20581_not-searchable
/en/nasjonalregnskap-og-konjunkturer/statistikker/knri/arkiv
20581
Continued high savings for households
statistikk
2005-12-06T10:00:00.000Z
National accounts and business cycles
en
nri, Annual non-financial sector accounts, national accounts, general government, non-financial enterprises, financial enterprises, households, non-profit organisations, production, production price, operating profit, income, saving, saving rate, disposable income, FISM, net financial investments, dividendsNational accounts , National accounts and business cycles
false

Annual non-financial sector accounts, national accounts, 2003-2004

A of 7 June 2017 the statistics will be published as Quarterly non-Financial sector accounts, national accounts.

The institutional sector accounts record economic transactions of the institutional sectors in national accounts. Non-financial and financial accounts by institutional sector is updated quarterly in StatBank.

Content

Published:

This is an archived release.

Go to latest release

Continued high savings for households

According to preliminary national accounts figures for 2004, the savings ratio for households and non-profit institutions serving households (NPISH) is 10.1 per cent. Disposable income for Norway in 2004 shows the highest growth since 2000.

Statistics Norway has revised the figures for 2003 and 2004.

Disposable income and saving for Norway

Norway had a growth in disposable income of 9.0 per cent from 2003 to 2004, the highest increase since 2000. Disposable income for Norway is currently estimated to NOK 1 466 billion for 2004. The significant growth in 2000 and 2004 is related to strong growth in the prices of many export products, in particular oil and gas. The savings rate for Norway has increased from 20.1 percent in 2003 to 22.8 per cent in 2004.

Households and NPISHs

Revised 2004 savings figures show that the household sector's savings ratio is 10.1 per cent. This is the highest observed savings ratio in the period 1978-2004. Net lending in the household sector was NOK 48.8 billion in 2004, compared to NOK 48.9 billion in 2003.