Norway's economic growth accelerated to 2.1% in 2024, from a downwardly revised 0.1% in the previous year. The broad upturn was driven by a rebound in household consumption (1.2% vs -1.2% in 2023), and a positive contribution from net trade, as exports soared 5.7% (vs 0.4%), while imports rose at a softer 3.7% (-1.5%). source: Statistics Norway
Full Year GDP Growth in Norway averaged 2.75 percent from 1971 until 2024, reaching an all time high of 6.10 percent in 1984 and a record low of -1.90 percent in 2009. This page includes a chart with historical data for Norway Full Year GDP Growth. Norway Full Year GDP Growth - values, historical data and charts - was last updated on September of 2025.
Full Year GDP Growth in Norway is expected to reach 0.10 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Full Year GDP Growth is projected to trend around 1.20 percent in 2026 and 1.10 percent in 2027, according to our econometric models.