The gross domestic product of mainland Norway, which excludes the largely petroleum-based offshore sector, contracted 2.1 percent in the first quarter of 2020, the most since the fourth quarter of 2008 as coronavirus-related lockdown measures from mid-March forced businesses to close temporarily and consumers to stay at home.
Leading Economic Index in Norway averaged 0.45 percent from 2016 until 2020, reaching an all time high of 1.20 percent in December of 2018 and a record low of -2.10 percent in March of 2020. This page provides - Norway GDP Mainland 3-Month Average- actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway GDP Mainland 3-Month Average - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Statistics Norway
Leading Economic Index in Norway is expected to be -1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Norway to stand at 0.50 in 12 months time. In the long-term, the Norway GDP Mainland 3-Month Average is projected to trend around 0.70 percent in 2021 and 0.40 percent in 2022, according to our econometric models.