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:
- 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.
- 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.
- 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.
- 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.
- Conclusion:
- Overall, 2021 showcased a resilient economic recovery across Norway’s counties, driven by diverse sectors and adaptability to pandemic challenges.