In 2023, household expenditure on housing, water, and energy in Norway stood at 391.12 billion NOK. Forecasts from 2024 to 2028 indicate a steady increase in expenditure. The year-on-year variations are approximately as follows:
• 2024: +4.25%
• 2025: +4.17%
• 2026: +3.96%
• 2027: +3.75%
• 2028: +3.59%
The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 3.94%. These projections suggest consistent and moderate growth in this expenditure category.
Future trends to watch for include potential impacts of economic policies, changes in energy prices, and advancements in sustainable housing practices. Additionally, any demographic shifts or significant changes in consumer behavior could further influence these expenditure trends.
