Minifacts about Norway 2012

 

12. The economy



Gross domestic product, by main activity
  1990 2010*
  NOK mill. Per cent NOK mill. Per cent
Gross domestic product  736 289  100.0 2 523 226  100.0
         
Agriculture 14 232 1.9 11 294 0.4
Forestry 3 725 0.5 6 128 0.2
Fishing and fish farming 4 392 0.6 21 350 0.8
Oil and natural gas activity 87 597 11.9  499 208 19.8
Production of crude oil and natural gas 85 727 11.6  455 040 18.0
Services to the oil and gas sector 1 870 0.3 44 168 1.8
         
Mining and quarrying 1 730 0.2 4 121 0.2
         
Manufacturing 74 361 10.1  175 093 6.9
Electricity and water supply 21 723 3.0 69 380 2.7
Construction 28 993 3.9  129 126 5.1
Domestic trade 72 428 9.8  174 529 6.9
Hotels and restaurants 9 404 1.3 29 699 1.2
Pipeline operations 7 803 1.1 17 824 0.7
Transport 26 075 3.5 56 699 2.2
Post and distribution services 4 925 0.7 10 482 0.4
Information and communications 23 716 3.2 82 821 3.3
Shipping 17 799 2.4 25 756 1.0
International shipping 16 005 2.2 21 180 0.8
Domestic shipping 1 794 0.2 4 576 0.2
Financial services and insurance 33 711 4.6  104 293 4.1
Housing services 43 936 6.0 99 204 3.9
Business services 30 870 4.2  223 121 8.8
Other private services 27 929 3.8  100 949 4.0
         
Public services  117 500 16.0  399 767 15.8
Correction items1  83 440 11.3  282 382 11.2
1  Value-added and investment taxes, other product taxes, net and statistical deviations.
Source: Statistics Norway.
More information: http://www.ssb.no/nr_en/

Gross domestic product per capita, selected countries (current PPP USD)1 . 2010



1 PPP = Purchasing power parity.
Source:  OECD.
More information:  http://www.oecd.org/

Gross national product per capita, current and constant prices. NOK



Source:  Statistics Norway.
More information:  http://www.ssb.no/nr_en/

Government Pension Fund Global1 as of 31 December



1 Formerly the Norwegian Petroleum Fund.
Source:  Norges Bank (Norway's central bank).
More information:  http://www.nbim.no/

Gross public debt, per cent of gross domestic product in selected countries, according to Maastricht definition1 . 2009



1 Gross public debt omits internal debt between units of public administration. The Maastricht definition indicates that the gross public debt must not exceed 60 per cent of GDP.
2 Divergent definition used - SNA 1993 (ESA 1995) instead of Maastricht definition.
Source:  Statistics Norway, Eurostat and OECD.
More information:  http://ec.europa.eu/eurostat/ and http://www.oecd.org/

Central government revenues and expenditures. NOK bill.
  2000 2005 2010
A. Revenues, total (A1+A2)  709.2  949.3 1 217.3
A1. Revenues, excluding petroleum activity  513.0  652.8  925.7
Taxes and fees from mainland Norway  303.6  370.2  510.8
Social security and pension premiums  132.6  173.8  243.8
Property income 50.6 82.6  140.2
Transfers 14.1 6.2 5.4
Capital income 1.3 1.8 2.4
Fee-based revenues 10.8 18.2 23.0
A2. Revenues from petroleum activity  196.2  296.6  291.6
Taxes from petroleum activity 99.1  188.9  178.6
Other petroleum revenues 97.1  107.7  113.1
       
B. Total expenditures (B1)  476.4  654.4  906.8
B1. Expenditures  476.4  654.4  906.8
General public services 95.1  115.0  176.0
Defence 27.9 29.8 37.4
Public order and safety 12.6 14.9 20.7
Business development 57.1 62.1 79.4
Environmental protection 2.0 2.4 3.0
Housing and community 1.1 1.1 1.4
Health 46.0  104.1  138.0
Recreation, cultural affairs and religion 6.1 8.6 12.7
Education 32.3 41.1 50.2
Social security services  196.2  275.3  388.0
       
C. Net financial investment (A-B)  232.8  294.9  310.5
Source: Statistics Norway.
More information: http://www.ssb.no/offinnut_en/