Norwegen Bip-Wachstum

The Norwegian economy contracted by 0.6% quarter-on-quarter in the three months to December 2024, following a downwardly revised 1.6% decline in the previous period. This marked the second straight quarter of contraction, primarily driven by a decline in petroleum activities and ocean transport (-1.0% vs -5.8% in Q3). Exports edged up 0.1% after falling 3.2% in Q2, while imports declined by 0.7%, reversing from a 3.5% rise in the prior quarter. Meanwhile, growth in government spending slowed (0.3% vs 0.6%), and household consumption stagnated (vs -0.2%). On the other hand, fixed investment growth also slowed (0.2% vs 1.6%). Year-on-year, Norwegian GDP contracted by 0.3%, reversing from an upwardly revised 3.7% expansion in the previous quarter and marking the first contraction since the third quarter of 2023. For the 2024 full year, the economy grew 2.1%, accelerating sharply from a 0.1% gain in 2023.