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In the third quarter of 2024, 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 10 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 2nd quarter of 2024

Characteristic	Share of companies
Higher purchase prices	50.3%
Unstable economic framework	44.7%
Lack of qualified employees	37.4%
Lower turnover/decreasing number of orders	36.4%
Poor economic competitiveness	31.2%
Lower sale prices	27.8%
Lack of resources for adjustment	15.7%
Lack of credits and financing	9.7%

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Release date

September 2024

More information

Region

Norway

Survey time period

Q2 2024

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.

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