2025.11.2607:25:08UTC+00Norway GDP Growth Eases Slightly to 1.1% in Q3

In the third quarter of 2025, the Norwegian economy experienced a 1.1% increase when compared to the previous quarter, slightly lower than the 1.2% rise recorded after upward revision in Q2. This period marked the third consecutive quarter of economic growth, primarily fueled by a more pronounced increase in both petroleum activities and ocean transport, which rose by 4.4% from the previous quarter's 1.4%, as well as stronger household consumption, up by 1.1% compared to 0.7%. Additionally, exports saw an increase of 1.9%, up from 1.7%, while imports also rebounded with a growth of 1.1% following a decline of 0.5%, both contributing positively to GDP growth. However, there were downturns in fixed investment, which fell by 1.3% after a 3.4% rise, and in government spending, which decreased marginally by 0.1% compared to a 0.8% decline in the previous quarter. On an annual basis, GDP grew by 2.1% in the September quarter, improving from the prior quarter's revised growth rate of 0.6%.