External sectors, trade and payments | Current account balance as a percentage of GDP | Percentage |  | 12.608 | 10.264 | 11.082 | 8.002 | 4.011 | 5.427 | 7.922 | 2.757 | 1.094 | 13.604 | 30.552 | 23.891 | 23.624 |
Exchange rate, national currency per USD | Norwegian Krone |  | 5.815 | 5.877 | 6.302 | 8.064 | 8.400 | 8.271 | 8.135 | 8.799 | 9.413 | 8.591 | 9.613 | 10.561 | 10.679 |
Exchange rate, USD per national currency | US Dollar |  | 0.172 | 0.170 | 0.159 | 0.124 | 0.119 | 0.121 | 0.123 | 0.114 | 0.106 | 0.116 | 0.104 | 0.095 | 0.094 |
Exports of goods and services, volume in USD (national accounts basis) | US Dollar, 2015 |  | 141 340 524 931.490 | 139 006 449 349.461 | 144 335 935 403.060 | 150 002 960 963.239 | 150 584 526 037.252 | 152 987 052 744.767 | 150 635 190 649.816 | 153 822 210 374.223 | 150 240 249 215.170 | 158 962 782 101.185 | 168 323 473 511.417 | 176 981 319 664.319 | 183 154 138 428.754 |
Goods and services trade, volume in USD | US Dollar, 2015 |  | 127 282 243 558.676 | 128 970 293 800.353 | 132 931 102 912.485 | 136 908 710 978.237 | 138 395 845 615.980 | 140 758 784 979.564 | 140 476 343 005.520 | 145 546 845 535.543 | 136 991 977 941.469 | 142 414 181 766.273 | 152 915 203 241.713 | 160 547 978 559.876 | 166 384 081 375.547 |
Imports of goods and services, volume in USD (national accounts basis) | US Dollar, 2015 |  | 113 223 962 185.862 | 118 934 138 251.244 | 121 526 270 421.909 | 123 814 460 993.234 | 126 207 165 194.708 | 128 530 517 214.360 | 130 317 495 361.224 | 137 271 480 696.864 | 123 743 706 667.767 | 125 865 581 431.362 | 137 506 932 972.009 | 144 114 637 455.433 | 149 614 024 322.340 |
Government accounts | General government gross financial assets as a percentage of GDP | Percentage |  | 203.754 | 242.120 | 281.308 | 322.803 | 332.627 | 349.509 | 322.512 | 373.305 | 416.187 | 396.727 | .. | .. | .. |
General government gross financial liabilities as a percentage of GDP | Ratio |  | 35.807 | 36.390 | 34.858 | 40.279 | 44.253 | 44.540 | 45.265 | 46.523 | 53.261 | 49.131 | .. | .. | .. |
General government net lending as a percentage of GDP | Percentage |  | 13.680 | 10.608 | 8.572 | 5.987 | 4.036 | 4.957 | 7.814 | 6.522 | -2.559 | 10.608 | 25.962 | 17.125 | 17.135 |
General government primary balance as a percentage of GDP | Percentage |  | 11.702 | 8.542 | 6.165 | 3.297 | 1.340 | 2.345 | 5.474 | 4.265 | -4.840 | 9.144 | 24.548 | 15.717 | 15.587 |
Gross public debt, Maastricht criterion as a percentage of GDP | Percentage |  | 29.932 | 30.696 | 28.465 | 33.193 | 36.998 | 37.509 | 38.864 | 39.892 | 45.177 | 42.392 | .. | .. | .. |
Expenditure and GDP | Change in inventories, contributions to changes in real GDP | Percentage, 2019 |  | -0.007 | 0.003 | -0.002 | 0.002 | -0.003 | 0.004 | 0.005 | -0.009 | 0.001 | -0.004 | 0.001 | 0.005 | 0.000 |
Exports of goods and services, volume (national accounts basis) | Norwegian Krone, 2019 |  | 1 048 938 000 000.000 | 1 031 616 000 000.000 | 1 071 168 000 000.000 | 1 113 225 000 000.000 | 1 117 541 000 000.000 | 1 135 371 000 000.000 | 1 117 917 000 000.000 | 1 141 569 000 000.000 | 1 114 986 000 000.000 | 1 179 719 000 000.000 | 1 249 188 000 000.000 | 1 313 440 936 886.540 | 1 359 251 607 055.390 |
Government final consumption expenditure, volume | Norwegian Krone, 2019 |  | 807 614 000 000.000 | 815 419 000 000.000 | 837 358 000 000.000 | 857 436 000 000.000 | 877 422 000 000.000 | 893 973 000 000.000 | 899 293 000 000.000 | 909 361 000 000.000 | 904 650 000 000.000 | 950 044 000 000.000 | 950 898 000 000.000 | 963 857 643 100.971 | 969 765 903 298.407 |
Gross capital formation, total, volume | Norwegian Krone, 2019 |  | 945 194 000 000.000 | 1 009 579 000 000.000 | 999 996 000 000.000 | 971 554 000 000.000 | 993 437 000 000.000 | 1 030 353 000 000.000 | 1 070 268 000 000.000 | 1 121 044 000 000.000 | 1 085 277 000 000.000 | 1 063 176 000 000.000 | 1 110 550 000 000.000 | 1 142 434 338 316.940 | 1 154 892 358 609.680 |
Gross domestic product, nominal value, market prices | Norwegian Krone |  | 2 983 083 000 000.000 | 3 090 335 000 000.000 | 3 161 777 000 000.000 | 3 130 183 000 000.000 | 3 116 035 000 000.000 | 3 323 103 000 000.000 | 3 576 581 000 000.000 | 3 596 936 000 000.000 | 3 461 575 000 000.000 | 4 211 621 000 000.000 | 5 570 663 000 000.010 | 5 379 403 700 975.560 | 5 627 411 931 657.650 |
Gross domestic product, volume in USD, at constant purchasing power parities | US Dollar, 2015 |  | 300 147 197 721.685 | 303 197 194 929.339 | 309 407 193 292.894 | 315 153 807 149.056 | 318 824 595 204.561 | 326 679 523 074.072 | 329 387 444 100.682 | 333 088 915 468.179 | 328 831 534 683.447 | 341 650 604 455.980 | 352 847 828 452.631 | 357 967 901 423.917 | 363 298 958 157.722 |
Gross domestic product, volume in USD, constant exchange rates | US Dollar, 2015 |  | 370 297 225 500.777 | 374 060 064 242.407 | 381 721 455 659.167 | 388 811 160 920.829 | 393 339 880 971.101 | 403 030 652 761.300 | 406 371 465 704.551 | 410 938 040 332.129 | 405 685 629 833.369 | 421 500 756 565.526 | 435 314 981 754.845 | 441 631 711 779.380 | 448 208 736 427.618 |
Gross domestic product, volume, market prices | Norwegian Krone, 2019 |  | 3 159 618 000 000.000 | 3 191 725 000 000.000 | 3 257 097 000 000.000 | 3 317 591 000 000.000 | 3 356 233 000 000.000 | 3 438 920 999 999.990 | 3 467 427 000 000.000 | 3 506 392 000 000.000 | 3 461 575 000 000.000 | 3 596 520 000 000.000 | 3 714 392 000 000.000 | 3 768 290 469 964.680 | 3 824 409 943 819.540 |
Gross fixed capital formation, total, volume | Norwegian Krone, 2019 |  | 814 429 000 000.001 | 866 015 999 999.999 | 863 835 000 000.000 | 829 248 000 000.000 | 861 945 000 000.000 | 884 655 999 999.999 | 904 334 999 999.999 | 990 365 999 999.999 | 949 736 999 999.999 | 941 856 999 999.998 | 982 510 999 999.998 | 986 049 875 345.006 | 997 320 667 208.204 |
Imports of goods and services, volume (national accounts basis) | Norwegian Krone, 2019 |  | 1 049 758 000 000.000 | 1 102 700 000 000.000 | 1 126 733 000 000.000 | 1 147 948 000 000.000 | 1 170 132 000 000.000 | 1 191 673 000 000.000 | 1 208 241 000 000.000 | 1 272 715 000 000.000 | 1 147 292 000 000.000 | 1 166 965 000 000.000 | 1 274 898 000 000.000 | 1 336 161 450 856.130 | 1 387 149 115 014.660 |
Mainland gross domestic product , nominal value, market prices | Norwegian Krone |  | 2 293 776 000 000.000 | 2 418 084 000 000.000 | 2 533 108 000 000.000 | 2 614 238 000 000.000 | 2 692 099 000 000.000 | 2 797 624 000 000.000 | 2 930 591 000 000.000 | 3 067 058 000 000.000 | 3 067 339 000 000.000 | 3 288 436 000 000.000 | 3 570 859 000 000.000 | 3 811 499 499 278.460 | 3 993 141 010 245.420 |
Mainland gross domestic product, volume, market prices | Norwegian Krone, 2019 |  | 2 766 960 000 000.000 | 2 830 393 000 000.000 | 2 893 396 000 000.000 | 2 935 244 000 000.000 | 2 962 319 000 000.000 | 3 026 015 000 000.000 | 3 082 223 000 000.000 | 3 154 304 000 000.000 | 3 067 340 000 000.000 | 3 194 851 000 000.000 | 3 317 146 000 000.000 | 3 358 600 625 819.990 | 3 400 593 867 034.540 |
Net exports, contributions to changes in real GDP | Percentage, 2019 |  | 0.000 | -0.021 | 0.009 | 0.010 | -0.005 | 0.000 | -0.010 | -0.009 | 0.025 | 0.013 | -0.002 | 0.016 | 0.007 |
Private final consumption expenditure, volume | Norwegian Krone, 2019 |  | 1 404 451 000 000.000 | 1 443 933 000 000.000 | 1 473 842 000 000.000 | 1 513 781 000 000.000 | 1 530 787 000 000.000 | 1 565 057 000 000.000 | 1 587 489 000 000.000 | 1 603 722 000 000.000 | 1 503 954 000 000.000 | 1 570 547 000 000.000 | 1 678 655 000 000.000 | 1 669 691 493 768.570 | 1 688 735 640 907.740 |
Selected variables: ready-made growth rates | Core inflation | Percentage, 2019 |  | 1.393 | 1.674 | 2.300 | 2.663 | 3.263 | 1.697 | 1.755 | 2.341 | 2.665 | 1.660 | 3.613 | 5.777 | 3.670 |
Exports of goods and services, volume, growth (national accounts basis) | Percentage, 2019 |  | 2.056 | -1.651 | 3.834 | 3.926 | 0.388 | 1.595 | -1.537 | 2.116 | -2.329 | 5.806 | 5.889 | 5.144 | 3.488 |
Government final consumption expenditure, volume, growth | Percentage, 2019 |  | 1.524 | 0.966 | 2.691 | 2.398 | 2.331 | 1.886 | 0.595 | 1.120 | -0.518 | 5.018 | 0.090 | 1.363 | 0.613 |
Gross domestic product, market prices, deflator, growth | Percentage, 2019 |  | 3.353 | 2.553 | 0.258 | -2.804 | -1.598 | 4.081 | 6.743 | -0.548 | -2.517 | 17.103 | 28.071 | -4.815 | 3.075 |
Gross domestic product, nominal value, growth | Percentage |  | 6.162 | 3.595 | 2.312 | -0.999 | -0.452 | 6.645 | 7.628 | 0.569 | -3.763 | 21.668 | 32.269 | -3.433 | 4.610 |
Gross domestic product, volume, growth | Percentage, 2019 |  | 2.718 | 1.016 | 2.048 | 1.857 | 1.165 | 2.464 | 0.829 | 1.124 | -1.278 | 3.898 | 3.277 | 1.451 | 1.489 |
Gross fixed capital formation, total, volume, growth | Percentage, 2019 |  | 7.543 | 6.334 | -0.252 | -4.004 | 3.943 | 2.635 | 2.224 | 9.513 | -4.102 | -0.830 | 4.316 | 0.360 | 1.143 |
Headline inflation | Percentage, 2019 |  | 0.679 | 2.112 | 2.068 | 2.171 | 3.558 | 1.875 | 2.725 | 2.184 | 1.279 | 3.500 | 5.750 | 5.388 | 3.480 |
Imports of goods and services, volume, growth (national accounts basis) | Percentage, 2019 |  | 2.935 | 5.043 | 2.179 | 1.883 | 1.932 | 1.841 | 1.390 | 5.336 | -9.855 | 1.715 | 9.249 | 4.805 | 3.816 |
Private final consumption expenditure, volume, growth | Percentage, 2019 |  | 3.503 | 2.811 | 2.071 | 2.710 | 1.123 | 2.239 | 1.433 | 1.023 | -6.221 | 4.428 | 6.883 | -0.534 | 1.141 |
Household sector accounts | Net disposable income of households and non-profit institutions serving households | Norwegian Krone |  | 1 185 923 000 000.000 | 1 258 850 000 000.000 | 1 317 679 000 000.000 | 1 419 624 000 000.000 | 1 440 296 000 000.000 | 1 498 128 000 000.000 | 1 547 292 000 000.000 | 1 614 947 000 000.000 | 1 658 236 000 000.000 | 1 769 217 000 000.000 | 1 799 557 000 000.000 | 1 871 967 361 029.280 | 1 941 519 730 320.270 |
Prices and deflators | Consumer price index | Index, 2019 |  | 0.837 | 0.855 | 0.873 | 0.892 | 0.923 | 0.941 | 0.966 | 0.987 | 1.000 | 1.035 | 1.095 | 1.153 | 1.194 |
Core inflation index | Index, 2019 |  | 0.834 | 0.848 | 0.868 | 0.891 | 0.920 | 0.935 | 0.952 | 0.974 | 1.000 | 1.017 | 1.053 | 1.114 | 1.155 |
Exports of goods and services, deflator (national accounts basis) | Index, 2019 |  | 1.174 | 1.194 | 1.173 | 1.085 | 1.002 | 1.075 | 1.223 | 1.155 | 1.000 | 1.490 | 2.482 | 2.167 | 2.190 |
Gross domestic product, market prices, deflator | Index, 2019 |  | 0.944 | 0.968 | 0.971 | 0.944 | 0.928 | 0.966 | 1.031 | 1.026 | 1.000 | 1.171 | 1.500 | 1.428 | 1.471 |
Imports of goods and services, deflator (national accounts basis) | Index, 2019 |  | 0.773 | 0.788 | 0.825 | 0.869 | 0.884 | 0.903 | 0.941 | 0.968 | 1.000 | 1.040 | 1.193 | 1.259 | 1.275 |
Purchasing power parity, national currency per USD | Norwegian Krone |  | 9.037 | 9.029 | 9.278 | 9.933 | 10.042 | 9.750 | 9.584 | 9.620 | 9.880 | 9.512 | 10.740 | 10.196 | 9.975 |
Labour markets | Labour force | Persons |  | 2 697 500.000 | 2 730 750.000 | 2 750 000.000 | 2 791 750.000 | 2 797 500.000 | 2 789 750.000 | 2 829 500.000 | 2 857 750.000 | 2 868 250.000 | 2 901 750.000 | 2 944 000.000 | 2 967 639.948 | 2 987 075.135 |
Total employment (labour force survey basis) | Persons |  | 2 603 750.000 | 2 623 250.000 | 2 646 000.000 | 2 661 250.000 | 2 660 250.000 | 2 667 500.000 | 2 715 750.000 | 2 747 000.000 | 2 732 250.000 | 2 772 750.000 | 2 848 500.000 | 2 856 523.564 | 2 872 378.560 |
Unemployment rate | Percentage |  | 3.475 | 3.937 | 3.782 | 4.674 | 4.906 | 4.382 | 4.020 | 3.875 | 4.742 | 4.446 | 3.244 | 3.744 | 3.840 |
Monetary data | Long-term interest rate on government bonds | Percentage |  | 2.102 | 2.578 | 2.515 | 1.565 | 1.332 | 1.638 | 1.879 | 1.494 | 0.817 | 1.543 | 2.697 | 3.992 | 4.340 |
Short-term interest rate | Percentage |  | 2.235 | 1.755 | 1.699 | 1.291 | 1.067 | 0.890 | 1.067 | 1.553 | 0.699 | 0.504 | 2.138 | 3.775 | 4.140 |