Economic Outlook No 117: Private final consumption … Private volume in Norway
Norway: Economic Outlook No 117: Private final consumption … Private volume was 2.21 in 2026. ◆ Volatile
Economic Outlook No 117 — Private final consumption expenditure in Norway, 1961–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
In 2026, economic outlook no 117 — private final consumption expenditure in Norway stood at 2.21.
Compared with earlier readings it is down 18.6% on the previous year and up 96.4% over ten years.
Over the whole period, economic outlook no 117 — private final consumption expenditure in Norway peaked at 9.23 in 1985 and was at its lowest, -6.22, in 2020.
That places Norway 14th out of 38 countries with data for 2026, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 117: Private final consumption … Private volume in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 5.83 | — |
| 1962 | 3.08 | -47.2% |
| 1963 | 3.39 | +10.1% |
| 1964 | 3.74 | +10.3% |
| 1965 | 2.46 | -34.1% |
| 1966 | 3.59 | +46.0% |
| 1967 | 3.84 | +6.8% |
| 1968 | 3.67 | -4.3% |
| 1969 | 7.67 | +109.0% |
| 1970 | -0.0095 | -100.1% |
| 1971 | 5.58 | -58633.6% |
| 1972 | 2.74 | -50.9% |
| 1973 | 3.54 | +29.0% |
| 1974 | 2.97 | -16.1% |
| 1975 | 5.46 | +84.0% |
| 1976 | 6 | +9.8% |
| 1977 | 6.32 | +5.5% |
| 1978 | -1.68 | -126.6% |
| 1979 | 4.2 | -349.9% |
| 1980 | 2.07 | -50.7% |
| 1981 | 0.3022 | -85.4% |
| 1982 | 1.12 | +271.1% |
| 1983 | 1.98 | +76.6% |
| 1984 | 3.19 | +61.2% |
| 1985 | 9.23 | +189.1% |
| 1986 | 5.05 | -45.3% |
| 1987 | -0.6172 | -112.2% |
| 1988 | -2.11 | +242.1% |
| 1989 | -0.6114 | -71.0% |
| 1990 | 0.6926 | -213.3% |
| 1991 | 2.08 | +200.9% |
| 1992 | 2.36 | +13.4% |
| 1993 | 2.27 | -3.9% |
| 1994 | 3.39 | +49.5% |
| 1995 | 3.61 | +6.4% |
| 1996 | 6.32 | +75.0% |
| 1997 | 3.12 | -50.6% |
| 1998 | 2.83 | -9.4% |
| 1999 | 3.73 | +32.0% |
| 2000 | 4.17 | +11.7% |
| 2001 | 2.06 | -50.5% |
| 2002 | 3.14 | +52.0% |
| 2003 | 3.19 | +1.8% |
| 2004 | 5.45 | +70.7% |
| 2005 | 4.4 | -19.2% |
| 2006 | 4.96 | +12.7% |
| 2007 | 5.31 | +7.0% |
| 2008 | 1.68 | -68.4% |
| 2009 | 0.0304 | -98.2% |
| 2010 | 3.81 | +12422.4% |
| 2011 | 2.36 | -37.9% |
| 2012 | 3.5 | +48.1% |
| 2013 | 2.81 | -19.7% |
| 2014 | 2.07 | -26.3% |
| 2015 | 2.71 | +30.8% |
| 2016 | 1.12 | -58.5% |
| 2017 | 2.24 | +99.3% |
| 2018 | 1.43 | -36.0% |
| 2019 | 1.02 | -28.7% |
| 2020 | -6.22 | -708.4% |
| 2021 | 5.1 | -181.9% |
| 2022 | 7.84 | +53.7% |
| 2023 | -1.23 | -115.7% |
| 2024 | 1.16 | -194.0% |
| 2025 | 2.71 | +133.8% |
| 2026 | 2.21 | -18.6% |
Norway compared with similar countries
- Norway's 2.21 is above the median for high income countries, which is 1.69, 1.3× the median. (29 countries reporting)
- Norway's 2.21 is above the median for Europe & Central Asia, which is 1.69, 1.3× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Economic Outlook No 117: Private final consumption … Private volume in Norway changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1971 | +58633.6% | -0.0095 | 5.58 |
| 2010 | +12422.4% | 0.0304 | 3.81 |
| 2020 | -708.4% | 1.02 | -6.22 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.14 | 2.46 | 7.67 | 9 |
| 1970s | 3.51 | -1.68 | 6.32 | 10 |
| 1980s | 1.96 | -2.11 | 9.23 | 10 |
| 1990s | 3.04 | 0.6926 | 6.32 | 10 |
| 2000s | 3.44 | 0.0304 | 5.45 | 10 |
| 2010s | 2.31 | 1.02 | 3.81 | 10 |
| 2020s | 1.65 | -6.22 | 7.84 | 7 |
Countries ranked near Norway
More economy & growth data for Norway
- Real gdp growth, annual growth rate -23.81 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.7416 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.42 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.48 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0142 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,340 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.4463 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0103 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 978.78 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.99 % change on previous year (2025)
Frequently asked questions
- What is economic outlook no 117 — private final consumption expenditure in Norway?
- Economic outlook no 117 — private final consumption expenditure in Norway was 2.21 in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — private final consumption expenditure recorded in Norway?
- The highest recorded value was 9.23 in 1985.
- What is the lowest economic outlook no 117 — private final consumption expenditure recorded in Norway?
- The lowest recorded value was -6.22 in 2020.
- How does Norway rank for economic outlook no 117 — private final consumption expenditure?
- Norway ranks 14th out of 38 countries with data for 2026.
- Is economic outlook no 117 — private final consumption expenditure rising or falling in Norway?
- Over the last ten years it is up 96.4%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook No 117 — Private final consumption expenditure, volume, growth. Statizoid updates them automatically from the source API.
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About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact : eco.outlook@oecd.org Keywords : Outlook, forecasts, forecast, GDP