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National accounts and business cycles: National accounts
All content for subtopic national accounts
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Flattening growth in mainland GDP
Seasonally adjusted figures from the National accounts show a 0.3 per cent growth in gross domestic product (GDP) for mainland Norway from June-August to September-November. This is a decline from 0.4 per cent growth in the previous three-month pe...
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Price increase on all energy goods
After two months of fall with marginal bumps in the Producer Price Index, November did see a somewhat stronger price increase. The increase of 1,7 percent in the total index was mainly a result of increased prices on all energy products.
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Decreasing growth in the mainland-economy
Growth in gross domestic product (GDP) for mainland Norway was 0.3 per cent higher in August to October compared with May to July, seasonally adjusted figures show. Monthly growth from September to October was 0.1 per cent.
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Weaker current account balance
The current account balance in 3rd quarter of 2019 showed a surplus of NOK 24 billion. This is almost NOK 60 million lower than it was in the same quarter of 2018. The main explanation of the weak current account balance is lower export of oil and...
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Growth rate tapered off throughout the third quarter
Gross domestic product for mainland Norway (excluding shipping and petroleum extraction) grew by 0.7 percent from the second to third quarter, which is the same growth rate as the previous quarter. The growth was particularly strong in July and ta...
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The resource rent in Norwegian aquaculture and power production from 1984 to 2018
Reports 2019/34
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Gaps in prices on energy goods
The prices on crude oil and natural gas sank in October. However, the total index for energy goods did not go down noticeably. This was caused by the prices on both refined petroleum products and electricity getting an upturn.
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Shocks in supply drives energy prices
An attack on Saudi-Arabia’s oil production led to a sudden jump in oil prices, while surpluses of natural gas led to a decrease in the Norwegian producer price index (PPI). The PPI excluding energy products increased marginally, mainly due to high...
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Sustained activity in the mainland-economy
Growth in gross domestic product (GDP) for mainland Norway was 0.7 per cent in June to August compared with March to May, shows seasonally adjusted figures. Monthly growth from July to August declined 0.2 per cent, following a 0.8 per cent increas...
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Price increase on natural gas
A reduction in the price of crude oil of almost 5 per cent decreased the producer price index (PPI) from July to August, but with a sharp increase in the price of natural gas, the drop in the total index was minimal.
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Revision of the national accounts time series
Like in most European countries, Norway has completed a revision of the national accounts time series. The aim of this periodic revision was to incorporate new information. There have not been any changes in the definitions. The growth rate in mac...
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The steady growth in mainland GDP continues
Growth in gross domestic product (GDP) for mainland Norway was 0.9 per cent in May to July compared with February to April. Monthly growth from June to July was 1.0 per cent.
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Weaker current account balance
The current account balance in 2nd quarter of 2019 showed a surplus of NOK 31 billion. This is almost half of what it was in the same quarter of 2018. The main explanation of the weak current account balance is lower export of oil and natural gas.
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Strong economic growth in Norway
Gross domestic product (GDP) for mainland-Norway (i.e. excluding shipping and oil and gas extraction) grew by 0.7 per cent from the first to the second quarter, according to seasonally adjusted figures. Additionally, first quarter growth figures a...
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Expected pricedrop for refined products
A pricefall in June for crude oil and natural gas gave a steep decline in the prices for refined petroleum products in July. The prices for electricity got an upturn after five months of falling, and thus had a dampening effect on the producer pri...
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