Impact of COVID-19 on economy in Norway 2020-2022

Due to the coronavirus (COVID-19) outbreak in 2020, many Norwegian companies stated that they have experienced lower demand and cancellations. This is the result of a survey among member companies of the Confederation of Norwegian Enterprise (NHO), conducted regularly. In March 2020, 68 percent experienced lower demand or cancellations, which had sunk to 49 percent in January 2021. Furthermore, there was an improvement of the situation over the summer of 2021, with fewer companies in risk of bankruptcies, fewer companies experiencing liquidity problems, and fewer experiencing a lower turnover than usual. However, in December 2021, these numbers increased again after COVID-19-cases started to increase again over the winter.

The first case of COVID-19 in Norway was confirmed on February 26, 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.