Norway: In-depth PESTLE Insights

This PEST country analysis report on Norway provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.

Key Highlights

- The political landscape section discusses the evolution of the political scenario in Norway, as well as the country's economic, social, foreign, and defense policies. The section also discusses the country's performance according to World Bank Governance Indicators.

- The economic landscape section outlines the evolution of Norway's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment."

- The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education.

Scope

- Understand the political system in Norway through analysis of key figures in the country and governance indicators.

- Understand the economic situation in Norway through a balanced assessment of core macroeconomic issues.

- Understand customer demographics in Norway through analysis of income distribution and the rural-urban split, as well as healthcare and education.

- Understand the technological landscape in Norway through analysis of relevant laws and policies, as well as patents data.

Reasons to buy

- What is the outlook in Norway in terms of political stability, policies towards business, and the popularity of the government?

- How does Norway perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment?

- How does Norway perform in terms of healthcare, income distribution, and education?

- How does Norway perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends?

Table of Contents

Table of Contents

Overview 2

Catalyst 2

Summary 2

Key findings 2

PESTLE highlights 5

Key fundamentals 6

Key Facts and Geographic Location 13

Key ...

Table of Contents

Overview 2

Catalyst 2

Summary 2

Key findings 2

PESTLE highlights 5

Key fundamentals 6

Key Facts and Geographic Location 13

Key facts 13

Geographic location 14

PESTLE Analysis 15

Summary 15

Political analysis 16

Overview 16

Current strengths 16

Current challenges 16

Future prospects 17

Future risks 17

Economic analysis 18

Overview 18

Current strengths 18

Current Challenge 18

Future prospects 20

Future risks 20

Social analysis 23

Overview 23

Current strengths 23

Current challenges 25

Future prospects 26

Future risks 26

Technological analysis 28

Overview 28

Current strengths 28

Current challenges 28

Future prospects 29

Future risks 29

Legal analysis 31

Overview 31

Current strengths 31

Current challenges 32

Future prospects 32

Future risks 33

Environmental analysis 34

Overview 34

Current strengths 34

Current challenges 34

Future prospects 35

Political Landscape 36

Summary 36

Evolution 36

Structure and policies 38

Key political figures 38

Structure of government 38

Structure of legislature 39

Key policies 40

Economic 40

Social 41

Foreign 41

Defense 42

Performance 42

Governance indicators 42

Outlook 43

Economic Landscape 44

Summary 44

Evolution 44

Structure and policies 45

Financial system 45

Financial authorities and regulators 46

Government Pension Fund – Global 46

Performance 46

GDP and growth rate: overview 46

GDP composition by sector 48

Fiscal situation: overview 52

External situation 52

International investment position 53

Key monetary indicators 54

Outlook 56

Social Landscape 57

Summary 57

Evolution 57

Structure and policies 58

Demographic composition 58

Education 59

Healthcare 60

Social welfare 60

Performance 60

Healthcare 60

Income distribution 61

Education 61

Outlook 62

Technological Landscape 63

Summary 63

Evolution 63

Structure and policies 63

Intellectual property 63

Science, Technology and Innovation 63

Performance 64

Intellectual property 64

Opportunity sectors 64

Outlook 65

Legal Landscape 66

Summary 66

Evolution 66

Structure and policies 66

Judicial system 66

Tax regulations 67

Trade regulations 67

Performance 68

Effectiveness of the legal system 68

Outlook 68

Environmental Landscape 69

Summary 69

Evolution 69

Structure and policies 69

Environmental regulations 69

Performance 70

Environmental impact 70

Outlook 71

Appendix 72

ISO codes of selected countries 72

Ask the analyst 73

About MarketLine 73

Disclaimer 73

List of Tables

List of Tables

Table 1: Norway – Key Fundamentals, 2015–2022f 6

Table 2: Norway – Key Facts, 2018 13

Table 3: Analysis of Norway’s Political ...

List of Tables

Table 1: Norway – Key Fundamentals, 2015–2022f 6

Table 2: Norway – Key Facts, 2018 13

Table 3: Analysis of Norway’s Political Landscape 16

Table 4: Analysis of Norway’s Economic Landscape 18

Table 5: Analysis of Norway’s Social Landscape 23

Table 6: Analysis of Norway’s Technology Landscape 28

Table 7: Analysis of Norway’s Legal Landscape 31

Table 8: Analysis of Norway’s Environmental Landscape 34

Table 9: Mid-year Population by Age, as of Gender (Percentage), 2017 58

Table 10: Patents Granted by USPTO, 2010–15 64

List of Figures

List of Figures

Figure 1: Map of Norway 14

Figure 2: Labor Productivity Growth Trend, 2000–2016 19

Figure 3: Unit Labor Cost per Employed Persons ...

List of Figures

Figure 1: Map of Norway 14

Figure 2: Labor Productivity Growth Trend, 2000–2016 19

Figure 3: Unit Labor Cost per Employed Persons (2010=100), 2017 19

Figure 4: General Government Financial Wealth - 2017 20

Figure 5: Household Debt - 2017 22

Figure 6: Better Life Index - 2016 24

Figure 7: Labor Force Participation Rate of Women in OECD Countries, 2017 25

Figure 8: Hours Worked per Workers, 2017 27

Figure 9: Business R&D Expenditure as % of the Gross Domestic Expenditure on R&D, 2005 and 2015 30

Figure 10: Average Tax Wedge (one earner married couple with two children), 2017 32

Figure 11: Norway – Political Events Timeline 37

Figure 12: Norway – Key Political Figures 38

Figure 13: Distribution of Seats by Political Parties in Norway's 2017 Elections 40

Figure 14: Evolution of GDP Growth in Norway, 2006–2017 45

Figure 15: GDP and GDP Growth Rate of Norway, 2012–22f 47

Figure 16: Sector-specific GDP in Norway, 2017 48

Figure 17: Agricultural Output in Norway, 2012-17 49

Figure 18: Industrial Output in Norway, 2012-17 50

Figure 19: Services Output in Norway, 2012-17 51

Figure 20: Norway’s External Trade Position, 2011–16 53

Figure 21: CPI and CPI-based Inflation in Norway, 2012–22f 54

Figure 22: Unemployment in Norway, 2012–22f 56

Figure 23: Major Religions in Norway, 2017 59

Figure 24: Total Healthcare Expenditure in Norway, 2009-17 61

Figure 25: Public Education Expenditure in Norway, 2011–16 62

Figure 26: Internet Users in Norway, 2012-16 65

Figure 27: Carbon Dioxide Emissions in Norway, 2008–15 71

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