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Norway - ECONOMIC INDICATORS
Economic forecasts - General economic indicators - Investments - Foreign Trade


Economic forecasts


 
Indicators
2005
2006
GDP (USD billion)
294.572  
313.706  
Real GDP growth (constant prices)
3.1 % 
3.3 %
GDP per capita (USD)
63794.623  
67587.161  
Inflation rate
1.4 % 
2.1 % 
Source : IMF - 2005 data


General economic indicators

Indicators 2002 2003 2004
GDP (USD billion) 190.7   220.9   250.2  
Real GDP growth (constant prices) 1.4 % 0.4 % 2.9 %
GDP per capita (USD) 38303   3826   39198  
Inflation rate 1.3 % 2.5 % 0.5 %
Unemployment rate 3.9%   4.4%   4.4%  
External debt (USD billion) ..   ..   ..  
Norway Kroner rate on 12/31 (1 US$)   6.9574   6.7112   6.0881  
Sources : IMF - 2005 data, World bank, Oanda


GDP per activity sector 2002 2003 2004
Agriculture and fishing 1.7%   1.5%   ..  
Industry and mining 37.9%   37.5%     ..  
Services 60.4%   61.0%     ..  
Sources : World bank


Investments


FDI inflows (USD million) 2002 2003 2004 World rank
Foreign Direct Investments (F.D.I.) 677   3801   2159   38 / 197
Source : UNCTAD "World Investment Report 2005 "


Foreign Trade


General indicators


Indicators (USD billion) 2002 2003 2004
Imports of goods (f.o.b.) 35.3   40.8   49.4  
Export of goods (f.o.b) 59.6   69.1   83.0  
Trade balance 24.3   28.3   33.6  
Balance of payments 24.5   28.3   34.4  
Sources : World bank, IMF


Indicators 2002 2003 2004
Share of foreign trade in GDP 68.5%   69.1%   ..  
Share of imports in GDP 27.4%   27.7%   ..  
Share of exports in GDP 41.2%   41.3%   ..  
Imports of goods and services (percent change) 2.3%   2.2%   ..  
Exports of goods and services (percent change) 0.1%   1.2%   ..  
Sources : World bank, IMF


Trade in goods/services by major category


2003 Imports Exports
Total Trade in Goods (USD billion):     40.8     69.1    
Agricultural raw materials 2%   1%  
Food products 8%   6%  
Hydrocarbons 4%   61%  
Manufactured products (chemicals, machines,...) 80%   21%  
Ores and metals 5%   7%  
Other goods 1%   4%  


2003 Imports Exports
Total Trade in Services (USD billion): 20   22  
Transport 36%   57%  
Tourisme 33%   12%  
Other services (insurance, financial services, telecommunications,...) 31%   31%  
Source : World Bank


Trade Data, by HS Code :
Source : www.intracen.org, last available data


Trade by partner countries



Main clients
(% of exports)
2004
United Kingdom   22.6%  
Germany   13.2%  
Netherlands   10.2%  
France   8.8%  
USA   7.7%  

Main suppliers
(% of imports)
2004
Sweden   15.7%  
Germany   13.6%  
Denmark   7.3%  
United Kingdom   6.5%  
China   5%  
Source : COMTRADE


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Last modified in October 2005
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