In light of the coronavirus outbreak, a decrease in services in the hotel and restaurant industry in Norway is expected to have negative consequences for the growth of the Norwegian gross domestic product (GDP). If hotel and restaurant services in Norway experience losses of ten billion Norwegian kroner, the GDP is expected to decrease by 8.7 billion kroner, according to a recent forecast from April 2020. Moreover, hotel and restaurant services are expected to decrease by 4.1 billion Norwegian kroner.
Growth forecast of the gross product in Norway, if the hotel and restaurant industry experience a loss of 10 billion NOK, by industries
(in billion NOK)
Characteristic
Projected change in billion NOK
GDP
-8,730
Sum mainland GDP
-6,576
Hotel and restaurant services
-4,120
Levies etc.
-2,154
Import
-1,270
Properties
-685
Trade of goods
-283
Food industry
-207
Primary sector
-185
Power supply
-130
Construction
-98
Other services
-748
Other industry
-120
-10,000-8,000-6,000-4,000-2,0000
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Statistics Norway. (April 8, 2020). Growth forecast of the gross product in Norway, if the hotel and restaurant industry experience a loss of 10 billion NOK, by industries (in billion NOK) [Graph]. In Statista. Retrieved March 07, 2025, from https://www.statista.com/statistics/1110580/forecasted-impact-of-covid-19-on-the-economy-in-norway/
Statistics Norway. "Growth forecast of the gross product in Norway, if the hotel and restaurant industry experience a loss of 10 billion NOK, by industries (in billion NOK)." Chart. April 8, 2020. Statista. Accessed March 07, 2025. https://www.statista.com/statistics/1110580/forecasted-impact-of-covid-19-on-the-economy-in-norway/
Statistics Norway. (2020). Growth forecast of the gross product in Norway, if the hotel and restaurant industry experience a loss of 10 billion NOK, by industries (in billion NOK). Statista. Statista Inc.. Accessed: March 07, 2025. https://www.statista.com/statistics/1110580/forecasted-impact-of-covid-19-on-the-economy-in-norway/
Statistics Norway. "Growth Forecast of The Gross Product in Norway, If The Hotel and Restaurant Industry Experience a Loss of 10 Billion Nok, by Industries (in Billion Nok)." Statista, Statista Inc., 8 Apr 2020, https://www.statista.com/statistics/1110580/forecasted-impact-of-covid-19-on-the-economy-in-norway/
Statistics Norway, Growth forecast of the gross product in Norway, if the hotel and restaurant industry experience a loss of 10 billion NOK, by industries (in billion NOK) Statista, https://www.statista.com/statistics/1110580/forecasted-impact-of-covid-19-on-the-economy-in-norway/ (last visited March 07, 2025)
Growth forecast of the gross product in Norway, if the hotel and restaurant industry experience a loss of 10 billion NOK, by industries (in billion NOK) [Graph], Statistics Norway, April 8, 2020. [Online]. Available: https://www.statista.com/statistics/1110580/forecasted-impact-of-covid-19-on-the-economy-in-norway/
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