Norway Private Consumption: % of GDP

Key information about Norway Private Consumption: % of GDP

• Norway Private Consumption accounted for 39.1 % of its Nominal GDP in Dec 2024, compared with a ratio of 39.3 % in the previous quarter.
• Norway Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1978 to Dec 2024, with an average share of 45.0 %.
• The data reached an all-time high of 53.2 % in Dec 1986 and a record low of 28.5 % in Sep 2022.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Statistics Norway provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Norway Private Consumption: % of GDP

• In the latest reports, Norway GDP expanded 2.4 % YoY in Mar 2023.
• Its Nominal GDP reached 128.6 USD bn in Mar 2023.
• Norway GDP Per Capita reached 106,110.7 USD in Dec 2022.
• Its Gross Savings Rate was measured at 39.1 % in Dec 2024.

View Norway's Private Consumption: % of GDP from Mar 1978 to Dec 2024 in the chart:

What was Norway's Private Consumption: % of GDP in Dec 2024?

Norway Private Consumption accounted for 39.1 % of its Nominal GDP in Dec 2024, compared with a ratio of 39.3 % in the previous quarter. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
39.1 Dec 2024	39.3 Sep 2024	28.5 Sep 2022	53.2 Dec 1986	%	quarterly	Mar 1978 - Dec 2024

Private Consumption: % of GDP by Country Comparison

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