Norway is one of the wealthiest nations in the world
Norway has an exceptionally high GDP per capital
Unemployment in Norway is generally very low
Norway has one of the highest life expectancies
Strong Points of Norway
- Norway has a very strong economy and encouraging prospects of development.
- The high value-added sector of information and communication technologies is, for example, very well developed.
- The public sector is well organised (around a sovereign fund in surplus that can intervene at any time in the economy) and the country has high quality infrastructure.
- The workforce is highly skilled, multilingual and has one of the highest purchasing powers in the world.
- As can be seen from its eighth spot in the World Bank ranking of countries where it is easier to do business (Doing Business Norway 2018), the business environment in Norway is very positive and stable.
- The banking and financial sectors as well as the fiscal and legal framework are also very robust.
- The country's political environment is democratic, healthy and transparent.
In conclusion, even if the domestic market is small (over-indebtedness of households and small population), Norway is an interesting base for pilot tests of innovative high-cost products and also for export operations in the Nordic countries' markets, Baltic Sea and Western Russia.
Norway is a large oil and gas exporter
The country has saved up much of its oil and gas income. They have set up a huge fund: the Government Pension Fund Global, usually referred to as "the oil fund". The fund is the largest sovereign wealth fund in the world. It is worth around 200.000 euros per Norwegian.