Norway GDP Growth Rate  1978-2016 | Data | Chart | Calendar | Forecast

The Norwegian economy grew by 1.8 percent on quarter in the three months to September, following an upwardly revised flat reading in the second quarter. Figures came better than market expectations as petroleum activities and ocean transport surged 7.5 percent, rebounding from a 1 percent drop in the previous period. On the expenditure side, investment (0.2 percent from 0.1 percent in Q2) and exports (4.6 percent from 0.3 percent) increased at a faster pace while household spending (0.1 percent from 0.6 percent) and government consumption (0.6 percent from 0.7 percent) slowed. Excluding oil, the GDP growth slowed to 0.2 percent from 0.3 percent. On a yearly basis, the economy advanced 3.0 percent, up from 2.3 percent in the previous period. GDP Growth Rate in Norway averaged 0.66 percent from 1978 until 2015, reaching an all time high of 4 percent in the fourth quarter of 1994 and a record low of -2.60 percent in the third quarter of 1987. GDP Growth Rate in Norway is reported by the Statistics Norway.

Norway GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.80 -0.10 4.00 -2.60 1978 - 2015 percent Quarterly
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. This page provides - Norway GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-20 09:00 AM Q1 0.2% 0.9% -0.1% 0.1%
2015-08-20 09:00 AM Q2 -0.1% 0.1% -0.1% 0.1%
2015-11-17 09:00 AM Q3 1.8% 0.0% 0.2% 0.1%
2016-02-16 09:00 AM Q4 1.8% 0.27%
2016-05-20 08:00 AM Q1 0.69%
2016-08-19 08:00 AM Q2 0.53%

Norway GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.80 -0.10 4.00 -2.60 percent [+]
GDP Annual Growth Rate 3.00 2.20 10.20 -4.30 percent [+]
GDP 499.82 522.35 522.35 5.16 USD Billion [+]
GDP Constant Prices 809395.00 771659.00 809395.00 285627.00 NOK Million [+]
Gross National Product 768000.00 781463.00 816000.00 54049.00 NOK Million [+]
Gross Fixed Capital Formation 174805.00 170100.00 179708.00 53394.00 NOK Million [+]
GDP per capita 67245.60 66511.86 69094.75 17331.90 USD [+]
GDP per capita PPP 64020.45 63321.90 65780.91 43295.95 USD [+]
GDP From Agriculture 4883.00 4851.00 5512.00 2400.00 NOK Million [+]
GDP From Construction 45175.00 42835.00 45175.00 19092.00 NOK Million [+]
GDP From Manufacturing 50210.00 51551.00 52938.00 35898.00 NOK Million [+]
GDP From Mining 1346.00 1242.00 1677.00 541.00 NOK Million [+]
GDP From Public Administration 41573.00 39342.00 41573.00 20552.00 NOK Million [+]
GDP From Utilities 4214.00 4053.00 5100.00 2618.00 NOK Million [+]




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