According to publisher estimates, mining, manufacturing and utilities activities contributed 28.4% towards GVA, followed by financial intermediation, real estate and business activities (15.3%), and wholesale, retail and hotels utilities (7.4%) in 2022. The three sectors are forecast to grow by 4.1%, 2.9%, and 3.7%, respectively, in 2023.
Three major regions in Norway generated 69.6% of the country's GDP in 2020 (latest available data), and comprised 75.4% of the country's population, as of 2021.
The OBX Index exhibited a volatile trend over past year. As of March 9, 2023, the Index stood at 1,134.2, compared to 1,074.2 on March 9, 2022.
Three major regions in Norway generated 69.6% of the country's GDP in 2020 (latest available data), and comprised 75.4% of the country's population, as of 2021.
The OBX Index exhibited a volatile trend over past year. As of March 9, 2023, the Index stood at 1,134.2, compared to 1,074.2 on March 9, 2022.
Scope
- In 2022, the government introduced a plan to invest NOK1.2 trillion ($125 billion) on infrastructure projects during the period 2022-33
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country's snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies' presence in these areas.
Table of Contents
- List of Exhibits
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
Exhibit 2: Performance overview (score: 1-100)
Exhibit 3: Broad categories and weights behind the index
Exhibit 4: Norway Stock Exchange Index - OBX Index (March 2022 - March 2023)
Exhibit 5: Norway exchange rate (March 2022 - March 2023)
Exhibit 6: Key sectors’ contribution to the economy
Exhibit 7: Foreign assets and liabilities (Q1 2019-Q4 2022) and foreign investment position by type (Q3 2021-Q4 2022)
Exhibit 8: Foreign direct investment position by country (Q1 2021-Q4 2022) and region (Q1 2021-Q3 2022)
Exhibit 9: Key infrastructure indicators
Exhibit 10: Real GDP and household consumption growth rate (2018-25f)
Exhibit 11: Real GDP growth rate comparison (2022e)
Exhibit 12: Exports and imports growth (2018-25f)
Exhibit 13: Current account balance (2018-25f)
Exhibit 14: Top three commodity exports, % of total exports (2018-21)
Exhibit 15: Mineral fuels, oil and products, % share of the world’s total (2021)
Exhibit 16: Interest rates (February 2018 - February 2023)
Exhibit 17: Exchange rate and inflation (2018-25f)
Exhibit 18: General government net lending/borrowing (2018-25f)
Exhibit 19: General government debt (2018-25f)
Exhibit 20: Employed population and unemployment rate (2018-25f)
Exhibit 21: Average annual wages (2018-25f)
Exhibit 22: Labor force participation rate (2018-25f)
Exhibit 23: Rural-urban share of total population (2005, 2015, 2025)
Exhibit 24: Age-group share of total population (1995, 2005, 2015, 2025)
Exhibit 25: Gender split (2005, 2015, 2025)
Exhibit 26: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022e)
Exhibit 27: Number of patents granted per million population (2021)
Exhibit 28: High technology exports, % of manufactured exports (2021)
Exhibit 29: Rule of law (rankings), 2022
Exhibit 30: Corruption perceptions index (rankings) (2022)
Exhibit 31: Renewable energy capacity (2016-20)
Exhibit 32: CO2 emissions (2017-21)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Orkla
- Sparebank
- Nordea
