National accounts
Statistics
Analyses, articles and publications
Modeling exchange rate, inflation, and interest rate in a small open economy
Building on a New Keynesian rational expectations framework, we develop a structural empirical model that jointly determines the real exchange rate, inflation, and the nominal interest rate in a small open economy.
Use of Gross Domestic Product in Measurement of Government Expenditure – with an example from Statistics on Education Expenditure
In Norway’s reporting to the OECD’s Education at a Glance (EaG) statistics, Mainland Norway’s gross domestic product (GDP MN) is used as the reference measure to calculate the share of expenditure on education. All other countries in this statistical publication use total GDP as the reference.
Norwegian economy increased in the first quarter
Mainland Norway's GDP grew 1.0 per cent in the first quarter of 2025, after a decline of 0.4 per cent in the first quarter of 2024. The increase in the first quarter was broadly based, but the growth was particularly strong in power production and retail trade.
Weak growth in the Norwegian economy i 2024
Mainland Norway's gross domestic product (GDP) increased 0.6 per cent from 2023 to 2024, measured in constant prices. Total GDP grew by 2.1 per cent due to high activity in the extraction industry.
Measuring the asset value of petroleum resources in Norway
This document presents the experimental work for measuring the asset value of petroleum resources on the Norwegian continental shelf over the period 1970-2021 by means of the net present value (NPV) method.
Norwegian economy increased more than previously published
New figures show that GDP Mainland Norway increased 4.3 per cent in 2022, measured in fixed prices. That is 0.6 percentage points more than previously estimated. In the 3rd quarter of 2024 GDP Mainland Norway increased 0.5 per cent.
The revision of the national accounts has been postponed
Statistics Norway has been working on a major revision of the time series in the national accounts, with planned publication in November and December 2024. This publication has been postponed, partly because of challenges related to incorporating updated source data.
The SNOW Global Model
This document provides an algebraic description of the SNOW Global model (SNOW-Global), a multi-sectormulti-region computable general equilibrium (CGE) model tailored to analyze energy, environmental andclimate policies in the world including Norway as a separate region.
Mainland economy at a standstill and high activity in oil and gas extraction
Mainland Norway's GDP increased 0.1 per cent in Q2 2024. High activity in the oil and gas extraction industry led to a 1.4 per cent increase in total GDP.
Weak Development in Norwegian Economy in First Quarter
GDP Mainland Norway grew by 0.2 percent in the first quarter of 2024. Households reduced purchases of durable goods, especially cars. Gross fixed capital formation in dwelling services continued to fall.
Older, analyses, articles and publication
for subtopic national accounts.