Norway GDP Growth Rate (2026)
Norway has a high-income economy supported by energy, services, shipping, manufacturing, and a strong public sector. This page examines its GDP growth trend, historical performance, regional comparison, and outlook.
GDP Growth Rate 2026
+1.5%
Annual real GDP growth
World Rank
#159
Out of 195 countries
Change vs 2025
+0.4 pp
2025: +1.1%
Europe Rank
#27
Out of 43 countries
1. Norway GDP Growth Rate in 2026
Norwegian economic growth is influenced by energy production, household demand, investment, exports, and services. Oil and gas markets remain important, although the mainland economy provides a broader picture of domestic activity.
2. Norway GDP Growth Rate Trends (1980–2026)
Norway’s growth history has been shaped by energy development, strong public finances, investment, productivity, and international trade. Resource revenues have supported long-term economic stability.
3. Norway GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +1.5% | +0.4 pp |
| 2025 | +1.1% | -0.3 pp |
| 2024 | +1.4% | +1.0 pp |
| 2023 | +0.4% | -3.7 pp |
| 2022 | +4.1% | 0.0 pp |
| 2021 | +4.1% | +5.5 pp |
| 2020 | -1.4% | -2.9 pp |
| 2019 | +1.5% | +0.4 pp |
| 2018 | +1.1% | -1.6 pp |
| 2017 | +2.7% | +1.4 pp |
| 2016 | +1.3% | -0.7 pp |
| 2015 | +2.0% | -0.1 pp |
| 2014 | +2.1% | +0.8 pp |
| 2013 | +1.3% | -1.5 pp |
| 2012 | +2.8% | +1.4 pp |
| 2011 | +1.4% | +0.4 pp |
| 2010 | +1.0% | +2.6 pp |
| 2009 | -1.6% | -2.4 pp |
| 2008 | +0.8% | -2.6 pp |
| 2007 | +3.4% | +0.6 pp |
| 2006 | +2.8% | -0.2 pp |
| 2005 | +3.0% | -1.3 pp |
| 2004 | +4.3% | +3.2 pp |
| 2003 | +1.1% | -0.4 pp |
| 2002 | +1.5% | -0.7 pp |
| 2001 | +2.2% | -1.2 pp |
| 2000 | +3.4% | +1.2 pp |
| 1999 | +2.2% | -0.5 pp |
| 1998 | +2.7% | -2.4 pp |
| 1997 | +5.1% | +0.1 pp |
| 1996 | +5.0% | +0.8 pp |
| 1995 | +4.2% | -0.8 pp |
| 1994 | +5.0% | +2.1 pp |
| 1993 | +2.9% | -0.7 pp |
| 1992 | +3.6% | +0.7 pp |
| 1991 | +2.9% | +0.9 pp |
| 1990 | +2.0% | +1.0 pp |
| 1989 | +1.0% | +1.3 pp |
| 1988 | -0.3% | -2.0 pp |
| 1987 | +1.7% | -2.3 pp |
| 1986 | +4.0% | -1.6 pp |
| 1985 | +5.6% | -0.5 pp |
| 1984 | +6.1% | +2.2 pp |
| 1983 | +3.9% | +3.7 pp |
| 1982 | +0.2% | -1.5 pp |
| 1981 | +1.7% | -2.8 pp |
| 1980 | +4.5% | — |
4. Norway GDP Growth Performance
Current Growth Rate
+1.5%
(2026 to 2026)
5-Year Average
+1.7%
(2022 to 2026)
10-Year Average
+1.6%
(2017 to 2026)
20-Year Average
+1.5%
(2007 to 2026)
Norway benefits from strong institutions, significant energy exports, and substantial financial reserves. Domestic growth can nevertheless slow when household demand weakens or financial conditions become tighter.
5. Norway GDP Growth Rate vs Europe and World
Norway
+1.5%
Europe Average
+1.9%
World Average
+2.8%
0.0%
1.4%
2.8%
Annual real GDP growth (%)
Norway’s GDP growth rate is approximately
0.4 pp
below the
Europe average
and
1.3 pp
below the world average.
6. Norway GDP Growth Rate Ranking in Europe
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #23 | Moldova | +1.9% |
| #24 | Greece | +1.8% |
| #25 | Hungary | +1.7% |
| #26 | Luxembourg | +1.6% |
| #27 | Norway | +1.5% |
| #28 | Estonia | +1.4% |
| #29 | Switzerland | +1.3% |
| #30 | San Marino | +1.3% |
| #31 | Netherlands | +1.2% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Norway
Norway GDP (Nominal)
$599.4 Billion
(2026)
Norway GDP Growth Rate
+1.5%
(2026)
Norway generally records moderate growth similar to other advanced Nordic economies, while energy production can create larger swings in headline output. Its fiscal strength provides greater resilience than many peers.
Explore more:
Norway GDP
9. Norway GDP Growth Rate Forecast
The outlook depends on household demand, investment, energy markets, exports, and financial conditions. Lower energy prices and weaker external demand could reduce growth, while strong public finances provide support.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +1.3% | -0.2 pp |
| 2028 | +1.1% | -0.2 pp |
| 2029 | +1.1% | 0.0 pp |
| 2030 | +1.1% | 0.0 pp |
10. Norway GDP Growth Rate: Key Findings
Norway GDP growth rate is estimated at +1.5% in 2026.
It ranks #159 globally and #27 in Europe by annual GDP growth rate.
The growth rate accelerated by 0.4 percentage points compared with 2025.
The 5-year average GDP growth rate is +1.7%.
The 10-year average GDP growth rate is +1.6%.
The current rate is 0.4 percentage points below the Europe average.
The current rate is 1.3 percentage points below the world average.
The forecast GDP growth rate is +1.1% in 2030, 0.4 percentage points below the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Norway GDP Growth Rate FAQs
Norway GDP growth rate is estimated at +1.5% in 2026.
Norway ranks #159 globally and #27 in Europe by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +1.5% in 2026.
Norway GDP growth rate was +2.0% in 2015.
Norway GDP growth rate is 0.4 percentage points below the Europe average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.