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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway GDP Growth Mainland QoQ held to 0.2% in Q1 2026
FMPQuarterlyReleased May 2026
Norway GDP Growth Mainland QoQ held to 0.2% in Q1 2026, released May 2026. The reading missed the 0.3% consensus by 0.1%. The print is running well below the 12-month average of 0.28%.
Latest Release
0.2
Actual
0.3
Consensus
0.2
Previous
Median Absolute Error
±0.13 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 0.3
Actual: 0.2
Error: +0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/NOK | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/NOK | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Mainland QoQ (Norway) was reported at 0.2% in May 2026. This missed the market consensus of 0.3% by 0.1%. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.3%, down from the prior three at 0.57%. In May readings over the past 3 years, GDP Growth Mainland QoQ has averaged 0.43%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/NOK (Bullish NOK). A secondary relationship exists with EUR/NOK, negatively correlated (Bullish NOK). Over the last 12 releases, the Sigmacast model's median absolute error is 0.13%.
WHAT TO WATCH NEXT
The next release is scheduled for August 21, 2026. Same-country events in the next 14 days include Interest Rate Decision (Aug 13).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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GDP Growth Mainland QoQ - NO
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About GDP Growth Mainland QoQ — Norway
DEFINITION
GDP Growth Mainland QoQ is a key economic indicator that measures the quarterly change in the gross domestic product (GDP) of a country's mainland, excluding the impact of international trade and investment. It provides valuable insights into the overall health and growth of a country's economy, serving as a crucial tool for policymakers, investors, and businesses to make informed decisions. A positive QoQ growth in GDP Mainland indicates a strong and expanding economy, while a negative growth suggests a slowdown or contraction.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 0.2 %, consensus 0.3 %. Prior reading (Jan 2026): 0.3 %. Before that (Oct 2025): 0.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/NOK (Bullish NOK, r=-0.50) — a useful reference for forex-focused traders.
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Economic Calendar - NO Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | NO | Unemployed Persons | 62.1 | 61.7 | 61.6 | 61.85 | Low |
| 06:00 | NO | Loan Growth YoY | 4.4 | 4.5 | 4.5 | 4.45 | Low |
| 06:00 | NO | Registered Jobless Rate | 2.1 | 1.9 | 2.1 | 2.10 | Low |
| 06:00 | NO | Unemployment Rate n.s.a | 2.1 | 1.9 | 2.1 | 2.10 | Low |