Fourth quarter GDP will slow because of a second wave of COVID-19. Scandinavia remains exposed through the export channel. Recoveries will take root when the virus abates. The Scandinavian countries took different approaches in response to the global COVID-19 outbreak. Unlike Norway and Denmark, Sweden did not shut down its economy: Factories weren’t shuttered, people could eat in restaurants or drink in pubs, and even nonessential retail...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Private Consumption | 2020 Q3 | 358,920 | 326,873 | Mil. NOK, CDASA | Quarterly |
Nominal Gross Domestic Product | 2020 Q3 | 847,608 | 797,397 | Mil. NOK, CDASA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2020 Q3 | 222,349 | 226,154 | Mil. NOK, CDASA | Quarterly |
Government Consumption | 2020 Q3 | 378,444 | 345,289 | Mil. NOK, CDASA | Quarterly |
Investment | 2020 Q3 | 253,715 | 236,062 | Mil. NOK, CDASA | Quarterly |
Real Private Consumption | 2019 Q1 | 353,132 | 351,069 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Real Gross Domestic Product | 2019 Q1 | 815,323 | 815,921 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2019 Q1 | 211,997 | 214,657 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Real Investment | 2019 Q1 | 243,583 | 247,403 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Real Government Consumption | 2019 Q1 | 199,131 | 197,152 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Dec 2020 | 113 | 112.1 | Index 2015=100, SA | Monthly |
Producer Price Index (PPI) | Dec 2020 | 104.15 | 104.44 | 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 | Oct 2020 | 5.2 | 5.2 | % of Labor Force 3-mo. MAVG, SA | Monthly |
Unemployment | Oct 2020 | 149 | 147 | Ths. 3-mo. MAVG, SA | Monthly |
Labor Force Employment | Oct 2020 | 2,707 | 2,705 | Ths. 3-mo. MAVG, SA | Monthly |
Labor Force | Oct 2020 | 2,856 | 2,852 | Ths. 3-mo. MAVG, SA | Monthly |
Agriculture Employment | 2017 | 57,611 | 57,869 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Balance of Goods | Dec 2020 | 12,111,197 | 194,233 | Ths. NOK, NSA | Monthly |
Exports of Goods | Dec 2020 | 76,039,035 | 71,333,546 | Ths. NOK, NSA | Monthly |
Imports of Goods | Dec 2020 | 63,927,838 | 71,139,313 | Ths. NOK, NSA | Monthly |
Net Exports | 2020 Q3 | -12,046 | -11,484 | Mil. NOK, CDASA | Quarterly |
Exports of Goods and Services | 2020 Q3 | 268,661 | 246,939 | Mil. NOK, CDASA | Quarterly |
Imports of Goods and Services | 2020 Q3 | 280,707 | 258,423 | Mil. NOK, CDASA | Quarterly |
Current Account Balance | 2020 Q3 | 9,906 | 2,883 | Mil. NOK, NSA | Quarterly |
Real Exports of Goods and Services | 2019 Q1 | 278,747 | 272,745 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Real Imports of Goods and Services | 2019 Q1 | 279,971 | 273,356 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Real Net Exports | 2019 Q1 | -1,224 | -611 | Mil. Ch. 2016 NOK, CDASA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Government Revenues | 2020 Q3 | 302,533 | 297,964 | Mil. NOK, NSA | Quarterly |
Government Expenditures | 2020 Q3 | 360,854 | 412,222 | Mil. NOK, NSA | Quarterly |
Government Budget Balance | 2020 Q3 | -58,321 | -114,258 | Mil. NOK, NSA | Quarterly |
Outstanding Public Debt | 2020 Q3 | 743,263 | 634,724 | Mil. NOK, NSA | Quarterly |
Gross External Debt | 2020 Q2 | 0 | 0 | USD, NSA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Lending Rate | 21 Jan 2021 | 0 | 0 | % p.a., NSA | Business Daily |
Stock Market Index | 21 Jan 2021 | 1,088 | 1,092 | Index, NSA | Daily |
Average Long-term Government Bond | 21 Jan 2021 | 1.04 | 1.02 | %, NSA | Business Daily |
Money Market Rate | Dec 2016 | 1.16 | 1.1 | % | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
Dwelling Stocks | 2020 | 1,564,662 | 1,555,744 | # | Annual |
House Price Index | 2020 Q3 | 123.1 | 121.4 | Index 2015=100, NSA | Quarterly |
Building Permits | 2020 Q3 | 6,385 | 8,186 | #, NSA | Quarterly |
Housing Starts | 2020 Q3 | 7,170 | 7,431 | #, NSA | Quarterly |
Building Completions | 2020 Q3 | 7,550 | 6,584 | #, NSA | Quarterly |
Non-residential Building Permits | 2020 Q3 | 48 | 204 | #, NSA | Quarterly |
Non-residential Housing Starts | 2020 Q3 | 61 | 321 | #, NSA | Quarterly |
Non-residential Building Completions | 2020 Q3 | 269 | 256 | #, NSA | Quarterly |
Residential Building Completions | Dec 2019 | 2,536 | 2,616 | #, NSA | Monthly |
Residential Housing Starts | Dec 2019 | 1,643 | 2,696 | #, NSA | Monthly |
Consumer | Reference | Last | Previous | Units | Frequency |
Retail Sales | Nov 2020 | 132.4 | 125.5 | Index 2015=100, NSA | Monthly |
Personal Income | 2018 | 2,020,832 | 1,943,039 | Mil. NOK, NSA | Annual |
Business | Reference | Last | Previous | Units | Frequency |
Business Confidence | 2020 Q4 | 2.9 | 2.1 | Balance of opinion, SA | Quarterly |
Capacity Utilization | 2020 Q4 | 77.8 | 77.5 | % WA, SA | Quarterly |
Industrial Production | Nov 2020 | 85.3 | 83.8 | Index 2005=100, SA | Monthly |
Change in Inventories | 2020 Q3 | 31,324 | 9,894 | 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 |
Population | 2020 | 5,421,242 | 5,378,859 | # | Annual |
Deaths | 2019 Q4 | 10,413 | 9,694 | #, NSA | Quarterly |
Births | 2019 Q4 | 12,149 | 14,694 | #, NSA | Quarterly |
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 |