
Small Is Beautiful
Encouraged by government stimulus programs, banks are finding new ways to finance SMEs. Once the economy recovers, will the surge of interest recede?
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.
Despite the $30 billion in crisis support packages being provided by governments to help keep businesses viable and protect manufacturing output, COVID-19 has left leading top Nordic corporations hurting.
USD 63.1 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
USD 434.9 billion (2018, estimate)
Intl$ 395.9 billion (2018, estimate)
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
3% | 0.5% | -1.7% | -0.7% | 1 | 2.7% | 1% |
2014 | 2015 | 2016 | 2017* | 2018* | ||
2% | 2% | 1.2% | 2% | 1.4% |
*Estimate
USD 81,694.6 (2018, estimate)
1980 | 1990 | 2000 | 2010 | 2019* |
0.48% | 0.44% | 0.43% | 0.34% | 0.29% |
*Estimate
(2018 estimate)
2.1% (2017)
OECD, data retrieved October 2019
2015 | 2016 | 2017 | 2018* | 2019* |
2.2% | 3.6% | 1.9% | 2.8% | 2.3% |
*Estimate
2015 | 2016 | 2017* | 2018* | 2019* |
4.5% | 4.7% | 4.2% | 3.9% | 3.6% |
*Estimate
2015 | 2016 | 2017* | 2018* | 2019* |
32.9% | 36.4% | 36.9% | 40% | 40% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
6.1% | 4% | 4.9% | 7.3% | 7.6% |
*Estimate
Standard & Poor's: AAA
Moody's: Aaa
Standard & Poor's / Moody's
2016 | 2017 | 2018 |
USD 231.3 billion | USD 287.2 billion | USD 267.4 billion |
Equinor, DNB, Telenor, Norsk Hydro, Yara International, Storebrand, Mowi ASA, Gjensidige Forsikring
8.1 % (2018 estimate)
38.1% (2018)
0.63% (2018)
0.74% (2018)
Petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish
Machinery and equipment, chemicals, metals, foodstuffs
UK 21.1%, Germany 15.5%, Netherlands 9.9%, Sweden 6.6%, France 6.4%, Belgium 4.8%, Denmark 4.7%, US 4.6% (2017)
Sweden 11.4%, Germany 11%, China 9.8%, US 6.8%, South Korea 6.7%, Denmark 5.4%, UK 4.7% (2017)
2016 | 2017 | 2018 |
USD -4,667 million | USD 4,495 million | USD -18,215 million |
2016 | 2017 | 2018 |
USD 2,656 million | USD -2,277 million | USD 908 million |
2015 | 2016 | 2017 | 2018 |
USD 1,132 million | USD 5,017 million | USD 1,194 million | USD 119 million |
N/A
N/A
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
9 out of 190 countries
Subcategories:
Starting a Business: 25 out of 190 countries
Dealing with Construction Permits: 22 out of 190 countries
Getting Electricity: 44 out of 190 countries
Registering Property: 15 out of 190 countries
Getting Credit: 94 out of 190 countries
Protecting Minority Investors: 21 out of 190 countries
Paying Taxes: 34 out of 190 countries
Trading across Borders: 22 out of 190 countries
Enforcing Contracts: 3 out of 190 countries
Resolving Insolvency: 5 out of 190 countries
17 out of 141 countries
(2019)
Ranking: 26 / Score: 73 (Mostly free)
(100=totally free 0=totally repressed)
Bokmal Norwegian (official), Nynorsk Norwegian (official), small Sami- and Finnish-speaking minorities
Church of Norway (Evangelical Lutheran - official) 70.6%, Muslim 3.2%, Roman Catholic 3%, other Christian 3.7%, other 2.5%, unspecified 17% (2016 est.)
1990 | 2000 | 2010 | 2015 | 2020* |
4.25 million | 4.5 million | 4.91 million | 5.21 million | 5.39 million |
*Estimate
1960 | 1980 | 2000 | 2018 |
49.9% | 70.5% | 76% | 82.2% |
0.2% (last available estimate, 2015)
27.5 (last available estimate, 2015)
(0=perfect equality, 100=absolute inequality)
Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 10.6% Mobile: 107.2% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)