The gross domestic product of mainland Norway, which excludes the largely petroleum-based offshore sector, shrank 1.0 percent in the first quarter of 2021. source: Statistics Norway

Leading Economic Index in Norway averaged 0.32 percent from 2016 until 2021, reaching an all time high of 4.90 percent in September of 2020 and a record low of -8 percent in May 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 June of 2021.

Leading Economic Index in Norway is expected to be 1.20 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 0.70 in 12 months time. In the long-term, the Norway GDP Mainland 3-Month Average is projected to trend around 0.70 percent in 2022 and 0.40 percent in 2023, according to our econometric models.

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Norway GDP Mainland 3-Month Average

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 0.20 4.90 -8.00 2016 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-25 06:00 AM Q2 -6.3% -2.2% -6.1% -6.6%
2020-11-17 07:00 AM Q3 5.2% -6% 5.2% 4.9%
2021-02-12 07:00 AM Q4 1.9% 5.0% 1.2% 1.0%
2021-05-12 06:00 AM Q1 -1% 2% -0.7% -0.5%
2021-08-20 06:00 AM Q2 -1%
2021-11-12 07:00 AM Q3

Norway Business Last Previous Highest Lowest Unit
Business Confidence 8.20 3.80 20.10 -22.90 points [+]
Manufacturing PMI 58.50 58.90 64.35 36.90 points [+]
Industrial Production 0.90 0.60 15.40 -13.10 percent [+]
Industrial Production Mom -0.10 0.90 12.30 -9.30 percent [+]
Manufacturing Production 4.70 4.70 8.90 -10.40 percent [+]
Capacity Utilization 79.00 77.90 85.50 76.00 percent [+]
Changes in Inventories 33240.00 21803.00 59693.00 -612.00 NOK Million [+]
Bankruptcies 323.00 326.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 14794.00 15043.00 21294.00 4089.00 [+]
Internet Speed 23539.08 23633.20 23633.20 4055.36 KBps [+]
IP Addresses 2663340.00 2550734.00 3708569.00 1631719.00 IP [+]
Leading Economic Index -1.00 0.20 4.90 -8.00 percent [+]
Mining Production -12.10 7.00 69.00 -28.20 percent [+]
Steel Production 41.20 65.00 97.00 0.00 Thousand Tonnes [+]
Crude Oil Rigs 18.00 17.00 25.00 6.00 [+]
Competitiveness Index 78.05 78.16 78.94 5.14 Points [+]
Competitiveness Rank 17.00 16.00 17.00 11.00 [+]
Corruption Index 84.00 84.00 91.00 79.00 Points [+]
Corruption Rank 7.00 7.00 14.00 3.00 [+]
Ease of Doing Business 9.00 7.00 10.00 6.00 [+]
Electricity Production 12427.14 13789.72 17451.90 6653.00 Gigawatt-hour [+]


Norway GDP Mainland 3-Month Average
In Norway, rolling three-month growth is calculated by comparing a three-month period with the previous three-month period, for example growth in May to July compared with February to April.