Markets Actual Q2/25 Q3/25 Q4/25 Q1/26
Stock Market (points) 1784.06 1753 1736 1719 1702
Currency 10.21 10.17 10.25 10.33 10.41
Government Bond 10Y (%) 4.00 4.08 4.05 4.02 3.99

Overview Actual Q2/25 Q3/25 Q4/25 Q1/26
GDP Growth Rate (%) -0.10 0.6 0.4 0.3 0.4
GDP Annual Growth Rate (%) -0.40 0.8 0.6 1.1 1.4
Unemployment Rate (%) 4.30 4.1 4.2 4.2 4.2
Inflation Rate (%) 2.50 3.2 3.4 3 2.8
Interest Rate (%) 4.50 4.25 4 3.75 3.75
Balance of Trade (NOK Million) 55873.00 58800 45000 79200 61500
Current Account (NOK Million) 211190.00 219000 205000 208000 215000
Business Confidence (points) 4.00 -6 -4 -1 2
Manufacturing PMI (points) 46.10 51.4 50.5 52 52.5
Retail Sales MoM (%) 0.70 0.4 -0.3 0.1 0.2
Consumer Confidence (points) -16.40 -6 -1 5 2
Current Account to GDP (% of GDP) 18.20 14
Government Debt to GDP (% of GDP) 55.10 40
Government Budget (% of GDP) 13.20 10

GDP Actual Q2/25 Q3/25 Q4/25 Q1/26
GDP Growth Rate (%) -0.10 0.6 0.4 0.3 0.4
GDP Annual Growth Rate (%) -0.40 0.8 0.6 1.1 1.4
GDP Constant Prices (NOK Million) 1448612.00 1497957 1471603 1465588 1468893
Gross National Product (NOK Million) 1360556.00 1392176 1357497 1375522 1379604
Gross Fixed Capital Formation (NOK Million) 248769.00 254785 260332 266873 252252
GDP from Mining (NOK Million) 1554.00 1666 1591 1663 1576
GDP from Construction (NOK Million) 57628.00 59359 58443 57876 58435
GDP from Agriculture (NOK Million) 6277.00 5887 7376 6012 6365
GDP from Utilities (NOK Million) 8214.00 8018 8137 8185 8329
GDP from Public Administration (NOK Million) 68414.00 67620 67928 68769 69372
GDP from Manufacturing (NOK Million) 73549.00 71755 73329 73380 74579
GDP (USD Billion) 485.53 490
GDP per Capita (USD) 78912.33 79623
GDP per Capita PPP (USD) 90160.16 90972
Full Year GDP Growth (%) 2.10 0.9

Labour Actual Q2/25 Q3/25 Q4/25 Q1/26
Unemployment Rate (%) 4.30 4.1 4.2 4.2 4.2
Long Term Unemployment Rate (%) 0.80 0.5 0.6 0.6 0.6
Youth Unemployment Rate (%) 13.10 12.9 13 13 13
Labour Costs (points) 131.37 148 139 137 137
Wages in Manufacturing (NOK/Month) 60830.00 61119 59095 60967 63263
Wage Growth (%) 6.42 4.8 4.5 4.2 4
Wages (NOK/Month) 60960.00 60417 59105 60936 63398
Population (Million) 5.55 5.59

Prices Actual Q2/25 Q3/25 Q4/25 Q1/26
Inflation Rate (%) 2.50 3.2 3.4 3 2.8
Consumer Price Index CPI (points) 137.00 138 138 139 140
Harmonised Consumer Prices (points) 138.40 140 140 140 141
Core Inflation Rate (%) 3.00 3.4 3.7 3.2 2.9
Core Consumer Prices (points) 133.40 135 136 135 137
GDP Deflator (points) 94.80 91.74 91.41 93.32 97.45
Producer Prices (points) 118.30 121 119 130 129
Producer Prices Change (%) 2.10 4.5 2.9 3.2 3.4
Food Inflation (%) 3.30 3 3.6 4 3.3
Core Inflation Rate MoM (%) 0.50 0.5 0.1 0.2 0.3
Inflation Rate MoM (%) 0.70 0.4 0.2 0.3 0.4
CPI Housing Utilities (points) 140.50 139 139 143 143
CPI Transportation (points) 141.60 142 142 143 143

Money Actual Q2/25 Q3/25 Q4/25 Q1/26
Interest Rate (%) 4.50 4.25 4 3.75 3.75
Interbank Rate (%) 4.50 4.25 4 3.75 3.75
Loans to Private Sector (NOK Million) 2087415.00 2088142 2081393 2071460 2107524
Deposit Interest Rate (%) 3.50 3.25 3 2.75 2.75
Loan Growth (%) 4.10 3.6 2.5 2.7 3
Lending Rate (%) 5.50 5.25 5 4.75 4.75
Private Debt to GDP (%) 278.52 280

Trade Actual Q2/25 Q3/25 Q4/25 Q1/26
Balance of Trade (NOK Million) 55873.00 58800 45000 79200 61500
Current Account (NOK Million) 211190.00 219000 205000 208000 215000
Imports (NOK Million) 90308.00 84200 87000 86200 82500
Exports (NOK Million) 146181.00 143000 132000 165400 144000
Crude Oil Production (BBL/D/1K) 1773.00 1870 1880 1875 1890
Current Account to GDP (% of GDP) 18.20 14

Business Actual Q2/25 Q3/25 Q4/25 Q1/26
Business Confidence (points) 4.00 -6 -4 -1 2
Manufacturing PMI (points) 46.10 51.4 50.5 52 52.5
Manufacturing Production MoM (%) 0.00 -0.5 0.6 0.4 0.6
Leading Economic Index (%) -0.20 -0.4 0.5 0.4 0.3

Consumer Actual Q2/25 Q3/25 Q4/25 Q1/26
Retail Sales MoM (%) 0.70 0.4 -0.3 0.1 0.2
Consumer Confidence (points) -16.40 -6 -1 5 2
Retail Sales YoY (%) 4.20 1.4 0.9 1.2 1.5
Consumer Spending (NOK Million) 474484.00 472040 471628 472690 481127
Disposable Personal Income (NOK Million) 357335.00 355473 357653 361266 362338
Consumer Credit (NOK Million) 4500234.00 4398623 4440122 4498885 4545053
Gasoline Prices (USD/Liter) 1.90 1.89 1.91 1.93 1.95
Household Spending (%) 5.50 4.5 2.5 3.2 2.8

Housing Actual Q2/25 Q3/25 Q4/25 Q1/26
Housing Index (points) 357.46 362 355 349 373
House Price Index YoY (%) 5.90 6.4 4.5 4 4.3
House Price Index MoM (%) -0.20 0.2 0.4 0.3 0.5

Government Actual Q2/25 Q3/25 Q4/25 Q1/26
Government Debt to GDP (% of GDP) 55.10 40
Government Budget (% of GDP) 13.20 10
Government Spending to GDP (% of GDP) 49.30 46