Norwegians continue to spend money on trips abroad at an increasingly strong rate, according to fresh figures from Statistics Norway (SSB). At the same time, spending by visitors to Norway from abroad remains nearly unchanged.
While Norwegians last year spent NOK 77 billion on trips abroad, an increase of 8.9 per cent, foreign visitors to Norway made purchases for only NOK 30 billion.
- An increasing number of businesses in Norway lose out in the competition with tourism abroad, says Virke Director for the Travel Industry, Charlotte Solheim to NRK.
- For the larger cities, this is not too serious, but it is worse for the rural communities, Solheim says.
She says Norway must do more to make it more attractive for Norwegians to spend some of their vacations in their own country.
(NRK)
The International Monetary Fund (IMF) has presented its views on the Norwegian economy and Norwegian economic policy, and concludes that the Norwegian economy continues to perform well.(Photo: Finance Minister Sigbjørn Johnsen)..
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The Executive Board of the Norwegian Central Bank (Norges Bank) has decided to keep the key policy rate unchanged, at 1.5 per cent. The record low key policy rate has remained unchanged since March 14th last year.
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As the Government began their annnual budget conference, Prime Minister Jens Stoltenberg said he is pleased with the development of the Norwegian economy, but sees challenges ahead in the work to form the budget for 2014.
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Foreign and domestic demand, excluding petroleum activities, grew modestly in the 4th quarter of 2012. The gross domestic product (GDP) of mainland Norway was up 0.3 per cent in the 4th quarter.
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