Economic and Financial Data for Norway

The data shown in this page correspond to the data described on the International Monetary Fund's Dissemination Standards Bulletin Board (DSBB). For a fuller explanation of the DSBB and the statistical standards to which Norway has committed, please click on DSBB Home Page. Unless otherwise indicated, the data are not seasonally adjusted and final when first released.

[ Real Sector | Fiscal Sector | Financial Sector | External Sector | Population ]

Updated daily, last updated:Fri Feb 10 10:11:01 CET 2012

SDDS Data Category and Component	Unit Description	Observations

SDDS Data Category and Component	Unit Description	Date of Latest	Latest data	Latest-1 data

Real Sector
National Accounts
Current prices
GDP	Mill.NOK Seasonally adjusted	Q3/11	681 818	668 457
GDP, by expenditure category
Household final consumption expenditure	Mill. NOK Seasonally adjusted	Q3/11	269 249	268 578
Final consumption expenditure of NPISHs	Mill. NOK Seasonally adjusted	Q3/11	13 029	12 913
Final consumption expenditure of general government	Mill. NOK Seasonally adjusted	Q3/11	144 236	143 612
Gross fixed capital formation	Mill. NOK Seasonally adjusted	Q3/11	137 295	134 515
Changes in inventories	Mill. NOK Seasonally adjusted	Q3/11	1 667	22 330
Total exports	Mill. NOK Seasonally adjusted	Q3/11	298 395	271 064
Total imports	Mill. NOK Seasonally adjusted	Q3/11	182 171	184 602
GDP, by area
GDP-Mainland Norway	Mill. NOK Seasonally adjusted	Q3/11	524 216	522 774
Petroleum activities and ocean transport	Mill. NOK Seasonally adjusted	Q3/11	157 602	145 682
Constant prices
GDP	Mill.2009 NOK Seasonally adjusted	Q3/11	606 660	598 130
GDP, by expenditure category
Household final consumption expenditure	Mill.2009 NOK Seasonally adjusted	Q3/11	260 310	259 811
Final consumption expenditure of NPISHs	Mill.2009 NOK Seasonally adjusted	Q3/11	12 186	12 151
Final consumption expenditure of general government	Mill.2009 NOK Seasonally adjusted	Q3/11	135 355	135 044
Gross fixed capital formation	Mill.2009 NOK Seasonally adjusted	Q3/11	132 232	130 086
Changes in inventories	Mill.2009 NOK Seasonally adjusted	Q3/11	6 786	13 098
Total exports	Mill.2009 NOK Seasonally adjusted	Q3/11	239 926	226 872
Total imports	Mill.2009 NOK Seasonally adjusted	Q3/11	180 233	178 978
GDP, by area
GDP-Mainland Norway	Mill.2009 NOK Seasonally adjusted	Q3/11	492 902	488 753
Petroleum activities and ocean transport	Mill.2009 NOK Seasonally adjusted	Q3/11	113 758	109 377
Other items
GNI (Gross National Income)	Mill. NOK	Q3/11	692 142	670 216
Gross saving for Norway	Mill. NOK	Q3/11	235 923	226 987
Production Index
Index of production, extraction of oil and gas, manufacturing, mining and quarrying and electricity supply (volume index)	2005=100 Seasonally adjusted	Dec/11	83.8	85.7
Index of production, construction (volume index)	2005=100 Seasonally adjusted	Q3/11	106.4	106.3
Business Tendency Survey
The industrial confidence indicator (ICI)	Balance Seasonally adjusted	Q4/11	6	5
Employment
Employed persons (LFS)	1000 Seasonally adjusted	Q4/11	2 556	2 548
Unemployment
Unemployed persons (LFS)	1000, Quarterly average Seasonally adjusted	Q4/11	89	84
Unemployed persons (LFS)	Per cent of labour force, Quarterly average Seasonally adjusted	Q4/11	3.4	3.2
Wages and Earnings
Index of average monthly earnings in Oil and gas production, mining and quarrying, preliminary figures	2005=100	Q3/11	130.6	129.8
Index of average monthly earnings in Manufacturing, preliminary figures	2005=100	Q3/11	131.9	130.5
Index of average monthly earnings in Electricity supply, preliminary figures	2005=100	Q2/11	151.1	141.9
Index of average monthly earnings in Water supply, preliminary figures	2005=100	Q2/11	125.9	129.3
Index of average monthly earnings in Construction, preliminary figures	2005=100	Q3/11	125.9	126.2
Index of average monthly earnings in Wholesale and retail trade, preliminary figures	2005=100	Q3/11	127.6	123.9
Index of average monthly earnings in Transport and communication, preliminary figures	2005=100	Q3/11	130.3	128.2
Index of average monthly earnings in Hotels and restaurants, preliminary figures	2005=100	Q3/11	118.0	120.7
Index of average monthly earnings in Information and communication, preliminary figures	2005=100	Q3/11	132.7	133.1
Index of average monthly earnings in Real estate activities, preliminary figures	2005=100	Q3/11	134.7	128.9
Index of average monthly earnings in Professional, scientific and technical activities, preliminary figures	2005=100	Q3/11	127.5	125.0
Index of average monthly earnings in Business servives and real estate, preliminary figures	2005=100	Q3/11	127.8	127.1
Index of average monthly earnings in Education, preliminary figures	2005=100	Q3/11	128.4	126.8
Index of average monthly earnings in Human health and social work activities, preliminary figures	2005=100	Q3/11	130.5	127.1
Index of average monthly earnings in Arts, entertainment and recreation, preliminary figures	2005=100	Q3/11	125.5	124.2
Index of average monthly earnings in Personal service activities, preliminary figures	2005=100	Q3/11	126.9	127.8
Consumer Prices
Consumer Price Index	1998=100 Seasonally adjusted	Jan/12	130.8	130.7
Producer Prices
Commodity Price Index for the industrial sectors, Total index	2000=100	Jan/12	249.50	244.10

SDDS Data Category and Component	Unit Description	Observations
SDDS Data Category and Component	Unit Description	Date of Latest	Latest data	Latest-1 data

Fiscal Sector
General Government Operations¹
Revenue	Mill. NOK, provisional figures	2010	1 423 896	1 345 401
Expenditure	Mill. NOK, provisional figures	2010	1 141 619	1 094 504
Balance, Deficit(-)/Surplus(+)	Mill. NOK, provisional figures	2010	282 278	250 896
Financing by residency
Domestic	Mill. NOK	2010	-46 894	-16 668
* Domestic banks	Mill. NOK	2010	-7 765	2 745
* Domestic non-banks	Mill. NOK	2010	-39 129	-19 414
Foreign	Mill. NOK	2010	-212 978	-239 318
Central Government Operations
Monthly data:
Revenue	Mill. NOK	Dec/11	110 980	119 397
Expenditure	Mill. NOK	Dec/11	95 518	74 320
Surplus before net transfers to the Government Pension Fund - Global	Mill. NOK	Dec/11	15 462	45 077
Financing	Mill. NOK	Dec/11	-15 462	-45 077
Annual data:
Revenue	Mill. NOK	2010	1 064 764	1 051 890
Expenditure	Mill. NOK	2010	892 881	868 653
Surplus before net transfers to the Government Pension Fund - Global	Mill. NOK	2010	171 883	183 237
Financing	Mill. NOK	2010	-171 883	-183 237
Financing by currency and instrument²
* In NOK	Mill. NOK	2010	-171 883	-183 237
** Deposits	Mill. NOK	2010	-204 605	-172 573
*** Deposits with the Government Pension Fund - Global	Mill. NOK	2010	-166 602	-172 573
*** Other deposits	Mill. NOK	2010	-38 003	0
** Loans	Mill. NOK	2010	39 555	-68 835
** Securities other than equity	Mill. NOK	2010	19 753	187 926
*** Short-term securities	Mill. NOK	2010	-12 447	196 577
*** Medium and long term securities	Mill. NOK	2010	32 200	-8 651
** Equity	Mill. NOK	2010	-26 586	-129 755
* In foreign currencies equivalent	Mill. NOK	2010	0	0
Central Government Debt
Total central government debt	Mill. NOK	Q4/11	557 412	609 408
Debt by remaining maturity
Short term	Mill. NOK	Q4/11	347 006	405 002
Medium term	Mill. NOK	Q4/11	60 544	60 544
Long term	Mill. NOK	Q4/11	149 862	143 862
Debt by currency of issue
Norwegian kroner	Mill. NOK	Q4/11	557 412	609 408
Foreign currency	Mill. NOK	Q4/11	0	0
State guarantees
Debt guaranteed by central government	Mill. NOK	Q4/10	109 443	NA

SDDS Data Category and Component	Unit Description	Observations
SDDS Data Category and Component	Unit Description	Date of Latest	Latest data	Latest-1 data

Financial Sector
Analytical Accounts of the Banking Sector
The credit indicator (K2)⁸	Billion NOK, preliminary figures Seasonally adjusted	Dec/11	3 856.2	3 835.0
Money supply (M2)⁸	Billion NOK, preliminary figures Seasonally adjusted	Dec/11	1 694.1	1 704.0
Net claims on central government⁹	Billion NOK, preliminary figures	Dec/11	-120.6	-143.2
External position, net basis¹⁰	Billion NOK, preliminary figures	Dec/11	-187.6	-218.3
Analytical Accounts of the Central Bank
Base money (M0)	Mill. NOK	Nov/11	118 641	128 575
Foreign assets, total	Mill. NOK	Nov/11	3 489 882	3 398 231
Claims on other Norwegian sectors	Mill. NOK	Nov/11	25 807	25 762
Foreign liabilities	Mill. NOK	Nov/11	15 680	27 340
Interest Rates
Interest rate on private banks' sight deposits with Norges Bank (the policy variable rates)	Per cent per annum	Jan/12	1.75	1.99
Interest rate on private banks' overnight loans in Norges Bank (the policy variable rates)	Per cent per annum	Jan/12	2.75	2.99
Government bond yields, 5 years	Per cent per annum	Jan/12	1.58	1.70
Government bond yields, 10 years	Per cent per annum	Jan/12	2.22	2.38
Stock Market
Benchmark Index of Oslo Stock Exchange³	29th Des. 1995=100	Jan/12	395.3	375.7

SDDS Data Category and Component	Unit Description	Observations
SDDS Data Category and Component	Unit Description	Date of Latest	Latest data	Latest-1 data

External Sector
Balance of Payments
Imports of goods and services	Mill. NOK	1-Q3/11	568 198	378 271
Exports of goods and services	Mill. NOK	1-Q3/11	838 783	551 518
Net income receipts	Mill. NOK	1-Q3/11	43 930	20 845
Net receipts from current transfers	Mill. NOK	1-Q3/11	-13 399	-10 479
Current external balance	Mill. NOK	1-Q3/11	301 116	183 613
Changes in net financial assets of Norway	Mill. NOK	1-Q3/11	-11 069	60 264
Norwegian investment abroad	Mill. NOK	1-Q3/11	719 238	350 241
Foreign investment in Norway	Mill. NOK	1-Q3/11	296 809	69 958
International Reserves¹¹
Template
International reserves	Mill. NOK	Jan/12	303 566	294 111
International reserves	Mill. USD	Jan/12	51 820	49 281
Merchandise Trade
Total exports (f.o.b. value)	Mill. NOK, Provisional	Dec/11	81 248	79 913
Total imports (c.i.f value)	Mill. NOK, Provisional	Dec/11	40 280	45 139
International investment position⁴
Total assets	Mill. NOK, preliminary	2010	6 877 469	6 058 847
Direct investment abroad	Mill. NOK, preliminary	2010	1 094 111	976 124
Portfolio investment	Mill. NOK, preliminary	2010	4 281 353	3 757 479
Equity securities	Mill. NOK, preliminary	2010	2 370 483	2 042 731
Debt securities	Mill. NOK, preliminary	2010	1 910 870	1 714 748
Other investment	Mill. NOK, preliminary	2010	1 190 140	1 043 380
Reserve assets	Mill. NOK, preliminary	2010	311 865	281 864
Total liabilities	Mill. NOK, preliminary	2010	4 486 497	4 173 614
Direct investment in Norway	Mill. NOK, preliminary	2010	910 006	857 304
Portfolio investment	Mill. NOK, preliminary	2010	1 964 884	1 730 211
Equity securities	Mill. NOK, preliminary	2010	506 165	442 514
Debt securities	Mill. NOK, preliminary	2010	1 458 719	1 287 697
Other investment	Mill. NOK, preliminary	2010	1 611 607	1 586 099
International investment position, net	Mill. NOK, preliminary	2010	2 390 972	1 885 233
External Debt
External debt Position
Total	Mill. NOK, preliminary	Q3/11	3 815 266	3 474 587
General Government
Total	Mill. NOK, preliminary	Q3/11	653 696	634 740
Short-term
Money market instruments	Mill. NOK, preliminary	Q3/11	68 911	58 326
Short term loan	Mill. NOK, preliminary	Q3/11	134 222	139 942
Other debt liabilities	Mill. NOK, preliminary	Q3/11	111 336	73 946
Long-term
Bonds and notes	Mill. NOK, preliminary	Q3/11	158 477	145 588
Loans	Mill. NOK, preliminary	Q3/11	180 750	216 938
Monetary Authorities
Total	Mill. NOK, preliminary	Q3/11	35 137	46 824
Short-term
Short term loan	Mill. NOK, preliminary	Q3/11	2 888	2 674
Currency and deposits	Mill. NOK, preliminary	Q3/11	5	4
Other debt liabilities	Mill. NOK, preliminary	Q3/11	3 604	12 292
Long-term
Loans	Mill. NOK, preliminary	Q3/11	1 694	6 444
Other debt liabilities	Mill. NOK, preliminary	Q3/11	26 946	25 410
Banks
Total	Mill. NOK, preliminary	Q3/11	1 356 332	1 130 162
Short-term
Money market instruments	Mill. NOK, preliminary	Q3/11	120 924	106 848
Short term loan	Mill. NOK, preliminary	Q3/11	4 562	4 034
Currency and deposits	Mill. NOK, preliminary	Q3/11	871 291	703 149
Other debt liabilities	Mill. NOK, preliminary	Q3/11	108 551	68 415
Long-term
Bonds and notes	Mill. NOK, preliminary	Q3/11	229 585	226 534
Loans	Mill. NOK, preliminary	Q3/11	21 419	21 182
Other sectors
Total	Mill. NOK, preliminary	Q3/11	1 409 691	1 299 827
Short-term
Money market instruments	Mill. NOK, preliminary	Q3/11	10 766	10 409
Loans	Mill. NOK, preliminary	Q3/11	56 753	49 407
Trade credits	Mill. NOK, preliminary	Q3/11	26 821	23 575
Other debt liabilities	Mill. NOK, preliminary	Q3/11	111 935	104 911
Long-term
Bonds and notes	Mill. NOK, preliminary	Q3/11	1 026 272	939 020
Loans	Mill. NOK, preliminary	Q3/11	170 734	170 115
Other debt liabilities	Mill. NOK, preliminary	Q3/11	6 410	2 390
Direct Investment
Total	Mill. NOK, preliminary	Q3/11	360 410	363 034
Exchange Rates⁵
EURO, 6-month forward rate	NOK/EURO	Jan/12	7.73
US dollar, 6-month forward rate	NOK/USD	Jan/12	6.01

SDDS Data Category and Component	Unit Description	Observations
SDDS Data Category and Component	Unit Description	Date of Latest	Latest data	Latest-1 data

Population
Population	1000 persons	Q3/11	4 973 029	4 952 982

SDDS Data Category and Component	Unit Description	Observations
SDDS Data Category and Component	Unit Description	Date of Latest	Latest data	Latest-1 data

Non-SDDS Data
Real Sector, National Accounts
Gross fixed capital formation - Mainland Norway	Mill.2009 NOK Seasonally adjusted	Q3/11	90 689	91 386
Gross fixed capital formation - Manufacturing	Mill.2009 NOK Seasonally adjusted	Q3/11	5 062	4 785
Gross fixed capital formation - oil and gas extraction	Mill.2009 NOK Seasonally adjusted	Q3/11	38 082	34 857
Exports of goods and services excl. crude oil and natural gas, ships and oil platforms	Mill.2009 NOK Seasonally adjusted	Q3/11	72 459	71 954
Imports of goods and services excl. ships and oil platforms	Mill.2009 NOK Seasonally adjusted	Q3/11	112 685	113 164
GDP per capita	NOK	2006	467 915	423 704
Real Sector, Production Index, volume
Extraction of oil and gas	2005=100 Seasonally adjusted	Dec/11	72.7	74.5
Manufacturing	2005=100 Seasonally adjusted	Dec/11	112.7	113.0
Electricity supply	2005=100 Seasonally adjusted	Dec/11	90.3	97.9
Real Sector, Final Investments, current prices
Manufacturing	Mill. NOK Seasonally adjusted	Q3/11	4 746	4 709
Extraction of crude petroleum and natural gas and transport via pipelines	Mill. NOK	Q3/11	38 906	34 642
Real Sector, Business Tendency Survey
Average capacity utilisation (Trend)	Per cent	Q4/11	79.3	79.6
Real Sector, Turnover Index, volume
Retail Trade Sales	2005=100 Seasonally adjusted	Dec/11	120.5	120.9
Index of commodity consumption	1995=100 Seasonally adjusted	Dec/11	117.9	118.1
Real Sector, Employees and unemployment
Employed persons (LFS)	1000, Three-month moving average Seasonally adjusted	Nov/11	2 556	2 548
Unemployed persons (LFS)	Per cent of labour force, Three-month moving average Seasonally adjusted	Nov/11	3.4	3.4
Unemployed persons, labour office registrations	1000 Seasonally adjusted	Jan/12	64.3	68.3
Unemployed persons, incl. persons on gov. measures to promote employment, labour office registrations	1000 Seasonally adjusted	Jan/12	82.2	84.9
Real Sector, Wages and Earnings
Index of average basic salaries in Oil and gas production, mining and quarrying, preliminary figures	2005=100	Q3/11	133.9	131.5
Index of average basic salaries in Manufacturing, preliminary figures	2005=100	Q3/11	131.3	128.6
Index of average basic salaries in Electricity supply, preliminary figures	2005=100	Q2/11	139.2	139.1
Index of average basic salaries in Water supply, preliminary figures	2005=100	Q2/11	126.3	125.3
Index of average basic salaries in Construction, preliminary figures	2005=100	Q3/11	129.2	126.9
Index of average basic salaries in Wholesale and retail trade, preliminary figures	2005=100	Q3/11	126.1	125.0
Index of average basic salaries in Transport and communication, preliminary figures	2005=100	Q3/11	132.0	129.5
Index of average basic salaries in Hotels and restaurants, preliminary figures	2005=100	Q3/11	123.5	122.6
Index of average basic salaries in Information and communication, preliminary figures	2005=100	Q3/11	132.6	129.9
Index of average basic salaries in Real estate activities, preliminary figures	2005=100	Q3/11	129.3	127.8
Index of average basic salaries in Professional, scientific and technical activities, preliminary figures	2005=100	Q3/11	129.7	128.3
Index of average basic salaries in Business servives and real estate, preliminary figures	2005=100	Q3/11	128.0	127.9
Index of average basic salaries in Education, preliminary figures	2005=100	Q3/11	128.9	125.9
Index of average basic salaries in Human health and social work activities, preliminary figures	2005=100	Q3/11	133.4	130.3
Index of average basic salaries in Arts, entertainment and recreation, preliminary figures	2005=100	Q3/11	125.5	122.0
Index of average basic salaries in Personal service activities, preliminary figures	2005=100	Q3/11	127.4	128.4
Real Sector, Consumer Prices
CPI-ATE	1998=100 Seasonally adjusted	Jan/12	122.1	121.9
Real Sector, House Price Index
House Price Index	2005=100	Q4/11	151.7	152.3
Real Sector, Producer Prices
Price Index of first-hand domestic sales	2000=100	Jan/12	144.6	143.3
Real Sector, Tourism
Hotels and similar establishments. Number of guest-nights	1000 Seasonally adjusted	Dec/11	1 602	1 618
Financial Sector, Interest Rates
Euro-krone rate (NIBOR), 3-months	Per cent	Week6	2.68	2.69
Interest rates on Norwegian Treasury bills with a residual maturity of 3-6 months, nominal yields	Per cent	Oct/05	2.20	2.11
The private banks' deposit rate (average)	Per cent	Q3/11	2.48	2.32
The private banks' lending rate (average)	Per cent	Q3/11	4.89	4.67
External Sector, Balance of payments
Current account balance	Billion NOK	Q3/11	118	100
External Sector, Merchandise Trade
Exports of goods excl. ships and oil platforms	Mill. NOK, Provisional Seasonally adjusted	Dec/11	77 156	75 488
Exports of goods excl. crude oil and natural gas, ships, oil platforms	Mill. NOK, Provisional Seasonally adjusted	Dec/11	30 932	29 799
Exports of crude oil and natural gas	Mill. NOK, Provisional Seasonally adjusted	Dec/11	47 038	45 540
Imports of goods excl. ships and oil platforms	Mill. NOK, Provisional Seasonally adjusted	Dec/11	41 949	41 094
External Sector, Exchange Rates
EURO, mid spot rate	NOK/EURO	Jan/12	7.68
US dollar, mid spot rate	NOK/USD	Jan/12	5.95
EURO, 3-month forward rate	NOK/EURO	Jan/12	7.70
US dollar, 3-month forward rate	NOK/USD	Jan/12	5.98
Population, Sickness absence
Sickness absence	Per cent	Q4/08	7.0	6.9

¹ A flexibility option on timeliness is taken for this category. ² From 2006, a flexibility option is no longer taken for this category. ³ Daily data are posted on Statistics Norway's Internet websites through a hyperlink to Oslo Stock Exchange's Internet website. ⁴ Provisional data. For debt figures the principle of valuation is own funds at book value. ⁵ Daily data for the spot exchange rates are available at Norges Bank ⁶ The data are provisional when first released. ⁷ Basic salary at the end of the quarter. ⁸ For details, see the metadata pages on Credit Indicator and Money Supply, which also describes the calculations of % changes/growth rates. ⁹ Central government comprises central government and social security administration and state lending institutions. ¹⁰ Includes Norges Bank (exclusive Government Petroleum Fond), commercial banks and savings banks. ¹¹ Including financial derivatives.