Norway GDP Growth Rate
The Gross Domestic Product (GDP) in Norway expanded 0.30 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Norway averaged 0.65 Percent from 1978 until 2014, reaching an all time high of 3.60 Percent in the first quarter of 1980 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.
||1978 - 2014
The Norwegian economy features a combination of free market activity and government intervention. The government controls key areas, such as the vital petroleum sector, through large-scale state enterprises. The country is richly endowed with natural resources - petroleum, hydropower, fish, forests, and minerals - and is highly dependent on the petroleum sector, which accounts for nearly half of exports and over 30% of state revenue. This page provides - Norway GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.