National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Norway
NORGDPRQPSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.71
Year-over-Year Change
-127.17%
Date Range
1/1/1979 - 1/1/2025
Summary
This economic trend measures the total real gross domestic product (GDP) of Norway, adjusted for inflation. It is a key indicator of the overall size and growth of the Norwegian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Norway series represents the total output of goods and services produced within Norway, valued in real (inflation-adjusted) terms. This headline GDP figure is widely used by economists, policymakers, and investors to assess the health and trajectory of the Norwegian economy.
Methodology
The data is collected and calculated by Statistics Norway, the national statistical institute.
Historical Context
Trends in real GDP are closely monitored by the Norges Bank, Norway's central bank, to inform monetary policy decisions.
Key Facts
- Norway's GDP reached 3.8 trillion Norwegian kroner in 2021.
- Real GDP grew by 4.9% in Norway in 2021 after contracting in 2020.
- Norway's economy is heavily dependent on oil and gas exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real gross domestic product (GDP) of Norway, adjusted for inflation. It is a key indicator of the overall size and growth of the Norwegian economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in real GDP are closely monitored by economists, policymakers, and investors to assess the health and trajectory of the Norwegian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Norway, the national statistical institute.
Q: How is this trend used in economic policy?
A: Trends in real GDP are closely monitored by the Norges Bank, Norway's central bank, to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2-3 months.
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NORLORSGPNOSTSAM
Amount Outstanding of International Debt Securities for All Issuers, All Maturities, Residence of Issuer in Norway
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Harmonized Index of Consumer Prices: All-Items HICP for Norway
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Mutual Fund Assets to GDP for Norway
DDDI07NOA156NWDB
International Merchandise Trade Statistics: Imports: Commodities for Norway
NORXTIMVA01CXMLM
Volatility of Stock Price Index for Norway
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Norway (NORGDPRQPSMEI), retrieved from FRED.