The gross domestic product of mainland Norway, which excludes the largely petroleum-based offshore sector, grew 0.7 percent in the third quarter of 2019, the same pace as in the April-June period. Leading Economic Index in Norway averaged 0.56 percent from 2016 until 2019, reaching an all time high of 1.10 percent in December of 2018 and a record low of -0.50 percent in June of 2016. source: Statistics Norway
Leading Economic Index in Norway is expected to be 0.40 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 0.40 in 12 months time. In the long-term, the Norway GDP Mainland 3-Month Average is projected to trend around 0.40 percent in 2020, according to our econometric models.