Status and trends for the economy in northern Norway and the most important industries in the region for 2017 - 2018

According to Statistics Norway, the annual growth in the North Norwegian economy was nearly 1 percent higher than the rest of the country in the period 2008-2013. It may not seem a lot, but in the long run the numbers add up significantly. KB's calculations show that the difference in growth has increased after 2013. The main drivers in the north are the growth in seafood and travel industries, increased export from the process industries, and notably, that the North of Norway to a large extent has been shielded from the 'oil brake'. The key question is if this trend continues, and the answer is yes.