GDP reading disappoints markets: Australia’s GDP increased 0.3% in seasonally adjusted quarter-on-quarter terms in Q1, following a 0.9% expansion in...
Economic Growth in Norway
Norway's economy recorded an average growth rate of 1.6% in the decade to 2024, compared to the 1.7% average for Nordic Economies. In 2024, real GDP growth was 2.1%. For more GDP information, visit our dedicated page.
Norway GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Norway from 2014 to 2025.
Source: Macrobond.
Norway GDP Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 4.2 | 4.0 | 0.6 | 1.4 | 1.2 |
| GDP (USD bn) | 521 | 617 | 502 | 500 | 531 |
| GDP (EUR bn) | 441 | 587 | 464 | 463 | 470 |
| GDP (NOK bn) | 4,480 | 5,935 | 5,305 | 5,382 | 5,511 |
| Economic Growth (Nominal GDP, ann. var. %) | 24.5 | 32.5 | -10.6 | 1.5 | 2.4 |
| Economic Growth (Mainland GDP, ann. var. %) | 4.7 | 5.2 | 1.3 | 0.7 | 1.7 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Norwegian GDP projections for the next ten years from a panel of 20 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Norwegian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Norwegian GDP projections.
Want to get access to the full dataset of Norwegian GDP forecasts? Send an email to info@focus-economics.com.
Latest Global GDP News
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Australia: Economic growth slows in the first quarter of 2026 -
Switzerland: Economic growth rises in the first quarter of 2026 GDP reading: Switzerland’s GDP grew 0.7% on a seasonally adjusted quarter-on-quarter basis in Q1, following 0.2% growth in the previous... -
Canada: Economy shrinks less in the first quarter of 2026 GDP reading: Canada’s GDP declined 0.1% in seasonally adjusted quarter-on-quarter annualized (SAAR) terms in Q1, following a 1.0% contraction in... -
Czech Republic: Economic growth slows in the first quarter of 2026 Q1 clocks weakest GDP reading since Q3 2023: The Czech Republic’s GDP expanded 0.2% in seasonally adjusted quarter-on-quarter terms in... -
Estonia: Economic growth rises in the first quarter of 2026 Q1 GDP growth hits over four-year high: Estonia’s GDP grew 2.4% on a year-on-year basis in Q1, following 0.7% growth... -
Latvia: Economic growth decelerates in the first quarter of 2026 GDP reading: Latvia’s GDP increased 2.5% in annual terms in Q1, following 2.9% growth in the prior quarter. In seasonally... -
Croatia: Economic growth eases in the first quarter of 2026 GDP growth decelerates more than expected in Q1: Croatia’s GDP expanded 2.2% in annual terms in Q1, following upwardly revised...