Norway: impact of inflation on economy 2023

In the third quarter of 2023, more than half of Norwegian companies had problems with increasing purchase prices as a result of rising inflation seen around the world. Moreover, more than 40 percent faced problems due to an unstable economic framework. On the other hand, only nine percent had issues with lack of credits or financing.

As a consequence of the COVID-19 pandemic, as well as the Russian War in Ukraine that started in February 2022, inflation has been surging worldwide. For more information about inflation in the Nordic countries, please visit our dedicated topic page.

Consequences of the high inflation stemming expansion/investments for companies in Norway in 1st quarter of 2023

Characteristic	Share of companies
Higher purchase prices	54.1%
Unstable economic framework	41.8%
Lack of qualified employees	37.5%
Lower turnover/decreasing number of orders	37%
Poor economic competitiveness	25.8%
Lower sale prices	25.7%
Lack of resources for adjustment	10.8%
Lack of credits and financing	9.1%

Loading statistic...

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

October 2023

More information

Region

Norway

Survey time period

Q1 2023

Special properties

Member companies of NHO (Næringslivets Hovedorganisasjon)

Supplementary notes

This is a member survey conducted by Næringslivets Hovedorganisasjon, NHO, The Confederation of Norwegian Enterprise. NHO is Norway’s largest organisation for employers and the leading business lobbyist, with more than 28,000 membership companies.

Citation formats