GDP growth (quarterly) · Norway
Norway GDP Growth Rate QoQ
The Norway GDP Growth Rate QoQ measures how much the economy of Norway, the total value of goods and services it produces after inflation, grew compared with the previous quarter.
- Importance
- Medium
- Released
- Quarterly
- Next release
- Currency
- NOK · Norwegian krone
- Central bank
- Norges Bank
Latest figures
The latest release for Q2, published on 27 August 2026, came in at 0.7%, up from 0.4% the time before.
Over the last 7 releases it ranged from -0.6% to 1.1%, averaging 0.3%; it has been rising for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 27 Aug 2026 | Q2 | 0.7% | – | 0.4% |
| 28 May 2026 | Q1 | 0.4% | – | -0.6% ® |
| 9 Feb 2026 | Q4 | -0.3% | – | 1.3% ® |
| 26 Nov 2025 | Q3 | 1.1% | – | 1.2% ® |
| 21 Aug 2025 | Q2 | 0.8% | – | 0.1% ® |
| 15 May 2025 | Q1 | -0.1% | – | -0.9% ® |
| 11 Feb 2025 | Q4 | -0.6% | – | -1.6% ® |
Why it matters
GDP is the broadest measure of economic health. Two quarters of contraction are the common rule of thumb for a recession. Stronger growth supports corporate earnings, jobs and the Norwegian krone, and can push Norges Bank towards higher rates; a contraction raises the odds of cuts.
How it is calculated
Statistics Norway (SSB) adds up spending in the economy: consumption + investment + government spending + exports − imports, measured at constant prices (real GDP) and adjusted for seasonal patterns. The first (advance or flash) estimate is revised as more data arrive. The US annualises the quarterly change.
GDP = C + I + G + (X − M)
Growth (qoq) = real GDP ÷ real GDP last quarter − 1
Annualised = (1 + qoq)⁴ − 1What changes mean
- Compare with the consensus and with the previous quarter; the first estimate gets the biggest reaction.
- Look at the mix: growth from consumption and investment is healthier than growth from inventories.
- An annualised US figure of 2% is close to its long-run trend; 0.5% quarter on quarter is similar in European terms.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the Norwegian krone and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the Norwegian krone tends to soften and markets price in lower rates.
A short history
Simon Kuznets built the first national income accounts for the US Congress in 1934. GDP replaced GNP as the US headline measure in 1991; international standards are set in the UN System of National Accounts.
Questions
What is the Norway GDP Growth Rate QoQ?
The Norway GDP Growth Rate QoQ measures how much the economy of Norway, the total value of goods and services it produces after inflation, grew compared with the previous quarter.
What was the latest Norway GDP Growth Rate QoQ?
0.7% for Q2, published on 27 August 2026.
When is the next Norway GDP Growth Rate QoQ?
On Friday 20 November 2026 at 07:00 UTC.
What is the difference between quarterly and annual GDP growth?
Quarterly growth compares with the previous quarter (the latest momentum); annual growth compares with the same quarter a year earlier.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.