Table

Main economic indicators 2003-2016. Accounts and forecasts. Percentage change from previous year unless otherwise noted
 200320042005200620072008200920102011*2012*Forecasts
 2013201420152016
1Consumption in households and non-profit organizations + general government consumption + gross fixed capital formation in mainland Norway.
2Change in stockbuilding. Per cent of GDP.
3According to Statistics Norway's labour force survey(LFS). Break in data series in 2006.
4CPI adjusted for tax changes and excluding energy products.
5Break in data series in 2004.
6Yearly average. Lending rate, banks until 2006.
7Increasing index implies depreciation.
8Average spot price Brent Blend.
Demand and output              
Consumption in households etc.3.25.44.45.05.41.80.03.82.63.02.32.33.63.9
General government consumption1.31.21.41.92.72.74.31.31.11.82.02.42.42.2
Gross fixed investment0.811.113.59.811.40.2-7.5-8.07.78.36.42.52.03.9
Extraction and transport via pipelines15.910.419.24.06.15.23.4-9.511.314.615.84.80.41.6
mainland Norway-2.910.612.210.513.3-1.3-13.2-4.56.34.52.71.72.95.2
Industries-11.210.618.615.221.90.8-23.1-5.12.34.91.03.34.54.3
Housing1.816.39.74.02.7-9.0-8.2-1.616.17.36.4-2.5-2.95.8
General government12.53.92.09.78.04.57.4-6.82.2-0.40.65.38.06.3
Demand from Mainland Norway11.65.14.95.26.31.4-1.61.52.82.92.32.23.13.7
Stockbuilding2-1.12.3-0.11.1-0.2-0.1-2.83.5-0.1-0.1-0.40.00.00.0
Exports-0.11.00.5-0.81.40.1-4.20.4-0.71.1-2.52.31.62.1
Crude oil and natural gas-0.8-0.7-5.0-6.6-2.4-1.3-2.0-6.9-5.60.7-5.32.3-0.10.4
Traditional goods3.73.65.36.19.23.5-8.03.4-0.11.70.81.23.23.9
Imports1.29.77.99.110.03.9-12.59.03.82.32.22.94.24.6
Traditional goods5.712.88.411.67.21.2-12.99.14.12.42.01.43.84.6
Gross domestic product1.04.02.62.32.70.1-1.60.51.32.90.72.11.92.5
Mainland Norway1.34.54.44.85.31.5-1.61.72.63.41.82.12.53.1
Manufacturing2.95.13.92.63.52.9-7.42.41.52.73.43.32.83.7
Labour market              
Total hours worked, Mainland Norway-2.11.91.53.34.33.5-2.30.01.81.90.81.11.21.5
Employed persons-1.20.51.33.54.13.3-0.4-0.51.62.21.40.90.91.4
Labor force3-0.10.30.81.62.53.40.00.51.01.81.01.11.21.4
Participation rate (level)372.972.672.472.072.873.972.871.971.471.571.371.070.970.9
Unemployment rate (level)34.54.54.63.42.52.63.23.63.33.23.53.63.73.6
Prices and wages              
Wages per standard man-year4.53.53.34.15.46.34.23.74.24.03.93.63.63.9
Consumer price index (CPI)2.50.41.62.30.83.82.12.51.20.82.12.02.02.2
CPI-ATE4..0.41.00.81.42.62.61.40.91.21.62.12.12.3
Export prices, traditional goods-1.08.44.011.32.42.8-6.04.55.8-3.62.32.01.21.7
Import prices, traditional goods0.03.70.34.03.73.9-1.50.14.00.61.82.91.41.8
Housing prices51.710.18.213.712.6-1.11.98.38.06.73.9-2.22.74.6
Income, interest rates and excange rate              
Household real income4.63.37.8-6.46.34.04.12.74.63.22.52.63.53.8
Household saving ratio (level)9.07.09.8-0.50.93.87.15.87.88.68.79.29.18.9
Money market rate (level)4.12.02.23.15.06.22.52.52.92.21.81.71.82.5
Lending rate, credit loans(level)66.54.23.94.35.06.84.03.43.63.94.04.14.04.2
Real after-tax lending rate, banks (level)2.22.51.30.72.91.10.70.11.32.10.70.90.90.8
Importweighted krone exchange rate (44 countries)71.33.0-3.90.7-1.80.03.3-3.7-2.4-1.22.02.10.00.0
NOK per euro (level)8.08.48.08.18.08.28.78.07.87.57.88.18.18.1
Current account              
Current balance (bill. NOK)195.2220.6322.8357.7287.4408.3279.3303.2372.2417.2352.2330.3268.3228.1
Current balance (per cent of GDP)12.312.616.516.412.516.011.711.913.514.311.710.68.46.9
International indicators              
Exports markets indicator-7.67.77.09.65.71.1-10.311.05.51.41.33.34.56.0
Consumer price index, euro-area2.12.12.22.22.23.30.31.72.72.51.30.61.01.6
Money market rate, euro(level)2.32.12.23.14.34.61.20.81.40.50.20.20.50.9
Crude oil price NOK (level)8201255356423423536388484621649634593545543