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.

From 2013 to 2019, the gross domestic product (GDP) of all five Nordic countries except Finland grew every year. Finland had a negative growth rate between 2012 and 2014. However, after the outbreak of COVID-19 in 2020, GDP growth rates in all five countries were negative. Relatively speaking, Iceland's economy was hit the hardest, whereas Norway's decrease was least dramatic. As of October 2023, the GDP of Sweden and Finland were forecast to decline, while it was forecast to increase in the other three countries. This must be seen in relation with the high inflation rates in 2022 and 2023.

Norway GDP: Chain Linked 2020p: swda: MN: at Basic Value: excl General Govt: Service Activities data was reported at 131,267.000 NOK mn in Aug 2023. This records a decrease from the previous number of 131,715.000 NOK mn for Jul 2023. Norway GDP: Chain Linked 2020p: swda: MN: at Basic Value: excl General Govt: Service Activities data is updated monthly, averaging 118,145.500 NOK mn from Jan 2016 (Median) to Aug 2023, with 92 observations. The data reached an all-time high of 131,715.000 NOK mn in Jul 2023 and a record low of 106,001.000 NOK mn in Apr 2020. Norway GDP: Chain Linked 2020p: swda: MN: at Basic Value: excl General Govt: Service Activities data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A018: ESA 2010: GDP: by Expenditure: Chain Linked 2020 Price: Seasonally and Working Day Adjusted: Monthly.

GDP: Chain Linked 2020p: Exports data was reported at 111,691.000 NOK mn in Aug 2023. This records an increase from the previous number of 109,210.000 NOK mn for Jul 2023. GDP: Chain Linked 2020p: Exports data is updated monthly, averaging 95,215.500 NOK mn from Jan 2016 (Median) to Aug 2023, with 92 observations. The data reached an all-time high of 115,207.000 NOK mn in Aug 2022 and a record low of 87,170.000 NOK mn in May 2020. GDP: Chain Linked 2020p: Exports data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A016: ESA 2010: GDP: by Expenditure: Chain Linked 2020 Price: Monthly.

Norway GDP: Chain Linked 2020p: swda: GFCF: MN: excl General Government: Industries: Other Services data was reported at 21,482.000 NOK mn in Aug 2023. This records an increase from the previous number of 21,250.000 NOK mn for Jul 2023. Norway GDP: Chain Linked 2020p: swda: GFCF: MN: excl General Government: Industries: Other Services data is updated monthly, averaging 17,184.500 NOK mn from Jan 2016 (Median) to Aug 2023, with 92 observations. The data reached an all-time high of 24,901.000 NOK mn in Sep 2022 and a record low of 12,783.000 NOK mn in Jan 2016. Norway GDP: Chain Linked 2020p: swda: GFCF: MN: excl General Government: Industries: Other Services data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A018: ESA 2010: GDP: by Expenditure: Chain Linked 2020 Price: Seasonally and Working Day Adjusted: Monthly.

Norway GDP: NACE 2: Chain Linked 2020p: GFCF: MN: excl General Government data was reported at 150,503.000 NOK mn in Jun 2023. This records an increase from the previous number of 149,054.000 NOK mn for Mar 2023. Norway GDP: NACE 2: Chain Linked 2020p: GFCF: MN: excl General Government data is updated quarterly, averaging 75,579.000 NOK mn from Mar 1978 (Median) to Jun 2023, with 182 observations. The data reached an all-time high of 157,457.000 NOK mn in Dec 2022 and a record low of 35,069.000 NOK mn in Mar 1993. Norway GDP: NACE 2: Chain Linked 2020p: GFCF: MN: excl General Government data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A017: ESA 2010: GDP: by Expenditure: Chain Linked 2020 Price: Quarterly.

Norway SSB Forecast: GDP: YoY: DD: Mainland: GFI: General Government data was reported at 1.700 % in 2020. This records an increase from the previous number of 1.400 % for 2019. Norway SSB Forecast: GDP: YoY: DD: Mainland: GFI: General Government data is updated yearly, averaging 3.600 % from Dec 2014 (Median) to 2020, with 7 observations. The data reached an all-time high of 10.400 % in 2014 and a record low of 1.400 % in 2019. Norway SSB Forecast: GDP: YoY: DD: Mainland: GFI: General Government data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A016: ESA 2010: GDP: by Expenditure: Year on Year Growth: Forecast: Statistics Norway.

GDP: Chain Linked 2020p: GFCF: Extraction and Transport data was reported at 12,786.000 NOK mn in Aug 2023. This records a decrease from the previous number of 12,881.000 NOK mn for Jul 2023. GDP: Chain Linked 2020p: GFCF: Extraction and Transport data is updated monthly, averaging 14,246.500 NOK mn from Jan 2016 (Median) to Aug 2023, with 92 observations. The data reached an all-time high of 17,181.000 NOK mn in Oct 2019 and a record low of 10,256.000 NOK mn in Feb 2018. GDP: Chain Linked 2020p: GFCF: Extraction and Transport data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A016: ESA 2010: GDP: by Expenditure: Chain Linked 2020 Price: Monthly.

Norway GDP: Chain Linked 2020p: swda: Taxes and Subsidies Products data was reported at 34,667.000 NOK mn in Aug 2023. This records an increase from the previous number of 34,330.000 NOK mn for Jul 2023. Norway GDP: Chain Linked 2020p: swda: Taxes and Subsidies Products data is updated monthly, averaging 34,205.500 NOK mn from Jan 2016 (Median) to Aug 2023, with 92 observations. The data reached an all-time high of 36,094.000 NOK mn in Jul 2021 and a record low of 31,109.000 NOK mn in Apr 2020. Norway GDP: Chain Linked 2020p: swda: Taxes and Subsidies Products data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A018: ESA 2010: GDP: by Expenditure: Chain Linked 2020 Price: Seasonally and Working Day Adjusted: Monthly.

GDP: NACE 2: Chain Linked 2020p: FC: Households & NPISH: Households (HH) data was reported at 397,170.000 NOK mn in Jun 2023. This records an increase from the previous number of 377,036.000 NOK mn for Mar 2023. GDP: NACE 2: Chain Linked 2020p: FC: Households & NPISH: Households (HH) data is updated quarterly, averaging 224,135.500 NOK mn from Mar 1978 (Median) to Jun 2023, with 182 observations. The data reached an all-time high of 425,936.000 NOK mn in Dec 2022 and a record low of 120,520.000 NOK mn in Mar 1978. GDP: NACE 2: Chain Linked 2020p: FC: Households & NPISH: Households (HH) data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A017: ESA 2010: GDP: by Expenditure: Chain Linked 2020 Price: Quarterly.

GDP: NACE 2: Chain Linked 2020p: FC: Households & NPISH: NPISH data was reported at 23,801.000 NOK mn in Jun 2023. This records a decrease from the previous number of 25,945.000 NOK mn for Mar 2023. GDP: NACE 2: Chain Linked 2020p: FC: Households & NPISH: NPISH data is updated quarterly, averaging 13,256.000 NOK mn from Mar 1978 (Median) to Jun 2023, with 182 observations. The data reached an all-time high of 25,945.000 NOK mn in Mar 2023 and a record low of 9,013.000 NOK mn in Mar 1978. GDP: NACE 2: Chain Linked 2020p: FC: Households & NPISH: NPISH data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A017: ESA 2010: GDP: by Expenditure: Chain Linked 2020 Price: Quarterly.

Norway GDP: NACE 2: Chain Linked 2020p: swda: GFCF: Mfg: Printing & Reproduction of Recorded Media data was reported at 86.000 NOK mn in Jun 2023. This records a decrease from the previous number of 103.000 NOK mn for Mar 2023. Norway GDP: NACE 2: Chain Linked 2020p: swda: GFCF: Mfg: Printing & Reproduction of Recorded Media data is updated quarterly, averaging 136.500 NOK mn from Mar 1978 (Median) to Jun 2023, with 182 observations. The data reached an all-time high of 629.000 NOK mn in Sep 1998 and a record low of -5.000 NOK mn in Mar 2016. Norway GDP: NACE 2: Chain Linked 2020p: swda: GFCF: Mfg: Printing & Reproduction of Recorded Media data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A127: ESA 2010: GDP: Gross Fixed Capital Formation: Chain Linked 2020 Price: Seasonally and Working Day Adjusted.

Real GDP QoQ: sa data was reported at -0.000 % mn in Dec 2024. This records an increase from the previous number of -0.000 % mn for Sep 2024. Real GDP QoQ: sa data is updated quarterly, averaging 0.000 % mn from Jun 1978 (Median) to Dec 2024, with 187 observations. The data reached an all-time high of 0.000 % mn in Sep 2021 and a record low of -0.000 % mn in Jun 2020. Real GDP QoQ: sa data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A010: ESA 2010: GDP: by Expenditure: Chain Linked 2022 Price: Growth Rate.

GDP: Chain Linked 2020p: Imports: Crude Oil and Natural Gas data was reported at 955.000 NOK mn in Aug 2023. This records an increase from the previous number of 605.000 NOK mn for Jul 2023. GDP: Chain Linked 2020p: Imports: Crude Oil and Natural Gas data is updated monthly, averaging 1,132.500 NOK mn from Jan 2016 (Median) to Aug 2023, with 92 observations. The data reached an all-time high of 2,285.000 NOK mn in May 2018 and a record low of 451.000 NOK mn in Feb 2022. GDP: Chain Linked 2020p: Imports: Crude Oil and Natural Gas data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A016: ESA 2010: GDP: by Expenditure: Chain Linked 2020 Price: Monthly.

GDP: NACE 2: Chain Linked 2020p: VA: Mainland Norway: GG: Central Government data was reported at 90,189.000 NOK mn in Jun 2023. This records an increase from the previous number of 89,222.000 NOK mn for Mar 2023. GDP: NACE 2: Chain Linked 2020p: VA: Mainland Norway: GG: Central Government data is updated quarterly, averaging 43,016.000 NOK mn from Mar 1978 (Median) to Jun 2023, with 182 observations. The data reached an all-time high of 90,189.000 NOK mn in Jun 2023 and a record low of 24,397.000 NOK mn in Jun 1979. GDP: NACE 2: Chain Linked 2020p: VA: Mainland Norway: GG: Central Government data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A054: ESA 2010: GDP: by Industry: Chain Linked 2020 Price.

GDP: NACE 2: Chain Linked 2020p: GFCF: Mainland Norway: ow GG: Local Government data was reported at 20,728.000 NOK mn in Jun 2023. This records an increase from the previous number of 14,070.000 NOK mn for Mar 2023. GDP: NACE 2: Chain Linked 2020p: GFCF: Mainland Norway: ow GG: Local Government data is updated quarterly, averaging 11,089.000 NOK mn from Mar 1978 (Median) to Jun 2023, with 182 observations. The data reached an all-time high of 32,354.000 NOK mn in Dec 2019 and a record low of 5,320.000 NOK mn in Sep 1985. GDP: NACE 2: Chain Linked 2020p: GFCF: Mainland Norway: ow GG: Local Government data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A126: ESA 2010: GDP: Gross Fixed Capital Formation: Chain Linked 2020 Price.

Norway GDP: Chain Linked 2020p: swda: GFCF: MN: excl General Government: Industries: Goods Production data was reported at 5,404.000 NOK mn in Aug 2023. This records a decrease from the previous number of 5,790.000 NOK mn for Jul 2023. Norway GDP: Chain Linked 2020p: swda: GFCF: MN: excl General Government: Industries: Goods Production data is updated monthly, averaging 6,238.000 NOK mn from Jan 2016 (Median) to Aug 2023, with 92 observations. The data reached an all-time high of 7,696.000 NOK mn in Dec 2019 and a record low of 5,153.000 NOK mn in Aug 2016. Norway GDP: Chain Linked 2020p: swda: GFCF: MN: excl General Government: Industries: Goods Production data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A018: ESA 2010: GDP: by Expenditure: Chain Linked 2020 Price: Seasonally and Working Day Adjusted: Monthly.

Norway SSB Forecast: Gross Domestic Product (GDP): YoY data was reported at 2.300 % in 2020. This records an increase from the previous number of 2.200 % for 2019. Norway SSB Forecast: Gross Domestic Product (GDP): YoY data is updated yearly, averaging 2.200 % from Dec 2014 (Median) to 2020, with 7 observations. The data reached an all-time high of 2.300 % in 2020 and a record low of 0.400 % in 2016. Norway SSB Forecast: Gross Domestic Product (GDP): YoY data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A019: ESA 2010: GDP: by Expenditure: Year on Year Growth: Forecast: Statistics Norway.

GDP: NACE 2: Chain Linked 2020p: GFCF: Health & Care Services data was reported at 10,328.000 NOK mn in Jun 2023. This records an increase from the previous number of 9,238.000 NOK mn for Mar 2023. GDP: NACE 2: Chain Linked 2020p: GFCF: Health & Care Services data is updated quarterly, averaging 5,024.000 NOK mn from Mar 1978 (Median) to Jun 2023, with 182 observations. The data reached an all-time high of 12,993.000 NOK mn in Dec 2022 and a record low of 1,838.000 NOK mn in Mar 1985. GDP: NACE 2: Chain Linked 2020p: GFCF: Health & Care Services data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A126: ESA 2010: GDP: Gross Fixed Capital Formation: Chain Linked 2020 Price.

GDP: Chain Linked 2020p: Final Demand from Mainland Norway excl Changes in Stocks data was reported at 288,274.000 NOK mn in Aug 2023. This records an increase from the previous number of 271,176.000 NOK mn for Jul 2023. GDP: Chain Linked 2020p: Final Demand from Mainland Norway excl Changes in Stocks data is updated monthly, averaging 269,697.000 NOK mn from Jan 2016 (Median) to Aug 2023, with 92 observations. The data reached an all-time high of 313,165.000 NOK mn in Dec 2022 and a record low of 235,573.000 NOK mn in Apr 2020. GDP: Chain Linked 2020p: Final Demand from Mainland Norway excl Changes in Stocks data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A016: ESA 2010: GDP: by Expenditure: Chain Linked 2020 Price: Monthly.