Table 1. Households and NPISH. Income, expenditure and saving. Current prices. Million kroner

Quarterly Sector Accounts, 4. quarter 2011

1 Households and NPISH. Income, expenditure and saving. Current prices. Million kroner
	2010	2011	10:2	10:3	10:4	11:1	11:2	11:3	11:4



Output, producers' price	419 256	442 580	101 509	107 640	108 255	108 428	106 422	113 390	114 340
- Intermediate consumption	194 369	205 050	51 111	47 118	49 603	49 399	53 342	49 648	52 661
= Gross value added	224 887	237 530	50 397	60 522	58 653	59 029	53 079	63 742	61 680

- Consumption of fixed capital	68 134	72 222	16 971	17 113	17 294	17 785	17 982	18 220	18 234
- Compensation of employees paid	48 203	51 021	11 683	12 515	12 403	12 364	12 385	13 178	13 094
- Taxes on production	3 539	3 714	885	885	885	929	929	929	929
+ Subsidies on production	16 861	17 244	4 215	4 215	4 215	4 311	4 311	4 311	4 311
= Mixed income	121 872	127 817	25 074	34 224	32 286	32 262	26 095	35 727	33 734

+ Compensation of employees	1 135 055	1 204 825	280 127	285 353	288 545	297 077	297 145	303 684	306 919
+ Property income received	86 587	99 438	26 201	18 783	21 988	22 306	30 077	21 443	25 612
Amount due to dividends	31 421	37 578	12 567	4 714	7 856	7 517	15 031	5 636	9 395
- Property income paid	92 981	101 986	22 898	23 718	24 231	24 360	24 570	25 830	27 226
+ Correction for FISIM	46 435	47 191	11 833	11 845	11 426	11 387	11 363	11 903	12 538
= Primary income	1 296 968	1 377 285	320 338	326 489	330 014	338 672	340 109	346 926	351 577

+ Pensions and benefits from general government.	345 206	366 589	86 392	86 918	90 248	87 388	91 637	92 354	95 211
+ Benefits from pension funds	43 664	46 563	10 869	10 953	10 941	11 593	11 603	11 664	11 703
+ Net current transfers to NPISH	37 473	38 982	9 139	9 074	9 905	9 930	9 490	9 403	10 158
- Current taxes on income, wealth, etc	517 975	553 956	127 836	130 116	131 951	136 513	136 457	139 742	141 244
- Contributions to pension funds	74 457	82 690	18 609	18 621	18 618	20 668	20 666	20 679	20 677
- Other current transfers paid, net	3 014	4 440	1 041	970	1 096	276	1 372	1 326	1 466
= Disposable income	1 127 865	1 188 333	279 251	283 726	289 444	290 128	294 344	298 600	305 262

+ Adjustment for households' pension funds	30 794	36 128	7 740	7 669	7 677	9 078	9 065	9 015	8 971
- Total consumption by households and NPISHs	1 088 125	1 126 521	265 535	274 938	287 723	266 479	280 945	285 684	293 414
= Saving, net	70 534	97 940	21 456	16 457	9 398	32 726	22 464	21 931	20 819

+ Capital transfers, net	-2 377	-1 754	-594	-594	-594	-439	-439	-439	-439
- Investment in non-financial capital	47 486	71 996	11 668	11 425	13 659	16 230	18 867	18 010	18 889
= Net lending (+) / net borrowing (-)	20 671	24 190	9 194	4 437	-4 856	16 058	3 159	3 482	1 491

MEMO
Savings ratio (per cent)	6.3	8.2	7.7	5.8	3.2	11.3	7.6	7.3	6.8
Savings ratio excluding dividends (per cent)	3.6	5.2	3.3	4.2	0.5	8.9	2.7	5.6	3.9
Disposable income excluding dividends	1 096 444	1 150 755	266 684	279 012	281 589	282 611	279 313	292 963	295 867
Disposable real income in 2005 prices	1 010 730	1 051 381	250 249	254 259	259 384	256 691	260 422	264 187	270 081
Disposable income excl dividends in 2005 prices	982 572	1 018 133	238 988	250 035	252 344	250 041	247 123	259 200	261 769
Savings in 2005 prices, net	63 209	86 653	19 228	14 748	8 422	28 955	19 875	19 403	18 419