National accounts

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.

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.

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 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.

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.

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.

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.

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.

This paper documents the Python class ModelSolver. ModelSolver lets the user define a model object in terms of equations and endogenous variables.

GDP for Mainland Norway increased 0.7 per cent from 2022 to 2023, measured in constant prices. The Norwegian economy had an almost flat development through 2023 and grew 0.2 per cent in the fourth quarter.

This paper assesses the necessity and feasibility of estimating the asset value of petroleum resources on the Norwegian continental shelf from the oilfield level. It is the second outcome from an ongoing project (‘Valuation of petroleum resources in Norway’) at Statistics Norway.

This document demonstrates the feasibility for compiling the physical asset accounts for petroleum resources on the Norwegian continental shelf according to SEEA-CF standard.

GDP Mainland Norway declined 0.2 per cent from October to November. The three-month growth was 0.1 per cent.

GDP Mainland Norway increased 0.4 per cent from September to October. The three-month growth was 0.0 per cent.

GDP Mainland Norway increased 0.1 per cent in the third quarter. Disregarding industries that were heavily affected by the weather, there was a decrease of 0.1 per cent.

In this report, we use National Accounts data from Statistics Norway to calculate the resource rent in the natural resource industries in Norway in the period from 1984 to 2022

GDP Mainland-Norway decreased 0.2 per cent in August. The decline was roughly the same size as the rise the previous month.

Growth in administrative and support service activities, as well as selected manufacturing industries, contributed to an uptick in the gross domestic product for Mainland Norway. Consumption in households increased.

GDP Mainland Norway remained flat from the first to the second quarter of 2023. Apart from car purchases, household consumption decreased. There was also weak development in several industries.

GDP Mainland Norway increased 0.5 per cent in May after a similar decline the month prior.

This working paper was prepared for the 28th meeting of the London Group held on September 26-29, 2022, in Siegburg, Germany. The paper discusses current progress on ocean accounting in Norway.

The decline in Mainland GDP was broadly based. There was also a fall in consumption.

Based on the Norwegian experiences, a long-term average pattern is identified as regards the distribution of resource rent due to petroleum activities, which can be used to split the economic ownership of oil and gas between the government and the oil and gas sector in Norway.

This document, by using examples, aims to demonstrate how the quality-adjusted labor input data can be applied for economic analysis in general, and for growth accounting in particular.

GDP Mainland Norway only increased 0.2 per cent in the first quarter of 2023. However, the development in employment through the last half of last year continued in the 1st quarter, with an increase of 0.5 per cent.

GDP Mainland Norway fell 0.2 per cent in February. A decline in construction, as well as support activities for petroleum and natural gas extraction, were the main contributors to the overall decline.

This document provides a comprehensive documentation of data sources and methods for calculating the central variables gross domestic product (GDP) and gross national income (GNI) in the Norwegian national accounts.

This document presents a description of updating the treatment of the Norwegian central bank output in both the Supply and Use tables (SUTs) and the institutional sector accounts, more in line with the international standards in this regard.

Somatic services rendered by central government-owned hospitals account for a significant part of nonmarket activities in Norway. The output volume of these services has been currently measured by the summed DRG (diagnosis related groups) points in the Norwegian national accounts.

GDP Mainland Norway fell 0.2 per cent in January. A significant fall in wholesale and retail trade, especially the sale of motor vehicles, contributed most to the decline.

GDP for Mainland Norway increased 3.8 per cent from 2021 to 2022. In 2022, the Norwegian economy was impacted by recovery after the pandemic and sharp price increases, especially on energy products.

The Gross Domestic Product (GDP) of Mainland Norway grew by 0.2 percent in November. Retail trade was the main contributor to the growth. Declines in some parts of the industry decreased the growth.

The growth for GDP Mainland Norway flattened from September to October, adjusted for seasonal and calendar effects. Besides fishing, GDP Mainland Norway increased 0.2 per cent.

The economic activity fell in July but increased in August and September. The growth was driven by increased activity in the service industries.

GDP for Mainland Norway increased 0.4 per cent from July to August, adjusted for seasonal variations. Increased prices for important export goods led to total GDP increasing as much as 6.7 per cent, measured in current prices.

GDP for Mainland Norway decreased 0.3 per cent in July, adjusted for seasonal variations. The decline in wholesale and retail trade continued. At the same time, there was an increased activity in several industries, particularly in manufacturing. Gas prices rose sharply from June to July, which led to total GDP growing by 6.9 per cent, measured in current prices.

GDP for mainland Norway increased 0.7 per cent in the second quarter, seasonally adjusted figures show. At the same time, the Norwegian economy is characterized by strong price growth, as a result of high energy and raw material prices.

The GDP for Mainland Norway fell 0.2 per cent from April to May, adjusted for seasonal and calendar effects.

The GDP for Mainland Norway fell by 0.5 per cent in April, adjusted for seasonal and calendar effects. Growth continued in parts of the economy, and the industries hardest hit by the pandemic recovered further. A decline in electricity, aquaculture and wholesale and retail trade nevertheless led to a decline in the mainland economy.

Norway is a country rich in natural resources. Extraordinarily high returns in a sector based on the extraction of a natural resource are referred to as resource rents.

This publication describes the Nordics during the first phases of COVID-19. The publication is the result of the Nordic Chief Statisticians' decision to publish a joint comparative analysis concerning the socio-economic effects of COVID-19 in Denmark, Finland, Iceland, Norway, and Sweden.

Seasonally adjusted figures from the national accounts show that GDP for mainland Norway increased 1.0 per cent in March. Increased prices on important export goods like oil and gas led to a huge trade surplus and a significant upturn in total GDP measured in current prices.

The satellite accounts for the ocean are a pilot and are co-financed by the Research Council of Norway and Statistics Norway (SSB). It is part of the fourth phase of the OECD project «Future of the Ocean Economy» in which Norway has participated since the beginning in 2013.

Seasonally adjusted figures from the National Accounts show that GDP for Mainland Norway increased 0.5 per cent in February. Fishing was the largest contributor to the growth in the mainland economy. There was also an increase in many service industries after Covid restrictions were lifted.

GDP for mainland Norway fell 0.9 percent in January, adjusted for seasonal and calendar effects. Electricity and traditional fishing contributed most to the decline. At the same time, parts of the service industries were still affected by the Covid-19 restrictions introduced in December.

Preliminary figures from the National Accounts for 2021 show that GDP for mainland Norway increased 4.2 per cent from 2020. Mainland GDP grew 1.4 per cent in the fourth quarter and fell 0.4 per cent in December.

Seasonally adjusted figures from the national accounts show that GDP for Mainland Norway continued to increase in November. Many industries that have been affected by the pandemic continued their recovery. The growth in November was also driven by less cyclical industries.

Seasonally adjusted figures from the national accounts show that GDP for Mainland Norway remained unchanged in October compared with the previous month. The catch-up continued, however, for many industries that have been particularly affected by the pandemic, while the fisheries curbed growth.

GDP for mainland Norway increased by 2.6 percent from the second to the third quarter of 2021, seasonally adjusted figures show. The recovery of the Norwegian economy continued, employment rose, and increased prices on Norwegian exports gave a huge rise in the trade surplus.

GDP for mainland Norway increased by 1.1 per cent in August, seasonally adjusted figures show. This is largely due to unusually high catching volumes of mackerel by the Norwegian fleet in August. Excluding the contribution provided by fishing, the economic activity on the mainland had a modest growth.

Seasonally adjusted figures from the national accounts show a 0.4 per cent growth in the mainland economy in July. Several of the industries that have been hardest hit by the COVID-19 restrictions recovered further. However, in July the activity levels in these industries were still below those in February 2020.

Extraordinarily high returns in a sector based on the extraction of a natural resource can be referred to as resource rents.

Gross domestic product (GDP) for mainland Norway (excluding oil and foreign shipping) increased by 1.4 percent from the first to the second quarter, seasonally adjusted figures from the national accounts show. In June, GDP for mainland Norway was back at the same level as before the pandemic in March last year.

Statistics Norway started publishing the Monthly National Accounts on 11 September 2018, and this changed the way the Norwegian Quarterly National Accounts (QNA) were compiled.

Mainland Norway’s GDP increased 1.8 per cent in May, adjusted for seasonal variation. The growth reflects the reopening of parts of society.