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Ripple effects of the petroleum industry
In this report, we have estimated the extent to which the petroleum industry's purchases of goods and services generate direct deliveries from various industries in the Norwegian economy, as well as indirect deliveries from domestic subcontractors. We distinguish between goods and services intended for investments and those for ongoing operations (intermediate consumption) within the petroleum industry.
Commodity Price Shocks and Business Cycles in a Resource-Rich Economy
Commodity price shocks can be a key driver of business cycles in resource-rich small open economies.
Strong increase in the trade balance in Q1 2026
The first quarter of 2026 showed a surge in the trade balance caused by price increases on petroleum exports. In the same quarter, Norway’s net foreign assets decreased close to 8 per cent, due to volatile global stock markets and an appreciated Norwegian krone against other currencies.
Salmon price in the period of May 25th – May 31st
In the period of May 25th – May 31st the export price of fresh salmon came to NOK 76.29 per kilo, up 3.2 per cent compared to the previous seven-day period.
