FX.co ★ Norwegian Economy Shrinks 0.3% in Q4

In the fourth quarter of 2025, Norway's economy experienced a 0.3% contraction from the previous quarter, reversing a revised 1.3% growth recorded in the previous period. This downturn marked the first contraction in a year, primarily influenced by a decrease in petroleum activities and ocean transport, which fell by 2.6% compared to a 5% increase in the third quarter. Household consumption growth also weakened, rising by 1%, down from 1.3% previously. Conversely, fixed investment growth saw a significant increase, jumping to 7.2% from the previous 0.1%, and government spending continued to rise, increasing by 0.4% from 0.1%. Net trade did not impact the annual GDP rate as exports and imports both grew by 3.6%, following growth rates of 3.8% and 1.1% in the prior quarter, respectively. On an annual basis, GDP grew by 2.2%, a slight improvement from the 2.1% growth in the third quarter. For the entirety of 2025, the GDP increased by 1.1%, which represents a slowdown from the revised 1.4% growth seen in 2024.