Market Research In Norway

Norway Profile:

  • Norway, officially the Kingdom of Norway, is a sovereign state and unitary monarchy. Norway has an extensive coastline, facing the North Atlantic Ocean and the Barents Sea.
  • Norway has extensive reserves of petroleum, natural gas, minerals, lumber, seafood, fresh water, and hydropower.
  • The country maintains a combination of market economy and a Nordic welfare model with universal health care and a comprehensive social security system.
  • Norway has the world’s largest sovereign wealth fund, highest Human Development Index ranking in the world since 2009, highest inequality-adjusted ranking. Norway ranks first on the World Happiness Report, the OECD Better Life Index, the Index of Public Integrity, and the Democracy Index.
  • The government has expressed a willingness to increase public spending from the sovereign wealth fund to help prevent a recession.

Norway Economy:

  • Norway has a stable economy with a vibrant private sector, a large state sector, and an extensive social safety net.
  • The country has the fourth-highest per capita income in the world on the World Bank and IMF lists.
  • Lower oil prices in 2015 and 2016 caused growth to slow, increased unemployment, and weakened the Norwegian krone.
  • In anticipation of eventual declines in oil and gas production, Norway saves state revenue from petroleum sector activities in the world’s largest sovereign wealth fund, valued at almost $900 billion as of early 2017.
  • The petroleum sector provides about 9% of jobs, 12% of GDP, 13% of the state’s revenue, and 37% of exports, according to official national estimates.

Norway Facts:

  • Population: 5.3 million
  • Capital: Oslo
  • Largest city: Oslo
  • Area: 323,802 sq km
  • Major language: Bokmal Norwegian (official), Nynorsk Norwegian (official), small Sami- and Finnish-speaking
  • Major religion: Church of Norway (Evangelical Lutheran – official) 71.5%, Roman Catholic 2.8%, other Christian 3.9%, Muslim 2.8%, other 2%
  • Life expectancy: 79.8 years (Male), 84 years (Female)
  • Monetary unit: 1 Norwegian Krone(NOK) = 100 Øre
  • Main exports: Petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish
  • GNI per Capita: $62,550

Our Market Research Services in Norway:

We Employ A Wide Range of Research Techniques in Norway:

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