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Income growth fuelled by high dividends
The household saving ratio was estimated at 16.1 per cent in the second quarter of 2005, compared with 14.8 per cent in the same quarter last year. Household income from dividends has increased markedly during the past few years and contributes significantly to household saving.
It is estimated that households and non-profit institutions serving households (NPISH) received NOK 29 billion in dividend payments in the second quarter of 2005. Disposable income increased by 5.7 per cent in the first two quarters of 2005 compared with the same period last year.
Statistics Norway compiles quarterly non-financial accounts for households and NPISHs based on the definitions used in SNA93 and ESA95. Core macroeconomic variables such as disposable income, savings and net lending are published on a quarterly basis in connection with the quarterly supply and use tables.
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Contact
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Pål Sletten
E-mail: pal.sletten@ssb.no
tel.: (+47) 99 29 06 84
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Nils Amdal
E-mail: nils.amdal@ssb.no
tel.: (+47) 91 14 91 46