Table

Main economic indicators 2003-2018. Accounts and forecasts. Percentage change from previous year unless otherwise noted1
 20032004200520062007200820092010201120122013*2014*Forecasts
 2015201620172018
1The cut-off date was corrected 11 September 2015.
2Consumption in households and non-profit organizations + general government consumption + gross fixed capital formation in mainland Norway.
3Change in stockbuilding. Per cent of GDP.
4According to Statistics Norway's labour force survey(LFS). Break in data series in 2006.
5CPI adjusted for tax changes and excluding energy products.
6Break in data series in 2004.
7Yearly average. Lending rate, banks until 2006.
8Increasing index implies depreciation.
9Average spot price Brent Blend.
Demand and output                
Consumption in households etc.3.25.44.45.05.31.70.03.82.33.52.12.02.61.83.02.7
General government consumption1.31.31.91.92.02.44.12.21.01.61.72.72.32.62.22.3
Gross fixed investment0.410.012.09.111.70.9-6.8-6.67.47.66.80.6-2.80.03.02.3
Extraction and transport via pipelines13.810.519.73.26.94.73.3-8.911.315.117.1-1.7-11.6-10.3-8.5-5.5
mainland Norway-4.910.711.19.314.20.9-10.4-6.45.07.42.91.70.53.66.54.2
Industries-14.212.518.112.722.73.1-18.4-9.51.110.5-1.10.2-1.03.66.94.9
Housing1.816.39.74.02.7-9.0-8.1-1.617.010.96.4-1.60.23.55.44.9
General government9.92.6-0.68.48.77.27.7-4.81.1-1.86.58.23.53.87.12.3
Demand from Mainland Norway21.65.15.15.06.21.6-1.41.62.63.22.12.12.12.43.62.9
Stockbuilding3-1.22.4-0.11.40.2-0.1-2.52.9-0.3-0.30.50.20.50.00.00.0
Exports-0.11.00.5-0.81.40.1-4.10.7-0.81.4-3.02.72.21.81.71.9
Crude oil and natural gas-0.8-0.7-5.0-6.6-2.4-1.3-1.6-6.9-5.60.5-7.61.5-0.1-0.5-0.20.3
Traditional goods3.73.65.36.19.23.5-8.03.3-0.1-0.21.02.35.84.43.63.3
Imports1.29.07.99.110.03.2-10.08.34.03.14.31.93.02.52.92.9
Traditional goods5.711.78.411.67.21.2-12.19.24.62.63.2-0.32.22.73.64.0
Gross domestic product0.94.02.62.42.90.4-1.60.61.02.70.72.21.41.22.22.0
Mainland Norway1.25.04.75.05.71.7-1.61.81.93.82.32.21.31.82.92.5
Manufacturing2.84.63.62.63.82.7-7.82.11.72.03.23.5-1.11.23.41.5
Labour market                
Total hours worked, Mainland Norway-2.02.21.63.54.83.6-2.00.21.71.80.71.70.70.90.80.9
Employed persons-1.20.61.33.44.13.2-0.5-0.51.52.11.21.10.20.51.31.1
Labor force4-0.10.30.81.62.53.40.00.51.01.81.01.11.20.81.01.2
Participation rate (level)472.972.672.472.072.873.972.871.971.471.571.271.070.670.470.670.8
Unemployment rate (level)44.54.54.63.42.52.63.23.63.33.23.53.54.44.64.24.1
Prices and wages                
Wages per standard man-year4.53.53.34.15.46.34.23.74.24.03.93.12.82.92.83.0
Consumer price index (CPI)2.50.41.62.30.83.82.12.51.20.82.12.02.12.92.01.8
CPI-ATE5..0.41.00.81.42.62.61.40.91.21.62.42.62.51.91.8
Export prices, traditional goods-1.08.44.011.32.42.8-6.04.55.8-1.93.14.13.30.21.31.5
Import prices, traditional goods0.03.70.34.03.73.9-1.50.04.00.32.15.54.41.81.01.0
Housing prices61.710.18.213.712.6-1.11.98.38.06.74.02.75.72.74.32.2
Income, interest rates and excange rate                
Household real income4.63.48.3-6.56.13.53.22.14.24.52.82.62.61.83.12.5
Household saving ratio (level)8.86.99.6-0.31.13.95.54.36.27.67.58.58.58.78.68.4
Money market rate (level)4.12.02.23.15.06.22.52.52.92.21.81.71.31.01.01.3
Lending rate, credit loans(level)76.54.23.94.35.06.84.03.43.63.94.03.93.22.82.72.8
Real after-tax lending rate, banks (level)2.22.51.30.72.91.10.70.11.32.10.70.80.3-0.80.00.3
Importweighted krone exchange rate (44 countries)81.33.0-3.90.7-1.80.03.3-3.7-2.4-1.22.25.310.11.7-1.5-1.5
NOK per euro (level)8.08.48.08.18.08.28.78.07.87.57.88.48.99.29.18.9
Current account                
Current balance (bill. NOK)195.2220.6322.8357.7287.4408.3258.2282.7344.9368.9307.7297.0200.5158.8170.8185.0
Current balance (per cent of GDP)12.112.416.216.112.215.610.710.912.713.910.09.46.44.95.15.3
International indicators                
Exports markets indicator4.07.97.09.76.61.7-10.011.26.31.41.84.64.44.45.15.5
Consumer price index, euro-area2.12.12.22.22.23.30.31.72.72.51.30.40.21.11.21.5
Money market rate, euro(level)2.32.12.23.14.34.61.20.81.40.50.20.20.00.10.30.4
Crude oil price NOK (level)9201255356423423536388484621649639621439431455473