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10246
Small changes in regional share of GDP
statistikk
2007-04-03T10:00:00.000Z
National accounts and business cycles;Svalbard
en
fnr, Regional accounts, gross domestic product, GDP, value added, GDP per capita, gross investments, household consumption, household income, disposible income, gross product by industry, wage costs, employeesNational accounts and business cycles, National accounts , National accounts and business cycles, Svalbard
false

Regional accounts, 2004

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Small changes in regional share of GDP

The regional pattern of value-added remained stable in 2004 even though GDP per employed person and GDP per inhabitant was higher in 2004 than in 2003. Finnmark had the highest ratio at gross fixed capital formation of GDP in 2004.

Gross Domestic Product per region per inhabitant and per employed person, 2004. Total excluded Norwegian shelf and Svalbard.

The regional accounts for Norway 2004, was estimated based on the newly revised yearly national account (published at 5. Dec 2006), however the earlier published Regional accounts for Norway haven’t been revised, which leads to some difficulties comparing the absolute values in 2004 with the earlier years.

An illustration of the indexes of GDP per inhabitant and GDP per employed person compared to the national average is showed on the figure. The national average on the figure was estimated excluded the economic activities on the Norwegian continental shelf and Svalbard. As before, Oslo and Akershus are at the top, while Rogaland and Hordaland also lie above the national average. The regions to the north of Nord-Trøndelag have the lowest indexes compared to the national average.

We can see from the values that the regional differences between counties were larger in 2004 compared to 2003. For Oslo/Akershus, the index for GDP per employed person was at 113, while in 2003 the same index was 107. The shares of the GDP in Oslo/Akershus in these two years are both at 25 per cent. Higher index in 2004 could be due to the difference background before and after revision, therefore the interpretation of this change should be conducted carefully.

The index of the GDP per inhabitant is higher than the index of the GDP per employed person in Oslo and Akershus, probably due to commuting from the counties around them. In addition the differences of portion of employed persons of inhabitant will contribute the differences between these two indexes.

Main results, Regional accounts 2004, Norwegian counties per inhabitant and per employed person. Total ex. the Norwegian shelf = 100
  GDP per inhabitant NOK GDP per employed persons. NOK Household Final Consumption Expenditures per innhabitant. NOK Household's disposable income per inhabitant NOK GDP per inhabitant, index GDP per employed persons, index GFCF share of GDP
Total  379 590  750 308  164 250  173 882     18
Total ex norwegian shelf and Svalbard  295 979  588 288  164 250  173 882  100  100  
               
østfold  227 747  548 958  160 455  165 113 77 93 18
Akershus  302 545  638 959  170 429  183 672  102  109 14
Oslo/Akershus  434 688  666 136  177 829  201 240  147  113 14
Oslo  558 174  680 803  184 745  217 657  189  116 14
Hedmark  235 565  548 407  158 040  160 361 80 93 19
Oppland  225 234  511 123  156 532  160 206 76 87 18
Buskerud  251 374  560 834  164 011  173 611 85 95 18
Vestfold  241 000  564 408  166 632  176 742 81 96 17
Telemark  231 590  549 724  164 181  166 067 78 93 21
Aust-Agder  211 633  527 757  164 633  170 837 72 90 26
Vest-Agder  253 287  567 922  163 272  171 147 86 97 22
Rogaland  316 907  612 257  161 076  170 048  107  104 21
Hordaland  303 040  602 881  160 257  168 964  102  102 18
Sogn og Fjordane  255 910  536 737  159 138  163 100 86 91 19
Møre og Romsdal  256 193  572 492  155 627  162 722 87 97 23
Sør-Trøndelag  273 983  550 731  159 206  164 743 93 94 20
Nord-Trøndelag  207 691  483 246  152 408  152 736 70 82 23
Nordland  229 726  514 948  154 262  154 965 78 88 19
Troms Romsa  245 023  496 268  162 505  163 541 83 84 24
Finnmark Finnmárku  207 236  457 782  172 623  171 269 70 78 92
The Norwegian shelf mv. - 29 936 301 - -     15
GDP, employments, GFCF, Household Final Consumption Expenditure, Region Pattern. Total=100
  GDP. NOK million Employed persons.
1 000 		Gross Fixed Capital Formation.
NOK million 		Household Final Consumption Expenditures.
NOK million
Total 1 743 041 2 323  314 239  754 220
         
østfold 3 5 3 5
Akershus 9 10 7 11
Oslo/Akershus 25 29 20 24
Oslo 17 19 13 13
Hedmark 3 3 3 4
Oppland 2 3 2 4
Buskerud 4 5 4 5
Vestfold 3 4 3 5
Telemark 2 3 3 4
Aust-Agder 1 2 2 2
Vest-Agder 2 3 3 3
Rogaland 7 9 8 8
Hordaland 8 10 8 9
Sogn og Fjordane 2 2 2 2
Møre og Romsdal 4 5 5 5
Sør-Trøndelag 4 6 5 6
Nord-Trøndelag 2 2 2 3
Nordland 3 5 3 5
Troms Romsa 2 3 3 3
Finnmark Finnmárku 1 1 4 2
Norwegian shelf, mv. 22 1 18 -

Finnmark has the largest gross fixed capital formation share of GDP

Measured as a percentage of regional GDP, Finnmark had the largest fixed capital formation with a share of 92 per cent. This is still due to the Snøhvit project. Oslo had the smallest share, with gross fixed capital formation equal to 14 per cent of the GDPR.

The activities on the Norwegian Continental shelf, together with the counties Oslo, Akershus, Rogaland, and Hordaland had the largest formation of fixed capital in 2004. Decrease in the gross fixed capital formation in the continental shelf continues from 2003 to 2004.

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