This is an archived release.
Growth in debt interest
The 2007 tax assessment shows a total of NOK 90 billion deduction for interest paid. This is an increase of NOK 27 billion (43 per cent) compared to 2006. This increase stems from both higher interest and a debt increase of 12 per cent.
A total of 2.6 billion persons had debt interest deductions in 2007, which is 58 000 more than the previous year. Total income deduction increased by 16 per cent to NOK 325 billion in 2007. The minimum deduction is the largest, and totalled NOK 188 billion.
Increased gross income
Gross income amounted to NOK 1 194 billion in 2007, which is an increase of 11 per cent from the previous year. Income from wages grew by almost 10 per cent to NOK 842 billion, and interest from bank deposits increased by 90 per cent to NOK 27 billion. The nominal deposit rate increased from 2.6 per cent at the beginning of the year to 4.4 per cent at the end of 2007. The average gross income for people 17 years old and older residing in Norway was NOK 322 500 in 2007.
Increased taxable net wealth
Total taxable net wealth amounted to NOK 480 billion in 2007; an increase of 19 per cent compared to the previous year. The taxable value of real property increased by 10 per cent, and the table value of shares and other securities grew from 80 to 85 per cent of market value. Together with growing bank savings and the increase in value of shares, this helps explain the growth in net wealth. The average taxable net wealth among residents in Norway is NOK 129 700.
The statistics are based on the tax settlement base of the Directorate of Taxes, see About the statistics.