Table

Main economic indicators 2009-2022. Accounts and forecasts. Percentage change from previous year unless otherwise noted
 200920102011201220132014201520162017*2018*Forecasts
 2019202020212022
1Consumption in households and non-profit organizations + general government consumption + gross fixed capital formation in mainland Norway.
2Change in stockbuilding. Per cent of GDP.
3Employees.
4According to Statistics Norway's labour force survey(LFS).
5CPI adjusted for tax changes and excluding energy products.
6Yearly average.
7Increasing index implies depreciation.
8Current account not adjusted for saving in pension funds.
9Average spot price Brent Blend.
Demand and output              
Consumption in households etc.0.03.82.33.52.82.12.61.32.22.02.22.32.32.3
General government consumption4.12.21.01.61.02.72.42.12.51.51.81.81.61.6
Gross fixed investment-6.8-6.47.57.66.3-0.3-4.05.23.60.94.71.21.01.1
Extraction and transport via pipelines2.9-8.011.414.619.0-1.8-12.2-16.0-3.83.312.9-0.61.01.5
mainland Norway-10.4-6.45.07.42.90.4-0.210.77.00.72.11.71.01.0
Industries-18.4-9.51.110.5-3.2-0.7-2.816.59.31.83.11.61.31.7
Housing-8.1-1.617.010.95.3-1.43.26.67.0-6.01.02.20.4-0.3
General government7.7-4.81.1-1.811.84.40.26.73.66.61.71.41.31.0
Demand from Mainland Norway1-1.41.22.53.72.31.92.03.53.31.62.12.11.81.8
Stockbuilding2-1.81.30.2-0.50.5-0.2-0.1-0.30.40.1-0.20.00.00.0
Exports-4.10.6-0.81.6-1.73.14.71.1-0.2-0.81.05.43.32.2
Traditional goods-8.03.3-0.1-0.21.33.16.9-8.61.72.53.83.53.63.5
Crude oil and natural gas-1.6-6.9-5.60.5-5.52.72.14.91.5-4.8-1.410.34.50.9
Imports-10.38.43.93.05.02.41.63.31.60.93.31.61.82.1
Traditional goods-12.19.24.62.62.32.13.2-0.12.73.12.82.22.22.2
Gross domestic product-1.70.71.02.71.02.02.01.22.01.42.03.12.21.8
Mainland Norway-1.71.91.93.72.32.21.41.12.02.22.42.32.01.9
Manufacturing-7.82.11.72.03.32.8-4.6-4.90.00.91.63.62.61.8
Labour market              
Total hours worked, Mainland Norway3-2.00.21.71.80.31.40.70.50.41.71.41.80.90.9
Employed persons-0.5-0.51.52.11.11.20.40.21.11.51.20.71.00.6
Labor force40.20.61.31.61.20.71.50.2-0.21.41.20.70.90.4
Participation rate (level)472.571.771.571.471.270.771.070.469.770.270.670.871.271.2
Unemployment rate (level)43.33.83.43.33.83.64.54.74.23.83.73.73.73.6
Prices and wages              
Wages per standard man-year4.23.74.24.03.93.12.81.82.32.83.33.53.63.6
Consumer price index (CPI)2.22.41.30.62.12.12.13.61.82.72.31.71.92.1
CPI-ATE52.61.31.01.31.52.52.73.11.41.62.31.92.12.2
Export prices, traditional goods-6.04.55.8-1.92.73.42.04.05.45.81.91.30.90.9
Import prices, traditional goods-1.50.04.00.31.54.44.71.83.75.13.21.21.41.4
Housing prices1.98.28.06.84.02.76.17.05.01.42.10.80.91.8
Income, interest rates and excange rate              
Household real income3.22.34.14.43.92.95.5-1.71.42.42.12.72.62.2
Household saving ratio (level)5.24.05.97.17.48.210.37.36.76.56.77.58.28.2
Money market rate (level)2.52.52.92.21.81.71.31.10.91.11.41.92.32.3
Lending rate, credit loans(level)64.03.43.63.94.03.93.22.62.62.63.03.43.83.8
Real after-tax lending rate, banks (level)0.70.11.32.10.80.80.1-1.60.1-0.70.21.01.10.9
Importweighted krone exchange rate (44 countries)73.3-3.7-2.4-1.22.25.310.51.8-0.80.12.20.10.00.0
NOK per euro (level)8.738.017.797.477.818.358.959.299.339.609.769.769.769.76
Current account              
Current balance (bill. NOK)8261284346371316331246125186285300377392394
Current account (per cent of GDP)10.610.912.312.410.210.58.14.05.78.18.19.79.79.4
International indicators              
Exports markets indicator-9.611.46.31.32.25.35.73.94.93.53.83.74.04.4
Consumer price index, euro-area0.31.62.72.51.30.40.00.21.51.71.41.61.71.8
Money market rate, euro(level)1.20.81.40.60.20.20.0-0.3-0.3-0.3-0.3-0.10.30.5
Crude oil price NOK (level)9392485622650639627431379452583571564551538