Production: Energy: Production and Distribution of Electricity, Gas, Steam, and Air Conditioning: Total for Norway
NORPREND401IXEBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.03
Year-over-Year Change
2.19%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures total production and distribution of electricity, gas, steam, and air conditioning in Norway. It is an important indicator of energy infrastructure and industrial activity in the Norwegian economy.
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 series tracks the overall output and supply of these key utilities. It provides insights into Norway's energy production capabilities and the state of its electricity, gas, and HVAC sectors.
Methodology
The data is collected through surveys of Norwegian energy producers and distributors.
Historical Context
This trend is closely watched by policymakers, economists, and energy market analysts to assess the health of Norway's power and utilities industries.
Key Facts
- Norway is a major exporter of energy resources, including oil, gas, and hydroelectricity.
- The energy sector accounts for over 20% of Norway's GDP.
- Norway aims to reach 100% renewable electricity generation 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 trend provides insights into the health and capabilities of Norway's energy infrastructure, which is a critical component of its overall economic activity and growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Norwegian energy producers and distributors.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and energy market analysts closely monitor this trend to assess the state of Norway's power and utilities industries and make informed decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the information is collected through surveys of energy producers and distributors.
Related Trends
Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets for Norway
CP0934NOM086NEST
Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Norway
QNOPAM770A
Business Tendency Surveys: Rate of Capacity Utilisation: Economic Activity: Manufacturing: Current for Norway
BSCURT02NOQ160S
Sales: Retail Trade: Total Retail Trade: Value for Norway
SLRTTO02NOQ661S
Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Norway
NORFCAANUM
Leading Indicators OECD: Component series: Consumer prices: Normalised for Norway
NORLOCOPCNOSTSAM
Citation
U.S. Federal Reserve, Production: Energy: Production and Distribution of Electricity, Gas, Steam, and Air Conditioning: Total for Norway (NORPREND401IXEBSAQ), retrieved from FRED.