The Economy Page
Updated Monthly
Scroll down for Denmark, Sweden and Finland Key Indicators.
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Norwegian Key Economic Indicators Overview
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Budget & Oil Fund Indicators
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Oslo Housing and Norwegian Lifestyle Indicators
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Notes:
All figures are latest available.
Sources:
1. Norges Bank: Key Policy Rate Annual Average
2. Statistics Norway: Consumer Price Index
3. Calculated: Key Rate – Inflation
4. The Organisation for Economic Co-operation and Development (OECD): Real GDP Forecast
5. Calculated: Real GDP Growth – Inflation
6. Statistics Norway: Norwegian Population and population change
7. Calculated: Year over year population growth as percentage
8. Calculated: GDP – Population Growth
9. Norges Bank: Exchange Rates for US Dollar
10. Energy Institute of America: Brent Europe Annual Price
11. Kitco: Historical Gold Price Charts and Data
12. Calculated: Gold in USD x USDNOK (FX Rate)
13. Statistics Norway: Labour force survey, seasonally-adjusted figures
14. Statistics Norway: Financial accounts (seasonally adjusted)
15. National Budget Website (statsbudsjettet.no): Latest revisions
16. Calculated Value: Fiscal Budget x USDNOK (Norges Bank annual average exchange rate)
17. Norges Bank Investment Management: Market Value – Projection Fund Size
18. Calculated Value: Fund Value x USDNOK (Norges Bank annual average exchange rate)
19. Calculated: Fund Value / Budget – number of years that Norway can run on zero tax collections.
20. Calculated: State Budget / Population (SSB) – Government expenditure per person
21. Calculated: NBIM Fund Value / Population (SSB) – National Savings per person
22. Calculated: Fund Value per Person (NOK) / USDNOK (Norges Bank)
23. Statistics Norway: External Trade in Goods
24. Calculated: Trade Balance x USDNOK (Norges Bank)
25. Statistics Norway: Table 06035: Freeholder. Average price per square meter – municipality 2013 – 0301 Oslo Municipality
26. Calculated: (NOK/SQM)/USD NOK
27. Calculated: USD Gold Price x USD NOK
28. Calculated: (NOK/SQM)/ Gold (NOK/OZ)
29. SSB.no Index of Retail Sales: Volume Index Seasonally Adjusted, M12 – 2010=100 (excluding cars)
30. SSB.no, Index of household consumption of goods. Last month of year or latest month in current year used. Volume index. Seasonally adjusted. 2005=100
31. Statsbudsjettet (State Budget website): Tax Revenues excluding oil revenues and Tax Expenditures excluding oil revenues
32. Calculated: Tax Revenues (excluding oil) – Tax Expenditures (excluding oil)
33. SSB.no: Rental Market Survey: Oslo and Bærum municipality – 2 rooms
34. Capitalization Rate (Assume 65 sqm): (Rent x 12) / (Flat Price x 65)
35. SSB.no: Labour market and Earnings for those with more than 4 years’ higher education (tables 11420, 08057 & 05220)
36. Derived: USD annual wage = NOK wages x USDNOK exchange rate
37. Derived: Ratio = Flat Price per sqm x 65 sqm / (12 x monthly wage)
38. Money Supply SSB.no table 10495 (M3 figure)
39. Calculated Money Supply (M3)/divided by Population = MNOK/person
40. Calculated: Fund Balance/ Annual Budget Deficit
The figures below will be updated 2-3x per year:
Sweden Key Indicators
- Statistics Sweden
- Statistics Sweden – Unemployed persons and of which full-time students aged 15-74 (LFS) by sex and age. Year 2005 – 2016
- Sveriges Riksbank – Repo rate average by year
- Statistics Sweden
- Calculated Repo Rate – Inflation Rate
- World Bank 2002-2015. OECD GDP Growth for 2016 (Real GDP Forecast)
- OECD
- Calculated: GDP Growth – Inflation
- Statistics Sweden
- Statistics Sweden
- Swedish Real Estate Statistics (Svensk Mäklarstatistik)
- Statistics Sweden
- Sveriges Riksbank
- Kitco/Latest Year is YTD Average
- Calculated: Exchange Rate x Gold Price
Denmark Key Indicators
- Statistics Denmark – Population
- Statistics Denmark -Unemployment
- Denmark’s National Bank – Discount Rate end-year
- Statistics Denmark – Historic CPI Dec Year over Year
- Calculated: Key Rate – Average Annual Inflation Rate
- World Bank 2002-2015. OECD GDP Growth for 2016 (Real GDP Forecast)
- OECD
- Calculated: GDP Growth – Inflation
- Statistics Denmark – Housing Price Index – Owner-occupied flats, total – Price index for sales of property (2006=100)
- Statistics Denmark – Indices of average earnings in Corporations and Organizations – (1.kvartal 2005 =100) by industry, time and seasonal adjustment
- Realkreditrådet – Association of Danish Mortgage Banks – BM010: Property prices in housing market by area, property category and prices of completed transactions
- Statistics Denmark – PRIS114: NET PRICE INDEX (2015=100) BY COMMODITY GROUP AND UNIT – 04.1 Actual rentals for housing
- Denmark’s National Bank
- Kitco/Latest Year is YTD Average
- Calculated Gold Price USD x USDDKK
Finland Key Indicators
- Eurostat
- Eurostat
- ECB – Fixed Rate Tenders or Variable rate tenders or Minimum Bid Rate prior to 2008
- Eurostat: Inflation
- Calculated: Key Rate – Inflation
- World Bank 2002-2015. OECD GDP Growth for 2016 (Real GDP Forecast)
- OECD
- Calculated: GDP Growth – Inflation
- Statistics Finland: Single-family houses index 2005=100 (Nominal Price Index) – Single Family Home
- Statistics Finland – Wages, Salaries and Labor Costs
- Statistics Finland – Real Estate Prices
- Statistics Finland – Rental indices
- Statistics Finland: Indexed rent on 2 room flat in greater Helsinki. (Index and Price per sqm)
- European Central Bank
- European Central Bank
- Kitco/Latest Year is YTD Average
- Calculated: Gold Price in USD x USDEUR
Complete MS Excel files available for $50 per document or $300 annually (updated monthly)
Contact info <at> lettersfromnorway.com