Annual report for The Government Pension Fund Global in 2022
Norges Bank Investment Management has published the full annual report for the Government Pension Fund Global in 2022.
7 March 2023
The key figures were presented at a press conference on 31 January 2023.
Press contacts:
Marthe Skaar
Acting Chief of Communications and External Relations, Norges Bank
Phone: +47 926 17 663
Line Aaltvedt
Head of Media and Internal Communications
Phone: +47 948 54 656
E-mail: press@nbim.no
Read the report
07 Mar. 2023
Annual report 2022
The fund returned -14.1 percent, or -1,637 billion kroner, in a year of rising interest rates, high inflation and war in Europe. However, the market value of the fund increased by 90 million kroner in 2022. This was because the krone fell against the currencies in which the fund is invested, and because new capital was added to the fund. The fund’s return was 0.87 percentage point higher than the return on the benchmark index, equivalent to 117 billion kroner.