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Norway

Norway : economy statistics and industry reports

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

Imports

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

Exports

$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.)

Population

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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Norway

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 January 2018 Updater

Country Forecast Norway January 2018 Updater

  • $ 559
  • Country report
  • January 2018
  • by The Economist Intelligence Unit

Norway has a history of coalition government and cross-party consensus that typically delivers a high level of political stability. The constitution does not allow parliament to be dissolved. The Septembe ...

  • Countries : Norway

MarketLine

Norway: In-depth PESTLE insights

Norway: In-depth PESTLE insights

  • $ 350
  • Country report
  • June 2017
  • by MarketLine

Norway: In-depth PESTLE insightsSummaryThis PESTLE country analysis report on Norway provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant ...

  • Countries : Norway

GlobalData

PESTLE Insights: Macroeconomic Outlook Report - Norway

PESTLE Insights: Macroeconomic Outlook Report - Norway

  • $ 500
  • Country report
  • September 2017
  • by GlobalData

PESTLE Insights: Macroeconomic Outlook Report - NorwaySummary"PESTLE Insights: Macroeconomic Outlook Report - Norway", identifies the potentials of Norway as an investment destination by analyzing the ...

  • Countries : Norway

Oxford Economics

By Country Industry Forecasts > Norway

By Country Industry Forecasts > Norway

  • $ 220
  • Country report
  • December 2017
  • by Oxford Economics

Key Features: Broad Country and Industry Coverage. The service covers 68 countries across Europe, Asia, the Americas, the Middle East and Africa, where 85% of world business is conducted. Up to 85 manufacturing ...

  • Countries : Norway

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