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/en/nasjonalregnskap-og-konjunkturer/statistikker/knri/arkiv
10210
Positive saving ratio for households
statistikk
2008-05-27T10:00:00.000Z
National accounts and business cycles
en
knri, National accounts, non-financial sector accounts, households, non-profit organisations, disposable income, disposable real income, saving rate, income, expenditures, savings, FISIM, net financial investments, dividendsNational accounts , National accounts and business cycles
false

National accounts, non-financial sector accounts, Q1 2008

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Positive saving ratio for households

The disposable income of households less dividends was about 4 per cent or NOK 8.8 billion higher in the first quarter of 2008 than in the corresponding quarter of 2007. The increase in compensation of employees after tax contributed to this development together with a moderate increase in pensions and social support.

Disposable income, 1st quarter 2002-1st quarter 2008

Savings, 1st quarter 2002-1st quarter 2008

Households’ total income from wages and salaries less taxes was NOK 8.6 billion higher than in the first quarter of 2007. Pensions and social welfare assistance from the state sector rose by approximately NOK3.5 billion. This was mainly due to an increase in pensions and disability benefits.

Interest expenses for the households have increased sharply lately and were NOK 8 billion higher in the first quarter of 2008 than in the first quarter of 2007.

Savings, which is defined here as disposable income minus final consumption expenditure, amounted to NOK 8.6 billions in the first quarter of 2008. This is lower than in the corresponding quarter of 2007.

Revised savings figures for 2007

Due to new information on wages, salaries and interest expenses, the figures for household disposable income and savings have been adjusted for 2007. In spite of an upward adjustment of NOK 8.1 billion, the savings rate is still negative. According to preliminary estimates the savings rate is now -0.4 per cent for 2007.

For further information, see National accounts, institutional sector accounts .

Disposable income for households and NPISHs. Current prices. NOK million
 
  2006 2007 1st quarter 2006 2nd quarter 2006 3rd quarter 2006 4th quarter 2006 1st quarter 2007 2nd quarter 2007 3rd quarter 2007 4th quarter 2007 1st quarter 2008
 
Disposable income  862 116     923 459  211 388  209 938  218 379  222 412  226 451  225 780  232 810  238 418  235 460
Disposable income excluding dividends  854 478  909 423  209 861  206 882  217 233  220 501  223 644  220 166  230 704  234 909  232 479
 

Revisions

Quarterly institutional sector accounts are based on preliminary calculations. The uncertainty is greater in the last quarter of the year. New information is continuously integrated in the figures, which means that the previously released data might be revised. Quarterly institutional sector accounts are consolidated against the data from the quarterly national accounts data as well.

 

Tables

Published tables