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2014-11-20T10:00:00.000Z
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)
4th quarter 2013 1st quarter 2014 2nd quarter 2014 3rd quarter 2014
Gross domestic product (GDP) -0.1 0.5 1.1 0.5
GDP for mainland Norway 0.5 0.6 1.2 0.4
Consumption in household sector 0.3 0.8 0.7 -0.2
Gross investment in fixed capital 1.2 -0.8 0.3 -0.2
Extraction and pipeline transport -2.0 -2.9 -0.5 0.2
Housing (households) 0.5 -0.4 -0.7 -0.3
Total export -1.2 0.8 -1.4 2.1
Export of traditional goods 0.6 0.6 2.9 0.9
Total import 1.5 -1.4 -0.3 2.2
Employment 0.2 0.3 0.3 0.2
Disposable real income in households and NPISH -0.5 1.1 1.0 1.3
Annual national accounts
Unit Current prices Change in volume, per cent, from previous year
2013 2012 2013 2012 2011
1Current prices also for change in per cent. Change is here shown in percentage points.
Gross domestic product (GDP) NOK billion 3 069 2 965 0.7 2.7 1.0
GDP for mainland Norway NOK billion 2 423 2 295 2.3 3.8 1.9
Consumption in household sector NOK billion 1 176 1 176 2.1 3.5 2.3
Gross investment in fixed capital NOK billion 726 660 6.8 7.6 7.4
Extraction and pipeline transport NOK billion 212 175 17.1 15.1 11.3
Housing (households) NOK billion 150 140 6.4 10.9 17.0
Total export NOK billion 1 191 1 204 -3.0 1.4 -0.8
Export of traditional goods NOK billion 322 310 1.0 -0.2 -0.1
Total import NOK billion 878 821 4.3 3.1 4.0
Employment 1 000 persons 2 717 2 685 1.2 2.1 1.5
Annual earnings NOK 1 000 490.4 472.0 3.9 4.0 4.2
 
2013 2012 2013 2012 2011
Disposable income for Norway NOK billion 2 584 2 535 -1.4 4.7 5.6
Disposable income for households NOK billion 1 312 1 239 3.1 3.2 4.6
Saving rate for households Percent1 9.0 8.6 0.4 0.8 2.0
Balance of payments
Unit 2nd quarter 2013 3rd quarter 2013 4th quarter 2013 1st quarter 2014 2nd quarter 2014
Current account NOK Billion 77.3 76.0 93.6 111.0 68.8
As percentage of GDP Per cent 10.4 10.2 11.7 14.3 9.1