Norway Monthly GDP MoMNorway Monthly GDP MoMNorway Monthly GDP MoM

Norway Monthly GDP MoM

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Key data points


Last release
Observation period
Sep 2024
Next release
Forecast
Highest
5.10% on Jul 31, 2020
Lowest
−5.10% on Mar 31, 2020

About Norway Monthly GDP MoM


Category
GDP
Frequency
Monthly
Units
%
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.