The Happiest Countries in the World 2015
The study bases its rankings on data from the Gallup World Poll and takes into account variables such as real GDP per capita, healthy life expectancy, corruption levels and social freedoms.
Norway GDP and Economic Data
Country Report 2015 - Includes Norway real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Norway economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Norway best banks and safest banks are also available.
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Source
International Reserves
US$ 64.789 billion (Source: IMF; Data updated: 2014)
Source
Gross Domestic Product - GDP
US$ 523 billion (2015 estimate)
GDP (Purchasing Power Parity)
352 billion of International dollars (2015 estimate)
Real GDP growth
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 |
| 1% | 3.9% | 2.6% | 2.3% | 2.7% | 0.1% | -1.6% | 0.5% |
| 2011 | 2012 | 2013 | 2014* | 2015* | |||
| 1.3% | 2.9% | 0.6% | 1.8% | 1.9% |
*Estimate
GDP per capita - current prices
US$ 99,295 (2014 estimate)
GDP per capita - PPP
65,896 International Dollars (2014 estimate)
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2014* |
| 0.48% | 0.44% | 0.43% | 0.34% | 0.32% |
*Estimate
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GDP - composition by sector
- agriculture: 1.2%
- industry: 42.3%
- services: 56.5% (2013 estimate)
Source
Gross domestic expenditure on R&D; (% of GDP)
1.6% (2011)
Inflation
| 2011 | 2012 | 2013 | 2014* |
| 1.3% | 0.7% | 2.1% | 2.0% |
*Estimate
Unemployment rate
| 2011 | 2012 | 2013 | 2014* |
| 3.3% | 3.2% | 3.5% | 3.7% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2010 | 2011 | 2012 | 2013 | 2014* |
| 43.3% | 29.0% | 29.5% | 29.5% | 29.5% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2010 | 2011 | 2012 | 2013 | 2014* |
| 11.1% | 13.4% | 13.8% | 11.0% | 10.8% |
*Estimate
Government bond ratings
Standard & Poor's: AAA
Moody's rating: Aaa
Moody's outlook: STA
(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)
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Market value of publicly traded shares
| 2010* | 2011 | 2012** |
| US$250.9 billion | US$219.2 billion | US$252.9 billion |
*2010 Estimate **2012 Estimate
Largest companies in Norway
Statoil, DNB, Telenor, Yara International, Storebrand, Norsk Hydro, Gjensidige Forsikring, SpareBank 1 SR-Bank, Orkla
Source
Source
Current account balance
US$ 52.159 billion (2014 estimate)
Current account balance by percentage of GDP
10.177% of GDP (2014 estimate)
Exports as percent of GDP(Exports of goods and services)
38.9% (2013)
Shares in world total commercial services export
0.87% (2012)
Export commodities
petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish
Source
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Import commodities
machinery and equipment, chemicals, metals, foodstuffs
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Exports - major partners
UK 25.6%, Germany 12.6%, Netherlands 12%, France 6.7%, Sweden 6.3%, US 5% (2012)
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Imports - major partners
Sweden 13.6%, Germany 12.4%, China 9.3%, Denmark 6.3%, UK 6.1%, US 5.4% (2012)
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FDI inflows
| 2011 | 2012 | 2013 | |
| US$20,586 million | US$16,648 million | US$9,330 million |
FDI outflows
| 2011 | 2012 | 2013 | |
| US$19,880 million | US$19,782 million | US$17,913 million |
Value of cross-border M&A; by country of purchaser
| 2010 | 2011 | 2012 | 2013 |
| US$-3,905 million | US$5,661 million | US$4,191 million | US$87 million |
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)
N/A
(for a monthly update on M&A; click here )
Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)
N/A
(for a monthly update on M&A; click here )
Best countries for doing business World Bank/IFC Doing Business Project
Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 9 out of 189 countries (2013)
Subcategories:
Starting a business: 53 out of 189 countries
Enforcing Contracts: 4 out of 189 countries
Registering Property: 10 out of 189 countries
Getting credit: 73 out of 189 countries
Protecting investors: 22 out of 189 countries
Trading across border: 26 out of 18 countries
Paying Taxes: 17 out of 189 countries
Dealing with Construction Permits: 28 out of 189 countries
Getting Electricity: 17 out of 189 countries
Resolving Insolvency: 2 out of 189 countries
(2013)
Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)
11
(2014-2015)
Source
Index of Economic FreedomWSJ and Heritage Foundation
Ranking: 32 Score: 70.9 (Mostly Free) (2014)
(100=totally free 0=totally repressed )
Source
Languages
Bokmal Norwegian (official), Nynorsk Norwegian (official), small Sami- and Finnish-speaking minorities; note - Sami is official in six municipalities
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Religions
Church of Norway (Evangelical Lutheran - official) 82.1%, other Christian 3.9%, Muslim 2.3%, Roman Catholic 1.8%, other 2.4%, unspecified 7.5% (2011 est.)
Source
Total population
| 1990 | 2000 | 2010 | 2014* | 2019** |
| 4.25 million | 4.501 million | 4.908 million | 5.147 million | 5.437 million |
*Estimate **Forecast
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2013 |
| 49.9% | 71% | 76% | 80% |
% of population living on less than $2 a day
0.7% (2010)
Inequality of wealth distribution (Gini index)
26.8 (2010)
(0=perfect equality, 100=absolute inequality)
Freedom House rating
Political Rights: 1
Civil Liberties: 1 (2014)
(1 represents the most free, 7 the least free)
Source
Total telephone subscribers as % of population
Fixed 26.2% Mobile 116.5%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population
95.05% (2013)
Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)
Oslo: 20th (2014)
CO2 emissions(Metric tons of CO2 per capita)
11.7 (2010)