Norway GDP Annual Growth Rate  1979-2016 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Norway contracted 0.90 percent in the third quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Norway averaged 2.57 percent from 1979 until 2016, reaching an all time high of 10.20 percent in the first quarter of 1980 and a record low of -4.30 percent in the second quarter of 2009.

Norway GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-12 08:00 AM Q1 0.7% 0.1% 0.2% 1.90%
2016-08-31 08:00 AM Q2 2.5% 0.6% 1.1%
2016-11-15 07:00 AM Q3 -0.9% 2.5% 2.8%
2017-02-16 09:00 AM Q4
2017-05-12 08:00 AM Q1
2017-08-31 08:00 AM Q2




Norway GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.50 0.00 4.00 -2.60 percent [+]
GDP Annual Growth Rate -0.90 2.50 10.20 -4.30 percent [+]
GDP 388.31 500.52 522.75 5.16 USD Billion [+]
GDP Constant Prices 800841.00 804760.00 808870.00 305665.00 NOK Million [+]
Gross National Product 758609.00 774512.00 833251.00 55200.00 NOK Million [+]
Gross Fixed Capital Formation 181363.00 176704.00 190750.00 67625.00 NOK Million [+]
GDP per capita 89741.21 89338.75 91593.63 23176.83 USD [+]
GDP per capita PPP 64450.54 64161.49 65780.91 43295.95 USD [+]
GDP From Agriculture 4918.00 4946.00 5787.00 2587.00 NOK Million [+]
GDP From Construction 44701.00 44518.00 44701.00 20183.00 NOK Million [+]
GDP From Manufacturing 48861.00 49740.00 54425.00 36767.00 NOK Million [+]
GDP From Mining 1222.00 1062.00 1638.00 528.00 NOK Million [+]
GDP From Public Administration 44023.00 43887.00 44023.00 21656.00 NOK Million [+]
GDP From Utilities 4461.00 4434.00 5317.00 2729.00 NOK Million [+]



Norway GDP Annual Growth Rate Notes

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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 2.50 10.20 -4.30 1979 - 2016 percent Quarterly



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