The Norwegian economy expanded by 0.4% quarter-on-quarter in Q1 2026, rebounding from an upwardly revised 0.6% contraction in the previous period. The recovery was mainly driven by an acceleration in petroleum activities and ocean transport, which grew 5.4% compared with 2.9% in Q4. Net trade also contributed positively to GDP growth, as exports rose 7.0%, unchanged from the prior quarter, while import growth eased to 3.0% from 2.5%. Meanwhile, growth in household consumption slowed to 1.9% from 4.0%, while government spending eased to 2.9% from 3.1%. Fixed investments also contracted by 1.3% after expanding 2.4% in Q4. On an annual basis, GDP expanded 1.7%, easing from revised growth of 2.0% in Q4 and marking the weakest expansion in three quarters. The GDP for Mainland Norway, which excludes the largely petroleum-based offshore sector, grew 0.5% quarter-on-quarter, sharply slowing from a 1.7% increase in the prior period. source: Statistics Norway

The Gross Domestic Product (GDP) in Norway expanded 0.40 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Norway averaged 0.61 percent from 1978 until 2026, reaching an all time high of 4.00 percent in the first quarter of 2004 and a record low of -3.20 percent in the second quarter of 2020. This page provides - Norway GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

The Gross Domestic Product (GDP) in Norway expanded 0.40 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Norway is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway GDP Growth Rate is projected to trend around -0.30 percent in 2027 and 0.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-09 07:00 AM
GDP Growth Rate QoQ
Q4 -0.3% 1.3% 0.2%
2026-05-28 06:00 AM
GDP Growth Rate QoQ
Q1 0.4% -0.6% 0.9%
2026-08-21 06:00 AM
GDP Growth Rate QoQ
Q2 0.4% 0.5%


Related Last Previous Unit Reference
Full Year GDP Growth 1.10 1.40 percent Dec 2025
GDP Growth Rate YoY 1.70 2.00 percent Mar 2026
GDP Constant Prices 1372249.00 1367387.00 NOK Million Mar 2026
GDP from Agriculture 6019.00 6075.00 NOK Million Mar 2026
GDP from Construction 58863.00 59026.00 NOK Million Mar 2026
GDP from Manufacturing 79871.00 79376.00 NOK Million Mar 2026
GDP from Mining 1744.00 1473.00 NOK Million Mar 2026
GDP from Public Administration 74789.00 74480.00 NOK Million Mar 2026
GDP from Utilities 31461.00 32939.00 NOK Million Mar 2026
GDP Growth Rate 0.40 -0.60 percent Mar 2026
Gross Fixed Capital Formation 286834.00 309047.00 NOK Million Mar 2026
Gross National Product 1422075.00 1411085.00 NOK Million Dec 2025


Norway GDP Growth Rate
Norway is one of the wealthiest countries in the world. Its wealth was build on the back of natural resources including oil and gas, hydropower and fish and supported by developed shipping industry. Components of the GDP on the expenditure side: household consumption (41 percent), gross fixed capital formation (24 percent) and government expenditure (22 percent). Exports of goods and services account for 38 percent of GDP while imports account for 30 percent, adding 8 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
0.40 -0.60 4.00 -3.20 1978 - 2026 percent Quarterly
SA

News Stream
Norwegian Economy Rebounds in Q1
The Norwegian economy expanded by 0.4% quarter-on-quarter in Q1 2026, rebounding from an upwardly revised 0.6% contraction in the previous period. The recovery was mainly driven by an acceleration in petroleum activities and ocean transport, which grew 5.4% compared with 2.9% in Q4. Net trade also contributed positively to GDP growth, as exports rose 7.0%, unchanged from the prior quarter, while import growth eased to 3.0% from 2.5%. Meanwhile, growth in household consumption slowed to 1.9% from 4.0%, while government spending eased to 2.9% from 3.1%. Fixed investments also contracted by 1.3% after expanding 2.4% in Q4. On an annual basis, GDP expanded 1.7%, easing from revised growth of 2.0% in Q4 and marking the weakest expansion in three quarters. The GDP for Mainland Norway, which excludes the largely petroleum-based offshore sector, grew 0.5% quarter-on-quarter, sharply slowing from a 1.7% increase in the prior period.
2026-05-28
Norwegian Economy Shrinks 0.3% in Q4
The Norwegian economy contracted by 0.3% quarter-on-quarter in Q4 2025, reversing an upwardly revised 1.3% expansion in the previous period. This marked the first economic contraction in a year, mainly weighed down by declines in petroleum activities and ocean transport (-2.6% vs 5% in Q3). Growth also slowed in household consumption (1% vs 1.3%). On the other hand, fixed investment growth picked up sharply to 7.2% from 0.1% in Q3, while government spending rose further (0.4% vs 0.1%). Net trade made no contribution to the annual GDP rate, as both exports and imports increased by 3.6%, compared with 3.8% and 1.1% in the prior quarter, respectively. On a year-on-year basis, GDP expanded 2.2%, slightly above Q3’s 2.1% growth. For the full year 2025, GDP grew 1.1%, moderating from a revised 1.4% expansion in 2024.
2026-02-09
Norway GDP Growth Eases Slightly to 1.1% in Q3
The Norwegian economy expanded by 1.1% quarter-on-quarter in Q3 2025, easing from an upwardly revised 1.2% growth in the previous quarter. This marked the third consecutive quarter of expansion, driven largely by a faster rise in both petroleum activities and ocean transport (4.4% vs 3.6% in Q2) and by stronger household consumption (1.1% vs 0.8%). Meanwhile, exports increased (1.9% vs 1.7%), and imports rose (1.1% vs -0.5%), contributing positively to GDP growth. By contrast, contractions were seen in fixed investment (-1.3% vs 3.4%) and government spending (–0.1% vs 0.4%). On a year-on-year basis, GDP grew 2.1% in the September quarter, rebounding from a downwardly revised 0.6% contraction in the previous quarter.
2025-11-26