Table

Main economic indicators 2009-2021. Accounts and forecasts. Percentage change from previous year unless otherwise noted
 20092010201120122013201420152016*2017*Forecasts
 2018201920202021
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.
5Yearly average. Lending rate, banks until 2006.
6Increasing index implies depreciation.
7Current account not adjusted for saving in pension funds.
8Average spot price Brent Blend.
Demand and output             
Consumption in households etc.0.03.82.33.52.82.12.61.32.22.52.62.52.6
General government consumption4.12.21.01.61.02.72.42.12.51.81.71.81.7
Gross fixed investment-6.8-6.47.57.66.3-0.3-4.05.23.60.64.03.11.6
Extraction and transport via pipelines2.9-8.011.414.619.0-1.8-12.2-16.0-3.84.310.13.9-0.4
mainland Norway-10.4-6.45.07.42.90.4-0.210.77.0-0.12.32.92.2
Industries-18.4-9.51.110.5-3.2-0.7-2.816.59.34.74.73.52.5
Housing-8.1-1.617.010.95.3-1.43.26.67.0-10.3-0.24.42.9
General government7.7-4.81.1-1.811.84.40.26.73.63.00.40.61.0
Demand from Mainland Norway1-1.41.22.53.72.31.92.03.53.31.72.32.42.3
Stockbuilding2-2.13.7-0.3-0.30.3-0.1-0.5-0.42.30.80.00.00.0
Exports-4.10.6-0.81.6-1.73.14.71.1-0.20.62.23.63.8
Traditional goods-8.03.3-0.1-0.21.33.16.9-8.61.73.43.23.53.4
Crude oil and natural gas-1.6-6.9-5.60.5-5.52.72.14.91.5-3.10.05.25.3
Imports-10.38.43.93.05.02.41.63.31.62.73.72.92.6
Traditional goods-12.19.24.62.62.32.13.2-0.12.73.84.13.22.9
Gross domestic product-1.70.71.02.71.02.02.01.22.01.82.12.62.5
Mainland Norway-1.71.91.93.72.32.21.41.12.02.32.42.42.2
Manufacturing-7.82.11.72.03.32.8-4.6-4.90.02.82.62.51.6
Labour market             
Total hours worked, Mainland Norway-2.00.21.71.80.31.40.70.40.31.31.41.20.8
Employed persons-0.5-0.51.52.11.11.20.40.21.11.41.41.20.8
Labor force30.00.51.01.81.01.11.40.2-0.21.11.31.20.9
Participation rate (level)372.871.971.471.571.271.071.270.469.769.970.470.971.2
Unemployment rate (level)33.23.63.33.23.53.54.44.74.23.93.83.73.7
Prices and wages             
Wages per standard man-year4.23.74.24.04.03.12.81.72.32.83.33.64.0
Consumer price index (CPI)2.12.51.20.82.12.02.13.61.92.81.71.52.0
CPI-ATE42.61.40.91.21.62.42.73.11.41.51.71.82.0
Export prices, traditional goods-5.944.05.8-1.92.63.42.03.65.46.91.1-0.50.4
Import prices, traditional goods-1.5-0.14.00.31.54.44.71.83.62.91.20.91.5
Housing prices1.98.28.06.84.02.76.17.05.01.20.91.11.2
Income, interest rates and excange rate             
Household real income3.22.34.14.43.92.95.5-1.71.62.53.13.43.0
Household saving ratio (level)5.24.05.97.17.48.210.37.16.96.97.38.79.1
Money market rate (level)2.52.52.92.21.81.71.31.10.91.11.41.92.4
Lending rate, credit loans(level)54.03.43.63.94.03.93.22.62.62.73.13.43.8
Real after-tax lending rate, banks (level)0.70.11.32.10.70.80.1-1.60.1-0.70.71.20.9
Importweighted krone exchange rate (44 countries)63.3-3.8-2.4-1.22.25.310.41.9-0.8-0.2-1.6-1.9-0.5
NOK per euro (level)8.738.017.797.477.818.358.959.299.339.599.349.179.12
Current account             
Current balance (bill. NOK)7261284346371316331246124186309337347362
Current account (per cent of GDP)10.710.912.412.510.310.58.14.05.78.79.19.09.0
International indicators             
Exports markets indicator-9.611.16.51.42.05.25.14.04.83.64.94.64.5
Consumer price index, euro-area0.31.62.72.51.40.40.00.21.51.71.81.92.0
Money market rate, euro(level)1.20.81.40.60.20.20.0-0.3-0.3-0.20.30.50.9
Crude oil price NOK (level)8388485621650639622431378445568598586583