Norway

Price of Goods in US$, which in US would Cost $1 - Norway Compared to Continent

Footnote

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Albania	$0.53
Austria	$1.15
Belarus	$0.39
Belgium	$1.14
Bosnia & H.	$0.34
Bulgaria	$0.47
Croatia	$0.72
Cyprus	$0.84
Czech Rep.	$0.65
Denmark	$1.48
Estonia	$0.70
Finland	$1.18
France	$1.23
Germany	$1.20
Greece	$0.91
Hungary	$0.64
Iceland	$1.51
Ireland	$1.25
Italy	$1.09
Latvia	$0.66
Lithuania	$0.59
Luxembourg	$1.17
Macedonia	$0.43
Malta	$0.69
Moldova	$0.38
Netherlands	$1.19
Norway	$1.68
Poland	$0.65
Portugal	$0.87
Romania	$0.66
Russia	$0.64
Serbia	$0.74
Slovak Rep.	$0.66
Slovenia	$0.83
Spain	$1.08
Sweden	$1.28
Switzerland	$1.40
Turkey	$0.67
UK	$1.21
Ukraine	$0.33

 

 

Norway: Currency +/- valuation index

This is a cost of living indicator. The figure shows how much how much a bundle of goods and services costing US$1 in the US would cost in other countries (similar to The Economist's Big Mac Index).

To arrive at the figure, the Global Property Guide takes the difference between the IMF's nominal GDP figures, and their purchasing power parity GDP figures for the latest year available.

Note that currency undervaluation (as measured by PPP) is not a good predictor of future currency movements.

These cost of living indicators refer to data collected annually (for date of collection, see Data FAQ )

Source: calculated using figures from the IMF World Economic Outlook Database

 

Norway has an excellent collection of housing statistics. Statistics Norway has quarterly house price index, average monthly rents and housing construction data. Norges Bank publishes yearly house price index. General economics statistics are from the Statistics Norway and Norges Bank.