Production: Energy: Production and Distribution of Electricity, Gas, Steam, and Air Conditioning: Total for Norway
NORPREND401IXEBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.70
Year-over-Year Change
1.40%
Date Range
1/1/1995 - 11/1/2023
Summary
This economic trend measures the total production and distribution of electricity, gas, steam, and air conditioning in Norway. It provides key insights into the energy sector's output and infrastructure.
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 Production: Energy: Production and Distribution of Electricity, Gas, Steam, and Air Conditioning: Total for Norway index tracks the volume of energy-related goods and services produced and delivered across Norway's utility networks. This data point is used by economists and policymakers to analyze the health and capacity of the nation's energy infrastructure.
Methodology
The data is collected through surveys of energy producers and distributors.
Historical Context
This trend is closely monitored by energy and climate policymakers to assess the stability and sustainability of Norway's power generation and supply.
Key Facts
- Norway is a major exporter of natural gas and hydroelectric power.
- The energy sector accounts for over 20% of Norway's GDP.
- Norway aims to be carbon neutral by 2030.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total production and distribution of electricity, gas, steam, and air conditioning in Norway.
Q: Why is this trend relevant for users or analysts?
A: This data provides key insights into the capacity and stability of Norway's energy infrastructure, which is crucial for economic and climate policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of energy producers and distributors in Norway.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by energy and climate policymakers to assess the sustainability of Norway's power generation and supply.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into Norway's energy sector.
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Citation
U.S. Federal Reserve, Production: Energy: Production and Distribution of Electricity, Gas, Steam, and Air Conditioning: Total for Norway (NORPREND401IXEBSAM), retrieved from FRED.