Population in Norway
Norway - Population
In Q1 2022, the economy contracted in sequential terms at the sharpest rate since the outbreak of the pandemic. Restrictions put in place in January to contain the spread of the Omicron variant hurt economic activity, which then picked up slightly in February and March after their removal. The GDP growth downturn in the quarter was broad-based, with private and public spending declining, and the external sector continuing to weigh on the reading. In Q2, activity should rebound. The manufacturing PMI showed that conditions improved at the strongest pace in five months in April. Additionally, government finances will be benefitting from high oil prices, boding well for a large fiscal surplus. That said, household spending could be in a tough spot, as price pressures hit an over 13-year high in April, likely capping consumption.Norway - Population Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Population (million) | 5.2 | 5.3 | 5.3 | 5.3 | 5.4 |
Norway Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.58 | -0.65 % | Jan 01 |
| Exchange Rate | 8.78 | -0.38 % | Jan 01 |
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Economic News
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Norway: Economic growth picks up pace in Q3
November 18, 2022
The Norwegian economy gained steam in the third quarter of 2022; GDP growth accelerated to 1.5% in seasonally adjusted quarter-on-quarter terms.
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Norway: Inflation increases to 35-year high in October
November 10, 2022
Inflation continued its upward trend in October, coming in at 7.5%, up from September’s 6.9%.
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Norway: Industrial activity falls at sharpest rate since November 2021 in September
November 7, 2022
Industrial output declined 2.4% in month-on-month seasonally-adjusted terms in September, which contrasted August's 3.1% increase.
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Norway: Norges Bank slows the pace of tightening in November
November 2, 2022
At its 2 November meeting, the Executive Board of Norges Bank unanimously voted to deliver a 25 basis point increase and bring the sight deposit rate to 2.50%–its highest level since February 2009.
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Norway: Inflation comes in at an over 34-year high in September
October 10, 2022
Inflation resumed its upward trend in September and came in at 6.9%, up from August’s 6.5%.
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