Household spending in Norway fell by 1.6 percent from a year earlier in November of 2022, following a 5.1 percent decline in October. source: Statistics Norway

Household Spending in Norway averaged 2.81 percent from 2000 until 2022, reaching an all time high of 20.50 percent in March of 2021 and a record low of -13.50 percent in July of 2022. This page provides - Norway Household Consumption- actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Household Consumption YoY - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

Household Spending in Norway is expected to be -6.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Household Consumption YoY is projected to trend around -1.20 percent in 2023 and 2.50 percent in 2024, according to our econometric models.

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Norway Household Consumption YoY

Related Last Previous Unit Reference
Retail Sales MoM -3.60 0.80 percent Dec 2022
Retail Sales YoY -7.70 -3.60 percent Dec 2022
Consumer Spending 422949.00 421020.00 NOK Million Sep 2022
Disposable Personal Income 350060.00 367073.00 NOK Million Sep 2022
Personal Savings 8.20 11.60 percent Jun 2022
Household Spending -1.60 -5.10 percent Nov 2022
Gasoline Prices 2.14 2.20 USD/Liter Nov 2022

Norway Household Consumption YoY
In Norway, the index of household consumption of goods measures the development in household consumption of goods (durable and non-durable). The statistics are calculated as an index and are based on the index of retail sales, first-time registered motor vehicles, sales of alcoholic and non-alcoholic beverages and electricity, petrol and fuel statistics. The index does not cover household consumption of goods abroad.
Actual Previous Highest Lowest Dates Unit Frequency
-1.60 -5.10 20.50 -13.50 2000 - 2022 percent Monthly