In 2023, international tourism expenditures for travel items in Norway stood at 17.300 billion USD. The forecasted data for the subsequent years is as follows: 17.553 billion USD in 2024, 17.807 billion USD in 2025, 18.057 billion USD in 2026, 18.305 billion USD in 2027, and 18.551 billion USD in 2028.
Year-on-year variations over the last two years show consistent growth:
- 2024 compared to 2023: +1.46%
- 2025 compared to 2024: +1.45%
- 2026 compared to 2025: +1.39%
- 2027 compared to 2026: +1.37%
- 2028 compared to 2027: +1.34%
The Compound Annual Growth Rate (CAGR) over the five-year forecasted period (2024-2028) is approximately +1.40%.
Future trends to watch for include:
- The impact of global economic conditions on travel expenditures.
- The effect of potential changes in international travel policies.
- Technological advancements that may influence travel behaviors and expenditure patterns.
- Environmental and sustainability considerations affecting tourism preferences and spending.
