Norway revises all GDP (Gross Domestic Product) figures back to the 70s, to adapt its financials to some int'l recommendations. As a results, the level of GDP has risen 0.8 per cent on average (!).
The Norwegian National Accounts has been revised back to 1970. As a result, the level of GDP at current prices has risen 0.8 per cent on average. The year-to-year growth rates of GDP at constant prices have also been revised. The main reason for revising the time series has been to adapt to international recommendations for the treatment of financial intermediation services and value added taxes (VAT). For the most recent years, other items have also been recalculated.
I am sure that Mr Berlusconi and his former Finance Minister Mr. Tremonti, supporters of the so called Creative Finance, would have been glad to add this to their portfolio of great reforms.
Here the full press note, from Statistic Norway.
Here is something that I just posted on my Italian blog: The 2006 Companies to Incazz For. This is a clear (clear?) paraphrase of the Fortune 200x Companies to Work For list. Where the word "incazz" comes from italian "Incazzarsi" or "to be fed up with" (I am always trying to be politically correct, here). So, basically, you can vote for the worst Italian company in 2006: the one with the worst customer care, the one with the worst products, services, and so on.
Two years ago the winner was RAI (italian public TV channels) and Telecom Italia (first home phone provider). Let's see who will be the 2006 winner.
Here below is the badge, via Squidoo.
PS. The entire story is here, on my Italian blog.
