Norway : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$88.47 billion (2011 est.)
$74.3 billion (2010 est.)


$162.4 billion (2011 est.)
$132.7 billion (2010 est.)

Inflation rate (consumer prices)

1.3% (2011 est.)
2.4% (2010 est.)

Unemployment rate

3.3% (2011 est.)
3.6% (2010 est.)

GDP - per capita (PPP)

$54,200 (2011 est.)
$54,000 (2010 est.)
$54,300 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

1.5% (2010 est.)
-1.4% (2009 est.)
1.8% (2008 est.)

Internet users

4.431 million (2009)

Telephones - mobile cellular

5.525 million (2009)

Population growth rate

0.327% (2012 est.)


4,707,270 (July 2012 est.)

Historical background

Two centuries of Viking raids into Europe tapered off following the adoption of Christianity by King Olav TRYGGVASON in 994.

Conversion of the Norwegian kingdom occurred over the next several decades.

In 1397, Norway was absorbed into a union with Denmark that lasted more than four centuries.

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Economic overview

The Norwegian economy is a prosperous bastion of welfare capitalism, featuring a combination of free market activity and government intervention.

The government controls key areas, such as the vital petroleum sector, through large-scale state-majority-owned enterprises.

The country is richly endowed with natural resources - petroleum, hydropower, fish, forests, and minerals - and is highly dependent on the petroleum sector, which accounts for nearly half of exports and over 30% of state revenue.

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The Economist Intelligence Unit

Country Forecast Norway May 2015 Updater

Country Forecast Norway May 2015 Updater

  • $ 635
  • Country report
  • May 2015
  • by The Economist Intelligence Unit

The ruling right-of-centre minority government, which comprises the Conservatives and the Progress Party, will receive parliamentary support from two smaller centrist parties, the Liberals and the Christian ...

  • Countries : Norway

Dun and Bradstreet (Altares)

D&B Country Insight Report: Norway

D&B Country Insight Report: Norway

  • $ 650
  • Country report
  • March 2015
  • by Dun and Bradstreet (Altares)

Report Summary If you are involved in cross-border business, developing relationships or identifying opportunities overseas, you are exposed to the risk associated with a country’s overall political, ...

  • Countries : World, Norway


Norway - ISA Country Report

Norway - ISA Country Report

  • $ 99
  • Country report
  • April 2015
  • by ISA

This report contains detailed forecasts and analysis for Norway, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...

  • Countries : Norway

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