In 2023, the output of agricultural products and livestock in Norway stood at approximately 43.4 billion Norwegian Krones. Based on the forecasted data, there is a consistent year-on-year increase in the output value from 2024 to 2028. Specifically, the output is expected to increase by 2.06% in 2024, 2.06% in 2025, 1.99% in 2026, 1.93% in 2027, and 1.89% in 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) averages at 1.98%.

Future trends to watch for:

Technological advancements in agriculture, potentially increasing efficiency and output.
Impact of climate change on agricultural productivity and livestock health.
Changes in policy and regulation affecting farming practices and economic conditions.
Shifts in consumer preferences towards organic and sustainable products.