Lower than expected GDP growth in 1995

The gross domestic product grew by 3.3 percent from 1994 to 1995, measured in fixed prices. This is 0.4 percentage points lower than what was presented in the first estimates for 1995 in February this year, according the revised national accounts figures for 1993-1995.

The reason for the revision is due to several factors. Among other things, new information on fourth quarter 1995 has been incorporated. Moreover, revised figures for 1993 were incorporated as a new basis for the calculations. The estimates for manufacturing and private and public services have been adjusted downwards, and GDP growth for mainland Norway has been estimated at 2.7 percent, 0.6 percentage points lower than the estimates in February.

New Statistics

National accounts 1988-1995.
National accounts figures are published in the Weekly Bulletin of Statistics, in Economic Analyses and in the Official Statistics of Norway (NOS). More information: Ann Lisbet Brathaug, tel. +47 21 09 48 52, Pia Tønjum, tel. +47 21 09 48 34 or Elisabeth Nørgaard, tel. +47 21 09 49 25 (balance of payments).

Weekly Bulletin Is.18, 1996