1 Historical tables
Table 1.1 Return on the GPFG in 2014, the last 3, 5, and 10 years, as well as over the period 1998–2014, measured in Norwegian kroner. Annual geometric average. Percent
2014 | Last 3 years | Last 5 years | Last 10 years | 1998–2014 | |
|---|---|---|---|---|---|
GPFG incl. real estate | |||||
Actual portfolio | 24.23 | 18.36 | 12.35 | 7.68 | 6.48 |
Norwegian inflation1 | 2.01 | 1.63 | 1.72 | 1.91 | 2.00 |
Management costs | 0.06 | 0.06 | 0.07 | 0.09 | 0.09 |
Return net of costs and inflation | 21.72 | 16.40 | 10.38 | 5.58 | 4.31 |
GPFG excl. real estate | |||||
Actual portfolio | 24.18 | 18.37 | 12.36 | 7.69 | 6.48 |
Benchmark index | 25.06 | 18.24 | 12.09 | 7.57 | 6.23 |
Excess return (percentage points) | -0.89 | 0.13 | 0.26 | 0.11 | 0.25 |
Equity portfolio | |||||
Actual portfolio | 24.61 | 23.55 | 14.51 | 8.85 | 6.28 |
Benchmark index | 25.56 | 23.26 | 14.32 | 8.51 | 5.82 |
Excess return (percentage points) | -0.95 | 0.29 | 0.19 | 0.33 | 0.45 |
Fixed-income portfolio | |||||
Actual portfolio | 23.43 | 10.19 | 8.54 | 5.97 | 5.81 |
Benchmark index | 24.24 | 10.44 | 8.26 | 5.87 | 5.64 |
Excess return (percentage points) | -0.81 | -0.25 | 0.28 | 0.10 | 0.16 |
1 Inflation figures in the table are not based on inflation measured in the currency basket of the Fund, but on Norwegian CPI data.
Source Norges Bank, Macrobond and the Ministry of Finance.
Table 1.2 Nominal return on the GPFG and inflation1 in selected currencies and measured in the currency basket of the Fund. Annual geometric average. Percent
Year | Currency basket of the Fund | NOK | USD | EUR | GBP | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Return | Inflation | Return | Inflation | Return | Inflation | Return | Inflation | Return | Inflation | |
1997 | 9.07 | 1.75 | 10.83 | 2.62 | -4.01 | 2.29 | 11.87 | 1.54 | -0.16 | 1.82 |
1998 | 9.26 | 0.92 | 19.75 | 2.25 | 15.87 | 1.56 | 7.63 | 1.16 | 14.59 | 1.56 |
1999 | 12.44 | 1.28 | 13.84 | 2.30 | 7.92 | 2.21 | 26.43 | 1.04 | 11.40 | 1.32 |
2000 | 2.49 | 2.02 | 6.53 | 3.13 | -2.91 | 3.36 | 3.66 | 2.16 | 4.75 | 0.87 |
2001 | -2.47 | 1.17 | -5.34 | 3.03 | -6.93 | 2.85 | -1.87 | 2.34 | -4.48 | 1.18 |
2002 | -4.74 | 1.91 | -19.09 | 1.29 | 4.76 | 1.58 | -11.11 | 2.29 | -5.30 | 1.27 |
2003 | 12.59 | 1.57 | 19.96 | 2.45 | 24.92 | 2.28 | 3.92 | 2.02 | 12.34 | 1.36 |
2004 | 8.94 | 2.37 | 3.93 | 0.44 | 14.16 | 2.66 | 5.94 | 2.19 | 6.45 | 1.34 |
2005 | 11.09 | 2.33 | 14.28 | 1.59 | 2.22 | 3.39 | 17.80 | 2.15 | 14.32 | 2.04 |
2006 | 7.92 | 2.13 | 5.89 | 2.26 | 15.16 | 3.23 | 3.01 | 2.20 | 1.01 | 2.30 |
2007 | 4.26 | 3.12 | -3.90 | 0.76 | 10.20 | 2.83 | -0.61 | 2.15 | 8.35 | 2.35 |
2008 | -23.31 | 1.42 | -6.66 | 3.79 | -27.62 | 3.86 | -23.87 | 3.26 | 0.21 | 3.63 |
2009 | 25.62 | 1.82 | 7.88 | 2.11 | 30.77 | -0.37 | 26.69 | 0.28 | 16.42 | 2.12 |
2010 | 9.62 | 1.98 | 9.49 | 2.47 | 8.81 | 1.68 | 16.37 | 1.57 | 12.23 | 3.34 |
2011 | -2.54 | 2.84 | -1.39 | 1.24 | -3.96 | 3.12 | -0.75 | 3.12 | -3.25 | 4.45 |
2012 | 13.42 | 1.98 | 6.70 | 0.77 | 14.42 | 2.09 | 12.66 | 2.48 | 9.39 | 2.84 |
2013 | 15.95 | 1.41 | 25.11 | 2.13 | 14.77 | 1.48 | 9.81 | 1.38 | 12.63 | 2.52 |
2014 | 7.58 | 1.13 | 24.23 | 2.01 | 0.52 | 1.59 | 14.47 | 0.43 | 6.78 | 1.51 |
1998–2014 | 5.81 | 1.85 | 6.48 | 2.00 | 6.37 | 2.31 | 5.73 | 1.87 | 6.71 | 2.11 |
1997–2014 | 5.99 | 1.84 | 6.72 | 2.03 | 5.77 | 2.31 | 6.06 | 1.85 | 6.32 | 2.10 |
1 Inflation figures in individual currencies presented in the table are not based on inflation measured in the currency basket of the Fund, but on CPI data for each country/currency area.
Source Norges Bank, Macrobond, Thomson Reuters Datastream and the Ministry of Finance.