Norway PESTLE Insights - A Macroeconomic Outlook Report
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Norway PESTLE Insights A Macroeconomic Outlook Report
Summary
Financial intermediation, real estate and business activities contributed 21.1% to gross value added (GVA) in 2020, followed by mining, manufacturing and utilities (12.3%), and transport, storage and communication (10.7%), according to GlobalData. In nominal terms, the three sectors are expected to grow by 6.9%, 3.9% and 4.7%, respectively, in 2021.
Three major regions in Norway generated 54.1% of the country’s GDP in 2017 (latest available data), and comprised 60.1% of the country’s population, as of 2019
Scope
Summary
Financial intermediation, real estate and business activities contributed 21.1% to gross value added (GVA) in 2020, followed by mining, manufacturing and utilities (12.3%), and transport, storage and communication (10.7%), according to GlobalData. In nominal terms, the three sectors are expected to grow by 6.9%, 3.9% and 4.7%, respectively, in 2021.
Three major regions in Norway generated 54.1% of the country’s GDP in 2017 (latest available data), and comprised 60.1% of the country’s population, as of 2019
Scope
- 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)
- The overall OBX Index exhibited an increasing trend over the last year. As of January 20, 2021, the OBX stood at 894.4, compared to 856.0 on January 20, 2020.
- 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
COVID-19 impact
Country snapshot
PESTLE Insights
Political Landscape
Economic Landscape
Social Landscape
Technological Landscape
Legal Landscape
Environmental Landscape
Outlook
Did you Know?
Country Highlights
COVID-19 impact
Country snapshot
PESTLE Insights
Political Landscape
Economic Landscape
Social Landscape
Technological Landscape
Legal Landscape
Environmental Landscape
Outlook
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: OBX Index
Exhibit 5: Key Sectors’ Contribution to the Economy (2016-2023f)
Exhibit 6: FDI Position (2015-2019), and FDI by Industry (2016-2019)
Exhibit 7: FDI by Country (2016-2019) and FDI by Region (2019)
Exhibit 8: Key Infrastructure Indicators
Exhibit 9: Real GDP and Household Consumption Growth Rate (2016-2023f)
Exhibit 10: Real GDP Growth Rate Comparison (2020e)
Exhibit 11: Exports and Imports Growth (2016-2023f)
Exhibit 12: Current Account Balance (2016-2023f)
Exhibit 13: Top Three Commodity Exports, % of Total Exports (2016-2019)
Exhibit 14: Mineral Fuels, Mineral Oils and Products of their Distillation, % Share of World’s Total (2019)
Exhibit 15: Interest Rates (January 2016 - January 2021)
Exhibit 16: Exchange Rate (2016-2023f)
Exhibit 17: Public Finance (2016-2023f)
Exhibit 18: General Government Debt (2016-2023f)
Exhibit 19: Unemployment (2016-2023f)
Exhibit 20: Average Annual Wages (2016-2019)
Exhibit 21: Labor Cost Index (2016-2019)
Exhibit 22: Rural/Urban Share of Total Population (1995, 2005, 2015, 2025)
Exhibit 23: Age-group Share of Total Population (1995, 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 (2020)
Exhibit 26: Number of Patents Granted Per Million Population (2020)
Exhibit 27: High-Technology Exports (% Of Manufactured Exports) (2019)
Exhibit 28: Doing Business in Norway 2020
Exhibit 29: Corruption Perception Index (Rankings) (2020)
Exhibit 30: CO2 Emissions (2016-2019)
COMPANIES MENTIONED
Orkla
Sparebank
Nordea
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: OBX Index
Exhibit 5: Key Sectors’ Contribution to the Economy (2016-2023f)
Exhibit 6: FDI Position (2015-2019), and FDI by Industry (2016-2019)
Exhibit 7: FDI by Country (2016-2019) and FDI by Region (2019)
Exhibit 8: Key Infrastructure Indicators
Exhibit 9: Real GDP and Household Consumption Growth Rate (2016-2023f)
Exhibit 10: Real GDP Growth Rate Comparison (2020e)
Exhibit 11: Exports and Imports Growth (2016-2023f)
Exhibit 12: Current Account Balance (2016-2023f)
Exhibit 13: Top Three Commodity Exports, % of Total Exports (2016-2019)
Exhibit 14: Mineral Fuels, Mineral Oils and Products of their Distillation, % Share of World’s Total (2019)
Exhibit 15: Interest Rates (January 2016 - January 2021)
Exhibit 16: Exchange Rate (2016-2023f)
Exhibit 17: Public Finance (2016-2023f)
Exhibit 18: General Government Debt (2016-2023f)
Exhibit 19: Unemployment (2016-2023f)
Exhibit 20: Average Annual Wages (2016-2019)
Exhibit 21: Labor Cost Index (2016-2019)
Exhibit 22: Rural/Urban Share of Total Population (1995, 2005, 2015, 2025)
Exhibit 23: Age-group Share of Total Population (1995, 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 (2020)
Exhibit 26: Number of Patents Granted Per Million Population (2020)
Exhibit 27: High-Technology Exports (% Of Manufactured Exports) (2019)
Exhibit 28: Doing Business in Norway 2020
Exhibit 29: Corruption Perception Index (Rankings) (2020)
Exhibit 30: CO2 Emissions (2016-2019)
COMPANIES MENTIONED
Orkla
Sparebank
Nordea