National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Norway
NORCINSADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108,284,000,000.00
Year-over-Year Change
-4.15%
Date Range
1/1/1978 - 1/1/2022
Summary
This economic trend measures changes in inventories and net acquisition of valuables for Norway's gross domestic product by expenditure at current prices. It provides insights into a key component of Norway's national accounts and economic activity.
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 'Changes in Inventories and Net Acquisition of Valuables' metric tracks the changes in business inventory levels and the value of newly acquired precious metals, antiques, and other valuables within Norway's GDP by expenditure calculation. This indicator offers economists and policymakers visibility into the role of inventory investment as part of overall domestic demand.
Methodology
The data is collected and calculated by Norway's national statistical agency.
Historical Context
This trend is utilized by economists, market analysts, and government agencies to assess the state of Norway's economy and inform economic policy decisions.
Key Facts
- Norway's GDP by expenditure includes changes in inventories and net acquisition of valuables.
- Inventory investment is an important indicator of economic activity and business confidence.
- Fluctuations in this metric can signal shifts in near-term economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in inventories and net acquisition of valuables, which are components of Norway's gross domestic product by expenditure calculation at current prices.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into inventory investment, a key factor driving domestic demand and overall economic activity in Norway. It is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Norway's national statistical agency.
Q: How is this trend used in economic policy?
A: Fluctuations in this metric are analyzed by economists and government agencies to assess the state of Norway's economy and inform policy decisions, such as monetary and fiscal measures.
Q: Are there update delays or limitations?
A: The data is published with a lag by Norway's statistical agency, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Norway (NORCINSADSMEI), retrieved from FRED.