Markets Actual Q4 Q1 Q2 Q3 2020
Currency 8.55 8.25 8.3 8.36 8.42 8.66
Stock Market (points) 945.05 1062 1052 1041 1031 990
Government Bond 10Y (%) 1.87 1.97 2.01 2.05 2.08 2.25
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.60 0.7 0.4 0.4 0.4 0.8
GDP Annual Growth Rate (%) 1.10 2.3 2.1 2.3 2.1 2.6
Unemployment Rate (%) 4.00 3.8 3.8 3.7 3.7 3.7
Inflation Rate (%) 3.50 2.9 1.9 2 1.8 1.5
Interest Rate (%) 0.75 0.75 1 1 1 1.5
Balance of Trade (NOK Million) 34898.50 19800 25400 6300 33690 14900
Current Account (NOK Million) 91780.00 75800 55100 60200 59800 34200
Current Account to GDP (%) 5.70 7.7 8 8 8 8.5
Government Debt to GDP (%) 36.20 34 32 32 32 30
Government Budget (% of GDP) 4.40 4.7 4.9 4.9 4.9 5.1
Business Confidence (Index Points) 8.90 9.5 8 8.6 9.1 5.1
Manufacturing PMI 56.10 54.5 54 54 53.2 52.5
Consumer Confidence (Index Points) 14.60 17 14 14 20.59 17
Retail Sales MoM (%) -0.20 0.2 1.1 -2 0.5 0.6
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 38.52 38.52 38.52 38.52 38.52 38.52
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.60 0.7 0.4 0.4 0.4 0.8
GDP Annual Growth Rate (%) 1.10 2.3 2.1 2.3 2.1 2.6
GDP (USD Billion) 398.83 425 450 450 450 470
GDP Constant Prices (NOK Million) 811190.00 818741 819788 825088 828225 855148
Gross National Product (NOK Million) 867368.00 888740 870035 902314 885583 928261
Gross Fixed Capital Formation (NOK Million) 208126.00 211787 198119 211876 212497 221204
GDP per capita (USD) 91218.62 91500 92200 92200 92200 93000
GDP per capita PPP (USD) 64800.06 65000 65800 65800 65800 66300
GDP From Agriculture (NOK Million) 4007.00 5525 5609 5629 4091 5771
GDP From Construction (NOK Million) 50490.00 49434 50113 51079 51550 51633
GDP From Manufacturing (NOK Million) 52192.00 52600 52361 53101 53288 54939
GDP From Mining (NOK Million) 1182.00 1222 1235 1238 1207 1277
GDP From Public Administration (NOK Million) 48827.00 49228 49313 49689 49852 51417
GDP From Utilities (NOK Million) 5064.00 4963 5040 5112 5170 5183
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 4.00 3.8 3.8 3.7 3.7 3.7
Unemployed Persons 80751.00 78420 77250 76200 75900 74250
Labor Force Participation Rate (%) 70.70 69.6 69.7 70.6 69.9 70.9
Wages in Manufacturing (Index Points) 101.60 154 156 101 101 160
Wage Growth (%) 2.42 2.5 2.6 2.6 2.8 3.4
Population (Million) 5.30 5.3 5.36 5.36 5.36 5.41
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 62.00 62 62 62 62 62
Wages (NOK/Month) 45570.00 45200 46000 46000 46000 46600
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 3.50 2.9 1.9 2 1.8 1.5
Consumer Price Index CPI (Index Points) 109.80 109 109 111 111 113
Harmonised Consumer Prices (Index Points) 110.70 110 110 111 112 113
Core Consumer Prices (Index Points) 107.20 107 107 108 109 111
Core Inflation Rate (%) 2.20 1.7 1.6 1.6 1.7 1.9
Producer Prices (Index Points) 269.80 289 262 272 280 309
Producer Prices Change (%) 14.90 12.5 7.5 4.5 4 3.2
Food Inflation (%) 4.30 2.4 2.6 2.5 2.8 3.4
Inflation Rate Mom (%) 0.50 0.5 0.17 0.19 0.19 0.4
CPI Housing Utilities (Index Points) 114.80 112 114 115 117 116
CPI Transportation (Index Points) 109.80 109 109 112 111 112
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 0.75 0.75 1 1 1 1.5
Interbank Rate (%) 1.30 1.14 1.39 1.39 1.39 1.89
Deposit Interest Rate (%) -0.25 -0.25 0 0 0 0.5
Lending Rate (%) 1.75 1.75 2 2 2 2.5
Loan Growth (%) 5.70 5.55 5.42 5.31 5.22 4.89
Private Debt to GDP (%) 284.60 278 272 272 272 266
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (NOK Million) 34898.50 19800 25400 6300 33690 14900
Current Account (NOK Million) 91780.00 75800 55100 60200 59800 34200
Current Account to GDP (%) 5.70 7.7 8 8 8 8.5
Imports (NOK Million) 64619.13 59400 54700 69100 60313 70200
Exports (NOK Million) 99517.64 79200 80100 75400 94003 85100
Terms of Trade (Index Points) 108.23 108 109 109 109 109
Crude Oil Production (BBL/D/1K) 1526.00 1532 1531 1531 1531 1500
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 36.20 34 32 32 32 30
Government Budget (% of GDP) 4.40 4.7 4.9 4.9 4.9 5.1
Government Budget Value (NOK Million) 29995.00 1795 -5890 6008 28458 -11660
Government Spending (NOK Million) 198549.00 202063 201604 202581 202719 211048
Government Spending to GDP (%) 50.30 50 49.7 49.7 50.3 49.4
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 38.52 38.52 38.52 38.52 38.52 38.52
Sales Tax Rate (%) 25.00 25 25 25 25 25
Social Security Rate (%) 22.30 22.3 22.3 22.3 22.3 22.3
Social Security Rate For Companies (%) 14.10 14.1 14.1 14.1 14.1 14.1
Social Security Rate For Employees (%) 8.20 8.2 8.2 8.2 8.2 8.2
Business Actual Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 8.90 9.5 8 8.6 9.1 5.1
Manufacturing PMI 56.10 54.5 54 54 53.2 52.5
Industrial Production (%) 4.50 4 4.1 3.8 0.34 2.5
Industrial Production Mom (%) 2.30 0.2 0.6 0.4 0.04 0.4
Manufacturing Production (%) 3.00 4.5 4.2 4 2.39 3
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 14.60 17 14 14 20.59 17
Retail Sales MoM (%) -0.20 0.2 1.1 -2 0.5 0.6
Retail Sales YoY (%) 0.60 2.5 2.2 2.4 2.5 2
Consumer Spending (NOK Million) 369151.00 374127 373633 378269 376903 390764
Personal Savings (%) 5.60 6.9 7 7.2 7.1 8.7
Gasoline Prices (USD/Liter) 1.89 1.93 1.89 1.86 1.82 1.69
Household Spending (%) -0.20 0.9 -0.7 0.4 0.5 0.5


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Norway Unemployment Rate Tradingeconomics.com Norway Unemployment Rate Forecast - was last updated on Thursday, December 13, 2018.