Business cycles

Statistics

Business tendency survey for manufacturing, mining and quarrying
Current data on the business cycle for manufacturing, mining and quarrying
Economic trends
Describe the economic situation in Norway and abroad, and give estimates of the main economic variables for the current year and the three subsequent years.
Index of industrial production
Monitors the development of added value in oil and gas, manufacturing, mining and electricity
Producer price index
Measures the price of domestic produced goods sold both to the Norwegian and foreign market
Commodity price index for the industrial sector
The statistics has been discontinued
Index of orders in manufacturing
The statistics has been discontinued

Analyses, articles and publications

Showing 10 of 54

  1. Norwegian economy proceeding at a normal pace

    Increased household consumption and higher public demand will boost economic activity in the near term. However, low levels of residential construction and reduced petroleum investment will result in consistent growth in the Norwegian economy.

  2. Decomposing the Output Gap

    This paper introduces two methodological improvements to the Hodrick– Prescott (HP) filter for decomposing GDP into trend and cycle components.

  3. Economic Survey 3/2025

    After a period of weak growth in 2023 and 2024, wealth creation in the Norwegian economy has picked up appreciably so far this year. Unemployment has increased concurrently.

  4. The Norwegian economic upturn continues

    So far this year, the Norwegian economy has been in a clear upturn. In the next few years, higher real wages, lower interest rates and increased public demand will boost economic activity.

  5. Modeling exchange rate, inflation, and interest rate in a small open economy

    Building on a New Keynesian rational expectations framework, we develop a structural empirical model that jointly determines the real exchange rate, inflation, and the nominal interest rate in a small open economy.

  6. Economic Survey 2/2025

    Growth in the Norwegian economy, which was constrained through 2023 and 2024 by high inflation and subsequent interest rate increases, has picked up so far this year. Although still appreciably higher than the target of 2 per cent, inflation has been falling in recent years and is substantially lower than the peak in October 2022.

  7. Trade conflicts reduce interest rates in Norway

    Lower interest rates, continuing high wage growth, a stronger focus on defence and a turning point in housing construction are stimulating growth in the Norwegian economy. However, this growth will be moderate, particularly in 2026, due to increased international trade disputes.

  8. Economic Survey 1/2025

    Norway’s economic growth has been modest for two and a half years. High inflation and consequent interest rate hikes have had the effect of dampening activity. At the same time, unemployment has risen from a low level. It is currently around 4 per cent, in line with the average for the 2010s.

  9. Comparing tax burden and public spending between countries

    Norway’s tax burden is among the highest in the OECD. The report shows three different measures of the tax burden for Norway.

  10. Trade conflicts will not curb growth in the Norwegian economy

    Despite increased international trade barriers, we expect clear growth in the Norwegian economy, driven by increased purchasing power for households, higher defence investments and a recovery in housing construction.

Older analyses, articles and publications
for subtopic business cycles.