Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Stock Market (points) 2262.17 2217 2164 2116 2070
Currency 9.79 9.72 9.65 9.58 9.51
Government Bond 10Y (%) 4.38 4.34 4.29 4.25 4.21

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 0.40 0.4 0.4 0.1 0.2
GDP Annual Growth Rate (%) 1.70 1.6 1.7 1.4 1.2
Unemployment Rate (%) 4.40 4.7 4.7 4.6 4.6
Inflation Rate (%) 2.70 2.7 3 2.5 2.4
Interest Rate (%) 4.25 4.5 4.5 4.5 4.5
Balance of Trade (NOK Million) 62602.00 43060 71800 86900 56300
Current Account (NOK Million) 266830.00 199000 185000 205000 174000
Business Confidence (points) 1.20 -3 -2 -4 -1
Consumer Confidence (points) -20.00 -18 -17 -16 -12
Retail Sales MoM (%) -2.10 -0.4 0.3 0.3 0.4
Current Account to GDP (% of GDP) 14.20 17.9
Government Debt to GDP (% of GDP) 54.30 56
Government Budget (% of GDP) 10.40 7.5

GDP Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 0.40 0.4 0.4 0.1 0.2
GDP Annual Growth Rate (%) 1.70 1.6 1.7 1.4 1.2
GDP Constant Prices (NOK Million) 1372249.00 1397668 1390633 1391460 1388716
Gross National Product (NOK Million) 1422075.00 1433662 1446250 1441984 1439140
Gross Fixed Capital Formation (NOK Million) 286834.00 299024 314301 290850 290276
GDP from Public Administration (NOK Million) 74789.00 75177 75746 75836 75686
GDP from Manufacturing (NOK Million) 79871.00 81093 80725 80989 80829
GDP from Mining (NOK Million) 1744.00 1662 1498 1768 1765
GDP from Agriculture (NOK Million) 6019.00 6832 6178 6103 6091
GDP from Utilities (NOK Million) 31461.00 33637 33499 31901 31839
GDP from Construction (NOK Million) 58863.00 59910 60029 59687 59569
GDP (USD Billion) 530.76 536
GDP per Capita (USD) 83812.76 84567
GDP per Capita PPP (USD) 91105.25 91925
Full Year GDP Growth (%) 1.10 0.9

Labour Actual Q3/26 Q4/26 Q1/27 Q2/27
Unemployment Rate (%) 4.40 4.7 4.7 4.6 4.6
Long Term Unemployment Rate (%) 0.80 0.8 0.9 0.9 0.8
Youth Unemployment Rate (%) 14.60 14.9 14.9 14.8 14.8
Labour Costs (points) 134.05 139 137 139 139
Wages in Manufacturing (NOK/Month) 63510.00 62155 63814 65923 65860
Wage Growth (%) 4.41 4.2 4 3.8 3.7
Wages (NOK/Month) 63630.00 61739 63534 66048 65984
Population (Million) 5.59 5.64

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 2.70 2.7 3 2.5 2.4
Consumer Price Index CPI (points) 102.80 103 104 105 105
Core Inflation Rate (%) 3.40 3.4 3.2 3 2.9
Core Consumer Prices (points) 103.50 104 104 105 106
GDP Deflator (points) 104.80 103 102 107 107
Producer Prices (points) 140.10 131 125 153 147
Producer Prices Change (%) 24.00 17 12 7 5
Food Inflation (%) 2.30 2.7 3 3 2.8
Core Inflation Rate MoM (%) 0.40 0.2 0.2 0.4 0.3
Inflation Rate MoM (%) -0.20 0.2 0.3 0.3 0.2
CPI Transportation (points) 102.60 103 103 103 104
CPI Housing Utilities (points) 102.70 104 105 105 105

Money Actual Q3/26 Q4/26 Q1/27 Q2/27
Interest Rate (%) 4.25 4.5 4.5 4.5 4.5
Interbank Rate (%) 4.25 4.5 4.5 4.5 4.5
Loans to Private Sector (NOK Million) 2162138.00 2186564 2187435 2233224 2255110
Deposit Interest Rate (%) 3.25 3.5 3.5 3.5 3.5
Loan Growth (%) 4.50 4.6 4.5 4.4 4.3
Lending Rate (%) 5.25 5.5 5.5 5.5 5.5
Private Debt to GDP (%) 175.30 175

Trade Actual Q3/26 Q4/26 Q1/27 Q2/27
Balance of Trade (NOK Million) 62602.00 43060 71800 86900 56300
Current Account (NOK Million) 266830.00 199000 185000 205000 174000
Imports (NOK Million) 95517.00 100940 105900 104100 103400
Exports (NOK Million) 158119.00 144000 177700 191000 159700
Crude Oil Production (BBL/D/1K) 1952.00 1980 1940 1900 1940
Current Account to GDP (% of GDP) 14.20 17.9

Business Actual Q3/26 Q4/26 Q1/27 Q2/27
Business Confidence (points) 1.20 -3 -2 -4 -1
Manufacturing Production MoM (%) -0.90 0.5 0.4 0.7 -0.6

Consumer Actual Q3/26 Q4/26 Q1/27 Q2/27
Consumer Confidence (points) -20.00 -18 -17 -16 -12
Retail Sales MoM (%) -2.10 -0.4 0.3 0.3 0.4
Retail Sales YoY (%) -2.50 2 2.3 2.1 1.8
Consumer Spending (NOK Million) 519808.00 527072 534529 527085 526046
Disposable Personal Income (NOK Million) 538077.00 420870 428659 545610 544534
Consumer Credit (NOK Million) 4734365.00 4680544 4738487 4757236 4791177
Gasoline Prices (USD/Liter) 2.07 2.51 2.09 2.09 2.09
Households Debt to Income (%) 207.60 207 207 206 207

Housing Actual Q3/26 Q4/26 Q1/27 Q2/27
Housing Index (points) 371.76 373 366 383 387
House Price Index YoY (%) 3.90 4 4 4.1 4.1
House Price Index MoM (%) 0.40 0.4 0.5 0.4 0.5

Government Actual Q3/26 Q4/26 Q1/27 Q2/27
Government Debt to GDP (% of GDP) 54.30 56
Government Budget (% of GDP) 10.40 7.5
Government Spending to GDP (% of GDP) 49.50 50.1