Norway

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Economic Indicators

Economic forecasts - General economic indicators - Investments - Foreign trade

Economic forecasts

Indicators 2007 2008
GDP (USD billion) 369.252 392.814
GDP (constant prices, annual % change) 3.5 3.8
GDP per capita (USD) 79 154 83 702
Inflation rate (consumer prices, annual % change) 0.8 2.5

Source : IMF - World Economic Outlook Database

General economic indicators

Indicators 2004 2005 2006
GDP (USD billion)(1) 258.986 301.735 335.856
GDP (constants prices, annual % change)(1) 3.9 2.7 2.8
GPD per capita (USD)(1) 56344.176 65509.211 72429.554
Inflation (consumer prices, annual % change)(1) 0.4 1.6 2.3
Unemployment rate (%)(2) 4.5 4.6 3.4
External debt (USD billion)(3) 3869.887 3472.451 ..
Official exchange rate per USD (period average)(3) 6.740833 6.4425 6.413333

Source : (1) IMF - World Economic Outlook Database,
(2) ILO - Key Indicators of the Labour Market, (3) World Bank - World Development Indicators

GDP per activity sector 2004 2005 2006
Agriculture and fishing (%) 1.59 1.60
Industry and mining (%) 40.31 43.35
Services (%) 58.09 55.06

Source : World Bank - World Development Indicators

Investments

Foreign Direct Investments 2004 2005 2006 World rank (*)
2006
FDI inflows (USD million) 2,544 6,391 5,906 100/141

Source : UNCTAD - World Investment Report
Note : (*) World Rank = UNCTAD Inward FDI Performance Index.
It is a measure of the extend to which a host country receives inward FDI relative to its economic size.
It is calculated as a ratio of the country's share in global FDI inflows to its share in global GDP.

Foreign Trade

General indicators

Indicators (USD billion) 2004 2005 2006
Imports of goods 49.03 54.49 62.92
Exports of goods 83.16 104.18 122.12
Trade balance 34.13 49.69 59.20
Current account 33.00 46.56 56.07

Source : World Bank - World Development Indicators

Indicators (%) 2004 2005 2006
Share of foreign trade in GDP 71.2 73.3
Share of imports of goods and services in GDP 28.5 28.1
Share of exports of goods and services in GDP 42.7 45.3
Imports of goods and services (annual % change) 8.9 7.4
Exports of goods and services (annual % change) 0.6 0.7

Source : World Bank - World Development Indicators

Trade in goods/services by major category

2005 Imports Exports
Total Trade in Goods (USD billion): 54.49 104.18
Agricultural raw materials 1.8 0.6
Food products 7.2 5.6
Hydrocarbons 4.4 63.6
Manufactured products (chemicals, machines,...) 79.9 18.7
Ores and metals 6 7.1

Source : World Bank - World Development Indicators

2005 Imports Exports
Total Trade in Services (USD billion): 22.9 25.4
Transport 34.7 56.8
Tourism 36.6 11.6

Source : World Bank - World Development Indicators

Trade Data, by HS Code
Import Statistics Export Statistics

Source : www.intracen.org, last available data

Trade by partner countries

Main Customers
(% of exports)
 
United Kingdom 26,00%
Germany 11,80%
Netherlands 10,10%
France 8,10%
Sweden 6,10%
Main suppliers
(% of imports)
 
Sweden 15,00%
Germany 13,50%
Denmark 6,90%
United Kingdom 6,40%
China 5,70%

Source : Comtrade, 2006.

Export Entreprises SA
Last update : January 2008
Next update : October 2008