PESTLE Insights: Norway - Macroeconomic Outlook Report

PESTLE Insights: Norway - Macroeconomic Outlook Report


Financial intermediation, real estate and business activities contributed 16.9% to gross value added (GVA) in 2019, followed by mining, manufacturing and utilities (10.0%), and wholesale, retail and hotels (9.4%), according to GlobalData. In nominal terms, the three sectors are expected to grow by 3.9%, 3.6% and 3.6%, respectively, in 2020.

Four major regions in Norway generated 31.% of the country’s GDP and comprised 29.3% of the country’s population, as of 2018

FDI inflows have been witnessing a declining trend during the past four years (2014–2017), with mining and quarrying as the major FDI recipient sector

The overall OSEAX (Oslo Bors All–Share Index) exhibited an increasing trend over the last year. As of December 23, 2019, the OSEAX stood at 1,035.7, compared to 905.1 on December 21, 2018.


  • The government plans to allocate NOK75.4bn (US$8.3bn) to transportation infrastructure in 2020
  • Norway’s rank improved from 22nd in 2016 to 21st in 2018 (out of 160 countries) in the World Bank’s Logistics Performance Index (LPI)
Reasons to buy
  • 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.

List of Exhibits
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 terms of its 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 (2015-2022f)
Exhibit 6: FDI Position (2013-2017), and FDI by Industry (2014-2017)
Exhibit 7: FDI by Country (2017) and FDI by Region (2017)
Exhibit 8: Key Infrastructure Indicators
Exhibit 9: Real GDP and Household Consumption Growth Rate (2015-2022f)
Exhibit 10: Real GDP Growth Rate Comparison (2018)
Exhibit 11: Export, Import and Trade Balance (2015-2022f)
Exhibit 12: Current Account Balance (2015-2022f)
Exhibit 13: Top Three Commodity Exports, % of Total Exports (2015-2018)
Exhibit 14: Mineral Fuels, Mineral Oils and Products of their Distillation, % Share of World’s Total (2018)
Exhibit 15: Interest Rates (December 2012 - December 2019)
Exhibit 16: Exchange Rate (2015-2022f)
Exhibit 17: Public Finance (2015-2022f)
Exhibit 18: General Government Debt (2015-2022f)
Exhibit 19: Employment/Unemployment (2015-2022f)
Exhibit 20: Average Annual Wages (2015-2022f)
Exhibit 21: Labor Cost Index (2015-2022f)
Exhibit 22: Rural/Urban Share of Total Population (1995, 2005, 2015, 2025)
Exhibit 23: Age-group Share of Total Population (2005, 2015, 2025)
Exhibit 24: Gender Split (1995, 2005, 2015, 2025)
Exhibit 25: Internet Users as a Percentage of the Total Population, Mobile Penetration Rate and Broadband Penetration Rate (2018)
Exhibit 26: Number of Patents Granted Per Million Population (2018)
Exhibit 27: High-Technology Exports (% Of Manufactured Exports) (2018)
Exhibit 28: Doing Business in Norway 2020
Exhibit 29: Corruption Perception Index (Rankings) (2018)
Exhibit 30: CO2 Emissions (2012-2017)

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