Private consumption is fell in all five Nordic countries in 2020 as a result of COVID-19. The fall was most dramatic in Norway at nearly seven percent, with Denmark having the lowest fall at roughly 1.5 percent. However, the consumption increased in all five countries in 2021, and is expected to continue to have increased further in 2022 except for Denmark. Private consumption is estimated to have slowed somewhat in 2023 due to the high inflation rates.
Forecast of private consumption in the Nordic countries from 2020 to 2025
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Danske Bank, & Central Bank of Iceland. (December 5, 2023). Forecast of private consumption in the Nordic countries from 2020 to 2025 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1290113/nordics-private-consumption-forecast/
Danske Bank, und Central Bank of Iceland. "Forecast of private consumption in the Nordic countries from 2020 to 2025." Chart. December 5, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1290113/nordics-private-consumption-forecast/
Danske Bank, Central Bank of Iceland. (2023). Forecast of private consumption in the Nordic countries from 2020 to 2025. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1290113/nordics-private-consumption-forecast/
Danske Bank, and Central Bank of Iceland. "Forecast of Private Consumption in The Nordic Countries from 2020 to 2025." Statista, Statista Inc., 5 Dec 2023, https://www.statista.com/statistics/1290113/nordics-private-consumption-forecast/
Danske Bank & Central Bank of Iceland, Forecast of private consumption in the Nordic countries from 2020 to 2025 Statista, https://www.statista.com/statistics/1290113/nordics-private-consumption-forecast/ (last visited December 21, 2024)
Forecast of private consumption in the Nordic countries from 2020 to 2025 [Graph], Danske Bank, & Central Bank of Iceland, December 5, 2023. [Online]. Available: https://www.statista.com/statistics/1290113/nordics-private-consumption-forecast/
