Norwegians add more to their holiday budget

Norwegian households plan to spend an average of 24,300 kroner on their summer holiday this year according to a YouGov survey.

The survey was conducted for the bank Nordea. It showed that the amount Norwegians budget for their holiday is 16% higher this year than they planned for last year.

“Much indicates that Norwegians are far more optimistic for their own financial future nowadays,” said economist, Elin Reitan, at Nordea - writes

“Increased optimism makes the money a bit looser, especially for events we prioritise highly, such as summer holidays,’’ she said.

Blue Monday?

She nevertheless gave a warning, and reminded consumers that after the summer,an interest rate hike is expected.

‘’It’s easy to come home to a financial blue Monday if you do not make a plan for your spending. The money may be a bit looser when we are on vacation, and then it is easy to spend it over one’s ability to repay it. With a good budget for how much you can and will use, you can easily keep track of the use of your money,’’ she advised.

The survey showed that those planning holidays in Norway aim to spend only NOK 12,500, while those who are going abroad will have a much higher budget of NOK 30,400. Western Norwegians will spend the most money during the summer vacation, 26,600 kroner, while southerners will pay close to 20,900 kroner.

The 800 who participated in the survey had responded to how much they think the summer vacation will cost in total for their household.

147 billion kroner

In the new year, a survey from the trade organization, ‘Virke Reise’ showed another picture of Norwegian’s planned holiday consumption. It indicated that the holiday budgets for Norwegian households is tighter this year than last year.

Norwegians spent roughly NOK 147 billion on short and long holiday trips last year showed figures from Statistics Norway (SSB). This corresponds to approximately NOK 27,800 per capita.

Read more news of Tallinn on our site.
2018HolidayBudgetNorway Norwegians
If you notice an error, highlight the text you want and press Ctrl + Enter to report it to the editor
I recommend
No recommendations yet


Post your comment to communicate and discuss this article.

Chairman of the Estonian Chamber of Commerce and Industry and one of the owners of construction group Nordecon, Toomas Luman, finds that a prime ministerial candidate should first and foremost be able to answer the question of what will become of the demographic crisis in Estonia. The businessman sees controlled introduction of foreign labor as the solution. A digital construction cluster was created in Estonia a few years back to bring innovation to the s...
Last year saw 27,125 registered offenses, up 0.5 percent from the year before. Violent crime was up by 12 percent to 8,249 offenses. PHOTO: Dominic Lipinski / PA Wire / Press Association Images / Scanpix Growth was biggest for domestic violence – the police launched criminal proceedings in 3,607 cases that constitutes an increase of more than one-third – annual growth of 37 percent from 2,632 cases in 2017. At the same time, reports of domestic violence we...
TALLINN - Ahead of the withdrawal of the United Kingdom from the European Union, tens of thousands of British citizens have chosen the citizenship of some other country, but only one Brit has recently chosen an Estonian citizenship. Spokespeople for the Ministry of the Interior told BNS that only one British citizen submitted an application for Estonian citizenship last year and the applicant was also granted the citizenship. Before that, no Brits had soug...
TALLINN - Experts from Finland, Denmark, Norway and the Netherlands highlighted the importance of decentralization and granting local governments greater decision-making powers at a conference titled "Strong local government -- strong state?" in Tallinn on Wednesday.  All Nordic countries have chosen a model granting local governments significant decision-making powers, thus the central government does not prescribe how local governments are to fulfill the...
The language learning application Drops by game developer Planb Labs, established in Estonia by Hungarian founders, was named Google Play's best app of 2018. With the number of downloads surpassing 10 million, Drops was named Google's app of the year as the revenue of Planb Labs, a company registered in Estonia, increased fivefold, CNBC said. The developer's revenue grew from €335,000 in 2017 to €1.7 million in 2018. The company's shareholders include Hung...
TALLINN - The Estonian Health Board has banned the distribution of chlorine dioxide, also marketed as the Miracle Mineral Supplement (MMS), the A-component of an unused product, meaning the sodium chlorite solution, must be taken to a hazardous waste collection facility. Ester Opik, head of the Health Board's North regional department, said that the banning of the distribution of the product was caused by the fact that MMS, distributed as a cosmetics produ...
Nature cannot abide a vacancy, as the saying goes. If just one year ago, Estonia was battling the sale of MMS and the practice of giving it to children, a new “miracle cure” called Advanced TRS has appeared on the market now. Even though the make-up of the substance is different, the promise to cure autism and cleanse the body of heavy metals, which kind of extreme detox is accompanied by severe side-effects, sounds all too familiar. TRS is recommended to...
Allied NATO battalions will soon mark two years serving in the Baltics. They have worked better than expected but would need prepositioned heavy weaponry and a functional contingency plan in case of a crisis, a report by the International Center for Defense and Security (ICDS) finds. “We do not know how Russia would have acted had we not welcomed allies in Estonia, Latvia, Lithuania and Poland in 2017. I’m afraid they would have tested our resolve,” one of...
The time of filing income tax returns is nearly upon us. The new income tax system, in effect since last year, will obligate many women who went on maternity leave toward the end of the year to make additional income tax payments, while those who give birth in the middle or at the beginning of the year have no such obligation. What this means is that some women will owe the state simply for giving birth “at the wrong time”. Laura Roop, who went on maternit...