Advertize
Banner

All Norwegians are millionaires

All Norwegians are now millionaires, or so the statistics tell us. For the first time in history, each Norwegian owns on average assets worth NOK one million. The personal wealth of each of the 4.7 million Norwegians include value of own home, bank savings, savings in shares and other savings, minus personal loans. And the national oil fund is excluded.

- We have become two to three per cent richer every year over the past ten years, mostly due to the very strong increase in real income, says Geir Ormseth of the financial weekly Dine Penger to the newspaper VG.

Analysts believe that also next year the real income will increase by 3.5 per cent.

Ormseth says that the economic growth in Norway has never been stronger since the 1970s.

(Vaart Land/VG)

Rolleiv Solholm


Related Articles

Surprise growth in Norwegian economy

Mainland Norway’s gross domestic product (GDP) grew 1.2 per cent from the 1st quarter to the 2nd quarter this year, according to Statistics Norway (SSB). This is higher than the 0.9 per cent predicted by most financial experts...Read more...

Consumer spending increased in June

Money and spendingNorwegians purchased more building products, hardware, sports and leisure equipment, clothes and cars in June...Read more...

Key policy rate unchanged

As expected, the Executive Board of the Norwegian Central Bank (Norges Bank) has decided to keep the key policy rate unchanged at 1.5 percent. (Photo: Central Bank Governor Øystein Olsen)..Read more...

Record-high manufacturing output

Production in Norwegian manufacturing increased by 1.2 per cent from February to April 2014 compared with the previous three-month period, Statistics Norway (SSB) reports...Read more...

"Norway risks turbulence at a high altitude," says economist

Siv JensenMinister of Finance Siv Jensen had invited some of Norway's  top economists to the Department of Finance on Monday to share their views on how the Norwegian economy can be modernized and reformed. ..Read more...

Key rate unchanged at 1.5 percent

The Executive Board of Norway's Central Bank (Norges Bank) has decided to keep the key policy rate unchanged at 1.5 percent. (Photo: Central Bank Governor Øystein Olsen)..Read more...

OECD identifies threats to the Norwegian economy

OECD Economic OutlookThe OECD warns Norway about the risk factors that may threaten the Norwegian economy in the report World Economic Outlook, which was released on Tuesday. ..Read more...

Economy: Reduced trade surplus

Exports of goods came to NOK 77.7 billion, while imports reached NOK 46.3 billion in March 2014. Thereby the trade surplus dropped 19.2 per cent compared to March 2013...Read more...

Moderate economic growth to continue

Statistics Norway (SSB) analysts predict that the moderate growth in economic activity in Norway and abroad experienced last year will continue for another few years...Read more...

A good year for the National Oil Fund

The Government Pension Fund Global, also called the Norwegian National Oil Fund, returned 15.9 percent in 2013, due principally to strong stock markets, the annual report shows...Read more...

Record January trade surplus

The Norwegian trade surplus in January 2014 ended at NOK 48.8 billion – the highest ever recorded for a single month, according to Statistics Norway...Read more...

- The economic picture for Norway may be changing

In his annual speech on the economic perspectives for the new year, the Governor of the Norwegian Central Bank (Norges Bank), Øystein Olsen said the economic picture for Norway may be changing...Read more...

Solberg and Crown Prince Couple attend WEF-meeting in Davos

World Economic ForumThe World Economic Forum (WEF) Annual Meeting will take place in Davos, Switzerland this week, and both Minister of Foreign Affairs Børge Brende and Prime Minister Erna Solberg will attend the conference. ..Read more...

The underground economy in Norway is second largest in Western Europe

moneyNorway is the worst country in Western Europe after Belgium when it comes to underground crime...Read more...

The Norwegian Oil Fund worth NOK 5000 billion

The Norwegian Government Pension Fund Global, also known as the National Oil Fund has now reached the value of NOK 5000 billion, or USD 818 billion...Read more...

Oslo Børs Benchmark Index_GI (OSEBX)

 

Local News in Brief

Social Networking

WHAT's YOUR OPINION

Should Norway apply for the 2022 Winter Olympics ?

Norwaypost Classifieds

Statoil
Norges Rederiforbund

.Partners

Folkeuniversitetet
Norsk Romsenter
Bedin Front Right Top
NORGE.NO/DIFI
62 degrees north
Statistics