Country Forecast Norway Updater

  • ID: 2114053
  • August 2015
  • Region: Norway
  • 16 Pages
  • 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 Democrats. The centrist parties opted not to join the coalition formally (largely because of concerns about a coalition with the Progress Party). However, their presence will constrain any significant alterations to the existing policy framework, which The Economist Intelligence Unit expects to remain moderate and centrist.

Norway's demographic profile is deteriorating, with the proportion of the population aged over 65 expected to climb to 17.2% in 2019. This is in line with most developed countries, but is nonetheless better than many of Norway's European competitors.

Annual real GDP growth is forecast to slow in 2015, with investment and import growth particularly hard hit as lower international oil prices and continuing weakness in the euro zone have a negative impact on the Norwegian economy. The general government budget and current-account balances will stay comfortably in surplus, underpinned by oil and gas export earnings.

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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

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown


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