Based on the data, household expenditure on transport services in Norway is projected to increase from 6.28 billion Euros in 2024 to 6.91 billion Euros in 2028. This reflects a consistent year-on-year growth, with a compound annual growth rate (CAGR) of approximately 2.43% over the forecast period. In 2023, the actual expenditure stood at an estimated 6.12 billion Euros, indicating a steady upward trend.
Year-on-Year Variation:
• 2024-2025: 2.55%
• 2025-2026: 2.48%
• 2026-2027: 2.42%
• 2027-2028: 2.22%
The last two years have shown a notable increase, and the CAGR of 2.43% over the last five years highlights a stable growth trajectory. Given the consistent rise, future trends to watch include changes in oil prices, advancements in electric vehicle technologies, and policy changes impacting transportation costs. Additionally, economic factors such as inflation and consumer purchasing power will be key influencers on household expenditure in this sector.
