External sectors, trade and payments | Current account balance as a percentage of GDP | Percentage | | 12.334 | 12.025 | 12.372 | 16.472 | 16.376 | 12.470 | 15.798 | 10.920 | 10.879 | 12.554 | 12.608 | 10.264 | 11.082 | 8.002 | 4.011 |
Exchange rate, national currency per USD | Norwegian Krone | | 7.986 | 7.078 | 6.739 | 6.441 | 6.415 | 5.858 | 5.648 | 6.290 | 6.042 | 5.605 | 5.815 | 5.877 | 6.302 | 8.064 | 8.400 |
Imports of goods and services, volume in USD (national accounts basis) | US Dollar, 2015 | | 73 694 175 024.968 | 74 303 460 249.585 | 81 100 512 041.075 | 87 514 670 834.267 | 95 239 078 681.919 | 104 504 873 526.385 | 109 186 090 966.431 | 98 005 615 416.106 | 105 831 085 443.872 | 109 995 990 550.720 | 113 223 940 312.152 | 118 934 115 274.387 | 121 526 246 944.279 | 123 814 437 073.549 | 126 207 140 812.777 |
Goods and services trade, volume in USD | US Dollar, 2015 | | 107 440 040 025.082 | 107 509 685 182.398 | 111 722 482 649.542 | 115 326 591 863.303 | 118 780 110 419.588 | 123 967 758 141.249 | 127 103 100 226.837 | 118 370 579 968.634 | 122 519 659 899.981 | 124 244 428 540.401 | 127 282 199 641.403 | 128 970 249 876.139 | 132 931 057 494.301 | 136 908 664 016.682 | 138 395 798 287.599 |
Exports of goods and services, volume in USD (national accounts basis) | US Dollar, 2015 | | 141 185 905 025.197 | 140 715 910 115.212 | 142 344 453 258.009 | 143 138 512 892.339 | 142 321 142 157.256 | 143 430 642 756.113 | 145 020 109 487.243 | 138 735 544 521.162 | 139 208 234 356.090 | 138 492 866 530.083 | 141 340 458 970.654 | 139 006 384 477.891 | 144 335 868 044.324 | 150 002 890 959.815 | 150 584 455 762.422 |
Government accounts | Gross public debt, Maastricht criterion as a percentage of GDP | Percentage | | 33.709 | 41.734 | 42.956 | 41.580 | 52.209 | 49.338 | 47.044 | 42.131 | 42.542 | 28.847 | 29.932 | 30.696 | 28.465 | 33.193 | 36.998 |
General government gross financial liabilities as a percentage of GDP | Ratio | | 39.111 | 48.399 | 50.218 | 47.213 | 58.045 | 55.846 | 54.462 | 48.612 | 48.970 | 34.507 | 35.807 | 36.390 | 34.858 | 40.279 | 44.253 |
General government net lending as a percentage of GDP | Percentage | | 9.027 | 7.205 | 10.835 | 14.721 | 17.881 | 17.038 | 18.531 | 10.195 | 10.871 | 13.273 | 13.680 | 10.608 | 8.572 | 5.987 | 4.036 |
Expenditure and GDP | Government final consumption expenditure, volume | Norwegian Krone, 2019 | | 661 373 000 000.000 | 669 413 000 000.000 | 677 545 000 000.000 | 690 755 000 000.000 | 705 987 000 000.000 | 720 216 000 000.000 | 738 671 000 000.000 | 770 002 000 000.000 | 786 890 000 000.000 | 795 490 000 000.001 | 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 |
Private final consumption expenditure, volume | Norwegian Krone, 2019 | | 999 823 999 999.998 | 1 031 744 000 000.000 | 1 087 968 000 000.000 | 1 135 869 000 000.000 | 1 192 212 000 000.000 | 1 255 482 000 000.000 | 1 276 544 000 000.000 | 1 276 931 000 000.000 | 1 325 578 000 000.000 | 1 356 922 000 000.000 | 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 |
Gross domestic product, nominal value, market prices | Norwegian Krone | | 1 564 145 000 000.000 | 1 624 094 000 000.000 | 1 788 123 000 000.000 | 1 997 038 000 000.000 | 2 224 872 000 000.000 | 2 360 174 000 000.000 | 2 622 123 000 000.000 | 2 439 712 000 000.000 | 2 605 351 000 000.000 | 2 809 929 000 000.000 | 2 983 083 000 000.000 | 3 090 335 000 000.000 | 3 161 777 000 000.010 | 3 130 183 000 000.000 | 3 116 035 000 000.010 |
Gross domestic product, volume, market prices | Norwegian Krone, 2019 | | 2 694 687 000 000.000 | 2 720 149 000 000.000 | 2 829 353 000 000.000 | 2 905 324 000 000.000 | 2 976 838 000 000.000 | 3 063 584 000 000.000 | 3 078 347 000 000.000 | 3 018 617 000 000.000 | 3 042 374 000 000.000 | 3 076 013 000 000.000 | 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 |
Gross fixed capital formation, total, volume | Norwegian Krone, 2019 | | 528 262 000 000.000 | 530 847 000 000.000 | 584 711 000 000.000 | 654 199 000 000.000 | 713 514 000 000.000 | 800 932 000 000.000 | 809 981 000 000.001 | 753 155 000 000.000 | 704 794 000 000.000 | 757 308 000 000.000 | 814 429 000 000.000 | 866 016 000 000.000 | 863 835 000 000.001 | 829 248 000 000.000 | 861 945 000 000.000 |
Selected variables: ready-made growth rates | Government final consumption expenditure, volume, growth | Percentage, 2019 | | 3.617 | 1.216 | 1.215 | 1.950 | 2.205 | 2.015 | 2.562 | 4.242 | 2.193 | 1.093 | 1.524 | 0.966 | 2.691 | 2.398 | 2.331 |
Headline inflation | Percentage, 2019 | | 1.297 | 2.445 | 0.465 | 1.522 | 2.360 | 0.722 | 3.773 | 2.168 | 2.419 | 1.285 | 0.679 | 2.112 | 2.068 | 2.171 | 3.558 |
Private final consumption expenditure, volume, growth | Percentage, 2019 | | 3.136 | 3.193 | 5.449 | 4.403 | 4.960 | 5.307 | 1.678 | 0.030 | 3.810 | 2.365 | 3.503 | 2.811 | 2.071 | 2.710 | 1.123 |
Gross domestic product, volume, growth | Percentage, 2019 | | 1.378 | 0.945 | 4.015 | 2.685 | 2.461 | 2.914 | 0.482 | -1.940 | 0.787 | 1.106 | 2.718 | 1.016 | 2.048 | 1.857 | 1.165 |
Gross fixed capital formation, total, volume, growth | Percentage, 2019 | | -0.353 | 0.489 | 10.147 | 11.884 | 9.067 | 12.252 | 1.130 | -7.016 | -6.421 | 7.451 | 7.543 | 6.334 | -0.252 | -4.004 | 3.943 |
Imports of goods and services, volume, growth (national accounts basis) | Percentage, 2019 | | 0.540 | 0.827 | 9.148 | 7.909 | 8.826 | 9.729 | 4.479 | -10.240 | 7.985 | 3.935 | 2.935 | 5.043 | 2.179 | 1.883 | 1.932 |
Core inflation | Percentage, 2019 | | 1.963 | 0.982 | 0.404 | 1.401 | 1.001 | 1.413 | 2.474 | 2.416 | 1.587 | 1.175 | 1.393 | 1.674 | 2.300 | 2.663 | 3.263 |
Gross domestic product, market prices, deflator, growth | Percentage, 2019 | | -1.520 | 2.861 | 5.850 | 8.763 | 8.732 | 3.078 | 10.566 | -5.116 | 5.955 | 6.673 | 3.353 | 2.553 | 0.258 | -2.804 | -1.598 |
Exports of goods and services, volume, growth (national accounts basis) | Percentage, 2019 | | -0.582 | -0.333 | 1.157 | 0.558 | -0.571 | 0.780 | 1.108 | -4.334 | 0.341 | -0.514 | 2.056 | -1.651 | 3.834 | 3.926 | 0.388 |
Prices and deflators | Consumer price index | Index, 2019 | | 0.702 | 0.719 | 0.722 | 0.733 | 0.751 | 0.756 | 0.785 | 0.802 | 0.821 | 0.832 | 0.837 | 0.855 | 0.873 | 0.892 | 0.923 |
Gross domestic product, market prices, deflator | Index, 2019 | | 0.580 | 0.597 | 0.632 | 0.687 | 0.747 | 0.770 | 0.852 | 0.808 | 0.856 | 0.913 | 0.944 | 0.968 | 0.971 | 0.944 | 0.928 |
Imports of goods and services, deflator (national accounts basis) | Index, 2019 | | 0.619 | 0.628 | 0.655 | 0.665 | 0.683 | 0.706 | 0.740 | 0.743 | 0.746 | 0.770 | 0.773 | 0.788 | 0.825 | 0.869 | 0.884 |
Exports of goods and services, deflator (national accounts basis) | Index, 2019 | | 0.604 | 0.617 | 0.696 | 0.817 | 0.938 | 0.952 | 1.126 | 0.943 | 1.013 | 1.139 | 1.174 | 1.194 | 1.173 | 1.085 | 1.002 |
Labour markets | Total employment (labour force survey basis) | Persons | | 2 290 250.000 | 2 275 000.000 | 2 280 000.000 | 2 290 750.000 | 2 374 250.000 | 2 456 000.000 | 2 524 000.000 | 2 515 500.000 | 2 518 000.000 | 2 561 500.000 | 2 603 750.000 | 2 623 250.000 | 2 645 750.000 | 2 661 250.000 | 2 660 500.000 |
Labour force | Persons | | 2 378 250.000 | 2 375 250.000 | 2 382 250.000 | 2 399 500.000 | 2 462 500.000 | 2 524 500.000 | 2 599 750.000 | 2 605 500.000 | 2 621 250.000 | 2 655 750.000 | 2 697 500.000 | 2 730 750.000 | 2 749 750.000 | 2 791 750.000 | 2 797 500.000 |
Unemployment rate | Percentage | | 3.700 | 4.221 | 4.292 | 4.532 | 3.584 | 2.713 | 2.914 | 3.454 | 3.939 | 3.549 | 3.475 | 3.937 | 3.782 | 4.674 | 4.897 |
Monetary data | Long-term interest rate on government bonds | Percentage | | 6.384 | 5.045 | 4.368 | 3.746 | 4.077 | 4.774 | 4.458 | 3.998 | 3.528 | 3.135 | 2.102 | 2.578 | 2.515 | 1.565 | 1.332 |
Short-term interest rate | Percentage | | 6.908 | 4.098 | 2.007 | 2.212 | 3.099 | 4.958 | 6.218 | 2.463 | 2.502 | 2.872 | 2.235 | 1.755 | 1.699 | 1.291 | 1.067 |