empty
 
 

2024.01.1607:26:00UTC+00Mainland Norway's GDP Shrinks 0.2%

The Mainland Norwegian?economy?contracted as expected in November amid a decline in electricity production and fishing, Statistics Norway reported Tuesday.

Gross domestic product fell a seasonally adjusted 0.2 percent month-on-month in November, in contrast to a 0.3 percent increase in October.

Meanwhile, overall GDP growth eased to 1.2 percent in November from 2.2 percent a month ago.

A downturn in electricity as well as in fishing contributed the most to the decline in GDP on Mainland Norway in November, the agency said.

The gross product within the oil and gas extraction industry, including services, grew by 6.4 percent.

On the expenditure side, household consumption remained unchanged from last month, while government consumption rose by 0.2 percent.

Gross fixed capital formation logged a strong rebound of 1.7 percent. Exports climbed 0.3 percent, while imports slid by 0.7 percent.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback