Norway GDP Growth Rate

The Gross Domestic Product (GDP) in Norway contracted 0.20 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Norway is reported by the Statistics Norway. GDP Growth Rate in Norway averaged 0.65 Percent from 1978 until 2013, reaching an all time high of 3.60 Percent in the fourth quarter of 1994 and a record low of -2.60 Percent in the third quarter of 1987. 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. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-0.20 0.80 3.60 -2.60 1.52 | 2014/03 1978 - 2013 Percent Quarterly

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Norway GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-16 09:00 AM Norway
GDP Growth Rate QoQ
Q1 2013 -0.2% 0.1% (R) 0.3%
2013-08-20 09:00 AM Norway
GDP Growth Rate QoQ
Q2 2013 0.8% -0.1% (R) 1.0% 0.1%
2013-11-19 09:00 AM Norway
GDP Growth Rate QoQ
Q3 2013 0.7% 1.2% (R) 0.5% -0.02%
2014-02-12 09:00 AM Norway
GDP Growth Rate QoQ
Q4 2013 -0.2% 0.8% (R) 0.8%
2014-05-20 09:00 AM Norway
GDP Growth Rate QoQ
Q1 2014 -0.2% 1.52%
2014-08-21 09:00 AM Norway
GDP Growth Rate QoQ
Q2 2014 1.29%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate -0.20 2013-12-31 0.80 3.60 -2.60 1.52 2014-03-31 Percent [+]
GDP Annual Growth Rate 1.10 2013-12-31 2.20 9.80 -4.40 1.34 2014-03-31 Percent [+]
GDP per capita 65656.95 2012-12-31 64533.99 67804.55 17331.90 66719.32 2013-12-31 USD [+]
GDP per capita PPP 47546.57 2012-12-31 46733.36 49101.79 26205.45 48364.09 2013-12-31 USD [+]
GDP Constant Prices 716203.00 2013-11-15 717503.00 717503.00 285627.00 723241.38 2014-03-31 NOK Million [+]
Gross Fixed Capital Formation 158690.00 2013-11-15 160428.00 160428.00 53394.00 165740.71 2014-03-31 NOK Million [+]
Gross National Product 790802.00 2013-11-15 740979.00 790802.00 54049.00 780274.94 2014-03-31 NOK Million [+]
GDP 499.70 2012-12-31 491.10 499.70 5.20 534.44 2013-12-31 USD Billion [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Norway Imports at 46324.95 NOK Million  
Imports in Norway increased to 46324.95 NOK Million in March of 2014 from 43176.23 NOK Million in February of 2014. Imports in Norway is reported by the Statistics Norway.
Norway Exports at 77734.39 NOK Million  
Exports in Norway increased to 77734.39 NOK Million in March of 2014 from 77023.62 NOK Million in February of 2014. Exports in Norway is reported by the Statistics Norway.
Norway Balance of Trade at 31409.44 NOK Million  
Norway recorded a trade surplus of 31409.44 NOK Million in March of 2014. Balance of Trade in Norway is reported by the Statistics Norway.
Norway Crude Oil Production at 1477.00 Thousands Barrels per Day  
Crude Oil Production in Norway increased to 1477 Thousands Barrels per Day in October of 2013 from 1395 Thousands Barrels per Day in September of 2013. Crude Oil Production in Norway is reported by the U.S. Energy Information Administration.
Norway New Orders at 137.00 Index Points  
New Orders in Norway increased to 137 Index Points in the fourth quarter of 2013 from 112.90 Index Points in the third quarter of 2013. New Orders in Norway is reported by the Statistics Norway.
Norway Personal Savings at 23512.00 NOK Million  
Personal Savings in Norway increased to 23512 NOK Million in the fourth quarter of 2013 from 22621 NOK Million in the third quarter of 2013. Personal Savings in Norway is reported by the Statistics Norway.
Norway Productivity at 109.99 Index Points  
Productivity in Norway increased to 109.99 Index Points in the fourth quarter of 2013 from 109.89 Index Points in the third quarter of 2013. Productivity in Norway is reported by the Statistics Norway.
Norway Producer Prices at 247.30 Index Points  
Producer Prices in Norway decreased to 247.30 Index Points in March of 2014 from 254.60 Index Points in February of 2014. Producer Prices in Norway is reported by the Statistics Norway.
Norway Producer Prices Change at 0.08 Percent  
Producer Prices in Norway increased 0.08 percent in March of 2014 over the same month in the previous year. Producer Prices Change in Norway is reported by the Statistics Norway.
Norway Terms of Trade at 108.85 Index Points  
Terms of Trade in Norway decreased to 108.85 Index Points in the fourth quarter of 2013 from 109.27 Index Points in the third quarter of 2013. Terms of Trade in Norway is reported by the Statistics Norway.
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