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10088_om
statistikk
2021-06-09T08:00:00.000Z
National accounts and business cycles
en
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National accounts

Updated

Next update

Key figures

0.3 %

seasonally adjusted volume growth for GDP mainland Norway in April

Final expenditure and gross domestic product. Seasonally adjusted. Percentage change in volume12
YearRolling three-month sumMonth
20192020November 2020 - January 2021December 2020 - February 2021January 2021 - March 2021February 2021 - April 2021April 2021
1Volume change in rolling three months is calculated by comparing a three-month period with the previous three-month period, for example GDP in May to July compared with February to April. Furthermore, a quarter will be the sum of three months. For example, the January-March period will refer to the first quarter.
2Figures from 2019 onwards are preliminary.
Gross domestic product0.9-0.80.60.4-0.6-1.00.3
Gross domestic product Mainland Norway2.3-2.50.80.2-1.0-1.00.3
Petroleum activities and ocean transport-6.18.0-0.11.51.5-1.00.2
Final domestic use of goods and services2.3-4.8-0.3-1.5-1.2-1.6-1.6
Final consumption expenditure of households and NPISH1.4-6.9-1.5-3.0-4.0-3.0-0.7
Final consumption expenditure of general government1.91.71.40.1-1.6-1.40.9
Gross fixed capital formation (GFCF)4.8-3.8-0.3-1.6-2.40.93.7
Total exports0.5-0.50.40.2-2.7-0.54.7
Total imports4.7-11.9-2.5-5.7-5.3-2.30.1
 
Employed persons1.6-1.3..-0.3.
Total hours worked1.8-2.2..-0.7.

See selected tables from this statistics

Table 1 
Final expenditure and gross domestic product. Monthly. Seasonally adjusted figures. Percentage change in volume from the previous period

Final expenditure and gross domestic product. Monthly. Seasonally adjusted figures. Percentage change in volume from the previous period1
September 2020October 2020November 2020December 2020January 2021February 2021March 2021April 2021
1Figures from 2018 onwards are preliminary
2Gross domestic product is measured at market prices, while value added by industry is measured at basic prices
3Includes oil and gas extraction, transport via pipelines and ocean transport
Final consumption expenditure of households and NPISHs1.60.4-1.2-0.2-3.3-0.1-0.6-0.7
¬ Household final consumption expenditure1.70.3-1.2-0.1-3.20.0-0.7-0.6
¬¬ Goods3.8-0.42.3-1.3-2.70.1-1.30.8
¬¬ Services0.92.0-4.10.2-3.3-0.60.0-1.6
¬¬ Direct purchases abroad by resident households-45.3-7.3-35.336.7-1.4-50.820.9-22.9
¬¬ Direct purchases by non-residents4.636.714.4-27.718.4-46.410.825.9
¬ Final consumption expenditure of NPISHs0.01.9-1.2-2.0-4.9-2.42.3-2.5
Final consumption expenditure of general governmen0.11.20.60.8-1.9-0.5-0.20.9
¬ Final consumption expenditure of central government0.30.90.30.2-1.3-1.0-0.50.8
¬¬¬ Central government, civilian0.30.90.30.3-1.6-1.2-0.51.3
¬¬¬ Central government, defence0.50.30.7-0.21.20.40.0-2.5
¬ Final consumption expenditure of local government0.01.60.91.3-2.50.00.11.0
Gross fixed capital formation (GFCF)3.6-1.70.12.0-5.11.22.13.7
¬ Extraction and transport via pipelines (GFCF)-2.84.3-1.04.9-5.8-2.54.29.2
¬ Ocean transport (GFCF)-99.11 140.0630.6-98.41 672.8380.5-98.8..
¬ Mainland Norway (GFCF)7.5-3.3-1.33.3-5.4-0.14.32.9
¬¬ Mainland Norway excluding general government (GFCF)6.3-0.6-0.63.7-6.31.15.31.6
¬¬¬ Industries (GFCF)8.6-2.9-1.14.2-6.80.56.41.4
¬¬¬¬ Services activities incidential to extraction (GFCF)1.6-32.92.81.08.59.2-4.872.9
¬¬¬¬ Other services (GFCF)12.3-1.4-1.54.4-9.0-0.88.4-0.5
¬¬¬¬ Manufacturing and mining (GFCF)1.8-6.71.04.2-3.80.62.68.5
¬¬¬¬ Production of other goods (GFCF)4.3-3.4-1.43.6-3.13.34.00.3
¬¬¬ Dwelling service (households) (GFCF)2.53.20.23.1-5.52.13.51.7
¬¬¬ General government (GFCF)10.4-9.1-3.12.2-3.3-2.81.96.5
Acquisitions less disposals of valuables-30.3-34.0-27.6133.2-67.273.4-70.6293.6
Changes in stocks and statistical discrepancies-38.9-44.4155.9-65.5184.8-7.0-0.9-58.9
Gross capital formation-3.7-6.310.1-8.05.50.01.7-4.9
Final domestic use of goods and services-0.4-1.32.4-2.3-0.4-0.20.2-1.6
Final demand from Mainland Norway (excl. changes in stocks)2.5-0.2-0.70.9-3.4-0.20.60.6
Final demand from general government2.1-0.9-0.11.0-2.2-0.90.21.9
Total exports1.71.8-2.94.9-4.70.1-0.74.7
¬ Traditional goods (export)1.41.3-4.46.6-1.4-1.44.3-2.8
¬ Crude oil and natural gas (export)2.61.3-3.46.0-8.80.3-4.617.4
¬ Ships, oil platforms and aircraft (export)-23.2-11.7-68.8591.5-88.81 212.2-43.4-30.1
¬ Services (export)0.93.50.9-1.50.9-2.01.3-5.8
Total use of goods and services0.2-0.40.9-0.2-1.7-0.1-0.10.2
Total imports-1.30.03.2-5.7-4.12.00.70.1
¬ Tradisjonelle varer (import)-1.51.07.0-8.2-3.60.82.31.0
¬ Crude oil and natural gas (import)-9.032.5-34.815.221.813.0-28.510.7
¬ Ships, oil platforms and aircraft (import)19.9-45.5-7.9-33.58.768.0-2.2-36.4
¬ Services (import)-2.82.0-1.92.1-7.90.1-0.20.5
Gross domestic product, market values20.7-0.60.21.4-1.0-0.7-0.30.3
Gross domestic product Mainland Norway, market values20.71.3-0.71.1-1.0-0.5-0.40.3
Petroleum activities and ocean transport30.8-9.24.63.2-1.1-1.60.30.2
Gross domestic product Mainland Norway, basic values0.51.3-0.71.0-0.6-0.6-0.40.5
¬ Mainland Norway excluding general government (GDP)0.61.6-1.21.2-0.3-0.6-0.50.4
¬¬ Manufacturing and mining (GDP)-2.12.01.30.32.0-1.9-0.41.0
¬¬ Production of other goods (GDP)1.13.0-4.55.00.6-1.4-1.40.0
¬¬ Service activities (GDP)0.91.2-0.70.3-1.0-0.2-0.30.4
¬ General government (GDP)0.40.30.70.7-1.2-0.6-0.30.8
Taxes and subsidies products1.71.5-0.61.3-4.10.20.0-0.7

Table 2 
Final expenditure and gross domestic product. Rolling three-month sum. Seasonally adjusted. Percentage change in volume

Final expenditure and gross domestic product. Rolling three-month sum. Seasonally adjusted. Percentage change in volume12
July 2020 - September 2020August 2020 - October 2020September 2020 - November 2020October 2020 - December 2020November 2020 - January 2021December 2020 - February 2021January 2021 - March 2021February 2021 - April 2021
1Figures from 2018 onwards are prelimanry
2Rolling three-month growth is calculated by comparing a three-month period with the previous three-month period, for example growth in May to July compared with February to April. Furthermore, March, June, September and December represent the quarters in a year. For example, March will represent the first quarter.
3Gross domestic product is measured at market prices, while value added by industry is measured at basic prices.
4Includes oil and gas extraction, transport via pipelines and ocean transport.
Final consumption expenditure of households and NPISHs9.24.11.50.2-1.5-3.0-4.0-3.0
¬ Household final consumption expenditure9.34.01.50.1-1.5-2.8-3.8-2.8
¬¬ Goods5.70.41.41.21.5-1.7-3.1-2.7
¬¬ Services12.38.33.20.8-3.5-4.2-4.9-3.3
¬¬ Direct purchases abroad by resident households462.576.9-33.0-45.6-40.7-19.8-28.1-43.9
¬¬ Direct purchases by non-residents98.088.975.545.021.4-19.0-29.8-37.8
¬ Final consumption expenditure of NPISHs7.76.33.01.1-2.9-6.1-7.4-5.7
Final consumption expenditure of general governmen3.12.82.32.41.40.1-1.6-1.4
¬ Final consumption expenditure of central government3.22.41.51.70.7-0.5-1.9-1.8
¬¬¬ Central government, civilian3.52.61.61.70.6-0.7-2.3-2.1
¬¬¬ Central government, defence1.11.31.31.21.31.31.60.3
¬ Final consumption expenditure of local government2.93.23.13.12.00.7-1.4-0.9
Gross fixed capital formation (GFCF)-0.9-0.11.71.4-0.3-1.6-2.40.9
¬ Extraction and transport via pipelines (GFCF)-3.3-1.4-0.53.42.10.7-3.40.8
¬ Ocean transport (GFCF)651.4252.1-25.0-5.3-1.741.841.3-16.7
¬ Mainland Norway (GFCF)-1.0-0.42.51.0-0.8-2.5-2.51.1
¬¬ Mainland Norway excluding general government (GFCF)-0.30.12.83.31.3-0.9-1.81.9
¬¬¬ Industries (GFCF)0.20.93.32.50.1-2.1-2.31.7
¬¬¬¬ Services activities incidential to extraction (GFCF)-13.4-17.8-23.7-30.5-19.4-3.615.038.5
¬¬¬¬ Other services (GFCF)2.44.98.56.61.1-3.6-4.8-0.5
¬¬¬¬ Manufacturing and mining (GFCF)1.7-0.6-2.4-3.6-1.50.10.54.0
¬¬¬¬ Production of other goods (GFCF)-5.2-6.7-4.3-2.6-0.90.52.35.2
¬¬¬ Dwelling service (households) (GFCF)-1.2-1.32.04.63.31.1-1.02.3
¬¬¬ General government (GFCF)-2.6-1.31.7-4.1-5.7-6.1-4.1-1.0
Acquisitions less disposals of valuables223.5-13.6-53.0-54.6-36.8-1.2-47.4-20.7
Changes in stocks and statistical discrepancies77.056.0-6.9-26.53.87.061.4-5.8
Gross capital formation4.74.30.6-2.00.2-0.73.40.1
Final domestic use of goods and services6.23.81.50.1-0.3-1.5-1.2-1.6
Final demand from Mainland Norway (excl. changes in stocks)5.02.72.01.0-0.6-2.0-3.0-1.6
Final demand from general government1.92.02.21.10.0-1.1-2.1-1.3
Total exports3.83.01.82.20.40.2-2.7-0.5
¬ Traditional goods (export)8.310.96.33.10.72.51.91.7
¬ Crude oil and natural gas (export)1.1-1.2-0.91.0-0.9-2.0-7.5-1.4
¬ Ships, oil platforms and aircraft (export)28.9-55.7-70.3-48.3-24.9127.449.5128.6
¬ Services (export)2.73.33.74.52.80.2-0.7-3.0
Total use of goods and services5.53.61.60.7-0.1-1.0-1.7-1.3
Total imports9.76.22.10.4-2.5-5.7-5.3-2.3
¬ Tradisjonelle varer (import)12.97.03.41.90.1-5.7-5.7-2.7
¬ Crude oil and natural gas (import)-5.243.617.516.3-10.312.211.911.8
¬ Ships, oil platforms and aircraft (import)-4.10.4-9.3-38.0-49.6-36.113.732.3
¬ Services (import)4.92.5-0.8-0.4-2.8-3.8-7.2-4.7
Gross domestic product, market values34.32.81.40.80.60.4-0.6-1.0
Gross domestic product Mainland Norway, market values4.93.62.32.00.80.2-1.0-1.0
Petroleum activities and ocean transport41.9-0.7-2.9-4.5-0.11.51.5-1.0
Gross domestic product Mainland Norway, basic values4.73.72.42.00.80.4-0.6-0.8
¬ Mainland Norway excluding general government (GDP)4.63.92.62.10.70.5-0.5-0.7
¬¬ Manufacturing and mining (GDP)2.55.13.73.62.92.61.2-0.5
¬¬ Production of other goods (GDP)2.71.71.11.61.22.70.9-0.3
¬¬ Service activities (GDP)5.44.42.82.00.3-0.5-1.2-0.8
¬ General government (GDP)4.93.11.71.71.10.3-1.0-1.1
Taxes and subsidies products6.42.92.11.90.4-1.4-3.4-2.4

Table 3 
Final expenditure and gross domestic product. Quarter and year. At current prices. NOK million

Final expenditure and gross domestic product. Quarter and year. At current prices. NOK million1
201920201st quarter 20202nd quarter 20203rd quarter 20204th quarter 20201st quarter 2021
1Figures from 2019 onwards are prelimanry
2Gross domestic product is measured at market prices, while value added by industry is measured at basic prices
3Includes oil and gas extraction, transport via pipelines and ocean transport.
Final consumption expenditure of households and NPISHs1 583 1941 496 388375 968351 842371 963396 615364 822
¬ Household final consumption expenditure1 497 6041 417 482354 175332 859354 630375 818345 958
¬¬ Goods677 948719 497153 148178 307185 416202 626176 811
¬¬ Services743 791684 583187 012155 265168 895173 411169 820
¬¬ Direct purchases abroad by resident households127 38530 16821 8728545 2692 1741 368
¬¬ Direct purchases by non-residents-51 520-16 766-7 857-1 567-4 950-2 393-2 041
¬ Final consumption expenditure of NPISHs85 59078 90621 79418 98217 33320 79718 863
Final consumption expenditure of general governmen868 066905 561222 621232 543223 619226 778233 119
¬ Final consumption expenditure of central government423 407448 796109 523114 683110 835113 755114 931
¬¬¬ Central government, civilian372 087394 88096 655100 60797 80499 813101 074
¬¬¬ Central government, defence51 32153 91612 86814 07613 03113 94213 857
¬ Final consumption expenditure of local government444 659456 765113 098117 860112 784113 023118 188
 
Gross fixed capital formation (GFCF)914 603906 965221 005223 842223 624238 494218 018
¬ Extraction and transport via pipelines (GFCF)178 121180 82644 52845 40243 67547 22141 256
¬ Ocean transport (GFCF)2 8155 4032 0532531 5581 5382 058
¬ Mainland Norway (GFCF)733 668720 735174 424178 187178 390189 734174 704
¬¬ Industries (GFCF)325 438313 59576 24176 94076 00284 41374 345
¬¬¬ Services activities incidential to extraction (GFCF)3 8712 662791780541550523
¬¬¬ Other services (GFCF)192 906187 37847 65544 89944 36950 45546 426
¬¬¬ Manufacturing and mining (GFCF)51 58547 18711 30011 25510 83013 80410 843
¬¬¬ Production of other goods (GFCF)77 07776 36816 49620 00620 26219 60416 553
¬¬ welling service (households) (GFCF)194 763190 74346 26847 44247 06749 96549 124
¬¬ General government (GFCF)213 467216 39851 91453 80555 32255 35651 235
Acquisitions less disposals of valuables3931689116283310
Changes in stocks and statistical discrepancies144 846119 69164 1294 03819 50932 01548 025
Gross capital formation1 059 8421 026 824285 225227 897243 160270 541266 052
 
Final domestic use of goods and services3 511 1023 428 773883 814812 282838 743893 934863 992
Final demand from Mainland Norway (excl. changes in stocks)3 184 9273 122 684773 013762 572773 972813 126772 644
Final demand from general government1 081 5321 121 958274 535286 348278 940282 134284 353
 
Total exports1 296 2211 109 998310 637238 437258 429302 494335 884
¬ Traditional goods (export)432 332408 507108 37596 14495 986108 002112 793
¬ Crude oil and natural gas (export)463 694352 963105 15760 29079 522107 994143 124
¬ Ships, oil platforms and aircraft (export)12 4749 3703 7311 9842 3981 2571 329
¬ Services (export)387 721339 15893 37480 01980 52385 24178 638
 
Total use of goods and services4 807 3234 538 7711 194 4521 050 7201 097 1721 196 4281 199 876
 
Total imports1 238 8351 125 321297 236260 947274 826292 312262 531
¬ Tradisjonelle varer (import)736 179747 140181 502175 951187 145202 542186 018
¬ Crude oil and natural gas (import)24 97517 0155 9353 2413 9133 9264 662
¬ Ships, oil platforms and aircraft (import)35 57236 19910 55510 0539 2846 3075 796
¬ Services (import)442 109324 96799 24571 70274 48479 53766 055
 
Gross domestic product, market values23 568 4883 413 450897 215789 773822 346904 116937 345
Gross domestic product Mainland Norway, market values23 068 4073 043 039784 820727 013736 944794 262786 578
 
Petroleum activities and ocean transport3500 081370 411112 39562 76085 402109 854150 768
Gross domestic product Mainland Norway, basic values2 669 5082 639 073689 252629 534634 152686 135688 803
¬ Mainland Norway excluding general government (GDP)1 992 8551 945 368519 248450 770462 036513 315511 185
¬¬ Manufacturing and mining (GDP)231 211233 91762 64255 62354 56961 08358 837
¬¬ Production of other goods (GDP)358 770326 18590 14268 10779 61888 31795 886
¬¬ Service activities (GDP)1 402 8741 385 267366 464327 040327 849363 914356 462
¬ General government (GDP)676 653693 705170 005178 764172 116172 820177 618
Taxes and subsidies products398 899403 96695 56897 479102 792108 12797 775

Table 4 
Final expenditure and gross domestic product. Quarter and year. At constant 2018-prices. NOK million

Final expenditure and gross domestic product. Quarter and year. At constant 2018-prices. NOK million1
201920201st quarter 20202nd quarter 20203rd quarter 20204th quarter 20201st quarter 2021
1Figures from 2019 onwards are preliminary
2Gross domestic product is measured at market prices, while value added by industry is measured at basic prices
Final consumption expenditure of households and NPISHs1 548 0141 440 755360 317336 668360 619383 150340 900
¬ Household final consumption expenditure1 465 2621 367 789339 213320 038344 190364 347323 758
¬¬ Goods668 007705 595153 135175 272179 910197 277169 092
¬¬ Services724 766650 911173 545145 539164 343167 484155 387
¬¬ Direct purchases abroad by resident households122 75227 44420 1307414 6701 9041 243
¬¬ Direct purchases by non-residents-50 264-16 161-7 597-1 513-4 733-2 318-1 964
¬ Final consumption expenditure of NPISHs82 75372 96521 10416 63016 42918 80317 142
Final consumption expenditure of general governmen841 508855 679212 692209 867214 122218 997216 277
¬ Final consumption expenditure of central government411 130423 323105 352103 368106 504108 100106 307
¬¬¬ Central government, civilian361 203371 68392 68990 51993 53594 94193 025
¬¬¬ Central government, defence49 92751 64012 66312 84812 96913 15913 282
¬ Final consumption expenditure of local government430 378432 356107 340106 500107 619110 898109 971
 
Gross fixed capital formation (GFCF)891 426857 248211 908209 884211 700223 756203 867
¬ Extraction and transport via pipelines (GFCF)172 306165 16741 52340 58040 48142 58137 859
¬ Ocean transport (GFCF)2 6424 6831 8371971 3651 2841 817
¬ Mainland Norway (GFCF)716 478687 398168 548169 107169 853179 891164 191
¬¬Næringer (bruttoinvestering)318 274298 84273 39072 82072 54680 08770 041
¬¬¬ Services activities incidential to extraction (GFCF)3 7662 511753728513517486
¬¬¬ Other services (GFCF)189 001179 27145 99242 60542 56948 10543 934
¬¬¬ Manufacturing and mining (GFCF)50 29344 68810 82210 57810 26313 02410 126
¬¬¬ Production of other goods (GFCF)75 21472 37315 82318 90819 20018 44115 495
¬¬ Dwelling service (households) (GFCF)190 300182 65944 99545 38444 84947 43146 127
¬¬ General government (GFCF)207 904205 89750 16350 90352 45852 37348 023
Acquisitions less disposals of valuables378151841424298
Changes in stocks and statistical discrepancies145 788109 59359 7204 13916 67829 05644 040
Gross capital formation1 037 592966 992271 711214 037228 402252 841247 916
 
Final domestic use of goods and services3 427 1143 263 426844 721760 572803 144854 989805 093
Final demand from Mainland Norway (excl. changes in stocks)3 106 0012 983 832741 558715 642744 594782 039721 368
Final demand from general government1 049 4121 061 577262 855260 770266 581271 371264 300
 
Total exports1 356 5821 350 429351 014319 540328 143351 732340 314
¬ Traditional goods (export)429 387419 917105 33397 600103 352113 632111 741
¬ Crude oil and natural gas (export)544 745599 843157 133143 441143 749155 519152 933
¬ Ships, oil platforms and aircraft (export)12 1958 1433 2641 6512 1281 1011 098
¬ Services (export)370 256322 52685 28476 84878 91581 48074 543
 
Total use of goods and services4 783 6974 613 8551 195 7351 080 1121 131 2871 206 7211 145 407
 
Total imports1 199 5221 057 130281 977242 769260 499271 886244 378
¬ Tradisjonelle varer (import)718 462699 651173 067161 801175 733189 049172 271
¬ Crude oil and natural gas (import)25 39622 5476 8024 9455 3915 4085 335
¬ Ships, oil platforms and aircraft (import)33 01530 1809 1618 2327 8934 8944 808
¬ Services (import)422 650304 75292 94667 79071 48272 53561 965
 
Gross domestic product, market values23 584 1753 556 725913 758837 343870 788934 835901 029
Gross domestic product Mainland Norway, market values23 003 2192 929 236749 469685 770718 795775 203738 908
 
Petroleum activities and ocean transport580 956627 489164 290151 574151 994159 632162 120
Gross domestic product Mainland Norway, basic values2 605 5062 539 976654 958592 835620 905671 277644 456
¬ Mainland Norway excluding general government (GDP)1 949 7581 889 434492 598435 885456 881504 070479 862
¬¬ Manufacturing and mining (GDP)224 468218 70257 35252 32951 56157 46056 217
¬¬ Production of other goods (GDP)358 099359 63293 39977 45089 03399 75095 489
¬¬ Service activities (GDP)1 367 1921 311 100341 847306 107316 288346 860328 157
¬ General government (GDP)655 748650 541162 360156 950164 024167 207164 594
Taxes and subsidies products397 713389 26094 51092 93597 889103 92694 453

Table 5 
Final expenditure and gross domestic product. Quarter and year. Percentage change in volume from the same period in the previous year

Final expenditure and gross domestic product. Quarter and year. Percentage change in volume from the same period in the previous year1
201920201st quarter 20202nd quarter 20203rd quarter 20204th quarter 20201st quarter 2021
1Figures from 2019 onwards are prelimanry
2Gross domestic product is measured at market prices, while value added by industry is measured at basic prices.
3Includes oil and gas extraction, transport via pipelines and ocean transport.
Final consumption expenditure of households and NPISHs1.4-6.9-3.4-12.9-6.1-5.3-5.4
¬ Household final consumption expenditure1.3-6.7-3.5-12.5-5.7-4.8-4.6
¬¬ Goods0.05.6-2.44.19.410.610.4
¬¬ Services2.8-10.2-2.5-18.6-10.4-9.2-10.5
¬¬ Direct purchases abroad by resident households0.9-77.6-20.9-97.7-87.8-93.0-93.8
¬¬ Direct purchases by non-residents4.2-67.8-11.2-88.7-77.5-68.3-74.2
¬ Final consumption expenditure of NPISHs3.0-11.8-1.6-19.4-13.0-13.7-18.8
Final consumption expenditure of general governmen1.91.72.2-0.71.73.51.7
¬ Final consumption expenditure of central government1.93.03.70.63.34.30.9
¬¬¬ Central government, civilian1.62.93.70.33.24.50.4
¬¬¬ Central government, defence3.83.43.83.43.62.94.9
¬ Final consumption expenditure of local government1.90.50.9-2.00.32.72.5
 
Gross fixed capital formation (GFCF)4.8-3.82.1-4.5-7.4-5.0-3.8
¬ Extraction and transport via pipelines (GFCF)12.6-4.110.8-5.6-8.9-10.2-8.8
¬ Ocean transport (GFCF)-68.277.3532.3-67.865.940.2-1.1
¬ Mainland Norway (GFCF)4.0-4.1-0.7-4.0-7.4-3.8-2.6
¬¬ Industries (GFCF)5.6-6.1-1.0-6.7-9.7-6.6-4.6
¬¬¬ Services activities incidential to extraction (GFCF)38.7-33.3-6.8-27.2-42.8-51.3-35.5
¬¬¬ Other services (GFCF)3.5-5.1-1.1-8.9-9.3-1.4-4.5
¬¬¬ Manufacturing and mining (GFCF)24.4-11.1-0.9-9.8-16.4-15.3-6.4
¬¬¬ Production of other goods (GFCF)-0.6-3.8-0.21.9-5.3-10.1-2.1
¬¬ Dwelling service (households) (GFCF)-1.7-4.0-5.7-5.5-6.41.62.5
¬¬ General government (GFCF)7.2-1.04.51.6-4.9-4.2-4.3
Acquisitions less disposals of valuables5.8-60.1-13.1-85.3-69.8-72.6-90.4
Changes in stocks and statistical discrepancies-0.5-24.80.0-84.4-37.4-11.8-26.3
Gross capital formation4.1-6.81.6-13.1-10.6-5.8-8.8
 
Final domestic use of goods and services2.3-4.8-0.4-9.9-5.5-3.3-4.7
Final demand from Mainland Norway (excl. changes in stocks)2.1-3.9-1.2-7.5-4.3-2.6-2.7
Final demand from general government2.91.22.7-0.30.41.90.5
 
Total exports0.5-0.53.4-3.6-0.4-1.3-3.0
¬ Traditional goods (export)4.6-2.2-2.9-7.2-1.02.16.1
¬ Crude oil and natural gas (export)-4.310.19.212.618.52.2-2.7
¬ Ships, oil platforms and aircraft (export)1.4-33.24.4-63.3-17.0-45.2-66.4
¬ Services (export)3.5-12.91.7-18.5-22.1-10.2-12.6
 
Total use of goods and services1.8-3.60.7-8.1-4.1-2.7-4.2
 
Total imports4.7-11.9-1.6-20.5-15.2-9.5-13.3
¬ Tradisjonelle varer (import)5.7-2.6-4.4-11.2-0.15.3-0.5
¬ Crude oil and natural gas (import)5.0-11.245.5-10.0-33.2-24.4-21.6
¬ Ships, oil platforms and aircraft (import)-12.9-8.640.8-20.7-17.4-25.6-47.5
¬ Services (import)4.7-27.9-1.5-36.8-37.2-32.3-33.3
 
Gross domestic product, market values20.9-0.81.4-3.8-0.2-0.6-1.4
Gross domestic product Mainland Norway, market values22.3-2.50.1-6.3-3.1-0.7-1.4
 
Petroleum activities and ocean transport3-6.18.07.89.816.10.0-1.3
Gross domestic product Mainland Norway, basic values2.5-2.50.4-6.4-3.3-0.9-1.6
¬ Mainland Norway excluding general government (GDP)2.6-3.10.4-7.1-4.4-1.6-2.6
¬¬ Manufacturing and mining (GDP)2.7-2.61.3-6.1-4.4-1.3-2.0
¬¬ Production of other goods (GDP)1.50.41.4-1.5-1.32.72.2
¬¬ Service activities (GDP)2.8-4.10.0-8.6-5.3-2.8-4.0
¬ General government (GDP)2.2-0.80.3-4.3-0.11.01.4
Taxes and subsidies products1.4-2.1-2.1-6.1-1.30.9-0.1

Table 6 
Final expenditure and gross domestic product. Quarter and year. Percentage change in prices from the same period in the previous year

Final expenditure and gross domestic product. Quarter and year. Percentage change in prices from the same period in the previous year1
201920201st quarter 20202nd quarter 20203rd quarter 20204th quarter 20201st quarter 2021
1Figures from 2019 onwards are prelimanry
2Gross domestic product is measured at market prices, while value added by industry is measured at basic prices.
3Includes oil and gas extraction, transport via pipelines and ocean transport.
Final consumption expenditure of households and NPISHs2.31.61.81.91.80.82.6
¬ Household final consumption expenditure2.21.41.71.61.70.72.3
¬¬ Goods1.50.5-1.50.31.81.04.6
¬¬ Services2.62.53.93.41.61.01.4
¬¬ Direct purchases abroad by resident households3.85.96.712.48.86.61.3
¬¬ Direct purchases by non-residents2.51.22.31.11.50.50.5
¬ Final consumption expenditure of NPISHs3.44.63.68.64.13.16.6
Final consumption expenditure of general governmen3.22.63.35.21.50.53.0
¬ Final consumption expenditure of central government3.02.92.95.52.11.34.0
¬¬¬ Central government, civilian3.03.12.95.92.41.54.2
¬¬¬ Central government, defence2.81.62.83.40.10.12.7
¬ Final consumption expenditure of local government3.32.33.64.91.0-0.42.0
 
Gross fixed capital formation (GFCF)2.63.12.83.92.93.02.5
¬ Extraction and transport via pipelines (GFCF)3.45.96.08.04.45.61.6
¬ Ocean transport (GFCF)6.68.3-3.622.711.310.61.3
¬ Mainland Norway (GFCF)2.42.41.92.82.52.32.8
¬¬ Industries (GFCF)2.32.62.33.42.72.32.2
¬¬¬ Services activities incidential to extraction (GFCF)2.83.12.74.22.92.82.5
¬¬¬ Other services (GFCF)2.12.42.13.22.42.02.0
¬¬¬ Manufacturing and mining (GFCF)2.62.92.33.83.12.72.6
¬¬¬ Production of other goods (GFCF)2.53.02.63.53.12.82.5
¬¬ Dwelling service (households) (GFCF)2.32.01.52.02.22.43.6
¬¬ General government (GFCF)2.72.41.82.82.52.43.1
Acquisitions less disposals of valuables3.97.45.813.28.49.012.2
Changes in stocks and statistical discrepancies-0.69.97.0-4.920.613.71.6
Gross capital formation2.14.03.73.74.34.22.2
 
Final domestic use of goods and services2.52.62.83.42.41.72.6
Final demand from Mainland Norway (excl. changes in stocks)2.52.12.23.21.91.12.7
Final demand from general government3.12.53.04.81.70.83.0
 
Total exports-4.4-14.0-10.1-21.4-14.4-11.011.5
¬ Traditional goods (export)0.7-3.42.8-3.7-6.0-6.4-1.9
¬ Crude oil and natural gas (export)-14.9-30.9-28.8-49.4-26.5-19.539.8
¬ Ships, oil platforms and aircraft (export)2.312.515.920.95.84.75.9
¬ Services (export)4.70.45.31.6-2.7-2.7-3.6
 
Total use of goods and services0.5-2.1-1.0-3.6-2.2-1.84.9
 
Total imports3.33.14.05.12.41.11.9
¬ Tradisjonelle varer (import)2.54.24.06.84.12.13.0
¬ Crude oil and natural gas (import)-1.7-23.3-7.5-34.5-25.4-28.00.2
¬ Ships, oil platforms and aircraft (import)7.711.37.313.811.115.54.6
¬ Services (import)4.61.94.42.9-0.10.8-0.2
 
Gross domestic product, market values2-0.4-3.6-2.5-6.1-3.4-2.65.9
Gross domestic product Mainland Norway, market values22.21.72.82.51.10.51.7
 
Petroleum activities and ocean transport3-13.9-31.4-27.8-50.9-27.3-20.435.9
Gross domestic product Mainland Norway, basic values2.51.42.72.20.60.21.6
¬ Mainland Norway excluding general government (GDP)2.20.72.30.40.10.11.1
¬¬ Manufacturing and mining (GDP)3.03.88.02.6-0.14.7-4.2
¬¬ Production of other goods (GDP)0.2-9.5-6.7-12.2-8.0-11.34.0
¬¬ Service activities (GDP)2.63.03.83.22.32.61.3
¬ General government (GDP)3.23.34.16.92.00.63.1
Taxes and subsidies products0.33.53.24.24.22.32.4

Table 7 
Final expenditure and gross domestic product. Quarter and year. Seasonally adjusted figures. At current prices. NOK million

Final expenditure and gross domestic product. Quarter and year. Seasonally adjusted figures. At current prices. NOK million1
201920201st quarter 20202nd quarter 20203rd quarter 20204th quarter 20201st quarter 2021
1Figures from 2019 onwards are prelimanry
2Includes oil and gas extraction, transport via pipelines and ocean transport.
Final consumption expenditure of households and NPISHs1 583 1941 496 388385 772348 345381 167382 032371 253
¬ Household final consumption expenditure1 497 6041 417 482364 396329 930361 655362 670352 310
¬¬ Goods677 948719 497164 962176 008188 020191 084187 826
¬¬ Services743 791684 583183 919154 642172 351173 579165 836
¬¬ Direct purchases abroad by resident households127 38530 16826 9387794 2712 3351 707
¬¬ Direct purchases by non-residents-51 520-16 766-11 423-1 499-2 986-4 328-3 058
¬ Final consumption expenditure of NPISHs85 59078 90621 37618 41519 51119 36218 943
Final consumption expenditure of general governmen868 066905 561224 242225 039226 209230 425234 838
¬ Final consumption expenditure of central government423 407448 796110 725111 516112 568114 109116 163
¬¬¬ Central government, civilian372 087394 88097 38497 94499 074100 604101 796
¬¬¬ Central government, defence51 32153 91613 34213 57313 49413 50514 367
¬ Final consumption expenditure of local government444 659456 765113 517113 523113 641116 315118 675
 
Gross fixed capital formation (GFCF)914 603906 965228 091226 860223 572227 987225 458
¬ Extraction and transport via pipelines (GFCF)178 121180 82646 31245 89243 18445 39543 010
¬ Ocean transport (GFCF)2 8155 4032 0702371 5551 5422 074
¬ Mainland Norway (GFCF)733 668720 735179 708180 731178 833181 050180 374
¬¬ Industries (GFCF)325 438313 59580 65376 91976 78779 04878 974
¬¬¬ Services activities incidential to extraction (GFCF)3 8712 662803758646458533
¬¬¬ Other services (GFCF)192 906187 37848 20344 77145 62248 73347 020
¬¬¬ Manufacturing and mining (GFCF)51 58547 18712 40511 55411 71011 46412 021
¬¬¬ Production of other goods (GFCF)77 07776 36819 24319 83618 80818 39319 400
¬¬ Dwelling service (households) (GFCF)194 763190 74347 00747 45346 94349 29649 935
¬¬ General government (GFCF)213 467216 39852 04856 36055 10352 70651 464
Acquisitions less disposals of valuables393168891442238
Changes in stocks and statistical discrepancies144 846119 69140 68310 22828 18931 65733 873
Gross capital formation1 059 8421 026 824268 863237 102251 804259 668259 339
 
Final domestic use of goods and services3 511 1023 428 773878 877810 486859 179872 125865 430
Final demand from Mainland Norway (excl. changes in stocks)3 184 9273 122 684789 722754 115786 209793 507786 465
Final demand from general government1 081 5321 121 958276 290281 399281 312283 131286 302
 
Total exports1 296 2211 109 998308 300246 579271 586284 142329 968
¬ Traditional goods (export)432 332408 507108 35095 62199 330104 177112 259
¬ Crude oil and natural gas (export)463 694352 96396 02969 46889 94295 616133 587
¬ Ships, oil platforms and aircraft (export)12 4749 3703 7311 9842 3981 2571 329
¬ Services (export)387 721339 158100 18979 50779 91683 09282 793
 
Total use of goods and services4 807 3234 538 7711 187 1771 057 0651 130 7651 156 2671 195 398
 
Total imports1 238 8351 125 321306 488260 087279 413280 993269 497
¬ Tradisjonelle varer (import)736 179747 140181 196174 708192 708195 341188 626
¬ Crude oil and natural gas (import)24 97517 0156 5113 4743 4323 9315 255
¬ Ships, oil platforms and aircraft (import)35 57236 19910 55510 0539 2846 3075 796
¬ Services (import)442 109324 967108 22671 85273 98975 41369 821
 
Gross domestic product, market values3 568 4883 413 450880 689796 978851 352875 274925 901
Gross domestic product Mainland Norway, market values3 068 4073 043 039773 116729 786758 498775 596781 553
 
Petroleum activities and ocean transport2500 081370 411107 57367 19292 85499 678144 348
Gross domestic product Mainland Norway, basic values2 669 5082 639 073674 129633 463655 375671 071679 788
¬ Mainland Norway excluding general government (GDP)1 992 8551 945 368501 067461 983481 091495 960498 941
¬¬ Manufacturing and mining (GDP)231 211233 91761 18855 98857 11061 38059 199
¬¬ Production of other goods (GDP)358 770326 18585 33877 19781 13280 64091 378
¬¬ Service activities (GDP)1 402 8741 385 267354 541328 798342 848353 941348 364
¬ General government (GDP)676 653693 705173 062171 479174 284175 110180 847
Taxes and subsidies products398 899403 96698 98796 323103 123104 525101 766

Table 8 
Final expenditure and gross domestic product. Quarter and year. Seasonally adjusted figures. At constant 2018-prices. NOK million

Final expenditure and gross domestic product. Quarter and year. Seasonally adjusted figures. At constant 2018-prices. NOK million1
201920201st quarter 20202nd quarter 20203rd quarter 20204th quarter 20201st quarter 2021
1Figures from 2019 onwards are preliminary
2Gross domestic product is measured at market prices, while value added by industry is measured at basic prices.
3Includes oil and gas extraction, transport via pipelines and ocean transport.
Final consumption expenditure of households and NPISHs1 548 0141 440 755373 263335 554366 467367 003351 903
¬ Household final consumption expenditure1 465 2621 367 789353 089318 991348 628348 971335 212
¬¬ Goods668 007705 595163 952173 888183 851185 856179 622
¬¬ Services724 766650 911175 033145 878163 862165 218156 951
¬¬ Direct purchases abroad by resident households122 75227 44425 0686743 7852 0591 556
¬¬ Direct purchases by non-residents-50 264-16 161-10 965-1 449-2 870-4 162-2 917
¬ Final consumption expenditure of NPISHs82 75372 96520 17416 56317 83918 03316 691
Final consumption expenditure of general governmen841 508855 679212 921208 321214 689219 840216 517
¬ Final consumption expenditure of central government411 130423 323105 509103 134106 473108 240106 448
¬¬¬ Central government, civilian361 203371 68392 79590 30293 50595 11793 112
¬¬¬ Central government, defence49 92751 64012 71412 83212 96813 12413 337
¬ Final consumption expenditure of local government430 378432 356107 412105 187108 216111 600110 069
 
Gross fixed capital formation (GFCF)891 426857 248218 091213 411211 268214 061210 347
¬ Extraction and transport via pipelines (GFCF)172 306165 16743 27741 30839 62140 97439 501
¬ Ocean transport (GFCF)2 6424 6831 8531811 3611 2881 833
¬ Mainland Norway (GFCF)716 478687 398172 961171 921170 286171 799169 013
¬¬ Industries (GFCF)318 274298 84277 59472 96273 15674 96174 433
¬¬¬ Services activities incidential to extraction (GFCF)3 7662 511764708615427496
¬¬¬ Other services (GFCF)189 001179 27146 50442 58743 62846 50744 487
¬¬¬ Manufacturing and mining (GFCF)50 29344 68811 86510 93611 13210 71011 228
¬¬¬ Production of other goods (GFCF)75 21472 37318 46118 73217 78117 31818 223
¬¬ Dwelling service (households) (GFCF)190 300182 65945 28945 43144 89646 97646 525
¬¬ General government (GFCF)207 904205 89750 07953 52852 23349 86248 055
Acquisitions less disposals of valuables378151851238179
Changes in stocks and statistical discrepancies145 788109 59335 66016 30829 16821 80333 240
Gross capital formation1 037 592966 992253 836229 730240 474235 880243 595
 
Final domestic use of goods and services3 427 1143 263 426840 020773 606821 630822 724812 016
Final demand from Mainland Norway (excl. changes in stocks)3 106 0012 983 832759 145715 797751 442758 642737 433
Final demand from general government1 049 4121 061 577263 000261 849266 922269 702264 572
 
Total exports1 356 5821 350 429347 832323 160335 401342 776332 909
¬ Traditional goods (export)429 387419 917105 90097 678105 673108 989111 230
¬ Crude oil and natural gas (export)544 745599 843145 396148 783150 536152 136140 602
¬ Ships, oil platforms and aircraft (export)12 1958 1433 2641 6512 1281 1011 098
¬ Services (export)370 256322 52693 27275 04877 06580 55079 978
 
Total use of goods and services4 783 6974 613 8551 187 8521 096 7661 157 0321 165 5001 144 925
 
Total imports1 199 5221 057 130290 390240 395263 690264 644249 675
¬ Tradisjonelle varer (import)718 462699 651172 622159 833180 428183 903173 873
¬ Crude oil and natural gas (import)25 39622 5477 2295 1264 8445 6295 765
¬ Ships, oil platforms and aircraft (import)33 01530 1809 1618 2327 8934 8944 808
¬ Services (import)422 650304 752101 37967 20470 52670 21865 230
 
Gross domestic product, market values23 584 1753 556 725897 462856 370893 341900 856895 250
Gross domestic product Mainland Norway, market values23 003 2192 929 236742 312698 893732 969747 674739 851
 
Petroleum activities and ocean transport3580 956627 489155 150157 477160 372153 182155 398
Gross domestic product Mainland Norway, basic values2 605 5062 539 976645 870606 153634 321647 160642 926
¬ Mainland Norway excluding general government (GDP)1 949 7581 889 434482 797449 752470 200480 255477 604
¬¬ Manufacturing and mining (GDP)224 468218 70256 41152 86854 20956 13956 773
¬¬ Production of other goods (GDP)358 099359 63289 21787 62689 89791 44092 101
¬¬ Service activities (GDP)1 367 1921 311 100337 169309 257326 094332 677328 730
¬ General government (GDP)655 748650 541163 073156 401164 121166 905165 322
Taxes and subsidies products397 713389 26096 44192 74098 648100 51496 925

Table 9 
Final expenditure and gross domestic product. Quarter and year. Seasonally adjusted figures. Percentage change in volume from the previous period.

Final expenditure and gross domestic product. Quarter and year. Seasonally adjusted figures. Percentage change in volume from the previous period.1
201920201st quarter 20202nd quarter 20203rd quarter 20204th quarter 20201st quarter 2021
1Figures from 2019 onwards are prelimanry
2Gross domestic product is measured at market prices, while value added by industry is measured at basic prices.
3Includes oil and gas extraction, transport via pipelines and ocean transport.
Final consumption expenditure of households and NPISHs1.4-6.9-3.9-10.19.20.1-4.1
¬ Household final consumption expenditure1.3-6.7-3.9-9.79.30.1-3.9
¬¬ Goods0.05.6-2.06.15.71.1-3.4
¬¬ Services2.8-10.2-4.7-16.712.30.8-5.0
¬¬ Direct purchases abroad by resident households0.9-77.6-15.5-97.3462.0-45.6-24.4
¬¬ Direct purchases by non-residents4.2-67.8-16.5-86.898.045.0-29.9
¬ Final consumption expenditure of NPISHs3.0-11.8-3.6-17.97.71.1-7.4
Final consumption expenditure of general governmen1.91.70.2-2.23.12.4-1.5
¬ Final consumption expenditure of central government1.93.01.7-2.33.21.7-1.7
¬¬¬ Central government, civilian1.62.91.9-2.73.51.7-2.1
¬¬¬ Central government, defence3.83.4-0.30.91.11.21.6
¬ Final consumption expenditure of local government1.90.5-1.1-2.12.93.1-1.4
 
Gross fixed capital formation (GFCF)4.8-3.8-3.7-2.1-1.01.3-1.7
¬ Extraction and transport via pipelines (GFCF)12.6-4.1-5.7-4.5-4.13.4-3.6
¬ Ocean transport (GFCF)-68.277.3101.5-90.2651.2-5.342.3
¬ Mainland Norway (GFCF)4.0-4.1-3.7-0.6-1.00.9-1.6
¬¬ Industries (GFCF)5.6-6.1-3.9-6.00.32.5-0.7
¬¬¬ Services activities incidential to extraction (GFCF)38.7-33.3-20.7-7.3-13.2-30.516.1
¬¬¬ Other services (GFCF)3.5-5.1-1.6-8.42.46.6-4.3
¬¬¬ Manufacturing and mining (GFCF)24.4-11.1-9.4-7.81.8-3.84.8
¬¬¬ Production of other goods (GFCF)-0.6-3.8-5.21.5-5.1-2.65.2
¬¬ Dwelling service (households) (GFCF)-1.7-4.0-2.10.3-1.24.6-1.0
¬¬ General government (GFCF)7.2-1.0-4.66.9-2.4-4.5-3.6
Acquisitions less disposals of valuables5.8-60.1-9.2-86.2221.6-54.7-47.5
Changes in stocks and statistical discrepancies-0.5-24.819.3-54.378.9-25.352.5
Gross capital formation4.1-6.8-1.0-9.54.7-1.93.3
 
Final domestic use of goods and services2.3-4.8-2.0-7.96.20.1-1.3
Final demand from Mainland Norway (excl. changes in stocks)2.1-3.9-2.7-5.75.01.0-2.8
Final demand from general government2.91.2-0.7-0.41.91.0-1.9
 
Total exports0.5-0.5-1.3-7.13.82.2-2.9
¬ Traditional goods (export)4.6-2.2-2.3-7.88.23.12.1
¬ Crude oil and natural gas (export)-4.310.1-2.02.31.21.1-7.6
¬ Ships, oil platforms and aircraft (export)1.4-33.262.5-49.428.9-48.3-0.2
¬ Services (export)3.5-12.9-0.3-19.52.74.5-0.7
 
Total use of goods and services1.8-3.6-1.8-7.75.50.7-1.8
 
Total imports4.7-11.9-2.8-17.29.70.4-5.7
¬ Tradisjonelle varer (import)5.7-2.6-2.4-7.412.91.9-5.5
¬ Crude oil and natural gas (import)5.0-11.2-1.1-29.1-5.516.22.4
¬ Ships, oil platforms and aircraft (import)-12.9-8.639.4-10.1-4.1-38.0-1.8
¬ Services (import)4.7-27.9-6.1-33.74.9-0.4-7.1
 
Gross domestic product, market values20.9-0.8-1.5-4.64.30.8-0.6
Gross domestic product Mainland Norway, market values22.3-2.5-2.0-5.84.92.0-1.0
 
Petroleum activities and ocean transport3-6.18.01.21.51.8-4.51.4
Gross domestic product Mainland Norway, basic values2.5-2.5-1.8-6.14.62.0-0.7
¬ Mainland Norway excluding general government (GDP)2.6-3.1-2.0-6.84.52.1-0.6
¬¬ Manufacturing and mining (GDP)2.7-2.6-1.3-6.32.53.61.1
¬¬ Production of other goods (GDP)1.50.4-0.7-1.82.61.70.7
¬¬ Service activities (GDP)2.8-4.1-2.4-8.35.42.0-1.2
¬ General government (GDP)2.2-0.8-1.4-4.14.91.7-0.9
Taxes and subsidies products1.4-2.1-3.3-3.86.41.9-3.6

About the statistics

The national accounts provide an overview of the state and development in the Norwegian economy. Key figures are gross domestic product (GDP), consumption, gross investment, exports and imports, employment and wages, profitability in industries and productivity. 1st to 3rd quarter is published with monthly national accounts in May, August and November. 4th quarter will be published February the following year.

Definitions

Definitions of the main concepts and variables

See Concepts and definitions in national accounts for explanations.

Valuation

Registration of values: A transaction may be registered at different values, depending on under which circumstances it is registered. Different concepts regarding valuation are also relevant for the general aspect of registration (cf. cash values or accruals values, and other principles for the recording of statistical data). The transactions of variables in the national accounts follow the accrual principle. Thus, taxes and subsidies on production should be registered as accrued values and not as cash values as recorded in the government accounts.

In the description of the transaction of goods and services several price concepts are used. Output is valued at basic prices. Basic price is the price the seller receives, after corresponding taxes on the product are deducted (and subsidies added). The use categories, both intermediate consumption and final use, are valued at purchaser prices, that is the price the purchaser must pay. Exports are valued at fob (free on board), while imports are valued at cif (cost-insurance-freight).

The value added of an industry is "valued" at basic prices (calculated as output at basic prices less intermediate consumption at purchaser prices). The total value added of all the industries is also "valued" at basic prices.

GDP is "valued" at market prices, which means that taxes on products, including VAT, less subsidies on products are added to the total value added of the industries at basic prices.

 

Standard classifications

The accounting system of the Norwegian national accounts is based on the international standards for national accounts, i.e. 2008 SNA and ESA 2010. The accounting system outlines the framework and contents for production of national accounts statistics. The level of detail in the classifications used for compilation of quarterly and preliminary annual national accounts are more aggregated than in that used for calculation of the annual national accounts.

In addition to accounting structure, the international standards give recommendations of groupings or classifications to be used in the national accounts:

Activity classification

The classification of Industries in the National Accounts follows the Norwegian Standard Industrial Classification (SN2007), which is based on NACE Rev.2. Several levels of aggregation have been introduced for publication and reporting purposes.

Classification of non-financial assets and gross fixed capital formation

Non-financial assets are classified by type of aggregates defined in 2008 SNA, such as fixed assets, inventories, valuables, and non-produced assets, including both tangible assets such as land, subsoil-assets, water resources etc., and intangible assets such as transferable contracts etc. Gross fixed capital formation is grouped by main type within building and construction, machinery and equipment and transportation equipment.

Product classification

The product classification used in the national accounts is based on the EU's standard product classification CPA - Statistical Classification of Products by Activity in the European Community. The CPA groups products by activities, i.e. it defines characteristic products within each activity and connects them to the activity classification NACE Rev.2. The annual accounts supply and use tables contain about 700 products, in addition to which some products are also incorporated purely for technical reasons. The system to elaborate preliminary annual and quarterly accounts contains about 90 products. The separation on products might to large extent be considered as a tool to balance the national account system and to undertake calculations in constants prices.

Classification of individual consumption by purpose

The classification of Consumption expenditure groups in the National Accounts is based on the international classification COICOP - Classification of Individual Consumption by Purpose, published by the UN.

Classification of the functions of government

The classification of the functions of government by purpose applies to all types of general government expenses, such as government final consumption expenditure, gross fixed capital formation, subsidies, property rents (i.e. expenses), capital transfers and other transfers for use in government financial accounts and in the national accounts. This classification is based on the international classification COFOG - Classification of the Functions of Government, published by the UN.

Classification of the purpose of non-profit institutions serving households (NPISH)

This is a minor purpose classification which applies to expenses of NPISHs. It is based on the international classification COPNI - Classification of the Purposes of the Non-Profit Institutions Serving Households, published by the UN.

Administrative information

Name and topic

Name: National accounts
Topic: National accounts and business cycles

Next release

Responsible division

Division for National Accounts

Regional level

National level.

Frequency and timeliness

The monthly national accounts (MNA) are published about 40 days after the end of the given month.

The quarterly national accounts (QNA) are published about 40 days after the end of the given quarter. Quarterly figures are calculated as the sum of three months (from monthly national accounts).

The first estimates of the preliminary year is published about 40 days after the end of the year.

 

International reporting

Published figures are reported to Eurostat, the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD).

Microdata

Not relevant

Background

Background and purpose

The national accounts (NA) statistics are designed to provide a consistent and comprehensive survey of the overall national economy. The national accounts give both a summarised description of the economy as a whole and a detailed description of transactions between different parts of the Norwegian economy, and between Norway and the rest of the world. The national accounts also provide information on capital stocks and employment.

The first Norwegian national accounts based on modern principles were published by Statistics Norway in 1952. Annual series national accounts were calculated back to 1865 during the 1950th.

Final annual national accounts figures are based on all available final economic statistics and therefore take time to produce. The purpose of the quarterly national accounts is to provide updated information about short-term developments in the Norwegian economy based on an overall, consistent accounting system. Statistics Norway has produced and released quarterly national accounts (QNA) on a regular basis from 1953 but were not published at fixed intervals from the 1970s to the beginning of the 1980s. A new model for a QNA system was developed at the beginning of the 1980s and has been used since 1985, with some modifications.

National accounts are used as a tool to compare the economic situation in different countries, and therefore it is important that the national accounts in various countries are based on a common template. Staff involved in elaborating national accounts in Statistics Norway participated actively in developing international recommendations and concepts regarding national accounts. The first international standard for national accounts, 1953 System of National Accounts (1953 SNA), was published by UN in 1953.

 From time to time adaptations or changes are made to the common international recommendations for national accounts. This requires corresponding changes in the construction of the Norwegian national accounts. At different time intervals, new source statistics are produced and indicate that parts of the national accounts figures need to be revised. Since one objective of the national accounts is to provide a picture of the development over time which is as correct as possible, it is not possible to introduce such changes from one year to another. With different time intervals, it will therefore be necessary to carry out major revisions of the national accounts figures, so-called main revisions, in order to introduce adaptations due to new international recommendations or introduce new levels based on new statistical sources. As part of these main revisions the time series are also revised so that the revised national accounts can give a consistent picture of the economic development over time.

In recent decades, Statistics Norway has carried out main revisions published in 1995, 2002, 2006, 2011 and 2014. The main purpose of main revision published in November 2014, was to incorporate updated international recommendations in 2008 SNA and ESA 2010. Changes due to this main revision are described, among else, in the article Main revision 2014. Planned changes in the national accounts statistics. See About the statistics for the annual national accounts for more information about main revisions. The publication History of national accounts in Norway. From free research to statistics regulated by law also provides more information about the history of national accounts in Norway, including main revisions. In the future main revisions of the national accounts normally will be carried out every five years.

Since the QNA are completely harmonised with the annual national accounts, it is also necessary to revise the QNA figures once the annual national accounts figures have been revised.

Users and applications

The quarterly figures are mostly used for observation and analysis of the current economic cycle. The QNA figures also serve as a basis for making forecasts of the future economic development, the government’s work with the national budget and other economic planning. In addition, the QNA contribute with material for research and development. Annual and quarterly national accounts are a useful tool for analyses of the economic development and structures in Norway. The national accounts are also used to compare the economy in different countries.

The annual and quarterly national accounts therefore have a wide group of users, from school pupils and students to public and private institutions that actively use the statistics in their analyses and investigation of economic structure and development. Active users include the Research Department in Statistics Norway, the Ministry of Finance, Norges Bank, international organisations such as the IMF, the OECD, the World Bank, the UN and Eurostat, resident and non-resident financial sector analysts, and the media.

Equal treatment of users

No external users have access to the statistics and analyses before they are published and accessible simultaneously for all users on ssb.no at 08.00 am. Prior to this, a minimum of three months' advance notice is given in the Statistics Release Calendar. This is one of Statistics Norway’s key principles for ensuring that all users are treated equally.

Coherence with other statistics

The monthly figures are the basis for quarterly figures, quarterly figures are calculated as the sum of three months. Quarterly figures will be updated when publishing the third month in the quarter. This means that there may be deviations between the monthly and quarterly figures in the two months before the new quarter is calculated. The deviations will mainly apply to seasonally adjusted figures. In addition, the monthly publication includes a table showing rolling numbers for three and three months. The three-month growth is calculated by comparing a three-month period with the previous three-month period. For example, the volume change in the rolling table for July is given by comparing the period May-July with February-April. Figures for March, June, September and December will correspond to growth for a quarter.


All historical figures are consistent with both preliminary and final annual national accounts figures in fixed and current prices

The Norwegian Balance of Payments (BOP) is an integrated part of the Norwegian system of national accounts, and the BOP figures are fully consistent with other preliminary and final quarterly and annual national accounts figures. Furthermore, quarterly and annual national accounts figures are fully consistent and compatible with the institutional sector accounts. The regional national accounts, and various satellite accounts (environment, tourism, health,non-profit institutions) are consistent with the above mentioned national accounts statistics. Previous published figures from the regional accounts and various satellite accounts are, however, not revised as a part of main revision of the national accounts, so figures for previous years may not necessarily be compatible with updated NA time series.

As mentioned in the chapter "Production: Data sources and sampling", the national accounts are based on various statistical sources. The source statistics may not use the same definitions or groupings as used in the national accounts. As a result, figures in the source statistics may be adapted or corrected before being used in the national accounts. Published figures in the source statistics of certain industries may therefore not correspond to published figures in the national accounts.

 

Legal authority

Not relevant

EEA reference

  • Regulation (EU) No 549/2013 (ESA 2010).
  • The European Parliament and of the council of 21 May 2013 on the European system of national and regional accounts in the European Union (text with EEA relevance).

Production

Population

The coverage of the national accounts is defined by international guidelines in the 2008 System of National Accounts (2008 SNA), published by the UN, the OECD, the IMF, the World Bank, and the Commission of the European Communities, and the European System of National and Regional Accounts (ESA 2010).

The total national economy, and the distinction between the national economy and foreign countries, is defined in terms of resident units. A unit is defined as a resident unit of the country when it has a centre of economic interest in the economic territory of the country - i.e. when it is involved in economic activities on this territory for an extended period of time (one year or more).

Two basic types of information are recorded in the national accounts: flows and stocks. Flows refer to actions and effects of events that take place within a given period of time, for example the output of an industry in one year. Stocks refer to positions at a certain point of time, for example the value of capital stock or the number of employed persons.

The national accounts consist of two main sets of tables; supply and use tables (SUT), also described as the real accounts, and the institutional sector accounts. The real accounts are based on local kind-of-activity units (KAUs), while the institutional sector accounts are based on institutional units. Institutional units are economic entities that are capable of owning goods and assets, of incurring liabilities and of engaging in economic activities and transactions with other units in their own right. An institutional unit contains one or more local kind-of-activity units (local KAUs). The local KAUs are classified by type of activity. An activity is characterised by an input of products, a production process and an output of products. All local KAUs engaged in the same or similar kind-of-activity constitute an industry.

The SUT at current and constant prices gives a structured overview of the supply (output and import) and use (final consumption, gross fixed capital formation, changes in inventories, export and intermediate consumption) of products (goods and services) in the economy. For each industry the value added is calculated as the difference between output and intermediate consumption. The value added in an industry can also be decomposed into compensation of employees, consumption of fixed capital, other taxes on production (net of subsidies) and operating surplus. The real accounts also give information on fixed assets, as well as wages, hours worked, full-time equivalent persons and employed persons by industry. Monthly national accounts does not include figures for employment etc..

Furthermore, the real accounts provide the basis for the calculation of the Gross Domestic Product (GDP) and other central macroeconomic measures. The annual growth in volume and price are calculated for most variables.

The non-financial sector accounts are based on institutional units. Institutional units are capable of providing a full set of accounts. The non-financial sector accounts describe all economic transactions in the various sectors. The accounts also provide information on the stocks financial and non-financial capital. Financial sector accounts are also based on institutional units. The institutional units are grouped in institutional sectors on the basis of their principal economic functions, behavior and objectives. The non-financial sector accounts are consistent with the real accounts. The further description of the national accounts covers the part of the national accounts that is based on the annual SUT (the real accounts).

The coverage of the preliminary annual and quarterly real accounts is the same as the final annual SUT

The accounting structure in the system that produces monthly, quarterly and preliminary annual figures (MNA) is, however, more aggregated than in the system that produces the final annual SUT. While the SUT in the annual accounts consists of about 130 industry groups and 700 product groups, the SUT in the MNA consists of about 80 industry groups and 120 product groups. The MNA and QNA system produces tables with seasonal adjusted figures for industries' value added, household consumption for aggregated consumption groups and for central macroeconomic measures. However, only tables for final expenditure and gross domestic product are published on a monthly basis, while the QNA contain more details.

Data sources and sampling

The calculations of the annual real accounts are based on statistics from several different sources, such as the structural business statistics for manufacturing and other industries, accounting statistics for general government and enterprises, statistics for wages and earnings, external trade statistics, household consumer surveys and employment statistics. Some parts of the national accounts are compiled more or less directly from the source statistics, while other parts are based on calculations and estimates.

Monthly information is used for compiling monthly national accounts, such as the production index of industrial production, the index for retail sales, consumer price index, building statistics, producer price indices and much more. For some service industries where we lack explicit production indicators, monthly information about jobs, working days and absence is obtained from the A-ordning. For investments where we only have quarterly information, such as oil investments, quarterly figures are conventionally distributed by month. In the months before we get the so-called oil census, the development is used in the planned investment figures reported together with those performed for a quarter. In connection with the work on the QNA, quarterly information is incorporated and an update of the previous months is made. Quarterly national accounts will appear as the sum of the three months in the quarter.

The source statistics used to calculate national accounts are with a few exceptions produced by Statistics Norway.

Having the reporting responsibility to Eurostat, the Division for National Accounts occasionally documents the calculations for the final annual national accounts, see Norwegian National Accounts - GNI Inventory for ESA95.

In addition, there are a number of reports giving more detailed documentation of calculation of figures for various specific industry groups or other parts of the national accounts (mostly in Norwegian only).

The documentation report for the Quarterly national accounts gives an overview of central sources and methods used for quarterly accounts compilation. This will be updated in the autumn of 2018 to include monthly national accounts.

Collection of data, editing and estimations

Compilation of the final annual real accounts

The annual national accounts are mainly based on statistics collected by other divisions in Statistics Norway. To some extent data produced by external suppliers are also used.

The process of compiling the final annual national accounts starts with the calculation of independent supply and use estimates for all goods and services at current prices. To some extent, source data are extracted directly from the databases and converted into national accounts codes and format. Other parts of the economy are based on more complex calculations, by means of different statistical sources and/or assessments.

The source data are critically evaluated and compared with alternative sources (for some parts of the economy). In some areas, the statistics have to be adjusted in order to satisfy the requirements of the national accounts. In areas where the statistics are incomplete, evaluations are essential. In the process of estimating national accounts data, estimated national accounts figures are critically evaluated and controlled in several steps.

Finally, supply and use for each of these goods and services are balanced using supplementary information and quality assessments of the various statistical sources. This results in integrated supply and use tables at current prices.

The figure below gives an outline of the calculation system for final annual national accounts figures. First, detailed figures are calculated and balanced in current prices. Then the system calculates figures in constant prices, based on the detailed current price figures and corresponding price indices. The deflation (current values being divided by price indices) takes place at the most detailed product level: A price index is allocated to each detailed product. The individual products are as price homogeneous as possible. Constant price figures in the annual national accounts are calculated using the price level of the previous year, which means that the base year is changed every
year.

The deflation approach has in fact two dimensions, (i) differentiated by main categories of supply and use (deflating output, imports, exports and implicitly for domestic use), and (ii) differentiated through valuation (deflating current values at basic prices by price indices and implicitly determining the other value components, including adjustments against values at purchaser prices). The method used to calculate constant figures is called double deflation, i.e. a separate deflation of output and intermediate consumption is carried out in order to arrive at value added at constant prices as a balancing item, based on a detailed input-output framework (supply and use tables).

Figure 1. The calculation system for final annual NA figures  (Click)

For a more detailed  documentation, see Norwegian National Accounts - GNI Inventory for ESA95.

Compilation of the MNA and QNA

The majority of the short-term statistics produced by Statistics Norway are transferred to the MNA system by use of a direct link to the relevant databases. The information in the data sources about growth is used more or less directly in the MNA system. Some other input data series in the MNA system, however, are based more or less on calculations and estimations, using various types of information from Statistics Norway and other sources. Quarterly figures are calculated as the sum of three months

The national accounts data for a specific month, quarter or year are revised in accordance with an ordinary publication and revision cycle. The quarterly figures within a specific year t become final 21 months later after the end of the year t. In addition, periodical main revisions generate revised figures.

In the process of calculating MNA or QNA figures for a specific month or quarter, the short-term statistics source data are critically evaluated and compared with alternative sources (for some parts of the economy). In some cases, the information in the source statistics must be adjusted in order to satisfy the requirements of the quarterly national accounts. In the process to estimate MNA data estimated MNA figures are critically evaluated and controlled in many steps.

Monthly process

The figure below gives an overview of the Norwegian MNA and QNA estimation process. The figure shows that the MNA system is based on two main pillars: a) The SUT for the (final) annual national accounts and b) short-term statistics.

Figure 2. The computing system in the Norwegian MNA/QNA

knr1-en

The main principle in the MNA system is that the national accounts figures for the current quarter are computed based on the development of short-term indicators and the current-price figures from the base year. The base year (t-2) is the latest calculated final version of the annual national accounts. The method is the same for most common variables: The value in the base year is given the same growth rate (percentage change) as in the appropriate indicator, or a grouping of different relevant indicators.

A simple projection method, based on the development in previous periods, is used if an indicator does not cover the whole period from the base year to the current quarter.

The indicator compilations are made in the indicator process (box 2 in the figure).

However, the indicator process alone does not give a complete harmonised account at current and constant prices. To calculate values for variables that are not calculated in the indicator compilations, and to harmonise the accounts, we use an input-output model (box 3 in the figure).

The input-output model includes a commodity-flow balance, a price input-output system and a set of equations for summaries and definitions. It now comprises over 12 000 equations in total. The input-output coefficients are calculated from the SUT in the base year. The variables calculated in the indicator compilations are transferred to the input-output model as exogenous variables. To calculate balanced accounts at current prices we need price indices on all supply and use categories. These are computed in the model by weighting together product price indices with the input-output coefficients as weights. Each product gets three different price indices, one for resident output delivered to the home market (to resident users), a second for import and a third for export.

The price index for an industry’s total output is then calculated as a weighted average of the price indices for the home and export market using the input-output coefficients as weights. The price indices of intermediate consumption, final consumption expenditure and gross fixed capital formation are calculated in a similar way, using the import and home market price indices and the input-output coefficients.

The model also calculates variables which are not covered by short-term statistics or other information and therefore not calculated in the indicator process. These calculations are based on simple assumptions. For instance, intermediate consumption for most industries at constant prices (the total except FISIM) is assumed to be a fixed proportion of total output for the relevant industry. The distribution of intermediate consumption (except FISIM) on different products at constant prices is also assumed to be the same as in the base year. The industries’ use of FISIM as intermediate consumption is supposed to equal the growth in total output of FISIM services. Output in the retail and wholesale trade activities in constant prices is assumed to follow the development of the use of the various goods in constant prices, such as household consumption, intermediate consumption and gross fixed capital formation of the various specific goods (that means supposed fixed margins).

Changes in stock of separate products are (for most products) calculated as the difference between the total supply and use of the product. As in the annual NA, the changes in stock may be adjusted if that seems reasonable after an evaluation of the figures.

The results are stored in the time series database (box 4 in the figure), which, among other things, provides the basis for different sets of tables (box 6). At the moment there are two different sets of tables (with seasonal unadjusted figures), sets for internal checks and analyses of data and more aggregated sets of data for publishing.

Process 1-4 describes how the quarterly seasonally unadjusted figures are estimated. The unadjusted figures are seasonally adjusted (box 5) using a seasonal adjustment program.

The method adopted to compile the MNA is highly mechanical. This applies to the update of variables in the national accounts based on short-term statistics as well as the balancing of commodities, the computation of indirect taxes and factor incomes and the overall balancing of the GDP and main aggregates. Technically, the data systems are programmed in FAME and TROLL (the latter is used for the input-output model only).

Checks and/or the evaluation of data are, however, performed in several steps. The MNA system offers a unique opportunity to compare different types of input data. The evaluation of the different sources is done in close contact with the relevant statistics divisions in Statistics Norway. A more thorough evaluation is being done when processing and publishing quarterly figures, while the monthly process is more automated and less profound. Therefore, only final expenditure and gross domestic product are published on a monthly basis while the quarterly accounts offer more details.

Quarterly figures are calculated as the total of three months at quarterly releases. Quarterly figures will be updated only when publishing the third month in the quarter. This means that there may be a mismatch between the monthly and quarterly figures in the interim months. This applies mainly to seasonally adjusted numbers. That is, when you get a new observation (new month), it will normally affect the seasonally adjusted figures back in time. We do not update the QNA numbers that have also been sent to international organizations before the next quarters release. At the same time, we show figures for three-month growth. This is calculated by comparing a three-month period with the previous three-month period. For example, the volume change in July is given by comparing the period May-July with February-April. Figures for March, June, September and December will correspond to growth for a quarter. This means that users may get a continuous update of the quarterly figures by looking at the monthly publication.

Annual process and alignment

The MNA system is updated with a new base year every year (i.e. the latest final version of the annual accounts). The database for the annual accounts (box 1a), as well as the base data and coefficients in the harmonisation model (box 3) are updated. At the same time, it is possible to implement new indicators, carry out changes in the input series and in the model, etc. Such changes are not carried out in an ordinary monthly or quarterly process.

The recalculation of the monthly accounts is carried out by distributing the annual figures between the months using the original monthly figures as keys. The recalculated monthly accounts will then add up to the annual accounts at constant and current prices.

The harmonisation is based on the principle that the differences between the monthly changes to the original and harmonised series shall be as small as possible. The monthly accounts should add up to the figures in the annual accounts.

When the base year is updated the MNA for that year is aligned automatically.

Reference year

All figures are published at current prices and (for most sizes) constant prices (i.e. the accounts also specify volume and price changes). Constant-price estimates in the national accounts are calculated based on the previous year's prices; i.e. the base year is changed every year. Subsequently, data on volume changes are constructed in terms of growth rates and corresponding implicit data on changes in prices. In parallel, time series of volume figures are constructed by using prices from a reference year. The constant-price estimates are consistent with the data on changes in volume in the series of growth rates. Since the chaining is carried out separately for all items, the table components do not, however, necessarily add up to the totals of the same table.

The publication Quarterly national accounts gives more information about sources, methods and the processes used to calculate quaterly NA figures. This will be updated in the autumn of 2018 to include monthly national accounts.

 

Seasonal adjustment

The methods and routines used to produce seasonally adjusted figures are described in the chapter About seasonal adjustment.

Confidentiality

§ 2-6 of the Statistics Act states that data under no circumstances shall be published in such a way that they may be traced back to the supplier. This means that the general rule is not to publish data if there are fewer than three enterprises in an industry. In practice, this means that for some detailed industry categories, figures must be aggregated up to a more aggregated industry group before they can be published.

Comparability over time and space

Consistent monthly time series will exist back to 2016. Consistent quarterly time series will exist back to 1978 and annual time series back to 1970. Annual NA figures for the years 1865-1970 are based on the previous standards used for the national accounts and are not compatible with the up to date figures after the latest main revision of the NA.

Quarterly figures are calculated as the sum of three months. Quarterly figures will be updated only when publishing the third month in the quarter. This means that there may be mismatch between the monthly and quarterly figures in the interim months, see the description of the monthly process above.

Monthly figures, and thus quarterly figures, are aligned with the final annual national accounts figures, both in fixed and current prices. The other parts of the national accounts, such as income and capital accounts, and foreign accounts are also consistent and consistent with MNA.

Accuracy and reliability

Sources of error and uncertainty

The national accounts are based on various statistical sources. The sources are either survey data from establishments, enterprises or households, or data from registers. National accounts statistics reflect the inaccuracy in the statistical sources and the methods of compilation. Weaknesses and inaccuracy in the statistical sources are normally described in the documentation of the relevant sources.

Since the national accounts are an integrated system with balancing methods and consistency checks, the national accounts may reduce some of the inaccuracies in the statistical sources. On the other hand, national accounts require the compilation of statistics in areas where the sources are unsatisfactory, and the inaccuracy in such areas may therefore be significant. Some of the figures in the national accounts are estimated as residuals, and the uncertainty may be substantial in these areas. Examples are the compilation of changes in inventories and operating surplus by activity.

The EU Commission and Eurostat have completed a quality evaluation of the national accounts in all EEA countries. The conclusion was that "The Norwegian national accounts are of a high quality, soundly based on reliable and exhaustive sources, integrated in a system with a detailed product breakdown". (Report on the sources and methods used in compiling GNP in Norway, Eurostat/B1/CPNB/237/EN, 9 December 1997, Luxembourg.)

The International Monetary Fund (IMF) completed an evaluation of central parts of Norwegian macroeconomic statistics in autumn 2002, including the Norwegian national accounts. In the report IMF (2003), the Norwegian macroeconomic statistics, including the national accounts, got positive reviews: "In summary, Norway's macroeconomic statistics are of generally high quality." About the national accounts, the IMF also expressed that: "The source data for both the annual and the quarterly national accounts are generally sound and timely, and sufficiently portray reality."

The production of several of the sources that are used in the national accounts takes a considerable amount of time. Consequently, preliminary figures are more inaccurate than final figures.

In 2003, Statistics Norway carried out a project to evaluate the quality of the Norwegian QNA. The task of the project was to describe and evaluate the different processes in the system, and set up a plan for further work to improve quality. A project report was released in April 2004 (in Norwegian only). The report lists a variety of measures to increase quality, such as changes in the organisation of the QNA process, technical changes in the data system, an increase and improvement of the documentation related to the QNA system etc.

Another way of measuring the general quality of the QNA figures is to compare the preliminary annual figures from the first version of the annual accounts (by adding up the quarters in the QNA) with the final version. This was done in 2004. The article (in Norwegian only) looks at the growth rates of the main aggregates: GDP, GDP for mainland Norway, household consumption, government consumption, gross fixed capital formation, exports, imports and compensation of employees. For most variables, the study covers the years 1972-2002, while for some variables it covers the years 1993-2002. The study concludes that the preliminary figures generally had underestimated the growth rate in relation to the final figures, but that the overall picture did not differ too much.

 

Revision

The national accounts data for a specific month, quarter or year are revised in accordance with an ordinary publication and revision cycle. The monthly and quarterly figures within a specific year t have the status final 21 months after the end of the year. See Administrative information, Frequency and timeliness. In addition, periodical main revisions give revised figures. See Background and purpose. The table below shows the publication cycle for yearly and quarterly national accounts figures. In addition to what is stated in the table, monthly data will be published about 40 days after the end of the month. In May, year t (which coincides with the QNR for the first quarter), all months, also in year t-1, can be revised. After May year t, only the monthly figures for the current year are subject to revision.

Publication cycle for quarterly and yearly national accounts figures

Release date in:

 1st quarter year t

2nd quarter year t

3rd quarter year t

4th quarter year t

May, year t

First preliminary version

Revised 3 for year t-1

Revised 2 for year t-1

Revised 1 for year t-1

August, year t

Revised 1

Revised 5 for year t-1

Final for year t-2

First preliminary version

Revised 4 for year t-1

Final for year t-2

Revised 3 for year t-1

Final for year t-2

Revised 2 for year t-1

Final for year t-2

November, year t

Revised 2

Revised 1

First preliminary version

Revised 3 for year t-1

February, year t

Revised 3 for year t-1

Revised 2 for year t-1

Revised 1

First preliminary version for year t-1