Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 2424.13 2252 2203 2155 2155
Currency 9.74 9.58 9.5 9.42 9.42
Government Bond 10Y (%) 4.34 4.37 4.33 4.28 4.28

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) -0.30 0.5 0.4 0.4 0.1
GDP Annual Growth Rate (%) 2.20 1.2 1.1 1.2 1
Unemployment Rate (%) 4.90 4.4 4.3 4.2 4.2
Inflation Rate (%) 2.70 3.6 3.1 2.8 2.6
Interest Rate (%) 4.00 4 4.25 4.25 4.25
Balance of Trade (NOK Million) 44763.00 44989 42060 84800 58900
Current Account (NOK Million) 153109.00 195000 195000 185000 175000
Business Confidence (points) 2.60 -6 -3 1 4
Consumer Confidence (points) -9.40 -16 -18 -14 -12
Retail Sales MoM (%) -1.10 0.5 -0.4 0.3 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 Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) -0.30 0.5 0.4 0.4 0.1
GDP Annual Growth Rate (%) 2.20 1.2 1.1 1.2 1
GDP Constant Prices (NOK Million) 1370469.00 1373859 1390173 1386915 1384174
Gross National Product (NOK Million) 1422075.00 1454503 1426607 1439140 1436296
Gross Fixed Capital Formation (NOK Million) 317208.00 299153 299159 321014 320380
GDP from Mining (NOK Million) 1447.00 1702 1649 1464 1461
GDP from Agriculture (NOK Million) 6143.00 6128 6749 6217 6204
GDP from Manufacturing (NOK Million) 79574.00 81376 80877 80529 80370
GDP from Utilities (NOK Million) 33287.00 33764 33418 33686 33620
GDP from Public Administration (NOK Million) 74486.00 74323 74786 75380 75231
GDP from Construction (NOK Million) 59003.00 60113 59601 59711 59593
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 Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 4.90 4.4 4.3 4.2 4.2
Long Term Unemployment Rate (%) 0.70 0.6 0.5 0.5 0.5
Youth Unemployment Rate (%) 14.60 14.1 14 13.9 13.9
Labour Costs (points) 130.82 155 139 136 136
Wages in Manufacturing (NOK/Month) 61360.00 63809 62155 63814 63692
Wage Growth (%) 4.90 4.4 4.2 4 3.8
Wages (NOK/Month) 61090.00 63997 61739 63534 63411
Population (Million) 5.59 5.64

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 2.70 3.6 3.1 2.8 2.6
Consumer Price Index CPI (points) 102.20 104 104 104 105
Core Inflation Rate (%) 3.00 3.3 3.4 3.3 3
Core Consumer Prices (points) 101.90 104 104 104 105
GDP Deflator (points) 98.60 106 103 101 101
Producer Prices (points) 121.10 116 116 116 124
Producer Prices Change (%) -9.40 2.5 4 3.3 2.5
Food Inflation (%) 3.30 2.5 2.7 3 3
Core Inflation Rate MoM (%) 0.70 0.4 0.2 0.2 0.4
Inflation Rate MoM (%) 0.60 0.3 0.2 0.3 0.3
CPI Transportation (points) 102.20 103 103 103 103
CPI Housing Utilities (points) 103.30 103 104 105 106

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 4.00 4 4.25 4.25 4.25
Interbank Rate (%) 4.00 4 4.25 4.25 4.25
Loans to Private Sector (NOK Million) 2139332.00 2199402 2188666 2191491 2237741
Deposit Interest Rate (%) 3.00 3 3.25 3.25 3.25
Lending Rate (%) 5.00 5 5.25 5.25 5.25
Loan Growth (%) 4.60 4.6 4.7 4.7 4.6
Private Debt to GDP (%) 186.20 184

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (NOK Million) 44763.00 44989 42060 84800 58900
Current Account (NOK Million) 153109.00 195000 195000 185000 175000
Imports (NOK Million) 88327.00 95711 95940 92900 103100
Exports (NOK Million) 133090.00 140700 138000 177700 162000
Crude Oil Production (BBL/D/1K) 1899.00 1850 1980 1940 1900
Current Account to GDP (% of GDP) 14.20 8.6

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Business Confidence (points) 2.60 -6 -3 1 4
Manufacturing Production MoM (%) -0.30 -0.4 0.5 0.4 0.7

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Confidence (points) -9.40 -16 -18 -14 -12
Retail Sales MoM (%) -1.10 0.5 -0.4 0.3 0.3
Retail Sales YoY (%) 1.60 2.7 2 2.3 2.1
Consumer Spending (NOK Million) 526958.00 520173 525256 533281 532228
Disposable Personal Income (NOK Million) 538077.00 427908 418799 426552 543458
Consumer Credit (NOK Million) 4680033.00 4602061 4657510 4715441 4726833
Gasoline Prices (USD/Liter) 1.97 2.93 2.51 2.09 2.09

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Housing Index (points) 363.92 372 370 363 376
House Price Index YoY (%) 3.00 3.8 3.4 3 3.2
House Price Index MoM (%) -0.30 0.4 0.5 0.5 0.4

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
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