20563_not-searchable
/en/nasjonalregnskap-og-konjunkturer/statistikker/knri/arkiv
20563
High savings for Norway in 2006 and 2007
statistikk
2008-11-25T10:00:00.000Z
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
false

Annual non-financial sector accounts, national accounts, 2006-2007

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.

Content

Published:

This is an archived release.

Go to latest release

High savings for Norway in 2006 and 2007

Final figures for 2006 show that savings for Norway amount to NOK 582 billion, which is NOK 100 billion more than the previous year. Preliminary estimates for savings in 2007 are NOK 601 billion. Disposable real income grew by 7.4 per cent from 2005 to 2006, and a further 3.2 per cent from 2006 to 2007.

National income for Norway in 2006 amounted to NOK 1 896 billion. This is a revision of NOK 9.2 billion compared to preliminary estimates, and is due to higher contributions from property income from the rest of the world accounts. Property income increased by NOK 7 billion from the last release in June and accounts for most of the adjustment. Disposable income for Norway in 2006 was NOK 1 876 billion, which is a revision of NOK 4.7 billion compared with preliminary figures. Final figures for savings in Norway for 2006 amount to NOK 582 billion and are revised by NOK 8 billion from the last release.

The revised preliminary figures for 2007 show growth in national income of 6 per cent, which is an upward adjustment of NOK 15 billion. This adjustment caused savings for 2007 to rise by NOK 19 billion and is estimated at NOK 601 billion.

Disposable real income from 2005 to 2006 grew by 7.4 per cent. From 2006 to 2007, disposable real income rose by 3.2 per cent.

Savings distributed by main sector for 2006 and 2007

Low savings in households for 2006

Disposable income for households and non-profit organisations serving households decreased by 4.6 per cent compared with the previous year. Disposable income amounts to NOK 861 billion and is approximately the same as preliminary accounts. The decrease in disposable income is caused by increased property income and reduced dividends. In particular, dividends for 2006 are considerably reduced due to tax regulations implemented on 1 January 2006.

Savings for 2007 are estimated at NOK 3 994 billion, and the savings rate at 0.4 per cent. This is due to adjustments, households’ pension funds, which are revised upwards by NOK 7 billion. Disposable real income amounts to NOK 807.6 billion, which is an increase of 5.9 per cent.

Still high savings in general government

Savings in general government amount to NOK 423 billon for 2006 and consist of 73 per cent of total savings in Norway. This is an increase of 0.5 per cent compared with 2005 figures. In 2007, savings remained high and amounted to NOK 430 billion, or a growth rate of 1.6 per cent. The high levels of savings are due to high economic activity and thus a high level of tax income. For more details of GDP, follow the link to the real accounts.

Higher net lending in enterprises (Corrected 27 November 2008)

Figures for 2006 show that savings in the enterprise sector amount to NOK 151 billion. This is an upward revision of NOK 17 billion compared to preliminary figures released in June 2008. Savings in the enterprise sector increased by NOK 13 billion from 2006 to 2007. Net lending in 2006 was NOK 28 billion, which is a uppward revision by NOK 17 billion compared with preliminary figures. In 2007 net lending amounts to NOK 26 billion which is NOK 25 billion higher than earlier estimates.

Tables

Published tables