The Gross Domestic Product (GDP) in Norway contracted 0.70 percent in the second quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Norway averaged 2.52 percent from 1979 until 2019, reaching an all time high of 10.20 percent in the first quarter of 1980 and a record low of -4.40 percent in the second quarter of 2009.
GDP Annual Growth Rate in Norway is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Norway to stand at 1.90 in 12 months time. In the long-term, the Norway GDP Annual Growth Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.