The CSS file did not download correctly, the screen reader does not support CSS, or your version of Internet Explorer is too
old for this website.
To get the best possible experience using our website, you should upgrade to a newer version of Internet Explorer, or use
other browser alternatives. If you are using a computer at work, contact your IT administrator.
The latest investment from companies within oil and gas, manufacturing, mining and quarrying and electricity supply show a
clear decline in 2020. Lower investment in manufacturing is the main reason for the overall decline. Updated investment estimates
for 2021 still indicate a clear decline in total investments.
Total investments in oil and gas activity in 2021, including pipeline transportation, are estimated at NOK 166.3 billion.
This is 12 per cent higher than estimated in the previous quarter, however the estimate still indicates a significant decline
from 2020. The estimate for 2020 is now NOK 182.5 billion.
2018 was a good year for the Norwegian Economy. The Gross Domestic Product (GDP) for Mainland Norway grew by 2.2 per cent
from the previous year, in line with preliminary estimates published in February 2019. Final figures have not changed the
overall macroeconomic picture of the Norwegian economy but provide more information about the annual economic development
on a more detailed level.
The Consumer Price Index (CPI) increased by 0.3 per cent from September 2020 to October 2020, while the CPI-ATE increased
by 0.1 per cent in the same period. From October 2019 to October 2020 the CPI rose by 1.7 per cent, while the CPI-ATE growth
was 3.4 per cent.
The recovery of the Norwegian economy continues after the sharpest contraction in recent times. As a consequence of the outbreak
of the coronavirus in Norway and subsequent lockdown of many activities,
The Norwegian economy is still trying to recover from its most extensive downturn in recent times, but activity is not expected
to return to the pre-pandemic level until the end of 2021. We expect a gradual rise in interest rates from 2021.
Strong ageing, lower population growth, as well as a larger and older immigrant population. According to the 2020 national
population projections, these are some of the important changes that will occur this century. In the short term, the Corona
pandemic is not expected to increase mortality rates, but fertility and immigration are expected to be temporarily lowered.
The spread of coronavirus has increased the demand for more frequent publications of deaths in Norway. Every Tuesday at 8am
the latest weekly death statistics will be published here. It should be noted that these figures are preliminary and refer
to all deaths, not only those related to coronavirus.
The Sustainable Development Goals consist of 17 goals and 169 targets that see the environment, economy and social development
in context up to 2030. This fact page shows developments in selected areas.