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Forecast of private consumption in the Nordic countries from 2020 to 2025

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Sources

Release date

December 2023

Region

Denmark, Finland, Iceland, Norway, Sweden

Survey time period

November and December 2023**

Supplementary notes

*Numbers for Iceland are from page 95 in .

**The report on Norway, Denmark, Sweden, and Finland is from December 2023, the Icelandic from November 2023.

Numbers for 2020 and 2021 are taken from previous reports.

Citation formats

Private consumption forecast in the Nordics 2020-2025

Published by D. Clark, Dec 5, 2023
Private consumption is fell in all five Nordic countries in 2020 as a result of COVID-19. The fall was most dramatic in Norway at nearly percent, with Denmark having the lowest fall at roughly *** percent. However, the consumption increased in all five countries in 2021, and is expected to continue to have increased further in 2022 except for Denmark. Private consumption is estimated to have slowed somewhat in 2023 due to the high inflation rates.
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