Norway’s mainland GDP, which excludes the petroleum-based offshore sector, grew by 0.6% quarter-on-quarter in the three months to June 2025, exceeding forecasts of 0.3%. This followed an upwardly revised 1.2% expansion in the previous quarter, marking the second consecutive quarter of growth. The Q2 expansion was primarily driven by increased activity in manufacturing, retail trade, and fishing, trapping, and aquaculture. However, the growth was partly offset by declines in electricity, gas, and hot water supply. The solid performance in the first half of 2025 comes after a prolonged period of subdued growth in the Norwegian economy. “The first half of 2025 shows stronger growth in the mainland economy than we have seen in quite some time,” said Pål Sletten, Head of the National Accounts Section at Statistics Norway. On a year-on-year basis, the mainland economy expanded by 0.5% in Q2, sharply easing from an upwardly revised 3.1% in the first quarter. source: Statistics Norway

GDP Growth Non Oil Sector in Norway decreased to 0.60 percent in the second quarter of 2025 from 1.20 percent in the first quarter of 2025. GDP Growth Non Oil Sector in Norway averaged 0.58 percent from 1978 until 2025, reaching an all time high of 4.70 percent in the third quarter of 2020 and a record low of -6.20 percent in the second quarter of 2020. This page includes a chart with historical data for Norway GDP Growth Mainland QoQ. Norway GDP Growth Mainland QoQ - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-05-15 06:00 AM
GDP Growth Mainland QoQ
Q1 1% -0.4% 0.6% 0.3%
2025-08-21 06:00 AM
GDP Growth Mainland QoQ
Q2 0.6% 1.2% 0.3% 0.3%
2025-11-21 07:00 AM
GDP Growth Mainland QoQ
Q3 0.6% 0.4%


Related Last Previous Unit Reference
Full Year GDP Growth 2.10 0.10 percent Dec 2024
GDP Growth Rate YoY -2.10 -0.30 percent Jun 2025
GDP Constant Prices 1463607.00 1451487.00 NOK Million Jun 2025
GDP from Agriculture 6185.00 6247.00 NOK Million Jun 2025
GDP from Construction 57332.00 57659.00 NOK Million Jun 2025
GDP from Manufacturing 75604.00 73830.00 NOK Million Jun 2025
GDP from Mining 1591.00 1554.00 NOK Million Jun 2025
GDP from Public Administration 69056.00 68485.00 NOK Million Jun 2025
GDP from Utilities 8093.00 8271.00 NOK Million Jun 2025
GDP Growth Mainland 0.60 1.20 percent Jun 2025
GDP Growth Rate 0.80 0.10 percent Jun 2025
Gross Fixed Capital Formation 276776.00 276005.00 NOK Million Jun 2025
Gross National Product 1426470.00 1433650.00 NOK Million Jun 2025
GDP MoM -0.10 -0.10 percent Dec 2024

Norway GDP Growth Mainland QoQ
Actual Previous Highest Lowest Dates Unit Frequency
0.60 1.20 4.70 -6.20 1978 - 2025 percent Quarterly
SA

News Stream
Norway Q2 Mainland GDP Growth Beats Forecasts
Norway’s mainland GDP, which excludes the petroleum-based offshore sector, grew by 0.6% quarter-on-quarter in the three months to June 2025, exceeding forecasts of 0.3%. This followed an upwardly revised 1.2% expansion in the previous quarter, marking the second consecutive quarter of growth. The Q2 expansion was primarily driven by increased activity in manufacturing, retail trade, and fishing, trapping, and aquaculture. However, the growth was partly offset by declines in electricity, gas, and hot water supply. The solid performance in the first half of 2025 comes after a prolonged period of subdued growth in the Norwegian economy. “The first half of 2025 shows stronger growth in the mainland economy than we have seen in quite some time,” said Pål Sletten, Head of the National Accounts Section at Statistics Norway. On a year-on-year basis, the mainland economy expanded by 0.5% in Q2, sharply easing from an upwardly revised 3.1% in the first quarter.
2025-08-21
Mainland Norway GDP Growth Strongest in 3 Years
Norway’s mainland GDP, excluding the petroleum-based offshore sector, expanded 1% quarter-on-quarter in the three months to March 2025, beating forecasts of 0.6% and rebounding from a 0.4% decline in the previous period. This was the strongest growth since Q2 2022, driven by high electricity output due to unusually full water reservoirs. Retail trade surged, fueled by increased car purchases ahead of tax changes and higher spending on household goods. Manufacturing and fishing also rebounded after previous declines. On the expenditure side, government consumption continued to rise, led by health and care services. However, investment declined, following high levels in earlier quarters linked to major deliveries such as fighter aircraft. On an annual basis, the mainland economy grew 3%, the fastest pace since Q3 2022, accelerating from 0.4% previously.
2025-05-15
Mainland Norway GDP Posts Sharpest Fall Since 2020
Norway’s mainland GDP, excluding the petroleum-based offshore sector, shrank 0.4% quarter-on-quarter in the three months to December 2024, defying expectations of a 0.2% expansion and down from 0.5% growth in the previous period. This marked the sharpest contraction since Q2 2020, driven by declines in industrial and mining output, as well as other goods production. Growth in service activities also slowed. Annually, mainland GDP grew 0.5%, down sharply from 1.4% in the prior quarter. For the full year, the mainland economy expanded 0.6%, supported mainly by increased activity in the general government, particularly in defense, health, and care services. Additionally, the production and distribution of electric power grew significantly.
2025-02-11