GDP growth in Norway's mainland, which excludes the largely petroleum-based offshore sector, advanced 0.2% on quarter in the first quarter of 2023, matching market expectations, and following a downwardly revised 0.6% growth in the previous period. It was the eighth straight quarter of expansion but the softest pace since the first quarter of 2022 due to an easing in wholesale and retail trade, amid lower car sales. " The figures for the first quarter indicate that the Norwegian economy is slowing down, but it is happening rather gradually, and employment is still increasing," said Pål Sletten, Head of National Accounts. Excluding wholesale and retail trade, GDP in Mainland Norway increased 0.4% from the 4th quarter to the 1st quarter. source: Statistics Norway
GDP Growth Non Oil Sector in Norway averaged 0.60 percent from 1978 until 2023, reaching an all time high of 5.00 percent in the fourth quarter of 1984 and a record low of -6.40 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 June of 2023.