National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Norway
Index 2015=100, Annual
NAEXKP07NOA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.30
Year-over-Year Change
33.72%
Date Range
1/1/1978 - 1/1/2022
Summary
This economic trend measures the gross national income (GNI) per capita for Norway, adjusted for inflation and presented on an annual basis with 2015 as the base year.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The GNI per capita metric provides insight into the economic well-being and productivity of a country's population. It is a key indicator used by economists and policymakers to assess a nation's standard of living and economic development.
Methodology
The data is collected by the World Bank and calculated based on national accounts information.
Historical Context
This trend is widely referenced in international economic comparisons and development analyses.
Key Facts
- Norway's GNI per capita was $81,250 in 2021.
- This represents a 1.5% increase from the previous year.
- Norway consistently ranks among the highest in the world for GNI per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures Norway's gross national income (GNI) per capita, adjusted for inflation and presented on an annual basis with 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: GNI per capita is a key indicator of a country's economic well-being and standard of living, making this trend highly relevant for economists, policymakers, and those analyzing Norway's economic development.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank and calculated based on national accounts information.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in international economic comparisons and development analyses, informing policymakers and institutions on Norway's economic performance and position relative to other countries.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, with a slight delay in availability. There may be revisions to previous years' figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP07NOA661S), retrieved from FRED.