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National accounts and business cycles: National accounts

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  • Largest trade deficit since 1981

    Preliminary figures show that the balance of goods and services in the third quarter of 2020 ended at NOK -20 billion. This is an all-time low. The trade deficit should be seen in the light of the corona pandemic. Both exports and imports are redu...

    Article
  • Final National Accounts for Norway 2018 for production and value added

    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 ove...

    Article
  • Declining growth rate for mainland GDP through Q3

    Seasonally adjusted figures from the national accounts show that Mainland Norway's GDP rose 0,6 per cent in September, making it the fifth consecutive estimation of monthly growth. The level of activity in September was still close to 3 per cent l...

    Article
  • National accounts for Q3 2020 will be moved to Tuesday 17 November

    Statistics Norway postpones the publication of quarterly national accounts for September and Q3 2020, as well as the final annual figures for 2018 from Thursday November 12th to Tuesday November 17th.

    Article
  • Natural gas pulls PPI up

    The producer price index (PPI) increased by 4.1 per cent in October. The increase in price of natural gas was the most important contributor, while several industrial industries and electricity also increased.

    Article
  • This is Norway 2020

    This is Norway presents statistics from a variety of areas and seeks to give an overview of Norwegian society and its developments in recent years.

    Publication
  • Continued increase in PPI

    The producer price index (PPI) continued August’s increase in September, after having dropped continuously through 2020. The total index rose by 2.8 percent this month, with increased price on natural gas as the main driver.

    Article
  • Declining growth rate for mainland GDP in august

    GDP for Mainland-Norway rose 0.6 per cent in August, according to seasonally adjusted national accounts figures. Despite rising economic activity for four consecutive months, activity levels were still 3.9 per cent lower in August than in February.

    Article
  • First price increase in PPI since December

    Increasing prices within energy goods lead to a 1.2 per cent rise in the overall PPI from July to August 2020. Natural gas had the stongest influence, but higher prices on refined petroleum products and electricity were also important contributors.

    Article
  • Slight rise in mainland GDP in July

    GDP for Mainland-Norway rose 1.1 per cent in July, according to seasonally adjusted national accounts figures. Despite growth over the past three months, activity levels were still 4.7 per cent lower in July than in February.

    Article
  • Balance of income and current transfers create current account surplus

    Balance of income and current transfers were measured at almost NOK 28 billion in the 2nd quarter of 2020. Both income from- and expenditures to the Rest of the world (ROW) are reduced significantly, with the expenditure falling the most. The curr...

    Article
  • The decline in the Norwegian economy in the second quarter was the deepest ever recorded

    Seasonally adjusted figures from the national accounts show that Mainland Norway's GDP rose 3.7 per cent in June, after 2.2 per cent growth in May. The level of activity was still just under 6 per cent lower in June than in February, due to large ...

    Article
  • Unchanged PPI from June to July

    The total PPI was unchanged from June to July 2020. Price increases in refined petroleum products and crude oil evened out the downturn in other groups within energy goods and manufacturing industries.

    Article
  • Continued downturn in PPI

    The producer price index (PPI) fell in June for the sixth month in a row. The downturn came both outside and inside the energy goods.

    Article
  • Increase in Mainland GDP in May

    Mainland Norway's GDP rose 2.4 per cent from April to May, adjusted for normal seasonal fluctuations. The growth came after two months of sharp decline following the outbreak of the Corona pandemic and subsequent infection control measures. Despit...

    Article