Key data points
Last release
—
Observation period
Q3 2024
Next release
—
Forecast
—
Highest
4.10 % on Sep 30, 2021
Lowest
−5.20 % on Jun 30, 2020
About Norway GDP Growth Rate
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.