logo
Plus   Neg
Share
Email

Norway GDP Remains Flat In Q3

Norway's economy logged nil growth in the third quarter, data from Statistics Norway showed Tuesday.

Gross domestic product remained flat from the previous quarter, following a 0.1 percent rise in three months to August. GDP advanced 0.2 percent in the second quarter.

At the same time, the Mainland Norway registered a steady sequential growth of 0.7 percent in the third quarter.

Data showed that household consumption grew 0.4 percent. Excluding car sales, consumption of goods gained 0.7 percent.

Government expenditure increased 0.9 percent and gross fixed capital formation advanced 4.8 percent.

Exports declined 2.2 percent as routine maintenance work weighed on shipment of natural gas shipments. Meanwhile, imports grew 1.2 percent in the third quarter driven by services.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT
>