National accounts
Statistics
Analyses, articles and publications
Weak growth in the Norwegian economy i 2024
Mainland Norway's gross domestic product (GDP) increased 0.6 per cent from 2023 to 2024, measured in constant prices. Total GDP grew by 2.1 per cent due to high activity in the extraction industry.
Measuring the asset value of petroleum resources in Norway
This document presents the experimental work for measuring the asset value of petroleum resources on the Norwegian continental shelf over the period 1970-2021 by means of the net present value (NPV) method.
Norwegian economy increased more than previously published
New figures show that GDP Mainland Norway increased 4.3 per cent in 2022, measured in fixed prices. That is 0.6 percentage points more than previously estimated. In the 3rd quarter of 2024 GDP Mainland Norway increased 0.5 per cent.
The revision of the national accounts has been postponed
Statistics Norway has been working on a major revision of the time series in the national accounts, with planned publication in November and December 2024. This publication has been postponed, partly because of challenges related to incorporating updated source data.
The SNOW Global Model
This document provides an algebraic description of the SNOW Global model (SNOW-Global), a multi-sectormulti-region computable general equilibrium (CGE) model tailored to analyze energy, environmental andclimate policies in the world including Norway as a separate region.
Mainland economy at a standstill and high activity in oil and gas extraction
Mainland Norway's GDP increased 0.1 per cent in Q2 2024. High activity in the oil and gas extraction industry led to a 1.4 per cent increase in total GDP.
Weak Development in Norwegian Economy in First Quarter
GDP Mainland Norway grew by 0.2 percent in the first quarter of 2024. Households reduced purchases of durable goods, especially cars. Gross fixed capital formation in dwelling services continued to fall.
The mainland economy decreased 0.2 percent in February
Administrative and support service activities and wholesale and retail trade contributed the most to the decrease in Mainland GDP The rolling three-month growth was 0.1 percent.
Norwegian Economy Grew 0.4 Per Cent in January
Wholesale and retail trade contributed the most for GDP Mainland Norway, followed by the electricity industry. The three-month growth was 0.2 per cent.
The SNOW Model for Norway
In this document, we provide a description of the SNOW model for Norway (SNOW-NO), a multi-sector computable general equilibrium (CGE) model tailored to analyze energy, environmental and climate policies in Norway.
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