Overview
Discussions Key data points
Last release
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Observation period
2023
Next release
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Forecast
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Highest
6.10 % on Dec 31, 1984
Lowest
−1.90 % on Dec 31, 2009
About Norway Full Year GDP Growth
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.