Norway Output Gap, Percent of Potential GDP Statistics

09, Dec 2019, EST.

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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: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
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 2015 - In Detail

Output Gap, Percent of Potential GDP for Norway in year 2015 is -0.7 %. 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.

This makes Norway No. 9 in world rankings according to Output Gap, Percent of Potential GDP in year 2015. The world's average Output Gap, Percent of Potential GDP value is -0.23 %; Norway is 0.47 less than the average.

In the previous year, 2014, Output Gap, Percent of Potential GDP for Norway was -0.05 % Output Gap, Percent of Potential GDP for Norway in 2015 was or will be 1.00% more than it was or will be in 2014.

In the following or forecasted year, 2016, Output Gap, Percent of Potential GDP for Norway was or will be -1.20 %, which is 71.43% more than the 2015 figure.

* Source: IMF
Output Gap, Percent of Potential GDP for Norway, in other Years
Year %
  2021 n/a
  2020 n/a
  2019 n/a
  2018 n/a
  2017 -1
  2016 -1.2
2015 -0.7
  2014 -0.05
  2013 0
  2012 0.16
  2011 -0.903
  2010 -1.281
  2009 -1.096
  2008 1.206
  2007 2.296
  2006 1.088
  2005 0.58
  2004 0.045
  2003 -1.632
  2002 -0.387
  2001 0.44
  2000 0.951
  1999 0.436
  1998 1.424
  1997 2.054
  1996 0.426
  1995 -0.737
  1994 -0.995
  1993 -2.181
  1992 -1.434
  1991 -1.743
  1990 -1.988
  1989 -1.441
  1988 0.435
  1987 3.501
  1986 2.648
  1985 1.315
  1984 -1.086
  1983 -2.186
  1982 -1.765
  1981 0.12
  1980 0.634