The GDP for mainland Norway, which excludes the largely petroleum-based offshore sector, expanded by 0.4 percent from a month earlier in September 2022, easily beating market expectations of a 0.3 percent contraction. It followed an upwardly revised 0.7 percent advance in August. Considering Q3, the economy expanded 0.8 percent, driven by the service industries and especially in wholesale trade. source: Statistics Norway
Leading Economic Index in Norway averaged 0.16 percent from 2016 until 2022, reaching an all time high of 3.70 percent in June of 2020 and a record low of -7.10 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 Growth Mainland MoM - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
Leading Economic Index in Norway is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway GDP Growth Mainland MoM is projected to trend around 0.50 percent in 2023 and 0.40 percent in 2024, according to our econometric models.