Norway GDP Growth Rate

Last Release

Sep 30, 2025

Actual

1.1

Units In

0.8

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
4.5 Sep 2020	-4.6 Jun 2020	0.59 %	1978-2025	Statistics 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.

Latest Updates

The Norwegian economy expanded by 1.1% quarter-on-quarter in Q3 2025, easing from an upwardly revised 1.2% growth in the previous quarter. This marked the third consecutive quarter of expansion, driven largely by a faster rise in both petroleum activities and ocean transport (4.4% vs 3.6% in Q2) and by stronger household consumption (1.1% vs 0.8%). Meanwhile, exports increased (1.9% vs 1.7%), and imports rose (1.1% vs -0.5%), contributing positively to GDP growth. By contrast, contractions were seen in fixed investment (-1.3% vs 3.4%) and government spending (–0.1% vs 0.4%). On a year-on-year basis, GDP grew 2.1% in the September quarter, rebounding from a downwardly revised 0.6% contraction in the previous quarter.