Chart 1. Long-term interest rates Per cent Source: EcoWin

Chart 2. Global daily foreign exchange trade In billions of USD Sources: BIS, IMF, central banks

Chart 3. Share of global exports Per cent China Japan Germany US Sources: IMF, EcoWin and Norges Bank

Chart 4. Wage level Percentage of wages in the US Taiwan Singapore South Korea Hong Kong Sources: US Department of Labor and Norges Bank

Chart 5. Exports and foreign assets Per cent of global GDP Exports (right- hand scale) Assets (left-hand scale) 2001 Sources: IMF and Norges Bank

Chart 6. Imports to Norway Share. Per cent China Central Europe Sources: Statistics Norway and Norges Bank

Chart 7. Consumer prices and mainland GDP Percentage growth. Average 1970s 1980s1990s CPIGDP Sources: Statistics Norway and Norges Bank

Chart 8. Mainland GDP In billions of NOK. Constant 2000 prices Trend Actual 2003 Sources: Statistics Norway and Norges Bank

Chart 9. Trade-weighted exchange rate Index Week 1 = 100 a. Commodity economies b. Other economies Canada Switzerland Norway Sweden Norway New Zealand AustraliaUK Sources: Bank of England and EcoWin

Chart 10. Exchange rate NOK-EUR Source: EcoWin

Chart 11. Real krone exchange rate Deviation from average. Per cent 2004 Source: Norges Bank

Chart 12. a. Output gapb. Inflation Deviation from trend BNP. Per centPer cent Euro area US Euro area US Sources: OECD and EcoWin

Chart 13. Short-term interest rates Per cent Euro area US Source: Norges Bank

Chart 14. USD/EUR and the US current account balance as a percentage of GDP Current account balance (right-hand scale) USD/EUR (left-hand scale) Sources: OECD and Norges Bank

Chart 15. Mainland GDP and employment Annual growth. Per cent Sources: Statistics Norway and Norges Bank GDP Employment

Chart 16. Inflation Per cent Goods and services produced in Norway Underlying inflation Imported consumer goods Sources: Statistics Norway and Norges Bank

Chart 17. Price indicator for imported consumer goods Foreign currency. Percentage rise 2003 Source: Norges Bank

Chart 18. Price indicator for imported consumer goods Foreign currency. Index Q1 = Footwear Clothing Audiovisual equipment Other goods Source: Norges Bank

Chart 19. Import-weighted krone exchange rate and interest rate differential against trading partners Krone exchange rate (left-hand scale) Interest rate differential (right- hand scale) IndexPer cent Source: Norges Bank

Chart 20. After-tax real interest rates Quarterly figures. Per cent 10-year rate 3-month rate Sources: Statistics Norway and Norges Bank

Chart 21. Labour costs in Norway compared with trading partners Index. 1990=100 Common currency Local currency Sources: TRCIS, Ministry of Finance and Norges Bank

Chart 22. Credit growth Per cent Total credit Households Non-financial enterprises Source: Norges Bank

Chart 23. Enterprise credit and investment Nominal growth. Per cent Credit Fixed investment Sources: Statistics Norway and Norges Bank

Chart 24. Household debt Annual growth. Per cent December 2003 Source: Norges Bank

Chart 25. House prices and household debt Annual rise. Per cent December 2003 Household debt House prices January 2004 Sources: Norwegian Association of Real Estate Agents, Statistics Norway and Norges Bank

Chart 26. Short-term interest rates in Norway Actual and market expectations. Per cent Market expectations Actual interest rate Source: Norges Bank

Chart 27. Debt and interest expenses Per cent of household income Debt (right-hand scale) Interest expenses (left-hand scale) Sources: Statistics Norway and Norges Bank