Norway

[vc_row][vc_column width=”1/2″][vc_column_text]

Norway

We offer a data-driven country report for Norway that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Norway.[/vc_column_text][vc_column_text]

Its population in 2018 was 5,353,363 [1]

In 2015, 57.77% of its total energy
consumption was renewable [2]

In 2021, its GDP grew by 3.92% [2]

In 2021 it had a positive Current
Account Balance of US$bn 74.05 [3]

Its unemployment rate in 2021 was 4.41% [3]

Its Expenditure on R&D (as a percentage of
GDP) in 2020 was 2.28% [2]

A Big Mac will set you back the
local equivalent of US$5.86 [4]

[/vc_column_text][vc_column_text]


What free trade areas or economic unions is it a member of?

Member of the European Free Trade Association (EFTA) since 03/05/1960

Other members:

Iceland, Liechtenstein, Switzerland


What trade deals are there between European Free Trade Association and other countries and economic unions?

EFTA - Türkiye Free Trade Agreement (from 01/04/1992)

EFTA - Israel Free Trade Agreement (from 01/01/1993)

European Single Market (SM) (from 01/01/1993)

EFTA - Morocco Free Trade Agreement (from 01/07/1999)

EFTA - Palestinian Authority Free Trade Agreement (from 01/07/1999)

EFTA - Mexico Free Trade Agreement (from 01/07/2001)

EFTA - North Macedonia Free Trade Agreement (from 01/05/2002)

EFTA - Jordan Free Trade Agreement (from 01/09/2002)

EFTA - Singapore Free Trade Agreement (from 01/01/2003)

EFTA - Chile Free Trade Agreement (from 01/12/2004)

EFTA - Tunisia Free Trade Agreement (from 01/07/2005)

SACU - EFTA free trade agreement (from 01/07/2006)

EFTA - Korea, Republic of Free Trade Agreement (from 01/10/2006)

EFTA - Lebanon Free Trade Agreement (from 01/07/2007)

EFTA - Egypt Free Trade Agreement (from 01/08/2007)

EFTA - Canada Free Trade Agreement (from 01/07/2009)

EFTA - Albania Free Trade Agreement (from 01/10/2011)

EFTA - Serbia Free Trade Agreement (from 01/10/2011)

EFTA - Peru Free Trade Agreement (from 01/07/2012)

EFTA - Hong Kong, China Free Trade Agreement (from 01/11/2012)

EFTA - Montenegro Free Trade Agreement (from 01/11/2012)

EFTA - Gulf Cooperation Council (GCC) Free Trade Agreement (from 01/07/2014)

EFTA - Gulf Cooperation Council free trade agreement (from 01/07/2014)

EFTA - Central America Free Trade Agreement (from 05/09/2014)

EFTA - Colombia Free Trade Agreement (from 01/10/2014)

EFTA - Bosnia and Herzegovina Free Trade Agreement (from 01/01/2015)

EFTA - Georgia Free Trade Agreement (from 01/05/2018)

EFTA - Philippines Free Trade Agreement (from 01/06/2018)

EFTA - Ecuador free trade agreement (from 01/11/2020)

EFTA - Indonesia free trade agreement (from 01/11/2021)

[/vc_column_text][vc_column_text]
What trade deals are there with other countries and economic unions?

Faroe Islands - Norway free trade agreement (from 01/07/1993)

UK - Norway, Iceland, and Liechtenstein free trade agreement (from 01/01/2021)

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]

CBI on Europe: Half-Way Houses Won’t Work for the UK

The CBI is calling for the debate on Europe to focus on credible options for the UK’s future relationship with the EU, warning that half-way house models such as Norway
Read more

Revenue Watch: 4 out of 5 Companies Fail in Good Governance

The Resource Governance Index (RGI) measures the quality of governance in the oil, gas and mining sector of 58 countries. From highly ranked countries like Norway, the United Kingdom and
Read more

Gro Harlem Brudtland: Doctor, Politician and Our Hero

Born in 1939 to an Oslo family in which politics and medicine were part and parcel of daily life, Dr. Gro Harlem Brundtland, has been Director General of the World
Read more

Norway’s Prime Minister Jens Stoltenberg: Need to see Renewed Growth in the EU

On Monday Dec 10th Norway’s Prime Minister Jens Stoltenberg hosted a working lunch for EU leaders who will be in Oslo to attend the Nobel Peace Prize Award Ceremony. The
Read more
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_column_text]

Trade with the United Kingdom

Source: UK Office for National Statistics, October 2022.

Contains public sector information licensed under the Open Government Licence v3.0.

[/vc_column_text][/vc_column][vc_column width=”1/3″][/vc_column][/vc_row]
CFI

Published by
CFI
5 years ago

Recent Posts

UK Inflation Rate

[vc_row][vc_column][vc_column_text] UK inflation rate - Consumer Price Index including owner occupiers’ housing costs (CPIH) A…

5 years ago

UK Global Trade By Country – Imports (million £)

[vc_row][vc_column][vc_column_text] UK Global Trade By Country - Imports (million £) [/vc_column_text][vc_column_text][/vc_column_text][vc_column_text]Source: UK Office for National…

5 years ago

UK Global Trade By Country – Exports (million £)

[vc_row][vc_column][vc_column_text] UK Global Trade By Country - Exports (million £) [/vc_column_text][vc_column_text][/vc_column_text][vc_column_text]Source: UK Office for National…

5 years ago

Total Investment by Country (percent of GDP)

[vc_row][vc_column][vc_column_text] Total Investment by Country from 2012 to 2021 (percent of GDP) Total investment is…

5 years ago

Foreign Direct Investment (FDI) net inflows by country from 2013 to 2020 (percent of GDP)

[vc_row][vc_column][vc_column_text] Foreign Direct Investment (FDI) net inflows by country from 2013 to 2020 (percent of…

5 years ago

Imports of Goods and Services by Country (percent of GDP)

[vc_row][vc_column][vc_column_text] Imports of goods and services from 2013 to 2021 (percent of GDP) Imports of…

5 years ago