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Norway GDP Annual Growth Rate

Last Release
Dec 31, 2024
Actual
-0.3
Units In
%
Previous
3.5
Frequency
Quarterly
Next Release
May 15, 2025
Time to Release
2 Months 30 Days 6 Hours
Q1 22Q4 22Q3 23Q4 24-226
Highest
Lowest
Average
Date Range
Source
10.2
Mar 1980
-4.4
Jun 2009
2.42 %1979-2024Statistics Norway
Norway is one of the wealthiest countries in the world. Its wealth was build on the back of natural resources including oil and gas, hydropower and fish and supported by developed shipping industry. Components of the GDP on the expenditure side: household consumption (41 percent), gross fixed capital formation (24 percent) and government expenditure (22 percent). Exports of goods and services account for 38 percent of GDP while imports account for 30 percent, adding 8 percent of total GDP.

Norway GDP Annual Growth Rate History

Last 12 readings
Q1 22Q2 22Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23Q1 24Q2 24Q3 24Q4 24-2.0002.004.006.00

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Q2