Economic Outlook No 108 - December 2020. : Norway Economic Outlook 96

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Economic Outlook No 108 - December 2020. : Norway Economic Outlook 96

Country
Frequency			Annual
Time			2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016


Variable		Unit
External sectors, trade and payments	Current account balance as a percentage of GDP	Percentage	12.321	12.048	12.373	16.458	16.330	12.418	15.820	10.760	11.029	12.520	12.435	10.231	11.017	7.998	4.021
	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	74 002 199 687.989	74 913 715 235.749	81 660 604 056.877	88 124 442 709.797	96 122 644 850.483	105 754 146 199.940	109 139 627 980.963	97 883 540 186.114	106 121 801 886.227	110 308 513 973.286	113 460 241 484.169	119 102 672 905.332	121 487 447 955.578	123 837 601 235.554	127 147 534 186.747
	Goods and services trade, volume in USD	US Dollar, 2015	106 420 815 108.998	106 797 925 916.392	110 884 688 969.878	114 433 724 296.775	117 865 698 849.180	123 631 258 660.744	125 417 595 486.912	116 884 395 301.262	121 381 482 257.905	122 918 373 915.920	125 659 652 712.826	127 257 251 329.176	130 755 627 267.871	134 970 895 553.636	137 404 362 574.497
	Exports of goods and services, volume in USD (national accounts basis)	US Dollar, 2015	138 839 430 530.007	138 682 136 597.035	140 108 773 882.880	140 743 005 883.752	139 608 752 847.876	141 508 371 121.547	141 695 562 992.862	135 885 250 416.411	136 641 162 629.582	135 528 233 858.554	137 859 063 941.483	135 411 829 753.021	140 023 806 580.163	146 104 189 871.717	147 661 190 962.248
Government accounts	Gross public debt, Maastricht criterion as a percentage of GDP	Percentage	33.776	41.830	43.079	41.727	52.410	49.548	47.315	42.326	42.770	29.026	30.124	30.887	28.655	33.395	37.211
	General government gross financial liabilities as a percentage of GDP	Ratio	39.189	48.511	50.362	47.380	58.269	56.084	54.776	48.837	49.232	34.721	36.037	36.617	35.091	40.525	44.509
	General government net lending as a percentage of GDP	Percentage	9.041	7.212	10.856	14.764	17.938	17.095	18.633	10.239	10.923	13.348	13.763	10.668	8.623	6.022	4.059
Expenditure and GDP	Government final consumption expenditure, volume	Norwegian Krone, 2017	608 060 000 000.000	615 452 000 000.000	622 929 000 000.000	635 075 000 000.000	649 078 000 000.000	662 159 000 000.000	679 127 000 000.000	707 933 000 000.000	723 459 000 000.000	731 367 000 000.000	742 513 000 000.000	749 690 000 000.000	769 858 000 000.000	788 319 000 000.000	806 694 000 000.000
	Private final consumption expenditure, volume	Norwegian Krone, 2017	960 468 000 000.000	991 122 000 000.000	1 045 120 000 000.000	1 091 133 000 000.000	1 145 264 000 000.000	1 206 061 000 000.000	1 226 274 000 000.000	1 226 622 000 000.000	1 273 364 000 000.000	1 303 485 000 000.000	1 349 030 000 000.000	1 386 953 000 000.000	1 415 683 000 000.000	1 454 046 000 000.000	1 470 379 000 000.000
	Gross domestic product, nominal value, market prices	Norwegian Krone	1 561 026 000 000.000	1 620 365 000 000.000	1 783 020 000 000.000	1 989 987 000 000.000	2 216 316 000 000.000	2 350 173 000 000.000	2 607 091 000 000.000	2 428 481 000 000.000	2 591 479 000 000.000	2 792 683 000 000.000	2 964 053 000 000.000	3 071 224 000 000.000	3 140 814 000 000.000	3 111 168 000 000.000	3 098 148 000 000.000
	Gross domestic product, volume, market prices	Norwegian Krone, 2017	2 762 506 000 000.000	2 787 648 000 000.000	2 898 301 000 000.000	2 974 395 000 000.000	3 045 775 000 000.000	3 136 973 000 000.000	3 151 916 000 000.000	3 097 482 000 000.000	3 119 221 000 000.000	3 149 835 000 000.000	3 234 977 000 000.000	3 268 430 000 000.000	3 332 803 000 000.000	3 398 363 000 000.000	3 434 778 000 000.000
	Gross fixed capital formation, total, volume	Norwegian Krone, 2017	496 702 000 000.000	499 131 000 000.000	549 776 000 000.000	615 114 000 000.000	670 884 000 000.000	753 080 000 000.000	761 589 000 000.000	708 157 000 000.000	662 686 000 000.000	712 061 000 000.000	765 770 000 000.000	814 275 000 000.000	812 224 000 000.000	779 705 000 000.000	810 448 000 000.000
Selected variables: ready-made growth rates	Government final consumption expenditure, volume, growth	Percentage, 2017	3.617	1.216	1.215	1.950	2.205	2.015	2.563	4.242	2.193	1.093	1.524	0.967	2.690	2.398	2.331
	Headline inflation	Percentage, 2017	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, 2017	3.136	3.192	5.448	4.403	4.961	5.309	1.676	0.028	3.811	2.365	3.494	2.811	2.071	2.710	1.123
	Gross domestic product, volume, growth	Percentage, 2017	1.446	0.910	3.969	2.625	2.400	2.994	0.476	-1.727	0.702	0.981	2.703	1.034	1.970	1.967	1.072
	Gross fixed capital formation, total, volume, growth	Percentage, 2017	-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, 2017	0.994	1.232	9.006	7.915	9.076	10.020	3.201	-10.313	8.416	3.945	2.857	4.973	2.002	1.934	2.673
	Core inflation	Percentage, 2017	2.015	1.100	0.503	1.394	0.986	1.671	2.308	2.593	1.452	1.827	1.574	1.651	2.472	2.609	3.255
	Gross domestic product, market prices, deflator, growth	Percentage, 2017	-1.632	2.865	5.837	8.752	8.763	2.957	10.406	-5.214	5.968	6.717	3.343	2.555	0.291	-2.855	-1.474
	Exports of goods and services, volume, growth (national accounts basis)	Percentage, 2017	-0.272	-0.113	1.029	0.453	-0.806	1.361	0.132	-4.101	0.556	-0.814	1.720	-1.775	3.406	4.342	1.066
Prices and deflators	Consumer price index	Index, 2017	0.726	0.744	0.748	0.759	0.777	0.783	0.812	0.830	0.850	0.861	0.867	0.885	0.903	0.923	0.956
	Gross domestic product, market prices, deflator	Index, 2017	0.565	0.581	0.615	0.669	0.728	0.749	0.827	0.784	0.831	0.887	0.916	0.940	0.942	0.915	0.902
	Imports of goods and services, deflator (national accounts basis)	Index, 2017	0.659	0.668	0.699	0.710	0.732	0.761	0.793	0.791	0.798	0.824	0.825	0.838	0.879	0.923	0.935
	Exports of goods and services, deflator (national accounts basis)	Index, 2017	0.499	0.509	0.575	0.675	0.779	0.790	0.929	0.771	0.829	0.935	0.961	0.977	0.961	0.885	0.818
Labour markets	Total employment (labour force survey basis)	Persons	2 275 500.000	2 257 625.000	2 266 500.000	2 282 650.000	2 353 000.000	2 434 150.000	2 513 675.000	2 499 425.000	2 500 775.000	2 535 525.000	2 585 425.000	2 601 550.000	2 626 600.000	2 641 000.000	2 638 150.000
	Labour force	Persons	2 364 475.000	2 352 800.000	2 365 500.000	2 387 250.000	2 435 775.000	2 496 375.000	2 579 425.000	2 579 475.000	2 592 050.000	2 619 750.000	2 668 800.000	2 693 775.000	2 721 425.000	2 759 575.000	2 767 650.000
	Unemployment rate	Percentage	3.763	4.045	4.185	4.382	3.398	2.493	2.549	3.103	3.521	3.215	3.124	3.424	3.484	4.297	4.679
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
Monetary data	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

Data extracted on 20 Apr 2021 16:18 UTC (GMT) from OECD.Stat

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Economic Outlook No 108 - December 2020. : Norway Economic Outlook 96

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