Financial intermediation, real estate and business activities contributed 17.6% to the gross value added (GVA) in 2017, followed by mining, manufacturing and utilities (10.2%), and wholesale, retail and hotels (9.7%). In nominal terms, the three sectors are expected to grow by 6.3%, 4.5% and 5.8%, respectively, in 2018.
Over 2018-2029 period, the Norwegian government plans to develop infrastructure by spending NOK1,064 bn (US$128.6 bn) on roads, shipping, railways, aviation, and public transport.
- Four major regions in Norway generate around 52.8% of the country’s GDP and comprise 27.5% of the country’s population
- FDI inflows towards Norway has been witnessing a declining trend over the past three years, with mining and quarrying as the major FDI recipient sector
- As per the Global Competitiveness Index 2017-2018, Norway’s infrastructure ranked 11th out of total 137 nations.
- 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.
Did you Know?
List of Figures
Exhibit 1: Norway’s Performance in the Country Risk Analysis in Comparison to West Europe and the World
Exhibit 2: Performance Overview (Score: 1-100)
Exhibit 3: Broad Categories and Weights behind the Index
Exhibit 4: OSEAX Index
Exhibit 5: Key Sectors Contribution to the Economy
Exhibit 6: Total FDI Inflows (2016), FDI by Industry (2016), and FDI by Leading Industries (2014-2016)
Exhibit 7: Investment by Region (2016) and FDI by Leading Geographies (2014-2016)
Exhibit 8: Key Infrastructure Indicators
Exhibit 9: Real GDP and Household Consumption Growth Rate
Exhibit 10: Real GDP Growth Rate Comparison (2017)
Exhibit 11: Export, Import and Trade Balance
Exhibit 12: Current Account Balance
Exhibit 13: Top Three Commodity Exports, % of Total Exports, 2013-2017
Exhibit 14: Mineral Fuels, Mineral Oils and Products of their Distillation, % Share in World’s Total, 2017
Exhibit 15: Interest Rates
Exhibit 16: Exchange Rate
Exhibit 17: Public Finance
Exhibit 18: General Government Debt
Exhibit 19: Employment/Unemployment
Exhibit 20: Average Annual Wages
Exhibit 21: Labour Cost Index
Exhibit 22: Rural/Urban Share of Total Population
Exhibit 23: Age-group Share of Total Population
Exhibit 24: Gender Split
Exhibit 25: Internet Users % of Total Population, Mobile Penetration Rate and Broadband Penetration Rate, 2017
Exhibit 26: Number of Patents Granted Per M Inhabitants, 2015
Exhibit 27: Business Enterprise R&D Expenditure by Source of Funds, 2012-16
Exhibit 28: Doing Business in Norway 2019
Exhibit 29: Corruption Perception Index (Rankings) 2017
Exhibit 30: CO2 Emissions 37