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2015-06-03T10:00:00.000Z
National accounts and business cycles
en
National accounts and business cycles

Key figure page

Key figures for national accounts

The national accounts show the overall figures for a country’s economy. The gross domestic product (GDP) is one of several indicators of the economic situation in a country. The national accounts are used for measuring developments over time and for making international comparisons.

Quarterly national accounts. Percentual change (volume/fixed prices) from previous quarter (seasonally-adjusted growth)
3rd quarter 2016 4th quarter 2016 1st quarter 2017 2nd quarter 2017
Gross domestic product (GDP) -0.5 1.3 0.2 1.1
GDP for mainland Norway 0.1 0.3 0.7 0.7
Consumption in household sector 0.5 0.8 0.6 1.2
Gross investment in fixed capital 4.0 -1.0 -0.6 3.2
Extraction and pipeline transport -0.4 -0.9 0.9 1.8
Housing (households) 2.8 2.8 2.5 1.8
Total export 1.3 1.2 -0.9 1.0
Export of traditional goods -0.3 -7.3 6.0 3.0
Total import 2.5 0.5 4.3 -0.4
Employment 0.2 0.2 0.1 0.4
Annual national accounts
Unit Current prices Change in volume, per cent, from previous year
2016 2015 2016 2015 2014
1Current prices also for change in per cent. Change is here shown in percentage points.
Gross domestic product (GDP) NOK billion 3 117 3 118 1.1 2.0 2.0
GDP for mainland Norway NOK billion 2 717 2 621 1.0 1.4 2.2
Consumption in household sector NOK billion 1 343 1 354 1.5 2.3 1.8
Gross investment in fixed capital NOK billion 750 741 -0.2 -4.0 -0.3
Extraction and pipeline transport NOK billion 165 202 -16.9 -12.2 -1.8
Housing (households) NOK billion 185 166 9.0 3.2 -1.4
Total export NOK billion 1 064 1 176 -1.8 4.7 3.1
Export of traditional goods NOK billion 356 374 -8.2 6.9 3.1
Total import NOK billion 1 037 1 001 2.3 1.6 2.4
Employment 1 000 persons 2 764 2 757 0.3 0.4 1.2
Annual earnings NOK 1 000 528.7 519.8 1.7 2.8 3.1
 
2016 2015 2016 2015 2014
Disposable income for Norway NOK billion 2 660 2 667 -0.2 -0.8 4.4
Disposable income for households NOK billion 1 370 1 348 1.6 7.8 4.7
Saving rate for households Percent1 7.4 10.8 -3.4 2.3 0.6
Balance of payments
Unit 2nd quarter 2016 3rd quarter 2016 4th quarter 2016 1st quarter 2017 2nd quarter 2017
Current account NOK Billion 21.2 11.6 50.7 41.6 35.8
As percentage of GDP Per cent 2.7 1.5 6.1 5.1 4.4