Country Forecast Norway Updater

  • ID: 2114053
  • September 2015
  • Region: Norway
  • 16 Pages
  • The Economist Intelligence Unit
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The right-of-centre minority government, comprising the Conservatives and the Progress Party, is reliant on parliamentary support from two smaller, centrist parties, the Liberals and the Christian Democrats. They opted not to join a formal coalition (primarily owing to concerns over the presence of the Progress Party). Intra-party tensions will continue to surface on occasion, particularly on issues relating to immigration, which will remain high on the political agenda. Support for both main parties has declined since the 2013 general election, amid criticism that tax cuts have mainly favoured the rich, but The Economist Intelligence Unit's baseline forecast is that the government will serve its full term to late 2017.

Norway's demographic profile is ageing, with the share of the population aged over 65 expected to rise to 17.2% in 2019. This is in line with most developed countries, but still lower than a number of Norway's European competitors.

Only modest progress is likely from efforts to strengthen business activity in the mainland economy, against the backdrop of declining oil output. A modest fiscal stimulus is expected in the 2016 budget. Norges Bank (the central bank) cut its main policy interest rate to a record-low 1% in June 2015. A further easing of policy is likely before the end of 2015, given the deteriorating economic outlook.

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Country Forecast Norway Updater

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: Norway's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
The labour market

Fact sheet

Outlook for 2015-19: Political stability

Outlook for 2015-19: Election watch

Outlook for 2015-19: International relations

Outlook for 2015-19: Policy trends

Outlook for 2015-19: Fiscal policy

Outlook for 2015-19: Monetary policy

Outlook for 2015-19: Economic growth

Outlook for 2015-19: Inflation

Outlook for 2015-19: Exchange rates

Outlook for 2015-19: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Gross domestic product by sector of origin

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data sources and definitions
Global data
Domestic data

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