The Gross Domestic Product (GDP) in Norway expanded 1.10 percent in the third quarter of 2025 over the previous quarter. This dataset provides - Norway GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the growth of the real gross domestic product (GDP) in Norway stood at 2.1 percent. Between 1980 and 2024, the figure dropped by 2.42 percentage points, though the decline followed an uneven course rather than a steady trajectory. The growth is forecast to decline by 0.77 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

GDP Growth Non Oil Sector in Norway decreased to 0.10 percent in the third quarter of 2025 from 0.60 percent in the second quarter of 2025. This dataset includes a chart with historical data for Norway GDP Growth Mainland QoQ.

After having dropped by 1.3 percent in 2020 due to the outbreak of COVID-19, Norway's gross domestic product (GDP) grew by nearly four percent in 2021 compared to the previous year and by over three percent in 2022. The Norwegian economy stagnated in 2023 amid high inflation rates, but continued to grow the following year.

Full Year GDP Growth in Norway increased to 2.10 percent in 2024 from 0.10 percent in 2023. This dataset includes a chart with historical data for Norway Full Year GDP Growth.

Key information about Norway Nominal GDP Growth

• Norway Nominal GDP Growth was reported at 2.160 % in Sep 2025.
• This records an increase from the previous number of 0.474 % for Jun 2025.
• Norway Nominal GDP Growth data is updated quarterly, averaging 120.000 % from Mar 1979 to Sep 2025, with 187 observations.
• The data reached an all-time high of 107,938.000 % in Dec 2018 and a record low of 0.000 % in Dec 1994.
• Norway Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

Economic growth, quarterly in Norway, June, 2025 The most recent value is 0.8 percent as of Q2 2025, an increase compared to the previous value of 0.1 percent. Historically, the average for Norway from Q2 1978 to Q2 2025 is 0.58 percent. The minimum of -5.2 percent was recorded in Q2 2020, while the maximum of 4.7 percent was reached in Q3 2021. | TheGlobalEconomy.com

After decreasing by three percent in 2020, the gross domestic product (GDP) of Norway increased by four percent in 2021. It continued to grow in 2022, before the increasing inflation slowed the growth.

Key information about Norway Real GDP Growth

• The Gross Domestic Product (GDP) in Norway expanded 2.2 % YoY in Sep 2025, following a growth of 0.3 % in the previous quarter.
• Real GDP Growth YoY data in Norway is updated quarterly, available from Mar 1979 to Sep 2025, with an average rate of 2.9 %.
• The data reached an all-time high of 9.0 % in Mar 1980 and a record low of -3.6 % in Dec 2020.

• In the latest reports, Nominal GDP of Norway reached 136.4 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) fell 0.0 % in Sep 2025.
• GDP Per Capita in Norway reached 86,723.8 USD in Dec 2024.
• Its Gross Savings Rate was measured at 33.7 % in Sep 2025.
• For Nominal GDP contributions, Investment accounted for 23.3 % in Sep 2025.
• Public Consumption accounted for 23.3 % in Sep 2025.
• Private Consumption accounted for 43.0 % in Sep 2025.

Leading Economic Index Norway increased 0.40 percent in June of 2025 over the same month in the previous year. This dataset provides - Norway GDP Mainland 3-Month Average- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Norway NO: GDP: Growth: Deflator: Final Consumption Expenditure: Private data was reported at 2.442 % in Dec 2026. This records a decrease from the previous number of 2.483 % for Sep 2026. Norway NO: GDP: Growth: Deflator: Final Consumption Expenditure: Private data is updated quarterly, averaging 3.242 % from Mar 1961 (Median) to Dec 2026, with 264 observations. The data reached an all-time high of 13.979 % in Sep 1981 and a record low of -0.175 % in Mar 2005. Norway NO: GDP: Growth: Deflator: Final Consumption Expenditure: Private data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Norway – Table NO.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. PCP_YTYPCT - Private final consumption expenditure, deflator, growth Year-on-year percentage changes

In Norway, the gross domestic product (GDP) increased by 4.4 percent in the last quarter of 2023 compared to the same quarter the previous year. In the second quarter of 2020, directly after the outbreak of COVID-19, the growth rate fell by almost 10 percent compared to 2019. The GDP of Norway had a positive growth rate from the third quarter of 2020 until the third quarter of 2022, before decreasing in the end of 2022 and through much of 2023.

Norway NO: GDP: Growth: Volume: Double Hit Scenario data was reported at 4.055 % in Dec 2021. This records an increase from the previous number of 4.049 % for Sep 2021. Norway NO: GDP: Growth: Volume: Double Hit Scenario data is updated quarterly, averaging 3.709 % from Mar 1961 (Median) to Dec 2021, with 244 observations. The data reached an all-time high of 20.393 % in Sep 2020 and a record low of -37.890 % in Jun 2020. Norway NO: GDP: Growth: Volume: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Norway – Table NO.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. GDPV_ANNPCT - Gross domestic product, volume, growth Expenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Historical dataset showing Norway economic growth by year from 1960 to 2018.

Norway NO: GDP: Growth: Imports of Goods and Services data was reported at 2.782 % in 2017. This records an increase from the previous number of 2.334 % for 2016. Norway NO: GDP: Growth: Imports of Goods and Services data is updated yearly, averaging 4.147 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 15.174 % in 1973 and a record low of -15.792 % in 1978. Norway NO: GDP: Growth: Imports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Norway – Table NO.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

Quarterly dataset of the Norway GDP Growth Rate (YoY), including historical data, latest releases, and long-term trends from 2015-06-30 to 2025-06-30. Available for free download in CSV format.

Norway NO: GDP: Growth: GNI per Capita data was reported at 0.466 % in 2016. This records a decrease from the previous number of 2.046 % for 2015. Norway NO: GDP: Growth: GNI per Capita data is updated yearly, averaging 1.980 % from Dec 1979 (Median) to 2016, with 38 observations. The data reached an all-time high of 6.131 % in 1985 and a record low of -1.926 % in 2009. Norway NO: GDP: Growth: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Norway – Table NO.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Actual value and historical data chart for Norway GDP Per Capita Growth Annual Percent

Historical dataset showing Norway gdp growth rate by year from 1961 to 2023.

Norway NO: GDP: Growth: Gross Value Added: Services data was reported at 2.073 % in 2017. This records an increase from the previous number of 1.542 % for 2016. Norway NO: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 3.165 % from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 7.493 % in 1976 and a record low of -1.288 % in 1989. Norway NO: GDP: Growth: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Norway – Table NO.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;