The Norwegian economy contracted 0.7 percent in 2020, after a 0.7 percent expansion in 2019. source: Statistics Norway

Full Year GDP Growth in Norway averaged 2.78 percent from 1971 until 2020, reaching an all time high of 6.10 percent in 1984 and a record low of -1.70 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 June of 2022.

Full Year GDP Growth in Norway is expected to reach 3.90 percent by the end of 2022, 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 3.70 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Norway Full Year GDP Growth



Related Last Previous Unit Reference
GDP Growth Rate -1.00 0.00 percent Mar 2022
GDP Annual Growth Rate 4.80 5.30 percent Mar 2022
GDP 362.52 405.51 USD Billion Dec 2020

Norway Full Year GDP Growth
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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.70 0.70 6.10 -1.70 1971 - 2020 percent Yearly