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National accounts and business cycles: National accounts

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  • Continued drop in PPI

    Heavy price falls on natural gas and refined petroleum products lead to a decrease of 2.7 percent in the producer price index for May. This comes despite a solid increase in prices on crude oil this month.

    Article
  • Mainland Norway's GDP fell 4.7 percent in April

    This follows a 6.9 per cent fall from February to March, and Mainland GDP was thus 11.3 per cent lower in April than in February. The underlying data indicates some increase in economic activity towards the end of the month.

    Article
  • Strong balance of income and current transfers

    Balance of income and current transfers were measured at almost NOK 39 billion in the 1st quarter of 2020. This is the highest ever measured in a quarter. Investment income is contributing with net income of NOK 46 billion while net current transf...

    Article
  • Mainland GDP fell slightly more in March than first projected

    Seasonally adjusted figures from the National Accounts show a 2.1 per cent decline in mainland-GDP in Q1 and 6.9 per cent from February to March. The development in March, when COVID-19 infection control measures were implemented, pulled down Q1 g...

    Article
  • Energy prices continue to drop

    Significant price reductions on most energy goods caused a further decrease in the Producer Price Index in April. Natural gas had a positive price development, but only due to a weak Norwegian krone.

    Article
  • Preliminary figures show a 6.4 per cent decline in Mainland GDP for March

    The Norwegian economy came to a halt in the second half of March 2020. Preliminary figures from the National Accounts show a 6.4 per cent fall in mainland GDP in March, adjusted for normal seasonal variations. This translates to a 1.9 per cent dec...

    Article
  • An uneasy world made its mark on PPI

    March saw the largest monthly decrease in producer price index (PPI) in over 15 years. Uncertainties relating to the corona pandemic and the petroleum markets' are the main causes of this downturn.

    Article
  • Slow growth in the mainland economy continues

    Seasonally adjusted figures from the National accounts show a 0.1 per cent growth in gross domestic product (GDP) for mainland Norway from September-November to December-February. The growth rate is thus unchanged from January. The monthly growth ...

    Article
  • Downturn in export prices in February

    The producer price index (PPI) fell by 3.3 per cent from January to February. Reduced export prices on oil and gas had the largest impact, but reduced electricity prices were another contributing factor.

    Article
  • Slow growth in the mainland economy

    Seasonally adjusted figures from the National accounts show a 0.1 percent growth in gross domestic product (GDP) for mainland Norway from August-October to November-January. The growth rate is thus unchanged from the previous three-month period. T...

    Article
  • Weak current account balance

    The current account balance is estimated at NOK 19 billion in the preliminary figures for 2019. We need to go back to 4th quarter of 2017 to find equally low figures.

    Article
  • Electricity prices drove PPI down

    The first month of the decade resulted in a downturn in the producer price index (PPI). The lion’s share of this downturn came from most of the energy goods. A smaller dip in the prices on crude oil and natural gas was joined by a larger fall in p...

    Article
  • Weaker mainland-GDP growth in the final months of 2019

    The growth rate of the gross domestic product of mainland Norway (excluding overseas shipping and petroleum) was 0.2 percent in the 4. quarter, following moderate growth in the preceding three quarters. Annual growth was 2.3 percent in 2019 (2.2 p...

    Article
  • Revisions in the annual national accounts

    Reports 2020/06

    Publication
  • Petroleumdriven upturn in PPI

    The last month of the decade gave a large bump in the producer price index (PPI). This increase was mainly driven by the petroleum sector, while the electricity prices pushed in the other direction.

    Article