Robust Economic Recovery Across Norwegian Counties in 2021

In 2021, all Norwegian counties experienced substantial economic rebound, offsetting much of the previous year’s downturn due to the COVID-19 pandemic.

Key Points:

  1. Growth Leaders:
    • Møre og Romsdal led with 7.1% growth.
    • Vestfold og Telemark, Troms og Finnmark, and Agder followed with 5-6% growth.
    • Viken and Innlandet had weaker growth at 2.2% and 3.6%, respectively.
  2. Economic Trends:
    • All counties showed a similar recovery in sectors hit hard by the pandemic.
    • Variations existed, such as the weaker performance of Oslo’s restaurant industry.
  3. Sectoral Highlights:
    • Oslo’s diverse economy led to 4.3% growth despite challenges.
    • Strong growth in aquaculture boosted Møre og Romsdal.
    • Oil-related services contributed significantly to Rogaland and Vestland.
  4. Price Inflation Impact:
    • High global demand and supply issues led to price hikes in critical raw materials.
    • Counties with significant electricity production and raw material industries benefited.
  5. Conclusion:
    • Overall, 2021 showcased a resilient economic recovery across Norway’s counties, driven by diverse sectors and adaptability to pandemic challenges.