PESTLE Insights: Macroeconomic Outlook Report - Norway
Financial intermediation, real estate and business activities contributed 17.6% to the gross value added (GVA) in 2017, followed by mining, manufacturing and utilities (10.2%), and wholesale, retail and hotels (9.7%). In nominal terms, the three sectors are expected to grow by 6.3%, 4.5% and 5.8%, respectively, in 2018.
Over 2018-2029 period, the Norwegian government plans to develop infrastructure by spending NOK1,064 bn (US$128.6 bn) on roads, shipping, railways, aviation, and public transport.
Reasons to buy
- Four major regions in Norway generate around 52.8% of the country’s GDP and comprise 27.5% of the country’s population
- FDI inflows towards Norway has been witnessing a declining trend over the past three years, with mining and quarrying as the major FDI recipient sector
- As per the Global Competitiveness Index 2017-2018, Norway’s infrastructure ranked 11th out of total 137 nations.
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
- Did you Know?
- Country Highlights
- Country Snapshot
- PESTLE Insights
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- List of Figures
- Exhibit 1: Norway’s Performance in the Country Risk Analysis in Comparison to West Europe and the World
- Exhibit 2: Performance Overview (Score: 1-100)
- Exhibit 3: Broad Categories and Weights behind the Index
- Exhibit 4: OSEAX Index
- Exhibit 5: Key Sectors Contribution to the Economy
- Exhibit 6: Total FDI Inflows (2016), FDI by Industry (2016), and FDI by Leading Industries (2014-2016)
- Exhibit 7: Investment by Region (2016) and FDI by Leading Geographies (2014-2016)
- Exhibit 8: Key Infrastructure Indicators
- Exhibit 9: Real GDP and Household Consumption Growth Rate
- Exhibit 10: Real GDP Growth Rate Comparison (2017)
- Exhibit 11: Export, Import and Trade Balance
- Exhibit 12: Current Account Balance
- Exhibit 13: Top Three Commodity Exports, % of Total Exports, 2013-2017
- Exhibit 14: Mineral Fuels, Mineral Oils and Products of their Distillation, % Share in World’s Total, 2017
- Exhibit 15: Interest Rates
- Exhibit 16: Exchange Rate
- Exhibit 17: Public Finance
- Exhibit 18: General Government Debt
- Exhibit 19: Employment/Unemployment
- Exhibit 20: Average Annual Wages
- Exhibit 21: Labour Cost Index
- Exhibit 22: Rural/Urban Share of Total Population
- Exhibit 23: Age-group Share of Total Population
- Exhibit 24: Gender Split
- Exhibit 25: Internet Users % of Total Population, Mobile Penetration Rate and Broadband Penetration Rate, 2017
- Exhibit 26: Number of Patents Granted Per M Inhabitants, 2015
- Exhibit 27: Business Enterprise R&D Expenditure by Source of Funds, 2012-16
- Exhibit 28: Doing Business in Norway 2019
- Exhibit 29: Corruption Perception Index (Rankings) 2017
- Exhibit 30: CO2 Emissions