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National accounts and business cycles
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Growth rate tapered off throughout the third quarter
Gross domestic product for mainland Norway (excluding shipping and petroleum extraction) grew by 0.7 percent from the second to third quarter, which is the same growth rate as the previous quarter. The growth was particularly strong in July and ta...
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The resource rent in Norwegian aquaculture and power production from 1984 to 2018
Reports 2019/34
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Gaps in prices on energy goods
The prices on crude oil and natural gas sank in October. However, the total index for energy goods did not go down noticeably. This was caused by the prices on both refined petroleum products and electricity getting an upturn.
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Lower optimism in manufacturing for the next quarter
Norwegian industrial managers report an increase in the production level in the third quarter of the year. The general outlook for the fourth quarter of 2019 is considered to be positive by the majority of industry leaders, but the share of optimi...
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Shocks in supply drives energy prices
An attack on Saudi-Arabia’s oil production led to a sudden jump in oil prices, while surpluses of natural gas led to a decrease in the Norwegian producer price index (PPI). The PPI excluding energy products increased marginally, mainly due to high...
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Sustained activity in the mainland-economy
Growth in gross domestic product (GDP) for mainland Norway was 0.7 per cent in June to August compared with March to May, shows seasonally adjusted figures. Monthly growth from July to August declined 0.2 per cent, following a 0.8 per cent increas...
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Imperfect competition, compensating differentials and rent sharing in the U.S. labor market
Discussion Papers no. 918
The primary goal of this paper is to quantify the importance of imperfect competition in the U.S. labor market by estimating the size of rents earned by American firms and workers from ongoing employment relationships.
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First union formation among the children of immigrants in Norway: Timing and choice of union type
Discussion Papers no. 917
This study uses Norwegian register data on all individuals born 1985 to 2000 who were either native-born or who immigrated as children or teens to investigate timing of first co-residential union and choice of union type in the period 2005 through...
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Improving educational pathways to social mobility: Evidence from Norway’s “Reform 94”
Discussion Papers no. 916
We study the effects of a nationwide high school reform in Norway on educational attainment, labor market participation, and earnings.
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Trade-offs between carbon sequestration, landscape aesthetics and biodiversity in a cost-benefit analysis of land use options in Norway
Discussion Papers no. 915
Norway is considering a national afforestation program for greenhouse gas (GHG) sequestration on recently abandoned semi-natural pastureland.
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Economic Survey 3-2019
The Norwegian economy remains in a moderate cyclical upturn.
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Revisions to the financial accounts
There are several revisions to the financial accounts this time. Some of them are listed below.
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Evaluating multilateral price indices in a dynamic item universe
Discussion Papers no. 914
Statistics Norway has a long history of using scanner data in the Consumer Price Index (CPI). The early research – in Norway as well as internationally – was focused on supermarket data which consists largely of stable items.
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Price increase on natural gas
A reduction in the price of crude oil of almost 5 per cent decreased the producer price index (PPI) from July to August, but with a sharp increase in the price of natural gas, the drop in the total index was minimal.
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Revision of the national accounts time series
Like in most European countries, Norway has completed a revision of the national accounts time series. The aim of this periodic revision was to incorporate new information. There have not been any changes in the definitions. The growth rate in mac...
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