Industrial Production Sees Promising Growth in 2025, Says Statistics Norway
In a positive turn of events for Norway’s economy, industrial production experienced an annual increase of 3.9 percent in 2025, according to recent data released by Statistics Norway (SSB). This upward trend marks a continuation of the steady growth observed in 2023 and 2024, signaling robust activity in various sectors.
However, the landscape is not uniform; significant disparities exist between different industries. Despite these variances, SSB notes that the overarching narrative remains one of strong recovery.
Leading the charge is the computer and electrical equipment sector, which boasted an impressive growth rate of 10.3 percent. Meanwhile, the oil refining, chemical, and pharmaceutical industries also made notable strides, with an increase of 8.2 percent. This is especially significant considering that in 2024, this sector had seen a decline of 5.8 percent.
Much of 2025’s production surge is attributed to the petroleum-oriented supplier industry. Notably, activities surrounding shipbuilding and oil platform construction contributed to a 7.5 percent rise within this category. However, it’s worth mentioning that this sector’s growth began to level off in the latter half of the year after a substantial upturn that commenced in 2022.
Other sectors also recorded positive gains, with the metal goods industry achieving growth rates of 6.5 percent, and machine repair and installation seeing an increase of 3.7 percent.
In contrast, the lumber and wood industries, along with the furniture sector, faced challenges and reported declines. SSB linked this downturn to reduced activity in the construction sector, which struggled overall. Additionally, the fourth quarter of 2025 saw a slight contraction of 0.3 percent in total industrial production compared to the previous quarter.
As the economic landscape continues to evolve, it remains clear that while some sectors thrive, others face significant hurdles.
(© NTB)