The gross domestic product of mainland Norway, which excludes the largely petroleum-based offshore sector, shrank 6.3 percent in April-June 2020, the most on record and compared to market expectations of a 6.1 percent contraction, as public health measures to contain the COVID-19 crisis hit the economy.

Leading Economic Index in Norway averaged -0.01 percent from 2016 until 2020, reaching an all time high of 1.20 percent in December of 2018 and a record low of -8.90 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 October of 2020. source: Statistics Norway

Leading Economic Index in Norway is expected to be 4.70 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 1.20 in 12 months time. In the long-term, the Norway GDP Mainland 3-Month Average is projected to trend around 0.70 percent in 2021 and 0.40 percent in 2022, according to our econometric models.

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Norway GDP Mainland 3-Month Average

Actual Previous Highest Lowest Dates Unit Frequency
-6.30 -8.90 1.20 -8.90 2016 - 2020 percent Monthly
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Calendar GMT Actual Previous Consensus TEForecast
2020-02-07 07:00 AM GDP Growth Mainland QoQ Q4 0.2% 0.6% 0.3% 0.4%
2020-04-24 06:00 AM GDP Growth Mainland QoQ Prel Q1 -1.9% 0.1%
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%
2020-11-12 07:00 AM GDP Growth Mainland QoQ Q3 -6.3% 4.7%

Norway Business Last Previous Highest Lowest Unit
Business Confidence 1.70 -9.60 20.10 -22.90 points [+]
Manufacturing PMI 50.30 46.90 64.05 36.90 points [+]
Industrial Production 8.30 7.40 15.40 -13.10 percent [+]
Industrial Production Mom 1.10 2.50 12.30 -9.30 percent [+]
Manufacturing Production -2.50 -6.10 8.90 -10.40 percent [+]
Capacity Utilization 76.00 77.30 85.50 76.00 percent [+]
Changes in Inventories 13815.00 23752.00 58517.00 -1493.00 NOK Million [+]
Bankruptcies 219.00 225.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 17050.00 12205.00 19014.50 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 -6.30 -8.90 1.20 -8.90 percent [+]
Mining Production 5.80 10.60 69.00 -28.20 percent [+]
Steel Production 60.00 18.09 97.00 0.00 Thousand Tonnes [+]
Crude Oil Rigs 20.00 15.00 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 [+]
Corruption Index 84.00 84.00 91.00 79.00 Points [+]
Corruption Rank 7.00 7.00 14.00 3.00 [+]
Ease of Doing Business 9.00 7.00 10.00 6.00 [+]
Electricity Production 12368.00 12867.00 16376.00 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.