The GDP for Mainland Norway, which excludes the largely petroleum-based offshore sector, shrank by 0.2 percent from a month earlier in January 2023, matching the market expectations and shifting from a downwardly revised 0.3 percent rise in the previous month. The latest figure was the first decline since July 2022, mainly dragged down by the wholesale & retail trade, due to sharp decline in car trade. On a yearly basis, the economy grew by 5.7 percent in January 2023, accelerating sharply from a 1 percent increase in the previous month. source: Statistics Norway
Leading Economic Index in Norway averaged 0.15 percent from 2016 until 2023, 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 March of 2023.
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. In the long-term, the Norway GDP Growth Mainland MoM is projected to trend around 0.50 percent in 2024 and 0.40 percent in 2025, according to our econometric models.