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High Income and massive gains increased Norway’s net foreign assets in first quarter
Norway's current account surplus vis-a-vis other countries ended at NOK 279 billion in the first quarter of 2023, NOK 112 billion lower compared to the same period last year. This reduction is mainly due to reduced export income from crude oil and natural gas. Net foreign assets were record high in the 1st quarter of 2023. The weakening of NOK and the rise in global stock markets explains why net foreign assets towards foreign countries increased sharply.
Reduced government surplus
General government surplus in the first quarter of 2023 is estimated at NOK 276 billion. This is NOK 41 billion lower than the corresponding quarter last year. The reduction is to a large extent explained by declining revenues from the petroleum sector.
Salmon price in the period of May 29th – June 4th
In the period of May 29th – June 4th the export price of fresh salmon came to NOK 112.95 per kilo, up 4.0 per cent compared to the previous seven-day period.
Pension wealth in Norway 2019-2020
The pension system in Norway ensures that everyone has a certain amount of pension assets when they retire. This report shows the value and distribution of this pension wealth for the Norwegian population in 2019 and 2020.