Money & Finance

Money and Finance

Decline in exports from Norway

In May, exports of goods from Norway came to NOK 67.3 billion; a decline of 5.5 per cent compared to May 2014. This was due to lower oil prices and a drop in exports of petroleum products.

Monthly earnings up 3.2 per cent

Average monthly earnings for all Norwegian employees, excluding overtime pay, were NOK 42 300 per 3rd quarter 2014. This was a year-on-year increase of NOK 1 300 or 3.2 per cent.

The IMF satisfied with the Norwegian economy

In its annual asessment, the International Monetary Fund concludes that the Government's economic program is well adapted to the subdued growth in the Norwegian economy. (Photo: Finance Minister Siv Jensen)

Key Policy Rate unchanged

The Executive Board of the Norwegian Central Bank (Norges Bank)has decided to keep the key policy rate unchanged at 1.25 percent.

The revised fiscal budget for 2015

Presenting the revised fiscal budget for 2015, Finance Minister Siv Jensen said that the sharp oil price decline since last year is dampening growth in the Norwegian economy. Growth in the mainland (or non-oil) economy is set to be moderate in 2015, and some competitive businesses must adapt to lower demand from the Norwegian petroleum sector.

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  • 23 Mar 2017 -1°C -13°C
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