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10244
Fast economic growth in Oslo
statistikk
2008-04-01T10:00:00.000Z
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, 2005

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Fast economic growth in Oslo

The differences in Gross Domestic Product (GDP) per capita between Oslo and the rest of the country increased from 2004 to 2005, but outside the capital the differences became smaller.

Gross Domestic Product per Region per inhabitant and per employed person 2004. Total excluding Norwegian continental shelf and Svalbard = 100

Oslo still has the largest GDP per capita. In 2005, GDP per capita in Oslo exceeded NOK 600 000 for the first time and GDP per employed person was higher than NOK 700 000. The corresponding figures for Nord-Trøndelag county, which was at the bottom of the ranking, were NOK 499 046 and NOK 217 471 respectively.

However, the figures for regions outside Oslo show that the differences between regions became smaller. In 2005, five counties had a GDP per capita lower than 80 per cent of the national average, compared with seven counties in 2004. The lowest index for GDP per employed person in 2005 was 81, compared with 78 in 2004. Finnmark county now has a higher GDP per capita than Nord-Trøndelag.

Continental shelf had the highest contribution to value added in Norway

Table 2 shows the percentage distribution of GDP by county, number of employed persons, gross fixed capital formation and consumption and household disposable income. Due to the high price of oil in 2005, the Norwegian continental shelf contributed about one fourth to the GDP. The four counties Oslo, Akershus, Rogaland and Hordaland contributed nearly 40 per cent to the GDP.


Main results, Regional accounts 2005, Norwegian counties per inhabitant and per employed person. Total ex. the Norwegian shelf=1001. Corrected 2 April 2008
  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  414 297  827 373  171 421  187 346     19
Total ex norwegian shelf and Svalbard  307 601  618 674      100  100  
               
østfold  238 780  559 803  165 810  173 355 78 90 19
Akershus  289 518  629 712  182 039  201 196 94  102 18
Oslo/Akershus  450 741  712 984  189 905  223 225  147  115 16
Oslo  600 959  757 976  197 235  243 752  195  123 16
Hedmark  246 774  568 544  160 129  163 217 80 92 19
Oppland  235 333  523 451  159 517  164 103 77 85 24
Buskerud  265 960  585 075  170 319  187 771 86 95 18
Vestfold  254 504  578 720  170 442  185 314 83 94 20
Telemark  249 469  570 662  166 425  171 291 81 92 24
Aust-Agder  229 508  544 784  162 567  171 357 75 88 25
Vest-Agder  270 386  586 137  165 691  182 918 88 95 20
Rogaland  336 073  651 206  175 458  192 985  109  105 23
Hordaland  324 197  637 668  172 831  189 682  105  103 19
Sogn og Fjordane  282 355  582 029  155 511  161 849 92 94 17
Møre og Romsdal  270 430  589 788  162 053  177 168 88 95 34
Sør-Trøndelag  290 351  586 549  166 413  177 202 94 95 20
Nord-Trøndelag  217 471  499 046  151 670  155 446 71 81 22
Nordland  246 934  542 083  159 203  162 665 80 88 18
Troms Romsa  254 089  505 469  165 101  169 383 83 82 20
Finnmark Finnmárku  239 306  500 994  163 040  162 807 78 81 64
The Norwegian shelf mv. - 30 100 981 - -     14
1  I tabellen er landsgjennomsnittet satt lik 100, hvor kontinentalsokkelen og Svalbard er ekskludert.

GDP, employments, GFCF, Household Final Consumption Expenditure, Region Pattern. Total=100. Corrected 2 April 2008
  GDP. NOK million Employed persons. 1 000 Gross Fixed Capital Formation. NOK million Household Final Consumption Expenditures. NOK million Household disposable income. NOK million
Total 1 945 717 2 352  365 564  792 530  866 153
           
østfold 3 5 3 5 5
Akershus 7 10 7 11 12
Oslo/Akershus 24 28 21 25 27
Oslo 16 18 14 13 15
Hedmark 2 3 2 4 4
Oppland 2 4 3 4 3
Buskerud 3 5 3 5 5
Vestfold 3 4 3 5 5
Telemark 2 3 3 3 3
Aust-Agder 1 2 2 2 2
Vest-Agder 2 3 2 3 3
Rogaland 7 9 8 9 9
Hordaland 8 10 8 10 10
Sogn og Fjordane 2 2 1 2 2
Møre og Romsdal 3 5 6 5 5
Sør-Trøndelag 4 6 4 6 6
Nord-Trøndelag 1 2 2 2 2
Nordland 3 5 3 5 4
Troms Romsa 2 3 2 3 3
Finnmark Finnmárku 1 1 3 2 1
Norwegian shelf, mv. 26 1 20 - -

Uncertain figures for employed persons

From 2004 to 2005, the number of employed persons increased by 1.2 per cent in Norway. However, the regional accounts show a decrease in the number of employed persons in Oslo. This is due to that the wholesale and retail trade industry employs 9 500 fewer people in Oslo and the fact that a major financial company moved out of Oslo. The wholesale and retail trade industry has always had a high percentage of part-time and short-term employees, and changes in the county distribution of part-time and full-time employees make the figure for number of employees uncertain.

Increased investments

Gross fixed capital formation increased by NOK 51.3 billion at the national level from 2004 to 2005, of which NOK 8.3 billion was invested in Møre og Romsdal and another NOK 10 billion was invested in the four counties Oppland, Buskerud, Vestfold and Telemark. If we look at gross investments as a share of GDP, Finnmark still has the largest figure followed by Møre og Romsdal.

Household disposable income and final consumption expenditure

As in previous years, Oslo had the highest disposable income per inhabitant with NOK 244 000. This is about 30 per cent higher than the average for the entire country. Nord-Trøndelag continued to have the lowest disposable income per inhabitant at about 17 per cent below the national average. The gap between the highest and lowest disposable income per inhabitant was NOK 90 000 in 2005, which was considerably higher than in 2004. However, the household final consumption expenditure per inhabitant was more evenly distributed between the counties.

Revisions

During autumn 2007, the regional accounts were revised back to 1997 due to a major revision of the national time series in 2006 (published in December 2006). StatBank Norway contains revised tables with comparable figures .

Tables: