Norway: electrical equipment manufacture production value 2021

The production value of the electric equipment manufacturing industry in Norway increased by 379.5 million euros (+19.26 percent) in 2021 in comparison to the previous year. With 2.3 billion euros, the production value thereby reached its highest value in the observed period.
The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalized production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.

Find more statistics on the electric equipment manufacturing industry in Norway with key insights such as number of enterprises, turnover, and personnel costs.

Production value of the manufacture of electrical equipment industry in Norway from 2011 to 2021 (in million euros)

Characteristic	Annual production value in million euros
2021	2,349.73
2020	1,970.2
2019	2,061.9
2018b	1,666.8
2017	2,083.6
2016	1,834.6
2015	2,023.5
2013	2,192.8
2012	2,100.7
2011	1,934.9

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Release date

March 2024

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Region

Norway

Survey time period

2011 to 2021

Supplementary notes

b: Break in time series.
Data for the year 2014 was not provided by the source.
The source adds the following information: Production value measures the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services. The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalised production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.
Data coverage corresponds to code C27 of CE Rev2.

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