The downward trend in global military spending reversed abruptly following Russia’s invasion of Ukraine. Military spending in Russia and Ukraine has obviously surged; two-thirds of NATO members have also pledged to boost defence spending. The pivot towards military spending will leave a legacy of higher debt and divert scarce resources from social programmes, health budgets, education, and advancing towards climate commitments. Last week,...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Real Private Consumption | 2022 Q3 | 398,571 | 397,212 | Mil. 2020 NOK, CDASA | Quarterly |
Private Consumption | 2022 Q3 | 435,765 | 422,839 | Mil. NOK, CDASA | Quarterly |
Government Consumption | 2022 Q3 | 461,800 | 447,988 | Mil. NOK, CDASA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2022 Q3 | 273,457 | 269,523 | Mil. NOK, CDASA | Quarterly |
Real Investment | 2022 Q3 | 299,046 | 294,178 | Mil. 2020 NOK, CDASA | Quarterly |
Investment | 2022 Q3 | 397,555 | 341,805 | Mil. NOK, CDASA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2022 Q3 | 245,884 | 244,854 | Mil. 2020 NOK, CDASA | Quarterly |
Nominal Gross Domestic Product | 2022 Q3 | 1,566,222 | 1,392,781 | Mil. NOK, CDASA | Quarterly |
Real Government Consumption | 2022 Q3 | 236,532 | 236,719 | Mil. 2020 NOK, CDASA | Quarterly |
Real Gross Domestic Product | 2022 Q3 | 937,065 | 922,874 | Mil. 2020 NOK, CDASA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Dec 2022 | 125.9 | 125.5 | Index 2015=100, SA | Monthly |
Producer Price Index (PPI) | Dec 2022 | 205.39 | 200.12 | 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 | Nov 2022 | 3.2 | 3.2 | % 3-mo MA, SA | Monthly |
Unemployment | Nov 2022 | 95 | 95 | Ths. 3-mo MA, SA | Monthly |
Labor Force Employment | Nov 2022 | 2,846 | 2,844 | Ths. # 3-mo MA, SA | Monthly |
Labor Force | Nov 2022 | 2,941 | 2,939 | Ths. # 3-mo MA, SA | Monthly |
Agriculture Employment | 2017 | 57,611 | 57,869 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Exports of Goods | Dec 2022 | 239,749,267 | 196,308,025 | Ths. NOK, NSA | Monthly |
Balance of Goods | Dec 2022 | 148,775,266 | 99,996,949 | Ths. NOK, NSA | Monthly |
Imports of Goods | Dec 2022 | 90,974,001 | 96,311,076 | Ths. NOK, NSA | Monthly |
Real Exports of Goods and Services | 2022 Q3 | 313,563 | 296,667 | Mil. 2020 NOK, CDASA | Quarterly |
Exports of Goods and Services | 2022 Q3 | 856,169 | 729,156 | Mil. NOK, CDASA | Quarterly |
Real Imports of Goods and Services | 2022 Q3 | 335,026 | 325,710 | Mil. 2020 NOK, CDASA | Quarterly |
Imports of Goods and Services | 2022 Q3 | 408,328 | 382,655 | Mil. NOK, CDASA | Quarterly |
Current Account Balance | 2022 Q3 | 570,571 | 321,927 | Mil. NOK, NSA | Quarterly |
Net Exports | 2020 Q3 | -12,046 | -11,484 | Mil. NOK, CDASA | Quarterly |
Real Net Exports | 2019 Q1 | -1,224 | -611 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Government Expenditures | 2022 Q3 | 375,420 | 430,879 | Mil. NOK, NSA | Quarterly |
Government Revenues | 2022 Q3 | 718,838 | 633,690 | Mil. NOK, NSA | Quarterly |
Government Budget Balance | 2022 Q3 | 343,418 | 202,811 | Mil. NOK, NSA | Quarterly |
Gross External Debt | 2022 Q3 | 0 | 0 | USD, NSA | Quarterly |
Outstanding Public Debt | 2022 Q3 | 826,889 | 708,589 | Mil. NOK, NSA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Lending Rate | 07 Feb 2023 | 2.75 | 2.75 | % p.a., NSA | Business Daily |
Stock Market Index | 07 Feb 2023 | 1,377 | 1,365 | Index, NSA | Daily |
Average Long-term Government Bond | 07 Feb 2023 | 3 | 2.95 | % p.a., NSA | Business Daily |
Money Market Rate | Dec 2016 | 1.16 | 1.1 | % | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
Dwelling Stocks | 2023 | 1,592,339 | 1,582,747 | # | Annual |
Residential Housing Starts | Dec 2022 | 2,398 | 2,363 | #, NSA | Monthly |
Residential Building Completions | Dec 2022 | 2,474 | 2,549 | #, NSA | Monthly |
House Price Index | 2022 Q4 | 137.4 | 143.1 | Index 2015=100, NSA | Quarterly |
Building Completions | 2022 Q3 | 6,793 | 7,101 | #, NSA | Quarterly |
Housing Starts | 2022 Q3 | 6,543 | 7,423 | #, NSA | Quarterly |
Non-residential Building Completions | 2022 Q3 | 222 | 101 | #, NSA | Quarterly |
Non-residential Housing Starts | 2022 Q3 | 54 | 89 | #, NSA | Quarterly |
Non-residential Building Permits | 2022 Q3 | 63 | 37 | #, NSA | Quarterly |
Building Permits | 2022 Q3 | 7,835 | 7,465 | #, NSA | Quarterly |
Consumer | Reference | Last | Previous | Units | Frequency |
Retail Sales | Dec 2022 | 152.6 | 142.7 | Index 2015=100, NSA | Monthly |
Personal Income | 2021 | 2,421,121 | 2,185,083 | Mil. NOK, NSA | Annual |
Business | Reference | Last | Previous | Units | Frequency |
Industrial Production | Dec 2022 | 91.2 | 91.3 | Index 2005=100, SA | Monthly |
Business Confidence | 2022 Q4 | -3.9 | -4.8 | Balance of opinion, SA | Quarterly |
Capacity Utilization | 2022 Q4 | 80 | 80.6 | % WA, SA | Quarterly |
Change in Inventories | 2022 Q3 | 124,016 | 72,204 | Mil. NOK, CDASA | Quarterly |
Real Change in Inventories | 2019 Q1 | 31,468 | 32,631 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Births | 2022 Q3 | 13,760 | 13,289 | #, NSA | Quarterly |
Deaths | 2022 Q3 | 10,844 | 10,911 | #, NSA | Quarterly |
Population | 2020 | 5,421,242 | 5,378,859 | # | Annual |
Net Migration | 2017 | 140,000 | # | Annual | |
Birth Rate | 2016 | 11.2 | 11.3 | # per Ths. pop. | Annual |
Death Rate | 2015 | 7.8 | 7.9 | # per Ths. pop. | Annual |