Key data points
Last release
Feb 11, 2025
Observation period
Q4 2024
Next release
In 5 days
Forecast
—
Highest
4.10 % on Sep 30, 2021
Lowest
−5.20 % on Jun 30, 2020
About Norway GDP Growth Rate
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.
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Related indicators
NOGDP
GDPR
485.53 BUSD
NOGDPA
GDP From AgricultureR
5.93 BNOK
NOGDPC
GDP From ConstructionR
57.17 BNOK
NOGDPCP
Real GDPR
1.45 TNOK
NOGDPMAN
GDP From ManufacturingR
72.5 BNOK
NOGDPMIN
GDP From MiningR
1.65 BNOK
NOGDPPC
GDP Per CapitaR
78.91 KUSD
NOGDPPCP
GDP Per Capita PPPR
90.16 KUSD