Nominal GDP for Norway was $483.8bn in 2024, up from $483.3bn in 2023. The Norwegian population was estimated at 5.7m in 2024 according to the IMF, while Germany is Norway’s biggest trading partner.
Variables Surveyed for Norway
Variables covered in our monthly analysis of Norway include:
- Gross Domestic Product
- Private Consumption
- Gross Fixed Investment
- Manufacturing Production
- Consumer Prices
- Wages and Salaries
- Current Account
- General Government Budget Balance
- Interest Rates
- Krone Currency Forecasts
Consensus Forecasts for Norway
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. in the PDF publication, we also show selected “comparison forecasters” including the IMF, and the Bank of Norway. The example below is an illustrative historical survey snapshot from September 2022, showing how individual forecasts and the consensus are presented.
Source: Consensus Forecasts – G-7 and Western Europe, September 2022
Special Surveys
In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Norway on topics such as:- Quarterly Forecasts
- Long-Term 5 and 10 Year Forecasts
- Economic Policy Evaluation
- Trends in Productivity and Wages
- Corporate Profits and Real Interest Rates
- Forecast Probabilities
Main Data Sources for Norway
- Statistics Norway: Statistics Norway is the national statistical institute of Norway and the main producer of official statistics. It is responsible for collecting, producing and communicating statistics related to the economy, population and society at national, regional and local levels. Statistics Norway also conducts extensive research and analysis activities.
- Bank of Norway: Norges Bank is Norway's central bank. The Bank promotes economic stability in Norway. Norges Bank also manages the Government Pension Fund Global and the bank’s own foreign exchange reserves.
Comprehensive Forecasts Coverage
Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.Explore forecasts across G7 & Western Europe
Alongside this country forecast, explore the other economies covered by our G7 & Western Europe forecast publication.