National accounts and business cycles: National accounts

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  • GDP for Mainland Norway decreased 2.5 per cent in 2020

    Preliminary figures from the National Accounts for 2020 show that GDP for Mainland Norway fell 2.5 per cent from 2019. Mainland GDP growth was 1.9 per cent in the 4th quarter and activity levels grew 1 per cent in December.

  • Solid price growth in PPI by year’s beginning

    The producer price index (PPI) increased by 5.3 per cent in January. An increase in prices on several energy goods contributed strongly to this increase. The prices on electricity had the largest percentage wise increase.

  • Moderate downturn in the Mainland Economy in November

    GDP for mainland Norway decreased by 0.9 per cent in November, seasonally adjusted figures show. The decline followed six consecutive months of growth after the abrupt downturn in the spring. Monthly activity in the Mainland economy in November wa...

  • Price increase in PPI by year’s end

    The producer price index (PPI) increased by 1.6 percent in December. An increase in prices on several energy goods contributed to this increase. The price decrease in some manufacturing industries dampened the increase in PPI.

  • Higher prices on crude oil and natural gas

    The producer price index (PPI) increased by 4.5 per cent in November, mainly due to higher prices on crude oil and natural gas as well as refined petroleum products.

  • Steady recovery in the Mainland economy continues in October

    GDP for mainland Norway increased by 1.2 per cent in October, seasonally adjusted figures show. Adjusted for unusually strong activity in traditional fishing, the growth was closer to 0.9 per cent. Monthly activity in the Mainland economy in Octob...

  • Largest trade deficit since 1981

    Preliminary figures show that the balance of goods and services in the third quarter of 2020 ended at NOK -20 billion. This is an all-time low. The trade deficit should be seen in the light of the corona pandemic. Both exports and imports are redu...

  • Final National Accounts for Norway 2018 for production and value added

    2018 was a good year for the Norwegian Economy. The Gross Domestic Product (GDP) for Mainland Norway grew by 2.2 per cent from the previous year, in line with preliminary estimates published in February 2019. Final figures have not changed the ove...

  • Declining growth rate for mainland GDP through Q3

    Seasonally adjusted figures from the national accounts show that Mainland Norway's GDP rose 0,6 per cent in September, making it the fifth consecutive estimation of monthly growth. The level of activity in September was still close to 3 per cent l...

  • National accounts for Q3 2020 will be moved to Tuesday 17 November

    Statistics Norway postpones the publication of quarterly national accounts for September and Q3 2020, as well as the final annual figures for 2018 from Thursday November 12th to Tuesday November 17th.

  • Natural gas pulls PPI up

    The producer price index (PPI) increased by 4.1 per cent in October. The increase in price of natural gas was the most important contributor, while several industrial industries and electricity also increased.

  • This is Norway 2020

    This is Norway presents statistics from a variety of areas and seeks to give an overview of Norwegian society and its developments in recent years.

  • Continued increase in PPI

    The producer price index (PPI) continued August’s increase in September, after having dropped continuously through 2020. The total index rose by 2.8 percent this month, with increased price on natural gas as the main driver.

  • Declining growth rate for mainland GDP in august

    GDP for Mainland-Norway rose 0.6 per cent in August, according to seasonally adjusted national accounts figures. Despite rising economic activity for four consecutive months, activity levels were still 3.9 per cent lower in August than in February.

  • First price increase in PPI since December

    Increasing prices within energy goods lead to a 1.2 per cent rise in the overall PPI from July to August 2020. Natural gas had the stongest influence, but higher prices on refined petroleum products and electricity were also important contributors.