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Norway Output Gap, Percent of Potential GDP Statistics

27, May 2012, CEST. Welcome to the beta version of Econ Stats, the Economic Statistics Database service provided by EconomyWatch.com.

Country or Region: Norway › Change country
Economic Indicator: Output Gap, Percent of Potential GDP › See all Norway indicators, › See Output Gap, Percent of Potential GDP data for all countries
Detailed Analysis for Year: 2010 › Change year
Full Dataset: from 1980 to 2016
Dataset updated: 1st August 2011
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Norwegian Krone
Currency Symbol: NOK

Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty. See notes for: Gross domestic product, constant prices (National currency).

Output Gap, Percent of Potential GDP Statistics for Norway , Year 2010 - In Detail

Output Gap, Percent of Potential GDP for Norway in year 2010 is -0.868 %

This makes Norway No. 4 in world rankings according to Output Gap, Percent of Potential GDP in year 2010. The world's average Output Gap, Percent of Potential GDP value is -0.36 %; Norway is 0.51 less than the average.

In the previous year, 2009, Output Gap, Percent of Potential GDP for Norway was -0.68 % Output Gap, Percent of Potential GDP for Norway in 2010 was or will be 28.02% more than it was or will be in 2009.

In the following or forecasted year, 2011, Output Gap, Percent of Potential GDP for Norway was or will be -0.26 %, which is 69.59% less than the 2010 figure.

* Source: IMF
Output Gap, Percent of Potential GDP for Norway, in other Years
Year %
  2016 n/a
  2015 n/a
  2014 n/a
  2013 n/a
  2012 0.218
  2011 -0.264
2010 -0.868
  2009 -0.678
  2008 2.694
  2007 3.492
  2006 0.978
  2005 -0.861
  2004 -2.351
  2003 -3.581
  2002 -1.835
  2001 -0.178
  2000 0.888
  1999 1.138
  1998 1.768
  1997 0.91
  1996 -0.962
  1995 -1.854
  1994 -2.178
  1993 -2.891
  1992 -3.149
  1991 -3.448
  1990 -2.89
  1989 -2.025
  1988 1.185
  1987 3.989
  1986 4.362
  1985 2.7
  1984 -0.987
  1983 -2.477
  1982 -2.28
  1981 -0.478
  1980 0.032