Norway Forecast: Real GDP Growth

1980 - 2027 | Yearly | % | International Monetary Fund

Key information about Norway Forecast: Real GDP Growth

  • Norway Real GDP Growth is forecasted to be 3.993 % in Dec 2022 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 3.923 % in Dec 2021.
  • Looking ahead, Norway Real GDP Growth is projected to stand at 1.289 % in Dec 2027.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.

View Norway's Forecast: Real GDP Growth from 1980 to 2027 in the chart:

Norway Forecast: Real GDP Growth

What is Norway's Forecast: Real GDP Growth in 2027?

Norway Real GDP Growth is forecasted to be 3.993 % in Dec 2022 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
1.289 2027 1.277 2026 -1.727 2009 6.052 1984 % yearly 1980 - 2027

Forecast: Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Afghanistan (%) -2.351 2020 yearly 2003 - 2020
Albania (%) 3.400 2027 yearly 1980 - 2027
Algeria (%) 1.812 2027 yearly 1980 - 2027
Andorra (%) 1.500 2027 yearly 2001 - 2027
Angola (%) 3.940 2027 yearly 1980 - 2027
Antigua and Barbuda (%) 2.703 2027 yearly 1980 - 2027
Argentina (%) 2.000 2027 yearly 1980 - 2027
Armenia (%) 4.500 2027 yearly 1993 - 2027
Aruba (%) 1.400 2027 yearly 1987 - 2027
Australia (%) 2.585 2027 yearly 1980 - 2027
Austria (%) 1.780 2027 yearly 1980 - 2027
Azerbaijan (%) 2.493 2027 yearly 1993 - 2027
Bahamas (%) 1.496 2027 yearly 1980 - 2027
Bahrain (%) 3.050 2027 yearly 1980 - 2027
Bangladesh (%) 9.531 2021 yearly 1980 - 2021
Barbados (%) 1.840 2027 yearly 1980 - 2027
Belarus (%) 0.574 2027 yearly 1993 - 2027
Belgium (%) 1.198 2027 yearly 1980 - 2027
Belize (%) 2.000 2027 yearly 1980 - 2027
Benin (%) 6.028 2027 yearly 1980 - 2027
Bhutan (%) 5.762 2027 yearly 1980 - 2027
Bolivia (%) 3.400 2027 yearly 1980 - 2027
Bosnia and Herzegovina (%) 3.000 2027 yearly 1997 - 2027
Botswana (%) 3.986 2027 yearly 1980 - 2027
Brazil (%) 2.040 2027 yearly 1980 - 2027
Brunei (%) 2.112 2027 yearly 1986 - 2027
Bulgaria (%) 2.840 2027 yearly 1980 - 2027
Burkina Faso (%) 5.305 2027 yearly 1980 - 2027
Burundi (%) 4.519 2027 yearly 1980 - 2027
Cambodia (%) 6.500 2027 yearly 1988 - 2027
Cameroon (%) 5.164 2027 yearly 1980 - 2027
Canada (%) 1.631 2027 yearly 1980 - 2027
Cape Verde (%) 4.498 2027 yearly 1980 - 2027
Central African Republic (%) 4.664 2027 yearly 1980 - 2027
Chad (%) 3.508 2027 yearly 1980 - 2027
Chile (%) 2.459 2027 yearly 1980 - 2027
China (%) 4.784 2027 yearly 1980 - 2027
Colombia (%) 3.445 2027 yearly 1980 - 2027
Comoros (%) 4.342 2027 yearly 1980 - 2027
Congo (%) 3.370 2027 yearly 1980 - 2027
Costa Rica (%) 3.160 2027 yearly 1980 - 2027
Croatia (%) 3.000 2027 yearly 1993 - 2027
Cyprus (%) 2.930 2027 yearly 1980 - 2027
Czech Republic (%) 2.505 2027 yearly 1996 - 2027
Democratic Republic of Congo (%) 6.632 2027 yearly 1980 - 2027
Denmark (%) 1.800 2027 yearly 1980 - 2027
Djibouti (%) 6.000 2027 yearly 1992 - 2027
Dominica (%) 2.489 2027 yearly 1980 - 2027
Dominican Republic (%) 5.000 2027 yearly 1980 - 2027
Ecuador (%) 2.797 2027 yearly 1980 - 2027
Egypt (%) 5.904 2027 yearly 1980 - 2027
El Salvador (%) 1.965 2027 yearly 1980 - 2027
Equatorial Guinea (%) -0.981 2027 yearly 1980 - 2027
Eritrea (%) 3.752 2027 yearly 1993 - 2027
Estonia (%) 3.300 2027 yearly 1994 - 2027
Swaziland (%) 2.278 2027 yearly 1980 - 2027
Ethiopia (%) 6.990 2027 yearly 1980 - 2027
Fiji (%) 3.413 2027 yearly 1980 - 2027
Finland (%) 1.265 2027 yearly 1980 - 2027
France (%) 1.412 2027 yearly 1980 - 2027
Gabon (%) 3.823 2027 yearly 1981 - 2027
Gambia (%) 5.000 2027 yearly 1980 - 2027
Georgia (%) 5.200 2027 yearly 1995 - 2027
Germany (%) 1.134 2027 yearly 1980 - 2027
Ghana (%) 7.485 2027 yearly 1980 - 2027
Greece (%) 1.201 2027 yearly 1980 - 2027
Grenada (%) 2.849 2027 yearly 1980 - 2027
Guatemala (%) 3.503 2027 yearly 1980 - 2027
Guinea (%) 5.107 2027 yearly 1980 - 2027
Guinea-Bissau (%) 5.000 2027 yearly 1981 - 2027
Guyana (%) 3.748 2027 yearly 1980 - 2027
Haiti (%) 1.700 2027 yearly 1980 - 2027
Honduras (%) 3.940 2027 yearly 1980 - 2027
Hong Kong SAR, China (%) 2.849 2027 yearly 1980 - 2027
Hungary (%) 2.700 2027 yearly 1980 - 2027
Iceland (%) 2.299 2027 yearly 1980 - 2027
India (%) 6.168 2028 yearly 1981 - 2028
Indonesia (%) 5.177 2027 yearly 1980 - 2027
Iran (%) 2.025 2028 yearly 1981 - 2028
Iraq (%) 2.625 2027 yearly 1999 - 2027
Ireland (%) 3.030 2027 yearly 1980 - 2027
Israel (%) 3.515 2027 yearly 1980 - 2027
Italy (%) 0.500 2027 yearly 1980 - 2027
Ivory Coast (%) 6.000 2027 yearly 1980 - 2027
Jamaica (%) 1.600 2027 yearly 1980 - 2027
Japan (%) 0.398 2027 yearly 1980 - 2027
Jordan (%) 3.300 2027 yearly 1980 - 2027
Kazakhstan (%) 3.084 2027 yearly 1993 - 2027
Kenya (%) 5.424 2027 yearly 1980 - 2027
Kiribati (%) 1.971 2027 yearly 1980 - 2027
South Korea (%) 2.284 2027 yearly 1980 - 2027
Kosovo (%) 3.500 2027 yearly 2001 - 2027
Kuwait (%) 2.655 2027 yearly 1980 - 2027
Kyrgyzstan (%) 4.041 2027 yearly 1993 - 2027
Laos (%) 4.300 2027 yearly 1980 - 2027
Latvia (%) 3.260 2027 yearly 1993 - 2027
Lebanon (%) -22.000 2020 yearly 1980 - 2020
Lesotho (%) 0.122 2028 yearly 1981 - 2028
Liberia (%) 5.680 2027 yearly 2001 - 2027
Libya (%) 3.588 2027 yearly 1980 - 2027

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Norway Key Series

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Includes 271 key indicators for Norway, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 14.6 Mar 2022 quarterly Dec 2002 - Mar 2022
Consolidated Fiscal Balance (USD mn) 33,836.339 Mar 2022 quarterly Mar 2002 - Mar 2022
Tax Revenue (USD mn) 50,604.722 Mar 2022 quarterly Mar 2002 - Mar 2022
Tax Revenue: % of GDP (%) 35.3 Mar 2022 quarterly Mar 2002 - Mar 2022
National Government Debt (USD mn) 203,080.5 2021 yearly 1995 - 2021
Government Debt: % of GDP (%) 43.2 2021 yearly 1995 - 2021
Forecast: Government Expenditure (NOK bn) 2,499.145 2027 yearly 1980 - 2027
Forecast: Government Net Debt (NOK bn) 2,343.163 2027 yearly 1980 - 2027
Forecast: Government Revenue (NOK bn) 2,606.150 2027 yearly 1980 - 2027
General Govt Taxes: GS: Value Added Tax (NOK mn) 338,000.000 2021 yearly 1995 - 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.069 2027 yearly 1980 - 2027
Trade Balance (USD mn) 15,308.1 Jul 2022 monthly Jan 1957 - Jul 2022
Total Exports (USD mn) 22,878.1 Jul 2022 monthly Jan 1975 - Jul 2022
Total Exports Growth (%) 112.7 Jul 2022 monthly Jan 1976 - Jul 2022
Aluminum: Exports (USD th) 5,269,936.329 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 549,563.055 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 280,320.737 2021 yearly 1995 - 2021
Total Imports (USD mn) 9,144.9 Jun 2022 monthly Jan 1976 - Jun 2022
Total Imports Growth (%) 16.7 Jul 2022 monthly Jan 1977 - Jul 2022
Imports: Medicament (USD th) 1,660,589.240 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 695,675.854 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 327.828 Jul 2022 monthly Jan 1988 - Jul 2022
Total Imports from USA (USD mn) 363.818 Jul 2022 monthly Apr 1963 - Jul 2022
Total Exports to China (USD mn) 226.644 Jun 2022 monthly Mar 1977 - Jun 2022
Total Imports from China (USD mn) 871.214 Jul 2022 monthly Apr 1963 - Jul 2022
Exports: Crude Oil (NOK mn) 48,686.000 Jul 2022 monthly Jan 1974 - Jul 2022
Imports (NOK mn) 75,758.000 Jul 2022 monthly Jan 1976 - Jul 2022
Exports (NOK mn) 228,957.000 Jul 2022 monthly Jan 1975 - Jul 2022
Exports: Netherlands (NOK th) 14,882,665.000 Jul 2022 monthly Jan 1988 - Jul 2022
Exports: United Kingdom (NOK th) 54,105,785.000 Jul 2022 monthly Jan 1988 - Jul 2022
Exports: Sweden (NOK th) 11,710,892.000 Jul 2022 monthly Jan 1988 - Jul 2022
Exports: France (NOK th) 23,699,051.000 Jul 2022 monthly Jan 1988 - Jul 2022
Exports: Germany (NOK th) 68,757,412.000 Jul 2022 monthly Jan 1988 - Jul 2022
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 7,791,711.000 Jun 2022 monthly Jan 1988 - Jun 2022
Exports: 1-Digit: Chemical and Related Product (NOK th) 7,488,484.000 Jul 2022 monthly Jan 1988 - Jul 2022
Exports: 1-Digit: Food and Live Animals (NOK th) 11,993,904.000 Jul 2022 monthly Jan 1988 - Jul 2022
Exports: 1-Digit: Manufactured Goods (NOK th) 10,354,636.000 Jul 2022 monthly Jan 1988 - Jul 2022
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 187,716,524.000 Jul 2022 monthly Jan 1988 - Jul 2022
Imports: Denmark (NOK th) 3,703,727.000 Jul 2022 monthly Jan 1988 - Jul 2022
Imports: China (NOK th) 8,718,845.000 Jul 2022 monthly Jan 1988 - Jul 2022
Imports: Germany (NOK th) 8,330,722.000 Jul 2022 monthly Jan 1988 - Jul 2022
Imports: Sweden (NOK th) 9,736,419.000 Jul 2022 monthly Jan 1988 - Jul 2022
Imports: United Kingdom (NOK th) 3,626,239.000 Jul 2022 monthly Jan 1988 - Jul 2022
Imports: 1-Digit: Machinery and Transport Equipment (NOK th) 23,712,326.000 Jul 2022 monthly Jan 1988 - Jul 2022
Imports: 1-Digit: Manufactured Goods (NOK th) 9,772,893.000 Jul 2022 monthly Jan 1988 - Jul 2022
Imports: 1-Digit: Chemical and Related Product (NOK th) 9,248,684.000 Jul 2022 monthly Jan 1988 - Jul 2022
Imports: 1-Digit: Miscellaneous Manufactured Goods (NOK th) 10,003,180.000 Jul 2022 monthly Jan 1988 - Jul 2022
Imports: 1-Digit: Crude Material and Inedible (NOK th) 4,454,940.000 Jul 2022 monthly Jan 1988 - Jul 2022
Import Volume Index: sa: Miscellaneous Manufactured Goods (2000=100) 173.000 Jun 2022 quarterly Mar 1989 - Jun 2022
Import Volume Index: sa: Food and Live Animals (2000=100) 191.100 Jun 2022 quarterly Mar 1989 - Jun 2022
Import Volume Index: sa: Animal and Vegetable Oil and Fats (2000=100) 333.600 Jun 2022 quarterly Mar 1989 - Jun 2022
Import Volume Index: Beverages and Tobacco (2000=100) 314.700 Jun 2022 quarterly Mar 1989 - Jun 2022
Import Volume Index: sa (2000=100) 186.300 Jun 2022 quarterly Mar 1989 - Jun 2022
Import Volume Index: sa: Beverages and Tobacco (2000=100) 294.800 Jun 2022 quarterly Mar 1989 - Jun 2022
Import Volume Index: Animal and Vegetable Oil and Fats (2000=100) 308.300 Jun 2022 quarterly Mar 1989 - Jun 2022
Import Volume Index: Machinery and Transport Equipment (2000=100) 197.800 Jun 2022 quarterly Mar 1989 - Jun 2022
Import Volume Index: Miscellaneous Manufactured Goods (2000=100) 166.400 Jun 2022 quarterly Mar 1989 - Jun 2022
Import Volume Index (2000=100) 187.800 Jun 2022 quarterly Mar 1989 - Jun 2022
Import Volume Index: sa: Machinery and Transport Equipment (2000=100) 197.100 Jun 2022 quarterly Mar 1989 - Jun 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 5,230.4 Jun 2022 quarterly Mar 1994 - Jun 2022
Current Account Balance (USD mn) 29,371.8 Jun 2022 quarterly Mar 1981 - Jun 2022
Current Account Balance: % of GDP (%) 22.3 Jun 2022 quarterly Mar 1981 - Jun 2022
Foreign Direct Investment (USD mn) 10,331.5 Jun 2022 quarterly Mar 2005 - Jun 2022
Foreign Direct Investment: % of GDP (%) 7.8 Jun 2022 quarterly Mar 2005 - Jun 2022
Foreign Portfolio Investment (USD mn) 2,274.292 Jun 2022 quarterly Mar 1994 - Jun 2022
Foreign Portfolio Investment: % of GDP (%) 1.7 Jun 2022 quarterly Mar 1994 - Jun 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 3,083.9 Jun 2022 quarterly Mar 2005 - Jun 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 3,297.900 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt (USD mn) 737,812.2 Mar 2022 quarterly Mar 2003 - Mar 2022
External Debt: % of GDP (%) 154.4 2021 yearly 2003 - 2021
External Debt: Short Term (USD mn) 300,901.8 Mar 2022 quarterly Mar 2012 - Mar 2022
External Debt: Short Term: % of GDP (%) 58.6 2021 yearly 2012 - 2021
Total Debt: % of GDP (%) 569.7 Jun 2022 quarterly Dec 1995 - Jun 2022
Forecast: Current Account Balance (USD bn) 61.533 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) 1,252,250.791 Mar 2022 quarterly Mar 2012 - Mar 2022
BoP: FA: Foreign Assets: Reserve Assets (NOK mn) 25,597.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: BI: Net Compensation of Employees and Investment Income (NOK mn) 52,966.000 Jun 2022 quarterly Mar 1981 - Jun 2022
BoP: Financial Account (FA): Foreign Assets (NOK mn) 489,009.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: FA: Foreign Liabilities (NOK mn) 273,013.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: BI: Net Current Transfers (NOK mn) -17,058.000 Jun 2022 quarterly Mar 1981 - Jun 2022
BoP: FA: Foreign Assets: Direct Investment (DI) (NOK mn) 49,291.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: FA: Foreign Liabilities: Direct Investment (DI) (NOK mn) 97,364.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: Current Account Balance (NOK mn) 276,801.000 Jun 2022 quarterly Mar 1981 - Jun 2022
BoP: FA: Foreign Assets: Other Investments (NOK mn) 103,615.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: FA: Foreign Liabilities: Other Investments (NOK mn) 154,216.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) 310,506.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: FA: Foreign Liabilities: Portfolio Investment (PI) (NOK mn) 21,433.000 Jun 2022 quarterly Mar 2005 - Jun 2022
IIP: Foreign Assets (NOK mn) 20,086,254.000 Mar 2022 quarterly Mar 2012 - Mar 2022
IIP: Foreign Liabilities (NOK mn) 9,118,165.000 Mar 2022 quarterly Mar 2012 - Mar 2022
Gross External Debt (NOK mn) 6,462,276.000 Mar 2022 quarterly Mar 2012 - Mar 2022
Gross Debt: External Loan Debt: General Public (NOK mn) 1,222,575.000 Dec 2018 quarterly Dec 2015 - Dec 2018
Foreign Direct Investment: Stock (NOK mn) 1,448,712.000 2020 yearly 2004 - 2020
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 7,900.000 2020 yearly 1998 - 2020
Direct Investment Abroad: Stock: Equity Capital (NOK mn) 1,701,383.000 2017 yearly 2004 - 2017
Direct Investment Abroad: Stock: Equity Capital: Singapore (NOK mn) 92,627.000 2020 yearly 1998 - 2020
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 229,558.000 2020 yearly 1998 - 2020
Direct Investment Abroad: Stock: Equity Capital: Africa (NOK mn) 17,817.000 2020 yearly 2004 - 2020
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 238,425.000 2020 yearly 1998 - 2020
No of Bankruptcies: SIC 2007 (Unit) 934.000 Jun 2022 quarterly Mar 2006 - Jun 2022
No of New Registered Enterprises (Unit) 17,275.000 Jun 2022 quarterly Mar 2001 - Jun 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.5 2021 yearly 1990 - 2021
Household Debt: % of GDP (%) 92.6 Jun 2022 quarterly Dec 1995 - Jun 2022
Money Supply M1 (USD mn) 302,857.084 Jul 2022 monthly Dec 1992 - Jul 2022
Money Supply M2 (USD mn) 324,119.490 Jul 2022 monthly Dec 1992 - Jul 2022
M2 Growth (%) 7.9 Jul 2022 monthly Dec 1993 - Jul 2022
Reserve Requirement Ratio (%) 0.8 Aug 2022 monthly Oct 2011 - Aug 2022
Foreign Exchange Reserves (USD mn) 68,751.9 Aug 2022 monthly Jan 1999 - Aug 2022
Foreign Exchange Reserves: % of GDP (%) 14.405 Jun 2022 quarterly Mar 1999 - Jun 2022
Foreign Exchange Reserves: Months of Import (NA) 9.1 Jul 2022 monthly Jan 1999 - Jul 2022
Gold Reserves (USD mn) 0.000 Aug 2022 monthly Dec 1959 - Aug 2022
Total Deposits (USD mn) 504,733.193 May 2022 monthly May 2009 - May 2022
Total Deposits Growth (%) 6.7 Jul 2022 monthly May 2010 - Jul 2022
Domestic Credit (USD mn) 707,977.6 Jul 2022 monthly Dec 1985 - Jul 2022
Domestic Credit Growth (%) 5.2 Jul 2022 monthly Dec 1986 - Jul 2022
Debt Service Ratio: Households (%) 14.300 Dec 2021 quarterly Mar 1999 - Dec 2021
Debt Service Ratio: Private Non-Financial Sector (%) 26.500 Dec 2021 quarterly Mar 1999 - Dec 2021
Credit to Households (USD bn) 465.638 Dec 2021 quarterly Mar 1975 - Dec 2021
Credit to Private Non-Financial Sector (USD bn) 1,119.184 Dec 2021 quarterly Dec 1953 - Dec 2021
Household Debt (USD mn) 449,163.7 Jun 2022 quarterly Dec 1995 - Jun 2022
Total Loans (USD mn) 744,344.916 Jun 2022 monthly Mar 1996 - Jun 2022
Total Loans Growth (%) 7.18 Jun 2022 monthly Mar 1997 - Jun 2022
Private Debt: % of Nominal GDP (%) 119.81 Jun 2022 quarterly Mar 1996 - Jun 2022
Official Reserve Assets (NOK mn) 764,191.000 Aug 2022 monthly Jan 1999 - Aug 2022
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 647,215.000 Aug 2022 monthly Jan 1999 - Aug 2022
Bank Deposits (NOK mn) 4,910,126.000 Jul 2022 monthly May 2009 - Jul 2022
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Loans: Banks (NOK mn) 4,346,165.000 Jul 2022 monthly Jan 1996 - Jul 2022
Non Performing Loans Ratio: Enterprises (%) 0.700 2021 yearly 1990 - 2021
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -19.7 Aug 2022 monthly Feb 2005 - Aug 2022
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

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