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By comparison, the average annual rate of growth for the 1990s has been 3.9 per cent. In 1995 and 1996, the upward adjustment of the GDP is connected to stronger growth in production in Mainland Norway, particularly in service industries.
Revised national accounts statistics show that Norway's gross domestic product (GDP) grew by 5.3 per cent from 1995 to 1996, calculated in constant prices. This is 0.5 percentage point higher than the figure presented in the initial estimates for 1996. The GDP estimate for 1995 has also been adjusted upwards. The GDP grew by a total of nine per cent for the two-year period from 1994 to 1996.
Stronger consumer growth in public administration
New and more complete figures from public accounts and new calculation methods for depreciation have led to the upward revision of both state and local government consumption. The figures show substantially stronger growth from 1994 to 1996 than previously assumed. From 1995 to 1996 consumption rose 4.2 per cent in central government administration and 2.7 per cent in local government administration, an upward adjustment from the respective figures of 1.7 and 1.5 per cent presented in the Economic Survey in February. Average growth in public consumption in the 1990s has been 2.9 per cent.
Weekly Bulletin issue no. 19, 1997