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National accounts and business cycles: National accounts
All content for subtopic national accounts
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Price decrease on energy goods
The price of electricity has steadily fallen during the spring of 2019, from the record breaking year of 2018. It continued this downward trend in June which, together with other energy products, contributed to a steep decline in the producer pric...
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Steady growth in mainland GDP
Growth in gross domestic product (GDP) for mainland Norway was 0.7 per cent in March to May compared with December to February. GDP for mainland Norway grew by 0.3 per cent from April to May.
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Continued fall in gas prices
The price of natural gas fell for the seventh consecutive month and was the main reason behind the 1 per cent drop in the PPI in May. Higher prices on petroleum products contributed in the opposite direction.
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Stable growth in mainland GDP
Growth in the gross domestic product (GDP) for mainland Norway was 0.4 per cent in February to April compared with November to January. GDP for mainland Norway grew 0.3 per cent from March to April.
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Weaker surplus in the balance of goods and services
The balance of goods and services is weakened both measured against last quarter and against the same quarter in the previous year. Looking at the development from the previous quarter the decline in exports was caused by a drop in the income from...
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Revision of national accounts time series
On 29th August this year Statistics Norway will publish revised national accounts time series. Both the level and the growth rates of GDP are only to a minor extent affected by the revisions.
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Sustained growth in the mainland-economy
Gross domestic product (GDP) for mainland-Norway grew by 0.3 percent in the 1. quarter of 2019, after an increase of 1.1 percent in the preceding quarter (seasonally adjusted). This development can partly be attributed to an unusually strong incre...
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Rise in crude oil price
A price increase on crude oil made for an overall increase in the producer price index (PPI) in April. The increase was somewhat reduced by a fall in prices of natural gas and electricity.
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Lower gas prices
A fall in prices on natural gas and electricity outweighed a slight rise in the oil price in March. The producer price index fell by 2.1 per cent this month.
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Sustained growth in the Norwegian economy
Growth in the gross domestic product (GDP) for mainland Norway was 0.6 per cent between December and February compared with September to November. A sharp decrease in the production of electricity reduced the growth by nearly 0.2 percentage points.
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Revisions in the annual national accounts
Reports 2019/07
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PPI continued to rise
The Producer Price Index (PPI) rose by 0.4 per cent from January to February. Higher prices on crude oil and refined petroleum products contributed strongly to pull the PPI upwards. The price index of electricity went in the opposite direction.
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The solid growth in mainland GDP continues
Growth in the gross domestic product (GDP) for mainland Norway was 0.8 per cent in November to January compared with August to October. GDP for mainland Norway grew 0.3 per cent from December to January.
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Weak balance of income and current transfers
The balance of income and current transfers was negative for the 4th quarter of 2018. The last time this happened was in 2013.
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PPI went up
After two months of significant decreases, the Producer Price Index (PPI) rose 0.3 per cent from December to January. Increased prices on fish, electricity and crude oil were the main contributors.
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