Official statistics since 1876

General government net financial assets are estimated at NOK 25,265 billion at the end of the second quarter of 2026. Wealth increased by 2,456 billion compared with the previous quarter. The main reason for the increase was holding gains in the Government Pension Fund Global.

The second quarter of 2026 showed a surge in the trade balance caused by price increases in petroleum exports. Norway’s net international investment position increased by NOK 3 408 billion in the second quarter of 2026, largely due to a strong rise in major international stock markets.

In the period of August 24th – August 30th the export price of fresh salmon came to NOK 71.87 per kilo, down by 2.2 per cent compared to the previous seven-day period.

This document describes NORA, a microfounded model for fiscal policy analysis in Norway. The model is based on relatively standard dynamic stochastic general equilibrium (DSGE) models of the type used in many central banks and international policy institutions. The standard framework is however modified considerably to allow for a realistic analysis of the general equilibrium effects of fiscal policy on the Norwegian economy.