Main economic indicators. Accounts and forecasts
Main economic indicators. Accounts and forecasts1
201320142015201620172018201920202021Forecasts
2022202320242025
Demand and output
Consumption in households etc2.82.12.71.12.21.61.1-6.65.07.83.32.22.4
General government consumption1.02.72.42.31.90.51.31.83.91.21.22.01.6
Gross fixed investment6.3-0.3-4.03.92.62.29.5-5.6-0.33.34.33.21.0
Extraction and transport via pipelines19.0-1.8-12.2-16.0-5.40.714.3-4.1-2.8-6.09.06.50.0
Gross fixed investment mainland Norway2.90.4-0.29.06.81.56.3-3.60.84.53.42.51.3
Industries-3.2-0.7-2.812.69.23.110.3-5.02.27.25.32.40.9
Housing5.3-1.43.26.67.3-6.5-1.1-4.02.62.52.22.01.6
General government11.84.50.26.42.68.17.5-1.1-3.12.21.23.01.7
Demand from Mainland Norway2 2.31.92.03.13.11.32.3-3.63.75.22.72.21.9
Exports-1.83.44.31.11.7-1.21.1-1.24.84.23.52.61.5
Exports of traditional goods1.33.16.9-8.61.71.54.9-2.56.71.82.52.83.2
Exports of crude oil and natural gas-5.52.72.14.95.1-5.0-3.711.92.83.34.92.3-1.3
Imports5.02.01.92.71.91.45.1-11.92.08.24.33.63.0
Imports of traditional goods1.81.92.8-0.23.82.95.6-2.55.44.42.82.42.5
Gross domestic product1.02.02.01.12.31.10.7-0.73.93.52.72.11.3
GDP Mainland Norway2.32.21.40.92.02.22.0-2.34.23.62.52.11.7
GDP Manufacturing3.32.8-4.6-4.20.01.72.0-2.53.03.11.11.11.3
Labour market
Total hours worked, Mainland Norway0.41.40.60.60.51.61.5-2.12.52.10.41.01.4
Employed persons1.11.00.40.31.11.61.6-1.51.22.40.80.50.8
Labor force1.20.71.50.2-0.21.41.00.42.20.91.20.40.4
Participation rate (level)71.270.771.070.469.770.270.570.472.172.473.072.972.9
Unemployment rate (level)3.83.64.54.74.23.83.74.64.43.53.63.63.6
Prices and wages
Wages per standard man-year3.93.12.81.72.32.83.53.13.53.63.83.83.6
Consumer price index (CPI)2.12.02.13.61.82.72.21.33.53.31.81.91.9
CPI-ATE3 1.62.42.73.01.41.62.23.01.72.12.02.12.1
Export prices, traditional goods2.73.42.04.05.26.20.7-3.413.112.0-2.1-0.40.4
Import prices, traditional goods1.44.34.61.73.54.62.54.25.55.20.40.91.2
Housing prices4.02.76.17.05.01.42.53.910.54.83.62.40.9
Income, interest rates and excange rate
Household real income4.02.35.4-1.62.01.02.12.03.22.73.12.42.4
Household saving ratio (level)7.27.79.86.96.65.97.014.213.18.58.69.09.2
Money market rate (level)1.81.71.31.10.91.11.60.70.51.21.72.02.0
Lending rate, credit loans (level)4 4.03.93.22.62.62.73.02.62.12.63.13.53.5
Real after-tax lending rate, banks (level)0.70.80.1-1.60.1-0.70.20.7-1.8-1.30.60.80.8
Import-weighted NOK exchange rate (44 countries)5 2.25.310.51.8-0.80.12.96.7-5.3-1.9-0.20.00.0
NOK per euro (level)7.818.358.959.299.339.609.8510.7210.169.889.869.869.86
Current account
Current balance (NOK billion)6 317341250138180283103386361 065811637515
Current account (per cent of GDP)10.310.88.04.55.58.02.91.115.321.716.713.110.4
International indicators
Exports markets indicator1.84.85.43.85.64.13.1-8.49.26.94.84.55.0
Consumer price index, euro-area1.40.40.20.21.51.81.20.32.65.21.22.02.0
Money market rate, euro (level)0.20.20.0-0.3-0.3-0.3-0.4-0.4-0.5-0.20.50.81.5
Crude oil price USD (level)7 1091005345557264437198868076
Crude oil price NOK (level)7 639627431379452583564407609888776720687
1Percentage change from previous year unless otherwise noted.
2Consumption in households and non-profit organizations + general government consumption + gross fixed capital formation in mainland Norway.
3CPI adjusted for tax changes and excluding energy products.
4Yearly average. Credit lines, secured on dwellings.
5Increasing index implies depreciation.
6Current account not adjusted for saving in pension funds.
7Average spot price Brent Blend.
Explanation of symbols