Due to the coronavirus (COVID-19) outbreak in 2020, many Norwegian companies stated that they have experienced lower demand and cancellations. This is the result of a survey among member companies of the Confederation of Norwegian Enterprise (NHO), conducted regularly. In March 2020, 68 percent experienced lower demand or cancellations, which had sunk to 49 percent in January 2021. Furthermore, there was an improvement of the situation over the summer of 2021, with fewer companies in risk of bankruptcies, fewer companies experiencing liquidity problems, and fewer experiencing a lower turnover than usual. However, in December 2021, these numbers increased again after COVID-19-cases started to increase again over the winter.

The first case of COVID-19 in Norway was confirmed on February 26, 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

New Covid tests per month in Norway, June, 2022 The most recent value is 43937 new Covid tests as of June 2022, an increase compared to the previous value of 40950 new Covid tests. Historically, the average for Norway from April 2020 to June 2022 is 413729 new Covid tests. The minimum of 40950 new Covid tests was recorded in May 2022, while the maximum of 882703 new Covid tests was reached in January 2022. | TheGlobalEconomy.com

WHO: COVID-2019: Number of Patients: Death: To-Date: Norway data was reported at 5,732.000 Person in 24 Dec 2023. This stayed constant from the previous number of 5,732.000 Person for 23 Dec 2023. WHO: COVID-2019: Number of Patients: Death: To-Date: Norway data is updated daily, averaging 1,503.000 Person from Feb 2020 (Median) to 24 Dec 2023, with 1404 observations. The data reached an all-time high of 5,732.000 Person in 24 Dec 2023 and a record low of 0.000 Person in 12 Mar 2020. WHO: COVID-2019: Number of Patients: Death: To-Date: Norway data remains active status in CEIC and is reported by World Health Organization. The data is categorized under High Frequency Database’s Disease Outbreaks – Table WHO.D002: World Health Organization: Coronavirus Disease 2019 (COVID-2019): by Country and Region (Discontinued).

The majority of IT businesses in Norway thought the coronavirus outbreak would have a negative economic impact on their business in 2020, with 65 percent of people in the IT inudstry agreeing. 16 percent stated that the coronavirus outbreak would have a very negative impact on their economic situation, while the same share of peope said that there would be a neutral effect.

New Covid cases per million people in Norway, March, 2023 The most recent value is 377 new Covid cases per million people as of March 2023, an increase compared to the previous value of 217 new Covid cases per million people. Historically, the average for Norway from February 2020 to March 2023 is 7172 new Covid cases per million people. The minimum of 3 new Covid cases per million people was recorded in February 2020, while the maximum of 86323 new Covid cases per million people was reached in February 2022. | TheGlobalEconomy.com

How much impact will the coronavirus outbreak have on the Norwegian advertising market? According to a survey from March 2020, about half of Norwegian media executives thought the COVID-19 outbreak has very negative consequences for digital advertisements. Over 80 percent of respondents even said that the crisis has a very negative impact on print advertisements. The impact on the overall profitability of the advertising market in Norway is estimated to be very or somewhat negative by three quarters of media executives interviewed.

Total Covid deaths per million in Norway, March, 2023 The most recent value is 977 total Covid deaths as of March 2023, an increase compared to the previous value of 964 total Covid deaths. Historically, the average for Norway from March 2020 to March 2023 is 347 total Covid deaths. The minimum of 5 total Covid deaths was recorded in March 2020, while the maximum of 977 total Covid deaths was reached in March 2023. | TheGlobalEconomy.com

Norway recorded 9348 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Norway reported 1202 Coronavirus Deaths. This dataset includes a chart with historical data for Norway Coronavirus Recovered.

Norway recorded 1484030 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Norway reported 5495 Coronavirus Deaths. This dataset includes a chart with historical data for Norway Coronavirus Cases.

View daily updates and historical trends for Norway Coronavirus Cases. Source: Johns Hopkins Center for Systems Science and Engineering. Track economic da…

Covid vaccinated people per hundred people in Norway, November, 2022 The most recent value is 79.99 Covid vaccinated people per hundred people as of November 2022, no change compared to the previous value of 79.99 Covid vaccinated people per hundred people. Historically, the average for Norway from December 2020 to November 2022 is 60.67 Covid vaccinated people per hundred people. The minimum of 0.04 Covid vaccinated people per hundred people was recorded in December 2020, while the maximum of 79.99 Covid vaccinated people per hundred people was reached in October 2022. | TheGlobalEconomy.com

In the third quarter of 2024, half of Norwegian companies had problems with increasing purchase prices as a result of rising inflation seen around the world. Moreover, more than 40 percent faced problems due to an unstable economic framework. On the other hand, only 10 percent had issues with lack of credits or financing. As a consequence of the COVID-19 pandemic, as well as the Russian War in Ukraine that started in February 2022, inflation has been surging worldwide. For more information about inflation in the Nordic countries, please visit our dedicated topic page.

According to a survey among Norwegian advertisers at the end of May and the beginning of June 2020, a third of the respondents stated that their businesses have been significantly affected by the coronavirus outbreak. Compared to the poll conducted in April 2020, this was a considerable decrease. By contrast, the moderate impact rate grew, from about ** to more than ** percent of respondents.

The highest number of daily media reports on the coronavirus in Norway was about medicin and health with over 42 thousand reports in the period from January to March 2020. It is followed by reports on economy and businesses with over 32 thousand reports.

The composite leading indicator (CLI) of Norway increased to ****** in December 2021, compared with ***** in the previous month. At the start of the Coronavirus (COVID-19) pandemic in early 2020 the CLI fell sharply from ***** at the start of the year, to **** by March.

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.

Covid stringency index in Norway, December, 2022 The most recent value is 11 index as of December 2022, no change compared to the previous value of 11 index. Historically, the average for Norway from February 2020 to December 2022 is 37 index. The minimum of 11 index was recorded in February 2020, while the maximum of 76 index was reached in April 2020. | TheGlobalEconomy.com

The gross domestic product (GDP) of Norway increased from 2012 to 2022. However, there was a minor decrease in 2015 after the fall of the oil price impacted the country's economy, and a larger fall in 2020 due to COVID-19. In 2022, Norway's GDP stood at 5.6 trillion Norwegian kroner which was a huge increase from the previous year. In 2022, the country's GDP increased by 28 percent as part of the economic recovery after the COVID-19 pandemic.

Norway exported goods worth around 26001 billion Norwegian kroner in 2022. That was the highest value of exports in the time under consideration and considerably more than in the previous year. The drop in exports in 2020 was arguably caused by the effects of the coronavirus (COVID-19), which has affected the whole Norwegian economy.

Increase in imports

Similar to the value of exported goods, import figures peaked for Norway in 2022. That year, goods worth around 1027 billion Norwegian kroner made their way to the Scandinavian country. The value of imported goods increased almost every year since 2012. The trade balance in Norway had a continuous surplus over the past decade.

What does Norway export?

The biggest imported commodity group in Norway is machinery and transport equipment. In 2021, the country imported machinery and transport equipment worth roughly 328 billion Norwegian kroner. Regarding exports, mineral fuels and lubricants is the most exported commodity group. Norway exported goods such as oil and natural gas amounting to roughly 926 billion kroner that same year. Other imported export sources include food and live animals such as salmon.