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Only small revisions in GDP-growth
statistikk
2007-11-20T10:00:00.000Z
National accounts and business cycles
en
nr, Annual national accounts, gross domestic product, GDP, value added, GDP per capita, gross national income, export, import, wage costs, annual salary, man-labour years, man-hours, employees, capital stock, gross investments, household consumption, consumption in non-profit organisations, public consumption, material production, service production, input-output tables, oil investments, mainland NorwayNational accounts , National accounts and business cycles
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Annual national accounts, 2005-2006

As of 16 May 2017 the statistics will be published as Quarterly national accounts.

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Only small revisions in GDP-growth

Final annual national accounts numbers for 2005 confirm the growth in GDP of 2.7 per cent, as published earlier. The revision of preliminary GDP growth for 2006 shows a growth of 2.2 per cent, which is 0.4 per cent point lower then previously calculated.

Volume growth rates of GDP 2000-2006. Percentage change from previous year. Total and Mainland Norway.

Final annual national accounts numbers for 2005 also show that the growth in GDP for Mainland Norway increased by 4.6 per cent from the year before. Compared with last published numbers, this is a revision of 0.1 percentage point up. From 2005 to 2006, the revised preliminary national account shows a growth of 4.3 per cent, against 4.6 which was published earlier. In 2005 and 2006, the service industries generated more than half of the growth in GDP Mainland Norway. The revised numbers also show that manufacturing industries contributed positively to the growth, with a growth of 4.5 per cent in 2005 and 4.4 per cent in 2006. This is an upward revision of 0.9 percentage point for 2005 and 0.5 percentage point for 2006.

Statistic Norway's revised national accounts are available as of the 20th of November. Links include National Accounts :

National accounts, annual, final national accounts 2005 an preliminary national accounts 2006 National accounts, Institutional Sector Accounts for 1978-2005 and preliminary accounts 2006, quarterly national accounts for third quarter of 2007.

Macroeconomic indicators. Volume growth from previous year. Per cent. Revicsed and earlier published numbers for 2005 and 2006
  2005 Revision in 
per cent point 		2006 Revision in 
per cent point
  Revised Earlier Revised Earlier
Growth in gross domestic product (GDP) 2.7 2.7 0.0 2.2 2.8 -0.6
Gross domestic produkt Mainland Norway 4.6 4.5 0.1 4.3 4.6 -0.3
Petroleum activities and ocean transport -3.8 -3.5 -0.3 -4.1 -3.8 -0.3
Mainland Norway (basic values) 4.5 4.4 0.1 4.2 4.3 -0.1
Manufacturing and mining 4.2 3.4 0.8 4.5 4.1 0.4
Production of other goods 8.3 9.0 -0.7 -1.2 0.5 -1.7
Service industries 4.8 5.0 -0.2 6.2 6.4 -0.2
General government 2.0 1.5 0.5 2.1 1.6 0.5
             
Final domestic use of goods and services            
Household final consumption exp 4.1 3.2 0.9 4.1 4.3 -0.2
Final consumption exp. of general government 0.7 1.8 -1.1 3.0 3.3 -0.3
Gross fixed capital formation. 13.3 11.2 2.1 6.5 7.4 -0.9
Mainland Norway 12.6 9.1 3.5 7.3 8.0 -0.7
             
Total exports 1.1 0.7 0.4 0.5 1.6 -1.1
Total imports 8.7 8.6 0.1 8.2 8.2 0.0
             
Growth in employed persons and productivity            
Employed persons 1.2 1.0 0.2 3.3 3.1 0.2
Hours worked 1.4 1.2 0.2 2.4 2.1 0.3
Full-time equivalent 3.8 4.0 -0.2 4.3 4.3 0.0
GDP per houers worked 1.3 1.4 -0.1 -0.3 0.6 -0.9
             
Growth in prices            
Price deflator for GDP 8.7 8.5 0.2 8.5 7.7 0.8
Price deflator for GDP Mainland Norway 2.3 2.1 0.2 3.7 3.4 0.3
Price deflator for Houshold final consumption exp. 1.0 1.0 0.0 2.1 2.0 0.1

For more details, see StatBank ,