In 2023, Norway's agricultural output production stood at 6.05 billion Euros. The forecasted data from 2024 to 2028 show a steady increase in agricultural output from 6.14 billion Euros to 6.45 billion Euros. This demonstrates a consistent year-on-year growth, with Norway's agricultural output seeing annual increases. Specifically, each subsequent year is expected to grow by approximately 1.3% from 2024 to 2025, 1.29% from 2025 to 2026, 1.11% from 2026 to 2027, and 1.26% from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) is anticipated to be around 1.26%.
Future trends to watch for include advancements in agricultural technology, climate change impacts, policy changes regarding agricultural subsidies, and shifts in global market demand for Norwegian agricultural products. These factors could influence the forecasted growth and potentially lead to higher or lower production levels than currently anticipated.
