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National accounts and business cycles
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Oil and Gas statistics
Documents 2017/24
Norway found oil in the late 1960s, the emergence of the petroleum industry led to changes in the National Statistics system. The purpose of this report is to share both challenges and experiences covering petroleum activities in statistics produc...
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The start of a moderate upturn in the economy?
The upswing in the mainland economy in the first quarter of 2017 is assumed to mark the end of the downturn that followed the fall in oil prices in 2014. Slightly higher income growth is expected to push up consumer growth.
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Minor growth in manufacturing output
Norwegian manufacturing output increased by 0.5 per cent from February to April 2017 compared to the previous three-month period, according to seasonally-adjusted figures. From March to April 2017, manufacturing output went up 1.6 per cent.
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Decreased real disposable income for households
Disposable income in households increased by NOK 2 billion in the first quarter of 2017 according to seasonally adjusted figures. This corresponds to a decrease in real disposable income of 2.4 per cent.
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Increase in current account surplus
A higher balance of goods and services’ surplus and a somewhat stable investment income from abroad gave a strong current account balance for Norway in the 1st quarter of 2017.
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Stable household consumption of goods
Household consumption of goods rose 0.1 per cent from March to April 2017, according to seasonally adjusted figures. There was a decrease in purchases of vehicles and petrol, while the consumption of other goods was higher in April than in the mon...
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Life expectancy and claiming behavior in a flexible pension system
Discussion Papers no. 859
We study the relationship between early claiming of pensions and incentives in the highly flexible Norwegian public pension system, measuring incentives to claim based on an estimated model for expected longevity.
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Increased growth in the mainland economy
After 0.4 per cent growth in the 4th quarter of 2016, gross domestic product (GDP) for mainland Norway increased by 0.6 per cent in the 1st quarter of 2017. It is slightly higher than the projected trend growth.
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Price drop in natural gas
The producer price index fell due to lower prices on energy goods such as natural gas, electricity and refined petroleum products. Higher prices within manufacturing and on crude oil curbed the fall in the total index.
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Signs of improvement despite reduced stocks
Compared with the first quarter of 2016, total stocks in the order-based industry fell by 19 per cent in the first quarter of 2017. Total stocks are now showing signs of levelling out. New orders were up 21 per cent in the same period.
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Fiscal multipliers in the Norwegian economy
Reports 2017/09
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Strong growth in consumption from foreign tourists
Foreign tourists spent NOK 45 billion in Norway in 2015, according to preliminary results. This group’s tourism consumption in Norway constituted 28.6 per cent of the total tourism consumption. The corresponding figure for 2013 was 26.3 per cent.
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Long term impacts of class size in compulsory school
Discussion Papers no. 858
How does class size in compulsory school affect peoples’ long run education and earnings?
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Economic Survey 1-2017
As a consequence of the fall in demand from the petroleum industry, the Norwegian economy has been in a clear cyclical downturn since the autumn of 2014. However, there are signs that the decline is coming to an end, and our projections indicate a...
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Labor supply analysis with non-convex Budget sets without the Hausman approach
Discussion Papers no. 857
When the budget set is non-convex the application of the Hausman approach to estimate labor supply functions will in general be cumbersome because labor supply no longer depends solely on marginal criteria (first order conditions).
Publication