness Rank 17.00 16.00 17.00 11.00 [+]
Ease of Doing Business 9.00 7.00 10.00 6.00 [+]
Electricity Production 14411.58 17451.90 17451.90 6653.00 Gigawatt-hour [+]


Norway GDP Mainland 3-Month Average
In Norway, rolling three-month growth is calculated by comparing a three-month period with the previous three-month period, for example growth in May to July compared with February to April.