In 2023, the production value of passenger air transport in Norway stood at 5.31 billion Euros. From 2024 onwards, this value is forecasted to grow annually, reaching 5.48 billion Euros in 2024, 5.65 billion Euros in 2025, 5.82 billion Euros in 2026, 5.99 billion Euros in 2027, and 6.16 billion Euros in 2028. The year-on-year percentage variations indicate a consistent growth trajectory, demonstrating a robust and steady increase in production value. Comparing the values from 2023 to 2024 shows a noticeable uptick, suggesting an optimistic market outlook.
The year-on-year growth from 2024 to 2025 is approximately 3.1%, from 2025 to 2026 around 3.0%, from 2026 to 2027 about 2.9%, and from 2027 to 2028 nearly 2.8%. The compound annual growth rate (CAGR) over this 5-year period averages about 3.0%, indicating sustained market resilience and gradual recovery from any previous market disruptions.
Future trends to watch for include advancements in green aviation technology, post-pandemic travel behavior shifts, potential regulatory impacts, and increased competition from other transportation modalities. Monitoring these factors will be crucial for understanding the longer-term trajectory of Norway's passenger air transport sector.
