Norway GDP 3Q2013

by Eduardo Petazze
In the 3rd quarter of 2013 the Norwegian GDP expanded by 2.09% Y/Y (+0.71% Q/Q),
driven by the oil industry to register a growth of 3.56% Y/Y (+1.75% Q/Q).
By 2013, an estimated GDP growth of between 0.82% / 0.88% from 2012,
to the Norwegian mainland (excluding petroleum and overseas activities) GDP growth is estimated at between 1.87% / 1.93% from 2012.

Link: Quarterly national accounts, Q3 2013

The following tables, in constant currency, original and seasonally adjusted data, including our estimate for 4Q2013.

Norway GDP Not Seasonally adjusted

At constant 2010-prices. NOK million
Final consumption expenditure of households and NPISHs
Final consumption expenditure of general government
Gross fixed capital formation
Changes in stocks and statistical discrepancies
Total exports
Total imports
Gross domestic product market values
At constant 2010-prices. NOK million
Gross domestic product market values
Total industry (GVA)
Agriculture and forestry
Fishing and aquaculture
Mining and quarrying
Oil and gas extraction including services
Manufacturing
Electricity gas and steam
Water supply sewerage waste
Construction
Wholesale and retail trade repair of motor vehicles
Transport via pipelines
Ocean transport
Transport acitivities excl. ocean transport
Postal and courier activities
Accomation and food service activities
Information and communcation
Financial and insurance activities
Real estate activities
Imputed rents of owner-occupied dwellings
Professional scientific and and technical activities
Administrative and support service activities
Public administration and defence
Education
Health and social work
Arts entertainment and other service activities
Taxes and subsidies products
Mainland Norway GVA
Mainland Norway GDP at market prices

2012
1,163,688
602,683
583,849
110,659
1,165,804
796,233
2,830,450
2012
2,830,450
2,527,191
15,624
21,055
5,269
636,492
185,369
62,624
14,932
144,654
193,760
17,119
30,694
69,337
10,728
32,298
92,076
101,130
69,350
108,277
105,093
71,605
136,588
110,234
245,988
46,899
303,259
1,842,887
2,146,145

2013
2012 Y/Y 2013 Y/Y
1,190,822
2.97%
2.33%
614,797
1.79%
2.01%
624,526
8.26%
6.97%
106,413 -3.04% -3.84%
1,132,085
1.06% -2.89%
815,050
2.28%
2.36%
2,853,593
2.90%
0.82%
2013
2012 Y/Y 2013 Y/Y
2,853,593
2.90%
0.82%
2,544,624
2.91%
0.69%
15,000
1.17% -3.99%
19,312
6.37% -8.28%
5,508
4.01%
4.53%
619,180
0.89% -2.72%
193,519
2.69%
4.40%
58,439 12.83% -6.68%
14,284
2.91% -4.34%
153,847
7.29%
6.36%
196,508
1.96%
1.42%
16,549 10.17% -3.33%
31,667
5.27%
3.17%
70,767
2.14%
2.06%
10,111 -3.29% -5.75%
33,326
3.13%
3.18%
91,600
3.02% -0.52%
100,312
3.22% -0.81%
67,487
0.81% -2.69%
111,280
1.86%
2.77%
109,784
7.35%
4.46%
75,020
9.36%
4.77%
139,752
1.97%
2.32%
112,207
1.32%
1.79%
250,678
2.53%
1.91%
47,281
2.68%
0.81%
308,969
2.78%
1.88%
1,877,222
3.52%
1.86%
2,186,191
3.42%
1.87%

2013Q1
284,146
152,575
142,053
24,440
282,077
189,684
695,607
2013Q1
695,607
622,081
3,585
5,603
1,221
153,872
46,605
17,298
3,258
36,824
46,208
4,368
7,640
16,041
2,587
7,201
22,696
24,301
16,880
27,782
25,059
16,558
34,463
28,229
62,119
11,680
73,526
456,200
529,727

2013Q2
295,876
152,975
157,415
26,958
282,300
205,029
710,494
2013Q2
710,494
632,981
238
4,382
1,570
151,529
49,065
12,765
3,612
39,110
50,451
3,980
8,705
17,697
2,497
8,477
23,133
25,005
17,099
27,828
29,257
19,421
34,901
27,922
62,460
11,878
77,513
468,767
546,280

2013Q3 2013Q4
301,320 309,480
154,461 154,786
155,581 169,477
25,865
29,150
272,677 295,031
212,225 208,112
697,678 749,814
2013Q3 2013Q4
697,678 749,814
620,660 668,902
7,908
3,269
4,315
5,012
1,265
1,452
147,611 166,168
46,269
51,580
12,542
15,834
3,590
3,824
36,382
41,531
47,594
52,255
3,634
4,567
7,786
7,536
18,254
18,775
2,310
2,717
9,217
8,431
20,843
24,928
24,991
26,015
16,792
16,716
27,768
27,902
24,389
31,079
19,780
19,261
35,142
35,246
27,830
28,226
62,831
63,268
11,619
12,104
77,018
80,912
461,630 490,625
538,648 571,536

Y/Y Q1
Y/Y Q2 Y/Y Q3
1.93%
2.83%
2.17%
2.55%
2.12%
1.55%
6.12% 10.30%
6.52%
-37.68%
7.80% 16.51%
-7.33%
-3.37% -0.02%
0.79%
1.98%
3.72%
-2.96%
2.03%
2.09%
Y/Y Q1
Y/Y Q2 Y/Y Q3
-2.96%
2.03%
2.09%
-3.49%
1.94%
2.20%
-0.22% 934.78%
1.72%
-5.40%
-2.88% -11.79%
-11.07% 17.78%
8.21%
-11.63%
-4.22%
3.56%
-3.23%
9.67%
5.14%
-4.92%
-9.17% -6.93%
-4.40%
-5.10% -4.29%
0.02%
8.47%
8.29%
-0.78%
4.75%
1.13%
-10.44%
-2.04%
0.06%
2.45%
7.51% -1.47%
-1.04%
3.77%
2.54%
-8.81%
-5.09% -6.06%
2.42%
3.54%
2.89%
-3.97%
3.43% -0.60%
-5.37%
-0.39%
1.97%
-2.11%
-3.04% -3.34%
2.57%
2.78%
2.81%
2.63% 11.33%
2.11%
3.95% 12.16%
1.21%
0.49%
2.08%
3.26%
2.33%
2.49%
1.38%
2.68%
2.19%
1.32%
0.18%
1.80%
0.96%
1.84%
2.76%
1.24%
-0.42%
4.04%
1.85%
-0.12%
3.86%
1.76%

Y/Y Q4
2.38%
1.83%
5.12%
20.26%
-0.51%
2.83%
2.17%
Y/Y Q4
2.17%
2.22%
-22.79%
-12.50%
4.13%
2.81%
6.44%
-6.32%
-3.61%
8.77%
0.56%
0.43%
4.12%
2.76%
-3.01%
3.81%
-0.71%
0.69%
-2.24%
2.93%
1.86%
2.36%
3.46%
0.97%
1.47%
0.34%
1.70%
2.01%
1.97%

Norway GDP - Seasonally adjusted

At constant 2010-prices. NOK million
Final consumption expenditure of households and NPISHs
Final consumption expenditure of general governmen
Gross fixed capital formation
Changes in stocks and statistical discrepancies
Total exports
Total imports
Gross domestic product market values
At constant 2010-prices. NOK million
Gross domestic product market values
Total industry (GVA)
Agriculture and forestry
Fishing and aquaculture
Mining and quarrying
Oil and gas extraction including services
Manufacturing
Electricity gas and steam
Water supply sewerage waste
Construction
Wholesale and retail trade repair of motor vehicles
Transport via pipelines
Ocean transport
Transport acitivities excl. ocean transport
Postal and courier activities
Accomation and food service activities
Information and communcation
Financial and insurance activities
Real estate activities
Imputed rents of owner-occupied dwellings
Professional scientific and and technical activities
Administrative and support service activities
Public administration and defence
Education
Health and social work
Arts entertainment and other service activities
Taxes and subsidies products
Mainland Norway GVA
Mainland Norway GDP at market prices

2012
1,166,051
602,660
583,681
106,538
1,165,939
796,115
2,828,753
2012
2,828,753
2,524,985
15,638
20,946
5,272
636,060
184,980
62,794
14,929
144,674
193,162
17,111
30,732
69,365
10,646
32,337
91,522
100,899
69,390
108,194
105,099
71,541
136,588
110,236
245,988
46,878
303,768
1,841,079
2,144,849

2013
2012 Y/Y 2013 Y/Y 2013Q1 2013Q2 2013Q3 2013Q4 Q/Q Q1
Q/Q Q2 Q/Q Q3 Q/Q Q4
1,190,822
3.02%
2.12% 297,080 297,758 297,941 298,043
1.02%
0.23%
0.06%
0.03%
614,797
1.78%
2.01% 152,608 153,341 154,114 154,734
0.43%
0.48%
0.50%
0.40%
624,526
8.26%
7.00% 149,915 157,092 156,381 161,138
-1.75%
4.79% -0.45%
3.04%
106,413 -6.95% -0.12%
24,421
19,739
29,461
32,792
-0.09%
-19.17% 49.25% 11.31%
1,132,085
1.08% -2.90% 280,878 283,657 284,052 283,498
-1.37%
0.99%
0.14%
-0.20%
815,050
2.17%
2.38% 201,590 199,765 205,052 208,643
-0.04%
-0.91%
2.65%
1.75%
2,853,593
2.79%
0.88% 703,312 711,823 716,898 721,560
-0.41%
1.21%
0.71%
0.65%
2013
2012 Y/Y 2013 Y/Y 2013Q1 2013Q2 2013Q3 2013Q4 Q/Q Q1
Q/Q Q2 Q/Q Q3 Q/Q Q4
2,853,593
2.79%
0.88% 703,312 711,823 716,898 721,560
-0.41%
1.21%
0.71%
0.65%
2,544,624
2.79%
0.78% 626,163 635,028 639,506 643,927
-0.51%
1.42%
0.71%
0.69%
15,000
1.20% -4.08%
3,913
3,992
4,106
2,989
-0.94%
2.02%
2.86% -27.20%
19,312
5.56% -7.80%
5,089
5,012
4,618
4,593
-2.57%
-1.51% -7.86% -0.54%
5,508
3.94%
4.47%
1,330
1,412
1,349
1,417
-2.56%
6.17% -4.46%
5.01%
619,180
0.89% -2.65% 148,619 154,831 157,548 158,182
-3.67%
4.18%
1.75%
0.40%
193,519
2.26%
4.62%
46,839
48,151
48,881
49,648
0.80%
2.80%
1.52%
1.57%
58,439 12.67% -6.94%
15,005
14,792
14,462
14,180
-0.86%
-1.42% -2.23% -1.95%
14,284
3.00% -4.32%
3,547
3,630
3,572
3,535
-3.35%
2.34% -1.60% -1.04%
153,847
7.30%
6.34%
37,245
38,002
39,050
39,550
2.53%
2.03%
2.76%
1.28%
196,508
1.50%
1.73%
49,250
49,165
48,788
49,305
1.24%
-0.17% -0.77%
1.06%
16,549 10.47% -3.29%
3,992
4,174
4,181
4,202
-5.45%
4.56%
0.17%
0.49%
31,667
5.28%
3.04%
7,897
8,171
7,924
7,675
7.49%
3.47% -3.02% -3.14%
70,767
2.19%
2.02%
17,415
17,536
17,795
18,021
-0.39%
0.69%
1.48%
1.27%
10,111 -3.54% -5.03%
2,564
2,504
2,542
2,501
-2.10%
-2.34%
1.52%
-1.62%
33,326
2.95%
3.06%
8,224
8,278
8,387
8,437
-0.21%
0.66%
1.32%
0.60%
91,600
2.52%
0.09%
22,920
22,883
22,770
23,027
-0.69%
-0.16% -0.49%
1.13%
100,312
3.22% -0.58%
24,986
24,854
25,115
25,357
-0.77%
-0.53%
1.05%
0.96%
67,487
0.70% -2.74%
16,941
16,910
16,914
16,722
-0.76%
-0.18%
0.02%
-1.13%
111,280
1.51%
2.85%
27,566
27,722
27,922
28,070
0.65%
0.57%
0.72%
0.53%
109,784
7.23%
4.46%
27,520
27,185
27,234
27,845
1.37%
-1.22%
0.18%
2.24%
75,020
9.27%
4.86%
18,771
18,730
18,605
18,914
2.08%
-0.22% -0.67%
1.66%
139,752
1.97%
2.32%
34,463
34,901
35,142
35,246
1.16%
1.27%
0.69%
0.30%
112,207
1.32%
1.79%
28,170
27,918
27,978
28,141
1.07%
-0.89%
0.21%
0.58%
250,678
2.53%
1.91%
62,119
62,460
62,831
63,268
-0.38%
0.55%
0.59%
0.70%
47,281
2.59%
0.86%
11,776
11,815
11,795
11,895
-0.78%
0.33% -0.17%
0.85%
308,969
2.81%
1.71%
77,149
76,795
77,392
77,633
0.48%
-0.46%
0.78%
0.31%
1,877,222
3.35%
1.96% 465,655 467,852 469,853 473,862
0.46%
0.47%
0.43%
0.85%
2,186,191
3.28%
1.93% 542,804 544,647 547,245 551,495
0.46%
0.34%
0.48%
0.78%