Norway FlagNorway

All For Norway.



Population: 5,147,792 (2014), 4,722,701 (2013)
Land Area: 323,802 sq km
Natural Resources: Petroleum, natural gas, iron ore, copper, lead, zinc, titanium, pyrites, nickel, fish, timber, hydro power
Capital: Oslo
Political System: Constitutional Monarchy
State Leader: Harald V (January 17th 1991)
Head of Government: Erna Solberg (October 16th 2013)
Languages: Bokmal Norwegian, Nynorsk Norwegian
Currency: Norwegian Krone (NOK)
Major Religions: Church Of Norway 85.7%, Pentecostal 1%, Roman Catholic 1%, Other Christian 2.4%, Muslim 1.8%, Other 8.1%
Major Ethnicities: Norwegian 94.4%, Other European 3.6%, Other 2%
Life Expectancy: 81.6 years (2014), 80.44 years (2013)


GDP Official Exchange Rate: 515.8 billion (2013), 501.1 billion (2012)
GDP Purchasing Power Parity: 282.2 billion (2013), 281.7 billion (2012)
GDP Per Capita (PPP): 55,400 (2013), 55,900 (2012)
GDP Growth Rate: 1.6% (2013), 3% (2012)
GDP Structure: Agriculture 1.2%, Industry 42.3%, Services 56.5% (2013)
Labour Force By Occupation: Agriculture 2.2%, Industry 20.2%, Services 77.6% (2012)
Industries: Petroleum and gas, food processing, shipbuilding, pulp and paper products, metals, chemicals, timber, mining, textiles, fishing
Agriculture Products: Barley, wheat, potatoes; pork, beef, veal, milk; fish
Human Development Index: 0.944 (1st)(2014), 0.955 (1st)(2013)
Tourism Revenue: 3.4 billion (2004)
Unemployment Rate: 3.6% (2013), 3.2% (2012)

MilitaryNorway Map

Army Size: 25 800 (2004)
Budget: 1.9% of GDP (2005)

Current Situation


Norway is located in Northern Europe. Norway is bordered by Finland, Russia and Sweden. Norway's GDP per capita is one of the highest in the world. Norway's economy benefits from abundant natural resources, notably petroleum which amounts for approximately 20% of GDP. The government is doing a great job in using the revenues from the oil industry and investing it in other sectors and into pension plans, in order to sustain such a high income society.

(2014) Norway elected a new center-right government in 2013 led by Erna Solberg, however policies are not expected to change much. Norway's economy grew at a steady rate, however the price of oil has dropped dramatically in 2014 and this should have a negative impact in the short term.

Thoughts & Comments



CIA World Factbook: Norway
The Economist: The World In 2014
Wikipedia: Norway

Updated on: November 17th, 2014