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Mainland GDP has experienced substantial growth in recent months, and the economy is now approaching what we consider to be a normal level. Although the Omicron variant is creating uncertainty about further developments, we assume that its negative effect on the economy will be limited and temporary.
The general government surplus in 2021Q3 is on the rise following several quarters of deficits in 2020. The accumulated surplus in 2021Q3 is estimated at NOK 135 billion.
In the period November 22nd – November 28th the export price of fresh salmon came to NOK 61.84 per kilo, up 6.4 per cent compared to the previous seven-day period.
In the third quarter of 2021, the Norwegian current account balance ended at NOK 158 billion, which is the highest level of the current account balance measured. This was mainly thanks to a large rise in the price of natural gas. The surplus on the goods and service balance was almost NOK 130 billion, while there was a surplus of NOK 28 billion on the balance of income and current transfers in the third quarter of 2021.