Converter Norwegian Krone (exchange rate NOK)

Norwegian Krone

• iso 4217: NOK
• Bouvet Island| Norway| Svalbard And Jan Mayen (Africa)

Norway Business Confidence

In Norway, business confidence improved to 9.1 in the first quarter of 2012 from 6.4 in the fourth quarter of 2011. In Norway, Industrial confidence indicator (ICI) Business tendency survey is the arithmetic average of the responses (balances) to the questions on production expectations, total stock of orders and inventories of own products. The indicator is a guide to the level of industrial production since: an expected rise in the level of output gives signals of increased production in the forthcoming quarter; an increase in the total stock of orders indicates a higher level of production due to the future fulfillment of these orders; an increase in the inventories of own products indicates slow sales and reduced activity.This page includes a chart with historical data for Norway's Business Confidence.

source: Statistics Norway

Norway Consumer Confidence

In Norway, consumer confidence improved to 15.5 in the first quarter of 2012 from 18.6 in the fourth quarter of 2011. In Norway, the Finance Norway and TNS Gallup consumer confidence survey measures the level of optimism that consumers have about the performance of the economy. Generally consumer confidence is high when the unemployment rate is low and GDP growth is high. Measures of average consumer confidence can be useful indicators of how much consumers are likely to spend. This page includes: Norway Consumer Confidence chart, historical data and news.

source: Finance Norway (FNO) & TNS Gallup

Norway Balance of Trade

Norway reported a trade surplus equivalent to 38.4 Billion NOK in April of 2012. Foreign trade amounts to approximately 37 per cent of Norway’s GDP. Norway exports seafood, crude oil, light metals, ship equipment and maritime services. The country imports mainly machinery and equipment, chemicals, metals, and foodstuffs. European Union is by far its largest trading partner (U.K. Germany), accounting for about 81% of exports and 69% of imports. This page includes: Norway Balance of Trade chart, historical data and news.

source: Statistics Norway

Norway Imports

Norway imports were worth 37.4 Billion NOK in April of 2012. Norway imports mainly machinery and equipment, chemicals, metals, and foodstuffs. Its major import partners are: European Union members (Sweden, Germany, UK, Denmark), China and Canada. This page includes: Norway Imports chart, historical data and news.

source: Statistics Norway

Norway Exports

Norway exports were worth 75.8 Billion NOK in April of 2012. Foreign trade amounts to approximately 37 per cent of Norway’s GDP. Norway is currently among the world’s top five exporters in the seafood, crude oil and shipping services sectors, and has significant market shares in the light metals and ship equipment sectors, as well as in a number of maritime services such as classification, consulting and marine insurance. Leading export markets are United Kingdom and Germany. This page includes: Norway Exports chart, historical data and news.

source: Statistics Norway

Norway Interest Rate

The benchmark interest rate in Norway was last reported at 1.5 percent. In Norway, interest rates decisions are taken by Central Bank of Norway (Norges Bank). The official interest rate is the key policy rate. From 1991 until 2010, Norway's average interest rate was 5.03 percent reaching an historical high of 11.00 percent in September of 1992 and a record low of 1.25 percent in June of 2009. This page includes: Norway Interest Rate chart, historical data and news.

source: Norges Bank

Norway Inflation Rate

The inflation rate in Norway was last reported at 0.3 percent in April of 2012. From 1980 until 2010, the average inflation rate in Norway was 4.26 percent reaching an historical high of 15.10 percent in January of 1981 and a record low of -1.80 percent in January of 2004. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes: Norway Inflation Rate chart, historical data and news.

source: Statistics Norway

Norway Industrial Production

Industrial Production in Norway increased 2.4 percent in March of 2012. Industrial production measures changes in output for the industrial sector of the economy which includes manufacturing, mining, and utilities. Industrial Production is an important indicator for economic forecasting and is often used to measure inflation pressures as high levels of industrial production can lead to sudden changes in prices. From 1991 until 2010, Norway's industrial production averaged 2.58 percent reaching an historical high of 46.90 percent in August of 1992 and a record low of -18.10 percent in August of 1998. This page includes: Norway Industrial Production chart, historical data and news.

source: Statistics Norway

Norway Unemployment Rate

The unemployment rate in Norway was last reported at 3.2 percent in March of 2012. From 1989 until 2010, Norway's Unemployment Rate averaged 4.33 percent reaching an historical high of 6.90 percent in December of 1991 and a record low of 2.40 percent in July of 2007. The labour force is defined as the number of people employed plus the number unemployed but seeking work. The nonlabour force includes those who are not looking for work, those who are institutionalised and those serving in the military. This page includes: Norway Unemployment Rate chart, historical data and news.

source: Statistics Norway

Norway Retail Sales

Retail Sales in Norway increased 1 percent in February of 2012 over the previous month. From 2000 until 2011, Norway's average Retail Sales was 0.26 percent reaching an historical high of 3.20 percent in May of 2000 and a record low of -5.50 percent in June of 2000. This page includes a chart with historical data for Norway's Retail Sales.

source: Eurostat

Norway GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Norway expanded 1.5 percent in the fourth quarter of 2011 over the same quarter, previous year. Unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. Historically, from 1979 until 2011, Norway's average annual GDP Growth was 2.43 percent reaching an historical high of 7.76 percent in March of 1994 and a record low of -2.20 percent in June of 2009. This page includes: Norway GDP Annual Growth Rate chart, historical data, forecasts and news. Data is also available for Norway GDP Quarterly Growth Rate, which measures growth over the previous quarter.

source: Statistics Norway

Norway Current Account

Norway reported a current account surplus equivalent to 113 Billions NOK in the fourth quarter of 2011. Foreign trade amounts to approximately 37 per cent of Norway’s GDP. Norway exports seafood, crude oil, light metals, ship equipment and maritime services. The country imports mainly machinery and equipment, chemicals, metals, and foodstuffs. European Union is by far its largest trading partner (U.K. Germany), accounting for about 81% of exports and 69% of imports. This page includes: Norway Current Account chart, historical data and news.

source: Statistics Norway

Norway Annual Retail Sales

Retail Sales in Norway increased 7 percent in February of 2012 over the previous year. From 2001 until 2011, Norway's average Retail Sales was 3.17 percent reaching an historical high of 8.40 percent in March of 2007 and a record low of -2.30 percent in May of 2001. This page includes a chart with historical data for Norway's Retail Sales.

source: Eurostat

Norway GDP Growth Rate

The Gross Domestic Product (GDP) in Norway expanded 0.6 percent in the fourth quarter of 2011 over the previous quarter. Historically, from 1978 until 2011, Norway's average quarterly GDP Growth was 0.61 percent reaching an historical high of 4.83 percent in September of 1979 and a record low of -3.08 percent in September of 1987. The Norwegian economy features a combination of free market activity and government intervention. The government controls key areas, such as the vital petroleum sector, through large-scale state enterprises. The country is richly endowed with natural resources - petroleum, hydropower, fish, forests, and minerals - and is highly dependent on the petroleum sector, which accounts for nearly half of exports and over 30% of state revenue. This page includes: Norway GDP Growth Rate chart, historical data, forecasts and news. Data is also available for Norway GDP Annual Growth Rate, which measures growth over a full economic year.

source: Statistics Norway

Norway GDP per capita

The GDP per capita in Norway was last reported at 40128 US dollars in December of 2010, according to the World Bank. Previously, the GDP per capita in Norway standed at 40457 US dollars in December of 2009. The GDP per capita in Norway is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. Historically, from 1960 until 2010, Norway's average GDP Per Capita was 25778.81 dollars reaching an historical high of 41900.79 dollars in December of 2007 and a record low of 10696.69 dollars in December of 1960. This page includes a chart with historical data for Norway's GDP Per Capita.

source: World Bank

Norway GDP per capita PPP

The GDP per capita, adjusted by purchasing power parity, in Norway was last reported at 56692 US dollars in December of 2010, according to the World Bank. Previously, the GDP per capita PPP in Norway standed at 54549 US dollars in December of 2009. The GDP per capita PPP in Norway is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. Historically, from 1980 until 2010, Norway's average GDP per capita PPP was 28650.91 dollars reaching an historical high of 60489.84 dollars in December of 2008 and a record low of 9555.08 dollars in December of 1980. This page includes a chart with historical data for Norway's GDP per capita PPP.

source: World Bank

Norway Population

The total population in Norway was last reported at 4.9 million people in 2010 from 3.6 million in 1960, changing 38 percent during the last 50 years. Norway has 0.07 percent of the world´s total population which means that one person in every 1397 people on the planet is a resident of Norway. This page includes a chart with historical data for Norway's Total Population.

source: World Bank

Norway Government Debt To GDP

The Government Debt in Norway was last reported at 44.7 percent of the country´s GDP. From 1980 until 2010, Norway's average Government Debt to GDP was 40.36 percent reaching an historical high of 55.40 percent in December of 2006 and a record low of 28.90 percent in December of 1990. Generally, Government debt as a percent of GDP is used by investors to measure Norway's ability to make future payments on its debt, thus affecting Norway's borrowing costs and government bond yields. This page includes a chart with historical data for Norway's General Government Gross Debt as a percent of GDP.

source: Eurostat

Norway Government Budget

Norway reported a government budget surplus equivalent to 10.6 percent of the Gross Domestic Product (GDP) in 2010. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes: Norway Government Budget chart, historical data and news.

source: Eurostat

Norway GDP

Norway Gross Domestic Product is worth 414 billion dollars or 0.67% of the world economy, according to the World Bank. Historically, from 1960 until 2010, Norway's average Gross Domestic Product was 113.54 billion dollars reaching an historical high of 446.24 billion dollars in December of 2008 and a record low of 5.16 billion dollars in December of 1960. The Norwegian economy features a combination of free market activity and government intervention. The government controls key areas, such as the vital petroleum sector, through large-scale state enterprises. The country is richly endowed with natural resources - petroleum, hydropower, fish, forests, and minerals - and is highly dependent on the petroleum sector, which accounts for nearly half of exports and over 30% of state revenue. This page includes: Norway Gross Domestic Product (GDP) chart, historical data, forecasts and news.

source: The World Bank Group

datas from tradingeconomics.com

21 May 2012 ► Converter Norwegian Krone ► Free online currency conversion based on exchange rates. Currency converter