Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Stock Market (points) 2206.72 2178 2097 2051 2006
Currency 9.67 9.51 9.38 9.3 9.22
Government Bond 10Y (%) 4.25 4.11 4.04 4 3.96

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) -0.30 0.6 0.4 0.2 0.4
GDP Annual Growth Rate (%) 2.20 1.4 1.2 1.1 1.2
Unemployment Rate (%) 4.60 4.5 4.4 4.3 4.2
Inflation Rate (%) 3.60 3.2 2.2 2.1 2.6
Interest Rate (%) 4.00 4 4 3.75 3.5
Balance of Trade (NOK Million) 75911.00 58805 44989 42060 84800
Current Account (NOK Million) 174541.00 215000 195000 195000 185000
Business Confidence (points) 2.60 2 5 3 6
Consumer Confidence (points) -9.40 -9 -10 -8 -6
Retail Sales MoM (%) 1.10 0.2 0.5 -0.4 0.3
Current Account to GDP (% of GDP) 14.20 8.6
Government Debt to GDP (% of GDP) 55.10 56
Government Budget (% of GDP) 13.20 7.5

GDP Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) -0.30 0.6 0.4 0.2 0.4
GDP Annual Growth Rate (%) 2.20 1.4 1.2 1.1 1.2
GDP Constant Prices (NOK Million) 1370469.00 1363404 1373859 1390173 1386915
Gross National Product (NOK Million) 1426470.00 1453721 1443588 1442161 1443588
Gross Fixed Capital Formation (NOK Million) 317208.00 290706 299153 299159 321014
GDP from Mining (NOK Million) 1447.00 1682 1702 1649 1464
GDP from Agriculture (NOK Million) 6143.00 6135 6128 6749 6217
GDP from Utilities (NOK Million) 33287.00 35122 33764 33418 33686
GDP from Construction (NOK Million) 59003.00 60565 60113 59601 59711
GDP from Public Administration (NOK Million) 74486.00 73898 74323 74786 75380
GDP from Manufacturing (NOK Million) 79574.00 79499 81376 80877 80529
GDP (USD Billion) 483.73 490
GDP per Capita (USD) 79670.14 80626
GDP per Capita PPP (USD) 91108.24 92202
Full Year GDP Growth (%) 1.10 1.2

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 4.60 4.5 4.4 4.3 4.2
Long Term Unemployment Rate (%) 0.60 0.6 0.6 0.5 0.5
Youth Unemployment Rate (%) 14.10 14 13.9 13.8 13.7
Labour Costs (points) 133.14 136 154 139 138
Wages in Manufacturing (NOK/Month) 61360.00 63750 63809 62155 63814
Wage Growth (%) 4.90 4.8 4.4 4.2 4
Wages (NOK/Month) 61090.00 63886 63997 61739 63534
Population (Million) 5.59 5.64

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 3.60 3.2 2.2 2.1 2.6
Consumer Price Index CPI (points) 101.60 102 102 103 104
Core Inflation Rate (%) 3.40 3.3 3 2.9 2.7
Core Consumer Prices (points) 101.20 102 103 103 104
GDP Deflator (points) 98.60 109 104 102 101
Producer Prices (points) 121.90 120 116 116 116
Producer Prices Change (%) -7.80 -2.3 2.5 4 3.3
Food Inflation (%) 4.20 3.3 2.5 2.7 3
Core Inflation Rate MoM (%) 0.30 0.3 0.4 0.2 0.2
Inflation Rate MoM (%) 0.60 0.4 0.3 0.2 0.3
CPI Housing Utilities (points) 103.00 101 101 103 104
CPI Transportation (points) 101.40 102 102 102 103

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 4.00 4 4 3.75 3.5
Interbank Rate (%) 4.00 4 4 3.75 3.5
Loans to Private Sector (NOK Million) 2112192.00 2170456 2199402 2188666 2185211
Deposit Interest Rate (%) 3.00 3 3 2.75 2.5
Lending Rate (%) 5.00 5 5 4.75 4.5
Loan Growth (%) 4.40 4.4 4.6 4.7 4.4
Private Debt to GDP (%) 186.20 184

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (NOK Million) 75911.00 58805 44989 42060 84800
Current Account (NOK Million) 174541.00 215000 195000 195000 185000
Exports (NOK Million) 154466.00 158000 140700 138000 177700
Imports (NOK Million) 78555.00 99195 95711 95940 92900
Crude Oil Production (BBL/D/1K) 1922.00 1920 1950 1950 1940
Current Account to GDP (% of GDP) 14.20 8.6

Business Actual Q1/26 Q2/26 Q3/26 Q4/26
Business Confidence (points) 2.60 2 5 3 6
Manufacturing Production MoM (%) -0.10 0.6 -0.4 0.5 0.4

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Consumer Confidence (points) -9.40 -9 -10 -8 -6
Retail Sales MoM (%) 1.10 0.2 0.5 -0.4 0.3
Retail Sales YoY (%) 4.10 3 2.7 2 2.3
Consumer Spending (NOK Million) 526958.00 518999 520173 525256 533281
Disposable Personal Income (NOK Million) 372739.00 370293 377212 376839 377212
Consumer Credit (NOK Million) 4674766.00 4544920 4602061 4657510 4715341
Gasoline Prices (USD/Liter) 2.09 2.13 2.22 2.28 2.34

Housing Actual Q1/26 Q2/26 Q3/26 Q4/26
Housing Index (points) 365.01 370 372 370 363
House Price Index YoY (%) 4.20 3.6 3.8 3.4 3
House Price Index MoM (%) 0.60 0.6 0.6 0.5 0.5

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Government Debt to GDP (% of GDP) 55.10 56
Government Budget (% of GDP) 13.20 7.5
Government Spending to GDP (% of GDP) 49.50 46