Fiscal Balance in Norway
Norway - Fiscal BalanceThe economy performed well in 2018. Although total economic growth decelerated from 2017 due to softening domestic demand and a contraction in exports of goods and services, mainland economic growth—which excludes hydrocarbon extraction activity and related transport—accelerated to a four-year high. In addition, the unemployment rate fell to a four-year low in 2018 and the government’s fiscal standing is expected to have improved thanks to both the expanding economy and the substantial increase in average oil prices compared to 2017. Meanwhile, in the political arena, the government approved the construction of a new mine in Norway’s northern municipality of Kvalsund on 14 February despite years of opposition from the indigenous Sami population. Given the mine contains the country’s largest reserve of copper ore, its operation should eventually boost industrial production.
Norway - Fiscal Balance Data
|Fiscal Balance (% of GDP)||10.8||8.7||6.1||4.0||4.4|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||1.60||-0.65 %||Mar 11|
|Exchange Rate||8.66||-0.38 %||Mar 11|
|Stock Market||864||-0.08 %||Mar 11|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
March 11, 2019
Consumer prices rose 0.8% in February compared to the previous month, contrasting the 0.5% fall in January.
March 8, 2019
According to monthly GDP data released by Statistics Norway, total economic output increased 0.2% in January compared to the previous month in seasonally-adjusted terms, contrasting December’s flat growth reading.
March 7, 2019
According to Statistics Norway, industrial production fell a seasonally-adjusted 2.2% in January compared to the previous month, representing a deterioration from the 1.0% fall in December.
February 11, 2019
Consumer prices fell 0.5% in January compared to the previous month, contrasting the steady reading in December.
February 8, 2019
The economy grew a seasonally-adjusted 0.5% in the fourth quarter, down from 0.6% in the third quarter and hampered by the large fall in oil prices observed in the period.