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20569
Increased saving in Norway
statistikk
2007-11-20T10:00:00.000Z
National accounts and business cycles
en
nri, Annual non-financial sector accounts, national accounts, general government, non-financial enterprises, financial enterprises, households, non-profit organisations, production, production price, operating profit, income, saving, saving rate, disposable income, FISM, net financial investments, dividendsNational accounts , National accounts and business cycles
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Annual non-financial sector accounts, national accounts, 2005-2006

A of 7 June 2017 the statistics will be published as Quarterly non-Financial sector accounts, national accounts.

The institutional sector accounts record economic transactions of the institutional sectors in national accounts. Non-financial and financial accounts by institutional sector is updated quarterly in StatBank.

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Increased saving in Norway

Final 2005 figures show that savings increased with 44 per cent compared with 2004, while savings for 2006 are estimated at NOK 572 billion, 19 per cent above 2005 figures. Disposable real income shows strong growth rate, and the revised preliminary figures for 2006 rose by 19 per cent compared with 2004.

Saving in Norway distributed by main sector for 2005 and 2006

National income for Norway is estimated to NOK 1711 billion for 2005. This is a revision of 15 billion compared to the preliminary estimate for 2005. Disposable income for Norway was NOK 1694 billion which is an increase of 16 billion compared to preliminary figures for 2005. Consumption is revised in the final figures which cause a saving at NOK 481 billion. This is growth of 44 per cent compared with 2004.

Low savings in households for 2006

Due to an upward adjustment in wages, running income and capital income, disposable income is revised with an increase of NOK 18 billion in 2005. Capital expenses, on the other hand, are revised down. Hence the savings rate is estimated at 10.3 per cent which is an upward revision compared to the preliminary figure 8.6 per cent. Preliminary figures for 2006 show a strong declining trend and is estimated at 0.1 per cent. The decrease is mainly caused by received dividends, which are reduced by NOK 92 billion in 2006. The high dividends in 2005 were motivated by new tax regulations imposed 01.01.2006.

Capital expenses related also contribute to a lower savings rate and increases by 18 per cent. Behind this development is an increase in stock of loans and higher interest rates. Households are also discussed http://www.ssb.no/english/subjects/09/01/knri_en/

Increased savings in general government and enterprises

There are only minor revisions in the final figures for saving in 2005.The final figures for 2005 savings in general government are estimated to NOK 312 billion, and constitute 65 per cent of total saving for Norway. In 2006, saving is estimated at NOK 420 billion, which is 73 per cent of total savings. The enterprises also show increased savings and are estimated at NOK 74 billion in 2005 and NOK 150 billon in 2006. The increase in saving in both sectors is partly caused by the growth in GDP and high tax revenues for general government. More see http://www.ssb.no/english/subjects/09/01/knr_en/

Revisions

Figures from 1978 are now available and revised accordingly to the main revision,see revisjons link

Tables

Published tables