Commodity market report

Norway economic outlook Q2 2015

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Report summary

Oil and gas is an important sector in the Norwegian economy. More than a fifth of Norway's Gross Value Added is generated from oil and gas extraction and related services. Lower oil prices will slow economic growth to 0.5% in 2015, from 2.2% last year. Over the longer term Norway will need to further diversify from hydrocarbons. Post-2020, declining investment in the upstream sector, lower production and exports of natural gas and crude oil will weigh on GDP.

What's included

This report contains

  • Document

    Norway economic outlook Q2 2015

    PDF 369.47 KB

  • Document

    Norway economic outlook Q2 2015

    ZIP 416.85 KB

  • Document

    Country economic data Norway Q2 2015.xls

    XLS 138.00 KB

  • Document

    Executive summary

    PDF 77.44 KB

  • Document

    Market structure

    PDF 105.42 KB

  • Document

    Policy and regulation

    PDF 109.12 KB

  • Document

    Economic outlook

    PDF 94.74 KB

  • Document

    Risks and uncertainties

    PDF 56.36 KB

Table of contents

  • Executive summary
  • Market structure
  • Policy and regulation
  • Economic outlook
  • Risks and uncertainties

Tables and charts

This report includes 12 images and tables including:


  • Gross value added by sector
  • GDP by expenditure
  • Exports by product
  • Fiscal balance and government debt
  • Sovereign wealth
  • Current account balance
  • Foreign exchange reserves
  • Upstream revenue
  • Upstream oil and gas capex
  • GDP growth
  • Population


  • Economic indicators

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