Business dynamism and sound management of natural resources wealth has helped propel Norway among the highest levels of GDP per capita in the world. Combined with its “Nordic model” ensuring inclusiveness and low inequality, Norway exhibits impressive levels of well-being in many dimensions.

Norway should step up its efforts to boost the job prospects of young people without upper-secondary qualification to further reduce the share of under-30 year-olds who are Not in Employment, Education or Training (NEETs), according to a new OECD report.

This note presents marginal effective tax rates (METRs) that summarise the tax system’s impact on the incentives to make an additional investment in a particular type of savings. By comparing METRs on different types of household savings, we can gain insights into which assets or savings types receive the most favourable treatment from the tax system.

Norway’s law enforcement institutions have demonstrated commitment and ability in combating foreign bribery using a robust legal framework. Its new Penal Code, however, could create obstacles to enforcement by potentially narrowing jurisdiction over foreign bribery committed by Norwegians abroad.

Biographical note of Norway's Permanent Representative to the OECD.

This country note for Norway provides detail on the proportion of CO2 emissions from energy use subject to different effective carbon rates (ECR), as well as on the level and components of average ECRs in each of the six economic sectors (road transport, off-road transport, industry, agriculture and fishing, residential & commercial, and electricity).

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.

Risks That Matter 2018 Country Highlights: Norway

This country note explains how Norway taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

The tax-to-GDP ratio in Norway increased by 0.2 percentage points from 38.8% in 2017 to 39.0% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

This note presents selected findings based on the set of well-being indicators published in How's Life? 2020.

The tax wedge for the average single worker in Norway decreased by 0.1 percentage points from 35.8 in 2018 to 35.7 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Norway had the 21st lowest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

Employment Rate in Norway decreased to 67.90 percent in the fourth quarter of 2019 from 68.60 percent in the third quarter of 2019. Employment Rate in Norway averaged 68.35 percent from 1988 until 2019, reaching an all time high of 71.80 percent in the second quarter of 2008 and a record low of 63 percent in the first quarter of 1993. In Norway, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Norway Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Organisation for Economic Co-operation and Development (OECD) and Norway agreed today to gear up efforts to help developing countries address their domestic resource mobilisation challenges in order to finance the Sustainable Development Goals.

Weapons Sales in Norway decreased to 64 USD Million in 2018 from 153 USD Million in 2017. Weapons Sales in Norway averaged 73.24 USD Million from 1950 until 2018, reaching an all time high of 278 USD Million in 1981 and a record low of 1 USD Million in 1950. Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.

An overview of the long-term care situation in Norway is available here.

Norway is better placed to cope with population ageing than most other countries. But it could still do more to improve incentives and opportunities for people to stay working longer which would help ensure the country’s long-term future, according to a new OECD report.

Improving primary care systems and co-ordination between health services would help Norway meet the changing needs of its healthcare system, as the population ages and hospital stays become shorter, according to a new OECD report.

Norway has an impressive and comprehensive health system, but it is facing several challenges over the coming years. The shift in the need for care from an ageing population will weigh heavily on the Norwegian health care system, demanding for more skilled health care personnel as well as strengthening of community care.

This publication reviews the labour market integration of immigrants and their children in three OECD countries (Austria, Norway and Switzerland) and provides country-specific recommendations. It also includes a summary chapter highlighting common challenges and policy responses. It is the third and last in a series which has covered eleven OECD countries.

Imports from Norway in Turkey decreased to 42868.69 USD THO in March from 47441.03 USD THO in February of 2020. Imports from Norway in Turkey averaged 62447.43 USD THO from 2014 until 2020, reaching an all time high of 113060 USD THO in December of 2014 and a record low of 31261.20 USD THO in June of 2016. This page includes a chart with historical data for Turkey Imports from Norway.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

The Norwegian economy is performing well, generating inclusive growth, strong social mobility and low unemployment. But to ensure future prosperity, Norway must continue with growth-enhancing reforms while ensuring financial stability, according to the OECD’s latest Economic Survey of Norway.

In Norway house prices have risen to high levels, associated with very strong credit growth, in a context of low interest rates. Such a combination was in many countries a contributory factor to the 2008-09 crisis.

Norway has taken some good initiatives to combat money laundering and terrorist financing, but needs to establish overarching policies and strategies, and address significant weaknesses in a number of key areas, according to a new report by the Financial Action Task Force.

Norway’s predominately public and tuition-fee free tertiary education system encourages participation and has high attainment rates. However, challenges in spending efficiency, study times, skills demand, inclusiveness and quality remain.

Norwegian policy gives high priority to supporting rural communities, with support for agriculture receiving particular attention. It is broadly successful in terms of maintaining rural communities, and urban-rural gaps in a range of well-being indicators are comparatively narrow.

Norway puts a high priority on maintaining high levels of well-being in rural communities, many of which are in remote and challenging environments. While it is broadly successful in achieving this goal, it comes at a high price, most notably in the form of substantial support to farmers. Is there a better way?

Norway’s predominately public and tuition-free tertiary education system has encouraged participation and generated high attainment rates. However, few Norwegian universities rank high in international comparisons on the basis of research related and other indicators.

The Norwegian economy is performing well, despite low oil prices. Further reforms will be needed to diversify the economy, improve public spending efficiency and ensure that today’s high levels of income, well-being and equality are passed on to future generations, according to a new report from the OECD.

Business dynamism and sound management of natural resources wealth has helped propel Norway among the highest levels of GDP per capita in the world. Combined with its “Nordic model” ensuring inclusiveness and low inequality, Norway exhibits impressive levels of well-being in many dimensions.

In its latest Economic Survey for Norway , the OECD underscores the importance of policy facilitating transition away from oil-related activities and helping businesses seize opportunities from digitalisation and globalisation, through providing i) macroeconomic and financial stability, and ii) improvements to structural-policy settings.

Norway makes substantial public investment in transport and this has intensified in recent years. There is potentially large economic benefit from such investment, particularly as good transport infrastructure can help Norway’s transition away from oil-related activities.

Norway’s success in maintaining high living standards, low inequality and good progress in gender balance owes much to its business sector.

Imports from Norway in Germany decreased to 883279 EUR Million in February from 961538 EUR Million in January of 2020. Imports from Norway in Germany averaged 181168.88 EUR Million from 1990 until 2020, reaching an all time high of 1543290 EUR Million in April of 2015 and a record low of 294 EUR Million in July of 1990. This page includes a chart with historical data for Germany Imports from Norway.

Norway 10Y Bond Yield was 0.42 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Norway Government Bond 10Y reached an all time high of 13.01 in October of 1988. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Import Prices in Norway increased to 153.50 points in the fourth quarter of 2019 from 147.40 points in the third quarter of 2019. Import Prices in Norway averaged 104.09 points from 1980 until 2019, reaching an all time high of 153.50 points in the fourth quarter of 2019 and a record low of 71.76 points in the first quarter of 1980. In Norway, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates. This page provides - Norway Import Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Norway was last recorded at 92121.40 US dollars in 2018. The GDP per Capita in Norway is equivalent to 729 percent of the world's average. GDP per capita in Norway averaged 60745.07 USD from 1960 until 2018, reaching an all time high of 92121.40 USD in 2018 and a record low of 23183.56 USD in 1960. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides the latest reported value for - Norway GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Export Prices in Norway increased to 145 points in the fourth quarter of 2019 from 142.10 points in the third quarter of 2019. Export Prices in Norway averaged 98.65 points from 1980 until 2019, reaching an all time high of 149.40 points in the third quarter of 2018 and a record low of 57.64 points in the first quarter of 1980. In Norway, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates. This page provides - Norway Export Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Mining in Norway decreased to 1340 NOK Million in the fourth quarter of 2019 from 1361 NOK Million in the third quarter of 2019. GDP From Mining in Norway averaged 1294.89 NOK Million from 1978 until 2019, reaching an all time high of 2071 NOK Million in the second quarter of 2008 and a record low of 668 NOK Million in the fourth quarter of 1982. This page provides - Norway Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Utilities in Norway remained unchanged at 5689 NOK Million in the fourth quarter of 2019 from 5689 NOK Million in the third quarter of 2019. GDP From Utilities in Norway averaged 4944.51 NOK Million from 1978 until 2019, reaching an all time high of 6054 NOK Million in the second quarter of 1989 and a record low of 3107 NOK Million in the first quarter of 1980. This page provides - Norway Gdp From Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports from Norway in Netherlands decreased to 802000 EUR THO in February from 961000 EUR THO in January of 2020. Imports from Norway in Netherlands averaged 987368.01 EUR THO from 2014 until 2020, reaching an all time high of 1372193 EUR THO in August of 2014 and a record low of 563539 EUR THO in September of 2016. This page includes a chart with historical data for Netherlands Imports from Norway.

Home Ownership Rate in Norway decreased to 81.30 percent in 2018 from 81.50 percent in 2017. Home Ownership Rate in Norway averaged 83.49 percent from 2003 until 2018, reaching an all time high of 86.10 percent in 2008 and a record low of 81.30 percent in 2018. This page provides the latest reported value for - Norway Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gross National Product in Norway increased to 919915 NOK Million in the fourth quarter of 2019 from 848825 NOK Million in the third quarter of 2019. Gross National Product in Norway averaged 392135.78 NOK Million from 1978 until 2019, reaching an all time high of 930228 NOK Million in the fourth quarter of 2018 and a record low of 55200 NOK Million in the first quarter of 1978. This page provides - Norway Gross National Income - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Terms of Trade in Norway decreased to 94.46 points in the fourth quarter of 2019 from 96.40 points in the third quarter of 2019. Terms of Trade in Norway averaged 93.90 points from 1980 until 2019, reaching an all time high of 115.90 points in the second quarter of 2006 and a record low of 75.84 points in the first quarter of 1983. In Norway, Terms of Trade (ToT) correspond to the ratio of Price of exportable goods to the Price of importable goods. This page provides - Norway Terms of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Norway scored 78.05 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Norway averaged 22.12 Points from 2007 until 2019, reaching an all time high of 78.94 Points in 2017 and a record low of 5.14 Points in 2011. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Norway Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Exports to Norway in France decreased to 102 EUR Million in March from 144 EUR Million in February of 2020. Exports to Norway in France averaged 323.82 EUR Million from 2014 until 2020, reaching an all time high of 13456 EUR Million in April of 2014 and a record low of 102 EUR Million in March of 2020. This page includes a chart with historical data for France Exports to Norway.

GDP From Construction in Norway increased to 53006 NOK Million in the fourth quarter of 2019 from 52877 NOK Million in the third quarter of 2019. GDP From Construction in Norway averaged 32725.10 NOK Million from 1978 until 2019, reaching an all time high of 53006 NOK Million in the fourth quarter of 2019 and a record low of 21411 NOK Million in the third quarter of 1979. This page provides - Norway Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Manufacturing in Norway increased to 55957 NOK Million in the fourth quarter of 2019 from 55868 NOK Million in the third quarter of 2019. GDP From Manufacturing in Norway averaged 47285.45 NOK Million from 1978 until 2019, reaching an all time high of 59063 NOK Million in the third quarter of 2014 and a record low of 39709 NOK Million in the third quarter of 1991. This page provides - Norway Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.