Norway GDP Growth Rate
Mar 2026 · Quarterly
Norway's real GDP growth slowed to 1.60% in the second quarter of 2026, from a revised 1.91% in the previous quarter, according to the International Monetary Fund. This marks the third consecutive quarterly decline, with growth easing from 2.25% in the third quarter of 2025. The latest reading remains well above the year-ago figure of 0.19% but is far from the all-time high of 8.99% recorded in the first quarter of 1980. The current pace is also the lowest since the second quarter of 2025, when growth stood at 0.19%, though it stays above the series low of -3.62% seen in the fourth quarter of 2020, according to the IMF.
source: International Monetary Fund
Norway's real GDP grew 2% year-on-year in the first quarter of 2026, accelerating from a 1.97% expansion in the previous period. The latest reading is the highest since the 2.27% growth recorded in the third quarter of 2025. The all-time high is 8.99% in the first quarter of 1980, while the record low is -3.62% in the fourth quarter of 2020.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.0% | 2.0% | 9.0%Mar 1980 | -3.6%Dec 2020 | 1979 – 2026 | Quarterly |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| GDP | $530.8B | $500.9B | $617.3B | $5.2B | Dec 2025 | Annual |
| Industrial Production | 4.2% | 1.1% | 5.9% | -6.5% | Dec 2025 | Annual |
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About this series
GDP Growth Rate in Norway averaged 2.3% from 1990 until 2026, reaching an all-time high of 9.0% in Mar 1980 and a record low of -3.6% in Dec 2020. The series is reported quarterly with history from 1979.
Real GDP growth measures the annual change in the inflation-adjusted value of all goods and services produced in Norway. The data are reported quarterly in percentage terms. The series begins in the first quarter of 1979.
Source & methodology
International Monetary Fund · IMF. Data is also available free of charge from the IMF
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