New reference year
From the publication of the second quarter 2024, the reference year will be changed to 2021=100. Until the first quarter of 2024 the reference year was 2005=100.
This updating will not influence the changes in the index over time. However, there may be some round-off effects which may move a decimal up or down.
Statistikk innhold
Statistics about
Investments in oil and gas, manufacturing, mining and electricity supply
The survey monitors the development in estimated and final investments within oil and gas activities, manufacturing, mining & quarrying and electricity supply.
Updated: 13 February 2025
Next update: 27 May 2025
Selected figures from this statistics
- Investments. Collected in Q1. Per cent and NOK millionDownload table as ...Investments. Collected in Q1. Per cent and NOK million1
Final investments collected in Q1 the following year Estimates collected in Q1 the same year 2024 / 2023 2024 2025 / 2024 2025 Extraction, pipeline, mining, manuf. and elec 13.9 330 770 4.8 339 513 Extraction and pipeline transport 16.7 251 166 4.2 253 828 Manufacturing -2.9 44 060 4.5 42 724 Mining and quarrying 13.9 3 221 -45.0 1 830 Electricity, gas and steam 20.1 32 323 14.0 41 130 1Values at current prices Explanation of symbolsDownload table as ... - Estimated investments current year, by division and and main industrial groupings. NOK million.Download table as ...Estimated investments current year, by division and and main industrial groupings. NOK million.1
Estimated investments Change in NOK million and per cent 2024 2025 2025 /2024 2025 /2025 Collected in Q1 the same year Collected in Q4 the previous year Collected in Q1 the same year Dif.2 Per cent2 Dif.3 Per cent3 Extraction, pipeline, mining, manuf. and elec 323 876 339 444 339 513 15 637 5 69 0 Extraction and pipeline transport 243 585 252 625 253 828 10 243 4 1 203 0 Extraction of oil and natural gas 239 413 248 540 249 640 10 227 4 1 100 0 Pipeline transport 4 172 4 086 4 188 16 0 102 2 Manufacturing, mining and quarrying 44 202 43 140 44 555 353 1 1 415 3 Mining and quarrying 3 329 2 602 1 830 -1 499 -45 -772 -30 Manufacturing 40 872 40 537 42 724 1 852 5 2 187 5 Food, beverages and tobacco 6 155 5 834 8 180 2 025 33 2 346 40 Food products 5 765 5 642 7 035 1 270 22 1 393 25 Textiles, wearing apparel, leather 185 134 167 -18 -10 33 25 Wood and wood products 1 384 990 1 016 -368 -27 26 3 Paper and paper products 984 312 911 -73 -7 599 192 Printing, reproduction 109 160 172 63 58 12 8 Refined petro., chemicals, pharmac 8 454 12 991 11 542 3 088 37 -1 449 -11 Basic chemicals 4 962 7 358 5 892 930 19 -1 466 -20 Rubber, plastic and mineral prod. 3 858 3 566 3 964 106 3 398 11 Basic metals 9 888 7 516 6 912 -2 976 -30 -604 -8 Non-ferrous metals 8 704 5 669 5 381 -3 323 -38 -288 -5 Fabricated metal products 1 642 2 574 2 817 1 175 72 243 9 Computer and electrical equipment 3 645 2 665 2 623 -1 022 -28 -42 -2 Machinery and equipment 1 354 1 205 1 284 -70 -5 79 7 Ships, boats and oil platforms 1 584 560 909 -675 -43 349 62 Transport equipment n.e.c 441 446 258 -183 -41 -188 -42 Repair, installation of machinery 975 1 396 1 721 746 77 325 23 Furniture and manufacturing n.e.c. 215 189 248 33 15 59 31 Electricity, gas and steam 36 089 43 679 41 130 5 041 14 -2 549 -6 Production of electricity 8 983 10 573 10 606 1 623 18 33 0 Transmission and distr. of electricity 24 649 29 121 25 937 1 288 5 -3 184 -11 District heating and gas 2 458 3 985 4 587 2 129 87 602 15 Main industrial groupings: Intermediate goods 30 140 28 002 26 616 -3 524 -12 -1 386 -5 Capital goods 5 789 5 820 6 638 849 15 818 14 Consumer goods 6 596 6 710 8 676 2 080 32 1 966 29 Durable consumer goods 350 199 244 -106 -30 45 23 Non-durable consumer goods 6 246 6 511 8 432 2 186 35 1 921 30 Energy goods 281 351 298 913 297 583 16 232 6 -1 330 0 1The levels of aggregation refers to the Standard of Industrial Classification (SIC2007). See NOS D383 for further details. 2Change from previous year in estimated investments, collected in Q1 same year. 3Change in estimated investments for the same year, collected in Q4 in the previous year and Q1 same year. Explanation of symbolsDownload table as ... - Final investments previous year, by division and and main industrial groupings. NOK million.Download table as ...Final investments previous year, by division and and main industrial groupings. NOK million.1
Final investments Estimated investments Final investments Change in NOK million and per cent 2023 2024 2024 /2023 2024 /2024 Collected in Q1 the following year Collected in Q4 the same year Collected in Q1 the following year Dif.2 Per cent2 Dif.3 Per cent3 Extraction, pipeline, mining, manuf. and elec 290 355 337 838 330 770 40 415 14 -7 068 -2 Extraction and pipeline transport 215 257 256 073 251 166 35 909 17 -4 907 -2 Extraction of oil and natural gas 212 440 252 007 247 243 34 803 16 -4 764 -2 Pipeline transport 2 817 4 067 3 923 1 106 39 -144 -4 Manufacturing, mining and quarrying 48 184 46 955 47 281 -903 -2 326 1 Mining and quarrying 2 829 3 671 3 221 392 14 -450 -12 Manufacturing 45 355 43 285 44 060 -1 295 -3 775 2 Food, beverages and tobacco 9 466 7 099 7 275 -2 191 -23 176 2 Food products 8 433 6 563 6 622 -1 811 -21 59 1 Textiles, wearing apparel, leather 315 198 216 -99 -31 18 9 Wood and wood products 1 521 1 487 1 560 39 3 73 5 Paper and paper products 1 166 1 191 1 098 -68 -6 -93 -8 Printing, reproduction 256 231 236 -20 -8 5 2 Refined petro., chemicals, pharmac 5 770 7 109 7 555 1 785 31 446 6 Basic chemicals 3 616 4 709 4 899 1 283 35 190 4 Rubber, plastic and mineral prod. 4 113 5 581 5 669 1 556 38 88 2 Basic metals 10 524 10 157 10 788 264 3 631 6 Non-ferrous metals 9 121 9 128 9 573 452 5 445 5 Fabricated metal products 1 689 2 256 2 465 776 46 209 9 Computer and electrical equipment 4 877 2 952 2 534 -2 343 -48 -418 -14 Machinery and equipment 1 528 1 004 1 143 -385 -25 139 14 Ships, boats and oil platforms 2 363 1 974 1 764 -599 -25 -210 -11 Transport equipment n.e.c 309 316 298 -11 -4 -18 -6 Repair, installation of machinery 1 230 1 440 1 189 -41 -3 -251 -17 Furniture and manufacturing n.e.c. 228 290 270 42 18 -20 -7 Electricity, gas and steam 26 915 34 810 32 323 5 408 20 -2 487 -7 Production of electricity 6 605 8 556 7 759 1 154 17 -797 -9 Transmission and distr. of electricity 17 948 23 994 22 657 4 709 26 -1 337 -6 District heating and gas 2 361 2 259 1 907 -454 -19 -352 -16 Main industrial groupings: Intermediate goods 30 541 31 558 31 594 1 053 3 36 0 Capital goods 6 742 6 885 6 647 -95 -1 -238 -3 Consumer goods 10 200 7 738 7 882 -2 318 -23 144 2 Durable consumer goods 327 269 257 -70 -21 -12 -4 Non-durable consumer goods 9 873 7 469 7 625 -2 248 -23 156 2 Energy goods 242 872 291 657 284 648 41 776 17 -7 009 -2 1The levels of aggregation refers to the Standard of Industrial Classification (SIC2007). See NOS D383 for further details. 2Change from previous year in final investments, collected in Q1 in the following year. 3Change in estimated investments collected in Q4 and final investments collected in Q1, for the same year. Explanation of symbolsDownload table as ... - Quarterly final investments by cost category. Extraction of oil and natural gas and pipeline transport. NOK millionDownload table as ...Quarterly final investments by cost category. Extraction of oil and natural gas and pipeline transport. NOK million
4th quarter 2023 1st quarter 2024 2nd quarter 2024 3rd quarter 2024 4th quarter 2024 Extraction and pipeline transport 62 282 55 326 63 671 63 425 68 745 Extraction of crude oil and natural gas 60 569 54 230 62 848 62 256 67 909 Exploration and concept studies 7 204 5 910 8 271 8 054 9 855 Exploration drilling 4 408 3 727 5 866 5 319 7 167 General surveys 1 494 844 1 034 1 057 1 249 Field evaluation/field development 502 408 539 643 546 Administration and other costs 548 723 683 841 645 Concept studies 251 208 149 195 248 Field development 26 435 26 503 28 060 29 387 29 196 Commodities, field development 8 397 12 009 10 295 17 808 16 749 Services, field development 12 514 8 665 13 807 7 647 7 760 Production drilling, field development 5 525 5 829 3 958 3 932 4 687 Fields on stream 24 472 18 978 23 488 20 776 25 188 Commodities, fields on stream 2 290 1 729 2 291 2 194 2 644 Services, fields on stream 8 378 4 964 7 556 6 477 8 989 Production drilling, fields on stream 13 804 12 285 13 641 12 105 13 555 Onshore activities 1 509 838 1 062 1 149 2 098 Shutdown and removal 949 2 002 1 967 2 890 1 572 Pipeline transportation 1 713 1 095 824 1 168 836 Explanation of symbolsDownload table as ... - Annual final investments by cost category. Extraction of oil and natural gas and pipeline transport. NOK millionDownload table as ...Annual final investments by cost category. Extraction of oil and natural gas and pipeline transport. NOK million
2021 2022 2023 2024 2025 Extraction and pipeline transport 177 693 176 811 215 257 251 166 0 Total extraction of crude petroleum and natural gas 176 885 175 858 212 440 247 243 0 Exploration and concept studies 27 308 28 407 24 324 32 091 0 Field development 62 434 62 257 94 495 113 146 0 Commodities 23 341 25 260 31 740 56 861 0 Services 22 766 21 930 40 768 37 880 0 Production drilling 16 327 15 066 21 988 18 406 0 Fields on stream 75 295 75 028 85 149 88 429 0 Commodities 7 658 6 614 8 411 8 858 0 Services 14 886 20 940 25 720 27 986 0 Production drilling 52 751 47 474 51 018 51 586 0 Onshore activities 4 064 4 160 3 945 5 146 0 Shutdown and removal 7 785 6 006 4 526 8 430 0 Transport via pipelines 808 953 2 817 3 923 0 Explanation of symbolsDownload table as ... - Investments by cost category and the point in time for the estimation. Extraction of oil and natural gas and pipeline transport. NOK millionDownload table as ...Investments by cost category and the point in time for the estimation. Extraction of oil and natural gas and pipeline transport. NOK million
2024 2025 2026 Estimates made in February in the year before the investment year Estimates made in May in the year before the investment year Estimates made in August in the year before the investment year Estimates made in November in the year before the investment year Estimates made in February in the year of investments Estimates made in May in the year of investments Estimates made in August in the year of investments Estimates made in November in the year of investments Accrued investment costs Estimates made in February in the year before the investment year Estimates made in May in the year before the investment year Estimates made in August in the year before the investment year Estimates made in November in the year before the investment year Estimates made in February in the year of investments Estimates made in February in the year before the investment year Extraction and pipeline transport 178 547 181 923 206 772 232 037 243 585 246 857 257 051 256 073 251 166 205 237 215 838 240 149 252 625 253 828 197 122 Total extraction of crude petroleum and natural gas 176 046 179 421 204 262 229 568 239 413 242 529 252 744 252 007 247 243 202 445 212 708 236 290 248 540 249 640 195 552 Exploration and concept studies 26 660 25 905 25 807 29 756 30 745 31 827 32 696 33 054 32 091 26 881 30 150 27 960 29 583 28 619 29 220 Field development 85 213 85 504 94 971 110 818 112 424 112 894 111 885 114 008 113 146 83 920 90 193 101 404 108 511 109 580 76 767 Commodities 22 177 23 985 28 631 30 232 43 805 48 158 50 778 57 679 56 861 22 422 26 110 35 396 60 555 62 968 25 703 Services 39 732 41 133 44 306 56 387 47 970 42 195 40 981 37 076 37 880 38 157 39 510 41 395 22 481 20 961 18 312 Production drilling 23 305 20 386 22 033 24 199 20 648 22 541 20 127 19 253 18 406 23 341 24 572 24 612 25 475 25 650 32 751 Fields on stream 56 413 59 204 73 046 76 176 82 979 84 574 94 244 91 221 88 429 79 661 79 846 94 592 96 593 97 496 73 475 Commodities 6 695 6 304 8 404 12 279 12 072 11 284 10 857 10 079 8 858 13 423 12 195 13 199 11 382 11 418 10 964 Services 18 108 18 563 22 570 26 458 26 921 27 001 28 753 29 504 27 986 25 014 24 874 28 159 28 556 27 855 25 119 Production drilling 31 609 34 337 42 072 37 439 43 986 46 289 54 634 51 638 51 586 41 224 42 777 53 234 56 655 58 223 37 392 Onshore activities 2 668 3 012 2 933 3 859 4 099 4 103 4 372 4 778 5 146 4 716 4 863 4 331 5 082 5 249 5 514 Shutdown and removal 5 093 5 797 7 504 8 958 9 166 9 132 9 546 8 945 8 430 7 267 7 656 8 003 8 770 8 697 10 576 Transport via pipelines 2 500 2 502 2 511 2 469 4 172 4 328 4 307 4 067 3 923 2 792 3 130 3 859 4 086 4 188 1 570 Explanation of symbolsDownload table as ... - Final investments per quarter. Seasonally adjusted series. 2021=100Download table as ...Final investments per quarter. Seasonally adjusted series. 2021=100
2nd quarter 2024 3rd quarter 2024 4th quarter 2024 Change in per cent 2nd quarter 2024 / 1st quarter 2024 3rd quarter 2024 / 2nd quarter 2024 4th quarter 2024 / 3rd quarter 2024 Extraction, pipeline, mining, manuf. and elec 138.6 138.7 141.9 0.5 0.1 2.3 Extraction and pipeline transport 139.2 142.0 146.5 1.8 2.0 3.2 Manufacturing, mining and quarrying 162.2 160.0 156.6 -5.5 -1.4 -2.1 Mining and quarrying 135.2 148.0 125.3 -42.1 9.5 -15.3 Manufacturing 161.3 160.2 158.7 -5.8 -0.7 -0.9 Electricity, gas and steam 119.1 102.0 105.0 17.5 -14.4 2.9 Explanation of symbolsDownload table as ... - Investments. Extraction, pipeline, mining, manufacturing and electricity supply. NOK million and in per cent of final investmentsDownload table as ...Investments. Extraction, pipeline, mining, manufacturing and electricity supply. NOK million and in per cent of final investments
Estimates collected in the previous year Estimates collected in the same year Final investments May Aug. Nov. Feb. May Aug. Nov. 2003 72 377 75 939 84 247 94 808 94 187 92 708 90 927 89 374 2004 78 671 87 713 87 194 89 650 97 891 101 728 99 268 98 933 2005 76 843 99 706 114 010 117 303 121 383 119 176 117 022 118 339 2006 90 224 102 912 121 637 124 519 134 864 132 769 133 551 128 781 2007 96 497 116 861 135 293 146 311 153 731 162 314 155 112 152 223 2008 116 624 156 622 169 953 178 519 182 483 180 798 179 667 177 730 2009 153 043 169 478 185 041 177 930 188 749 187 810 183 790 177 455 2010 172 418 183 756 178 668 176 049 179 705 181 242 173 806 166 173 2011 185 411 190 180 193 175 185 749 188 663 197 689 196 777 190 174 2012 183 094 214 269 228 617 233 334 234 233 232 823 226 689 219 391 2013 237 873 249 267 252 011 246 769 260 876 263 899 262 848 260 241 2014 263 659 271 299 280 514 283 956 285 356 280 884 271 700 268 439 2015 231 091 234 705 242 309 245 639 245 729 249 127 248 864 244 907 2016 238 839 235 208 227 596 222 246 220 445 218 941 219 921 214 503 2017 202 320 199 319 196 832 204 998 211 776 211 971 205 216 202 187 2018 196 240 194 321 203 690 225 953 221 597 224 048 221 546 217 401 2019 210 677 225 723 240 978 244 754 258 862 256 805 256 770 249 663 2020 227 932 230 564 243 807 255 113 246 701 251 757 250 604 246 223 2021 193 604 199 505 221 884 235 185 243 375 244 341 242 986 237 153 2022 188 760 189 604 209 303 224 681 231 167 238 347 238 684 238 249 2023 186 258 196 077 220 241 267 291 275 957 291 184 291 572 290 355 2024 247 375 272 979 302 991 323 876 327 679 338 479 337 838 330 770 2025 293 172 319 445 339 444 339 513 . . . . Per cent 2003 81 85 94 106 105 104 102 100 2004 80 89 88 91 99 103 100 100 2005 65 84 96 99 103 101 99 100 2006 70 80 94 97 105 103 104 100 2007 63 77 89 96 101 107 102 100 2008 66 88 96 100 103 102 101 100 2009 86 96 104 100 106 106 104 100 2010 104 111 108 106 108 109 105 100 2011 97 100 102 98 99 104 103 100 2012 83 98 104 106 107 106 103 100 2013 91 96 97 95 100 101 101 100 2014 98 101 104 106 106 105 101 100 2015 94 96 99 100 100 102 102 100 2016 111 110 106 104 103 102 103 100 2017 100 99 97 101 105 105 101 100 2018 90 89 94 104 102 103 102 100 2019 84 90 97 98 104 103 103 100 2020 93 94 99 104 100 102 102 100 2021 82 84 94 99 103 103 102 100 2022 79 80 88 94 97 100 100 100 2023 64 68 76 92 95 100 100 100 2024 75 83 92 98 99 102 102 100 2025 . . . . . . . . Explanation of symbolsDownload table as ... - Investments. Extraction and pipeline transport. NOK million and in per cent of final investmentsDownload table as ...Investments. Extraction and pipeline transport. NOK million and in per cent of final investments
Estimates collected in the previous year Estimates collected in the same year Final investments Feb. May Aug. Nov. Feb. May Aug. Nov. 2003 52 631 56 066 61 733 71 985 70 227 67 790 66 755 65 218 2004 59 275 67 917 64 310 65 091 72 379 75 155 73 127 72 665 2005 60 031 80 815 91 559 90 542 94 034 90 724 89 201 90 543 2006 66 355 79 494 94 023 95 106 103 547 100 905 101 193 97 014 2007 72 259 92 497 104 146 108 592 114 735 121 129 116 238 113 852 2008 85 565 122 535 130 287 134 197 136 766 133 400 131 983 129 354 2009 97 170 121 953 136 785 148 952 141 599 149 245 148 061 145 817 140 519 2010 92 163 140 275 150 104 143 697 140 887 145 448 145 644 139 384 131 839 2011 112 338 150 734 153 680 155 881 146 684 150 104 157 766 159 388 153 241 2012 109 593 147 526 176 259 190 197 191 274 191 544 190 681 186 843 179 322 2013 128 158 201 501 211 596 214 740 205 893 219 668 221 795 221 289 218 659 2014 164 325 224 203 231 918 240 175 240 758 241 387 237 056 228 241 224 402 2015 188 423 192 967 195 426 199 054 199 061 200 262 203 736 204 297 201 191 2016 175 770 192 477 188 878 179 204 171 759 169 896 168 739 170 280 164 492 2017 158 501 154 905 152 194 146 643 149 404 154 381 155 627 150 842 148 809 2018 121 502 143 970 141 748 144 333 160 010 156 454 156 313 155 457 151 831 2019 145 403 155 509 165 100 175 251 172 711 183 738 181 733 182 929 177 544 2020 158 463 172 380 174 817 182 639 185 427 180 296 184 573 182 511 179 309 2021 151 990 145 575 148 614 166 270 173 584 181 854 181 541 182 275 177 672 2022 138 516 142 778 142 011 154 381 159 504 167 237 172 760 175 269 176 811 2023 131 420 130 601 135 320 149 681 187 831 197 783 213 178 216 266 215 257 2024 178 547 181 923 206 772 232 037 243 585 246 857 257 051 256 073 251 166 2025 205 237 215 838 240 149 252 625 253 828 . . . . 2026 197 122 Per cent 2003 81 86 95 110 108 104 102 100 2004 82 93 89 90 100 103 101 100 2005 66 89 101 100 104 100 99 100 2006 68 82 97 98 107 104 104 100 2007 63 81 91 95 101 106 102 100 2008 66 95 101 104 106 103 102 100 2009 69 87 97 106 101 106 105 104 100 2010 70 106 114 109 107 110 110 106 100 2011 73 98 100 102 96 98 103 104 100 2012 61 82 98 106 107 107 106 104 100 2013 59 92 97 98 94 100 101 101 100 2014 73 100 103 107 107 108 106 102 100 2015 94 96 97 99 99 100 101 102 100 2016 107 117 115 109 104 103 103 104 100 2017 107 104 102 99 100 104 105 101 100 2018 80 95 93 95 105 103 103 102 100 2019 82 88 93 99 97 103 102 103 100 2020 88 96 97 102 103 101 103 102 100 2021 86 82 84 94 98 102 102 103 100 2022 78 81 80 87 90 95 98 99 100 2023 61 61 63 70 87 92 99 100 100 2024 71 72 82 92 97 98 102 102 100 2025 . . . . . . . . . Explanation of symbolsDownload table as ... - Investments. Manufacturing. NOK million and in per cent of final investmentsDownload table as ...Investments. Manufacturing. NOK million and in per cent of final investments
Estimates collected in the previous year Estimates collected in the same year Final investments May Aug. Nov. Feb. May Aug. Nov. 2003 14 208 14 273 15 950 14 928 15 572 16 211 16 078 15 859 2004 12 855 12 950 15 399 15 685 15 805 16 788 16 758 16 723 2005 10 636 11 883 14 356 16 740 17 506 18 416 18 101 18 725 2006 13 743 14 290 17 437 17 302 19 791 20 250 20 765 20 845 2007 14 744 14 957 19 139 23 668 24 509 26 277 26 174 25 707 2008 20 014 22 763 27 365 30 279 30 854 32 172 32 377 32 861 2009 19 885 21 701 23 734 22 503 24 485 23 899 22 630 21 871 2010 17 201 17 740 18 404 19 341 18 533 18 943 18 256 17 959 2011 15 345 15 999 17 921 18 883 18 822 19 758 18 955 18 849 2012 15 271 16 476 17 496 18 717 19 597 19 787 19 160 19 463 2013 14 573 15 728 15 940 17 464 19 008 19 648 19 166 19 442 2014 15 002 15 196 17 088 18 861 20 070 20 345 20 129 20 891 2015 12 789 14 365 17 862 20 105 19 780 20 371 20 040 19 748 2016 18 198 19 355 21 052 21 755 22 524 22 300 21 923 23 179 2017 16 600 15 720 17 992 21 103 22 033 21 726 21 151 21 403 2018 17 415 17 441 20 839 23 608 23 742 24 645 23 686 24 312 2019 20 038 21 675 26 609 30 779 31 885 33 241 32 059 31 157 2020 19 936 21 357 24 479 26 826 25 888 25 539 26 859 26 433 2021 15 690 17 183 20 524 25 221 25 774 26 869 26 451 27 522 2022 18 594 21 286 27 865 34 753 35 619 36 150 35 753 35 251 2023 28 466 32 775 40 195 45 759 44 365 45 997 44 894 45 355 2024 30 294 31 621 35 922 40 872 40 914 42 572 43 285 44 060 2025 32 176 34 685 40 537 42 724 . . . . Per cent 2003 90 90 101 94 98 102 101 100 2004 77 77 92 94 95 100 100 100 2005 57 63 77 89 93 98 97 100 2006 66 69 84 83 95 97 100 100 2007 57 58 74 92 95 102 102 100 2008 61 69 83 92 94 98 99 100 2009 91 99 109 103 112 109 103 100 2010 96 99 102 108 103 105 102 100 2011 81 85 95 100 100 105 101 100 2012 78 85 90 96 101 102 98 100 2013 75 81 82 90 98 101 99 100 2014 72 73 82 90 96 97 96 100 2015 65 73 90 102 100 103 101 100 2016 79 84 91 94 97 96 95 100 2017 78 73 84 99 103 102 99 100 2018 72 72 86 97 98 101 97 100 2019 64 70 85 99 102 107 103 100 2020 75 81 93 101 98 97 102 100 2021 57 62 75 92 94 98 96 100 2022 53 60 79 99 101 103 101 100 2023 63 72 89 101 98 101 99 100 2024 69 72 82 93 93 97 98 100 2025 . . . . . . . . Explanation of symbolsDownload table as ... - Investments. Electricity, gas and steam. NOK million and in per cent of final investmentsDownload table as ...Investments. Electricity, gas and steam. NOK million and in per cent of final investments
Estimates collected in the previous year Estimates collected in the same year Final investments May Aug. Nov. Feb. May Aug. Nov. 2003 5 102 5 227 6 140 7 504 7 946 8 227 7 662 7 881 2004 6 099 6 477 7 145 8 441 9 074 9 065 8 772 8 931 2005 5 963 6 687 7 854 9 476 9 156 9 259 8 959 8 325 2006 9 865 8 864 9 913 11 790 11 154 11 179 10 809 10 248 2007 9 273 9 085 11 653 13 536 13 894 14 279 12 022 11 918 2008 10 823 10 997 11 912 13 141 13 799 14 153 14 276 14 442 2009 9 858 9 798 11 989 12 927 12 958 13 268 13 017 12 606 2010 14 042 15 393 16 310 14 459 14 653 15 058 14 467 14 612 2011 18 963 20 136 18 397 18 881 18 735 19 015 17 297 16 873 2012 19 615 20 736 19 974 22 272 21 696 20 898 19 356 19 178 2013 21 118 21 351 20 291 22 218 20 681 20 902 20 674 20 422 2014 23 178 23 165 22 162 22 857 22 495 22 181 21 916 21 677 2015 24 698 24 227 24 588 25 322 24 783 24 137 23 597 23 114 2016 27 533 26 328 26 630 28 100 27 345 27 213 27 123 26 222 2017 30 402 30 938 31 616 33 977 34 780 34 034 32 688 31 396 2018 34 355 34 567 37 738 41 168 40 032 41 737 41 112 39 981 2019 34 409 38 069 38 412 39 849 41 684 39 961 39 939 38 963 2020 33 415 33 155 35 198 40 719 38 877 39 792 39 601 38 576 2021 28 745 30 151 32 773 34 712 33 841 33 695 32 312 29 843 2022 24 322 23 094 24 756 27 627 26 355 27 336 25 695 24 252 2023 25 534 26 103 28 283 31 613 30 618 28 984 27 754 26 915 2024 32 142 32 563 32 202 36 089 36 394 35 419 34 810 32 323 2025 43 326 42 724 43 679 41 130 . . . . Per cent 2003 65 66 78 95 101 104 97 100 2004 68 73 80 95 102 102 98 100 2005 72 80 94 114 110 111 108 100 2006 96 86 97 115 109 109 105 100 2007 78 76 98 114 117 120 101 100 2008 75 76 82 91 96 98 99 100 2009 78 78 95 103 103 105 103 100 2010 96 105 112 99 100 103 99 100 2011 112 119 109 112 111 113 103 100 2012 102 108 104 116 113 109 101 100 2013 103 105 99 109 101 102 101 100 2014 107 107 102 105 104 102 101 100 2015 107 105 106 110 107 104 102 100 2016 105 100 102 107 104 104 103 100 2017 97 99 101 108 111 108 104 100 2018 86 86 94 103 100 104 103 100 2019 88 98 99 102 107 103 103 100 2020 87 86 91 106 101 103 103 100 2021 96 101 110 116 113 113 108 100 2022 100 95 102 114 109 113 106 100 2023 95 97 105 117 114 108 103 100 2024 99 101 100 112 113 110 108 100 2025 . . . . . . . . Explanation of symbolsDownload table as ...
About the statistics
The information under «About the statistics» was last updated 25 November 2024.
Enterprise: The smallest combination of legal units that is an organisational unit producing goods or services and that benefits from a certain degree of autonomy in decision making.
Local unit (establishment): An enterprise or part of an enterprise that is located in one particular place and thus can be identified geographically.
Investment: All acquisitions of new fixed assets with a lifetime of more than one year. The acquisitions must be reported in the period they are made even if they are not been paid for or activated in the accounts. Value added tax (VAT) is reported in net value, i.e. refunded VAT should not be included, but VAT that is not refunded should. Fixed assets acquired from financial leasing are to be included.
Estimated investments: Acquisitions that the establishment plans to make throughout the present quarter and in the short and medium run.
Final investments: Acquisitions that the establishment has made throughout the previous quarter. The concept of final investments does not necessarily imply that the acquired material is put to use.
Machinery: All types of permanent mechanical and electrical equipment, i.e. machinery (including industrial furnaces), transformers, computers (hardware and software), instruments and parts (including installation) plus tools that have a lifetime of several years.
Cars and other means of transport: All types of vehicles, industrial railways, telpher lines, cranes and other means of transport.
Buildings and constructions (manufacturing, mining and quarrying): Manufacturing plants, workshops, storehouses, office buildings, social welfare installations (not houses), docks, silos, mines, quarries, roads, foundations, tunnels, dams, power lines, pipelines etc. except fall rights and the site value. Major repairs and reconstruction projects are also to be included.
Definitions of main concepts, especially related to oil and gas activity:
Exploration:Covers the activity from when the production licence is given until the exploration programme is finished or the licence is returned.
Development: Covers the activity from the time commercial development is approved by the Parliament to start of production, inclusive establishment of the on stream organisation and production drilling.
Production: Covers the activity after the start of production, inclusive production drilling.
Shutdown and removal: Covers the activity related to permanent shutdown fields and wells, inclusive activity performed prior to the shutdown of a field.
Ancillary activity/Onshore activity: Covers the activity in offices and bases onshore; administrative and technical services both to own activity as operator and interests in other production licenses.
The survey is classified according to the Standard Industrial Classification 2007 (SIC2007). This is a Norwegian adaptation of Eurostat’s industry classification, NACE Rev. 2. SIC2007. The use of common standards is essential in order to enable the comparison and analysis of statistical data at an international level and over time.
The survey is also classified according to EUROSTAT's end-use categories (Main Industrial Groupings). The end-use categories are based on the 3-digit level industrial groupings in SIC2007. Six end-use categories are included in the survey:
MIG code | Description |
E1 | Intermediate goods |
E2 | Capital goods |
E3 | Consumer durables |
E4 | Consumer non-durables |
E5 | Consumer goods (E3+E4) |
E6 | Energy goods |
The following table summarises the most important industries included in the different end-use categories:
MIG | Main industries included |
Intermediate goods | Wood and wood products, Paper and paper products, Basic chemicals, Rubber and plastics products, Non-metallic mineral products, Basic metals |
Capital goods | Machinery and equipment, Building of ships, boats and oil platforms, Repair and installation of machinery |
Consumer durables | Manufacture of furniture |
Consumer non-durables | Food products, Printing and reproduction, Basic pharmaceuticals |
Consumer goods (E3+E4) | Manufacture of furniture, Food products, Printing and reproduction, Basic pharmaceuticals |
Energy goods | Mining of coal, Extraction of oil and gas, pipeline transport, Refined petroleum products, Electricity, gas and steam supply |
For a complete description of the industries covered by each MIG, see Commission regulation (EC) No 656/2007 or KLASS in the following link: https://www.ssb.no/en/klass/klassifikasjoner/6/varianter/1121.
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Analyses, articles and publications
Article / 13 February 2025Strong increase in investments in 2024Final investments for 2024 covering oil and gas, manufacturing, mining and quarrying and electricity supply increased sharply compared to 2023. It is particularly the investments in oil and gas industry that contribute to this strong increase. Investments in electricity supply contributed also to this increment, while investment in manufacturing showed some decreased. The latest estimates for 2025 indicate a further investment growth.
Article / 13 February 2025Clear growth in petroleum investment in 2024Total investments in oil and gas activity in 2024, including pipeline transportation, ended at NOK 251 billion in 2024. In nominal terms, this is 16.7 per cent more than in 2023. For 2025, operators on the Norwegian continental shelf now estimate investments to be NOK 254 billion, which is only marginally higher than the estimate given in the previous quarter.- Article / 14 November 2024Up-adjusted estimates for oil investments in 2025Total investments in oil and gas activity in 2024, including pipeline transportation, are estimated at NOK 253 billion. This is NOK 12.4 billion more than estimated in the previous quarter. The estimate for 2024 is now NOK 256 billion.
Article / 15 August 2024High overall investments for 2024 and 2025Companies’ latest investment estimates for 2024 within oil and gas, manufacturing, mining and quarrying and electricity supply indicate a sharp increase in 2024. Early estimates indicate that the growth will continue in 2025 as well. It is oil and gas that contribute most to the growth both in 2024 and 2025.