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Macro - Country Economic Forecasts - Norway

Publisher Oxford Economics
Published Jan 28, 2026
Length 8 Pages
SKU # OFE20872821

Description

We have kept our GDP growth forecast for mainland Norway in 2026 at 1.4%. We project quarterly mainland GDP growth will average 0.4% throughout 2026. Supportive fiscal policy and improving consumer confidence are key drivers, but weak external demand and tight monetary policy will limit growth momentum.

Table of Contents

8 Pages
Norway: Supportive fiscal policy will support growth in 2026
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy and politics

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