National accounts and business cycles
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National accountsJuly 2020



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Final expenditure and gross domestic product. Seasonally adjusted. Percentage change in volume12
YearRolling three-month sumMonth
20182019February 2020 - April 2020March 2020 - May 2020April 2020 - June 2020May 2020 - July 2020July 2020
1Figures from 2018 onwards are preliminary.
2Volume change in rolling three months is calculated by comparing a three-month period with the previous three-month period, for example GDP in May to July compared with February to April. Furthermore, a quarter will be the sum of three months. For example, the January-March period will refer to the first quarter.
Gross domestic product1.31.2-4.7-7.4-5.2-0.31.1
Gross domestic product Mainland Norway2.22.3-5.8-8.9-6.4-0.41.1
Petroleum activities and ocean transport-3.7-
Final domestic use of goods and services2.12.4-7.6-11.8-8.1-0.50.5
Final consumption expenditure of households and NPISH1.91.5-10.6-16.3-11.3-0.42.9
Final consumption expenditure of general government1.41.7-1.9-3.0-
Gross fixed capital formation (GFCF)2.86.1-4.4-4.8-
Total exports-0.21.5-4.4-6.9-8.3-4.05.6
Total imports1.95.2-12.6-19.6-17.2-5.14.4
Employed persons1.61.6..-1.3.
Total hours worked1.81.8..-4.2.