View the Moody's Analytics Global Forecast. Real global GDP growth is projected to slow to around 2.4% in 2019, after 3% in 2018. The global economic slowdown is entrenched and widespread. Multiple factors are behind the synchronized slowdown, though international politics, particularly trade policy and Brexit, are the key headwinds. It is unknown how the trade war and Brexit will play out in the coming months. Major geopolitical risks also hang...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Private Consumption | 2019 Q3 | 376,174 | 374,330 | Mil. NOK, CDASA | Quarterly |
Government Consumption | 2019 Q3 | 398,917 | 396,845 | Mil. NOK, CDASA | Quarterly |
Nominal Gross Domestic Product | 2019 Q3 | 875,365 | 883,770 | Mil. NOK, CDASA | Quarterly |
Investment | 2019 Q3 | 262,534 | 252,786 | Mil. NOK, CDASA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2019 Q3 | 240,797 | 228,476 | Mil. NOK, CDASA | Quarterly |
Real Private Consumption | 2019 Q1 | 353,132 | 351,069 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Real Government Consumption | 2019 Q1 | 199,131 | 197,152 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Real Investment | 2019 Q1 | 243,583 | 247,403 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Real Gross Domestic Product | 2019 Q1 | 815,323 | 815,921 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2019 Q1 | 211,997 | 214,657 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Nov 2019 | 111.5 | 111.2 | Index 2015=100, SA | Monthly |
Producer Price Index (PPI) | Nov 2019 | 108.58 | 107.41 | Index 2015=100, SA | Monthly |
Wholesale Price Index | 2016 | 100.22 | 108.93 | Index 2010 = 100 | Annual |
Labor | Reference | Last | Previous | Units | Frequency |
Unemployment Rate | Sep 2019 | 3.9 | 3.7 | % of Labor Force 3-mo. MAVG, SA | Monthly |
Unemployment | Sep 2019 | 110 | 106 | Ths. 3-mo. MAVG, SA | Monthly |
Labor Force Employment | Sep 2019 | 2,736 | 2,743 | Ths. 3-mo. MAVG, SA | Monthly |
Labor Force | Sep 2019 | 2,847 | 2,850 | Ths. 3-mo. MAVG, SA | Monthly |
Agriculture Employment | 2017 | 57,611 | 57,869 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Imports of Goods | Oct 2019 | 65,907,064 | 67,388,912 | Ths. NOK, NSA | Monthly |
Exports of Goods | Oct 2019 | 71,781,808 | 65,965,640 | Ths. NOK, NSA | Monthly |
Balance of Goods | Oct 2019 | 5,874,744 | -1,423,272 | Ths. NOK, NSA | Monthly |
Imports of Goods and Services | 2019 Q3 | 318,318 | 310,541 | Mil. NOK, CDASA | Quarterly |
Exports of Goods and Services | 2019 Q3 | 312,585 | 329,304 | Mil. NOK, CDASA | Quarterly |
Net Exports | 2019 Q3 | -5,733 | 18,763 | Mil. NOK, CDASA | Quarterly |
Current Account Balance | 2019 Q3 | 23,927 | 26,527 | Mil. NOK, NSA | Quarterly |
Real Exports of Goods and Services | 2019 Q1 | 278,747 | 272,745 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Real Net Exports | 2019 Q1 | -1,224 | -611 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Real Imports of Goods and Services | 2019 Q1 | 279,971 | 273,356 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Government Revenues | 2019 Q3 | 314,098 | 378,600 | Mil. NOK, NSA | Quarterly |
Government Expenditures | 2019 Q3 | 322,556 | 350,181 | Mil. NOK, NSA | Quarterly |
Government Budget Balance | 2019 Q3 | -8,458 | 28,419 | Mil. NOK, NSA | Quarterly |
Gross External Debt | 2019 Q2 | 0 | 0 | USD, NSA | Quarterly |
Outstanding Public Debt | 2019 Q2 | 496,238 | 648,386 | Mil. NOK, NSA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Lending Rate | 12 Dec 2019 | 1.5 | 1.5 | % p.a., NSA | Business Daily |
Stock Market Index | 12 Dec 2019 | 999.32 | 994.57 | Index, NSA | Daily |
Average Long-term Government Bond | 12 Dec 2019 | 1.47 | 1.46 | %, NSA | Business Daily |
Money Market Rate | Dec 2016 | 1.16 | 1.1 | % | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
Dwelling Stocks | 2019 | 1,555,744 | 1,545,899 | # | Annual |
Residential Housing Starts | Oct 2019 | 2,586 | 2,748 | #, NSA | Monthly |
Residential Building Completions | Oct 2019 | 2,772 | 1,888 | #, NSA | Monthly |
House Price Index | 2019 Q3 | 117.8 | 118.7 | Index 2015=100, NSA | Quarterly |
Building Permits | 2019 Q3 | 7,946 | 8,984 | #, NSA | Quarterly |
Non-residential Building Permits | 2019 Q3 | 115 | 191 | #, NSA | Quarterly |
Non-residential Housing Starts | 2019 Q3 | 44 | 295 | #, NSA | Quarterly |
Building Completions | 2019 Q3 | 6,862 | 8,561 | #, NSA | Quarterly |
Non-residential Building Completions | 2019 Q3 | 74 | 159 | #, NSA | Quarterly |
Housing Starts | 2019 Q3 | 8,427 | 8,756 | #, NSA | Quarterly |
Consumer | Reference | Last | Previous | Units | Frequency |
Retail Sales | Oct 2019 | 109 | 104.5 | Index 2015=100, NSA | Monthly |
Personal Income | 2017 | 1,943,039 | 1,878,983 | Mil. NOK, NSA | Annual |
Business | Reference | Last | Previous | Units | Frequency |
Industrial Production | Oct 2019 | 83.2 | 80.3 | Index 2005=100, SA | Monthly |
Change in Inventories | 2019 Q3 | 21,620 | 24,196 | Mil. NOK, CDASA | Quarterly |
Business Confidence | 2019 Q3 | 2.2 | 5.1 | Balance of opinion, SA | Quarterly |
Capacity Utilization | 2019 Q3 | 79.4 | 79.4 | % WA, SA | Quarterly |
Real Change in Inventories | 2019 Q1 | 31,468 | 32,631 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Births | 2019 Q3 | 14,694 | 14,246 | #, NSA | Quarterly |
Deaths | 2019 Q3 | 9,694 | 9,842 | #, NSA | Quarterly |
Net Migration | 2017 | 140,000 | # | Annual | |
Population | 2017 | 5,305,383 | 5,254,694 | # | Annual |
Birth Rate | 2016 | 11.2 | 11.3 | # per Ths. pop. | Annual |
Death Rate | 2015 | 7.8 | 7.9 | # per Ths. pop. | Annual |