PESTLE Insights: Norway - Macroeconomic Outlook Report

Four major regions in Norway generate around 52.8% of the country’s GDP and comprise 27.5% of the country’s population

FDI inflows towards Norway has been witnessing a declining trend over the past three years, with mining and quarrying as the major FDI recipient sector

As per the Global Competitiveness Index 2017-2018, Norway’s infrastructure ranked 11th out of total 137 nations

Over 2018-2029 period, the Norwegian government plans to develop infrastructure by spending NOK1,064 bn (US$128.6 bn) on roads, shipping, railways, aviation, and public transport

Scope

- Financial intermediation, real estate and business activities contributed 17.6% to the gross value added (GVA) in 2017, followed by mining, manufacturing and utilities (10.2%), and wholesale, retail and hotels (9.7%).

- In nominal terms, the three sectors are expected to grow by 6.3%, 4.5% and 5.8%, respectively, in 2018.

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.

Companies mentioned

SpareBank

Orkla

DNB

SpareBank

Orkla

DNB

Table of Contents

Table of Contents

Table of Contents 2

List of Exhibits 3

Did you Know? 4

Country Highlights 5

Country Snapshot 7

PESTLE Insights 21

Political ...

Table of Contents

Table of Contents 2

List of Exhibits 3

Did you Know? 4

Country Highlights 5

Country Snapshot 7

PESTLE Insights 21

Political Landscape 22

Economic Landscape 23

Social Landscape 30

Technological Landscape 33

Legal Landscape 36

Environmental Landscape 37

Outlook 39

List of Tables

List of Figures

List of Figures

Exhibit 1: Norway’s Performance in the Country Risk Analysis in Comparison to West Europe and the World 11

Exhibit 2: Performance ...

List of Figures

Exhibit 1: Norway’s Performance in the Country Risk Analysis in Comparison to West Europe and the World 11

Exhibit 2: Performance Overview (Score: 1-100) 11

Exhibit 3: Broad Categories and Weights behind the Index 12

Exhibit 4: OSEAX Index 14

Exhibit 5: Key Sectors Contribution to the Economy 15

Exhibit 6: Total FDI Inflows (2016), FDI by Industry (2016), and FDI by Leading Industries (2014-2016) 16

Exhibit 7: Investment by Region (2016) and FDI by Leading Geographies (2014-2016) 18

Exhibit 8: Key Infrastructure Indicators 20

Exhibit 9: Real GDP and Household Consumption Growth Rate 24

Exhibit 10: Real GDP Growth Rate Comparison (2017) 24

Exhibit 11: Export, Import and Trade Balance 25

Exhibit 12: Current Account Balance 25

Exhibit 13: Top Three Commodity Exports, % of Total Exports, 2013-2017 26

Exhibit 14: Mineral Fuels, Mineral Oils and Products of their Distillation, % Share in World’s Total, 2017 26

Exhibit 15: Interest Rates 28

Exhibit 16: Exchange Rate 28

Exhibit 17: Public Finance 29

Exhibit 18: General Government Debt 29

Exhibit 19: Employment/Unemployment 31

Exhibit 20: Average Annual Wages 31

Exhibit 21: Labour Cost Index 31

Exhibit 22: Rural/Urban Share of Total Population 32

Exhibit 23: Age-group Share of Total Population 32

Exhibit 24: Gender Split 32

Exhibit 25: Internet Users % of Total Population, Mobile Penetration Rate and Broadband Penetration Rate, 2017 34

Exhibit 26: Number of Patents Granted Per M Inhabitants, 2015 35

Exhibit 27: Business Enterprise R&D Expenditure by Source of Funds, 2012-16 35

Exhibit 28: Doing Business in Norway 2019 36

Exhibit 29: Corruption Perception Index (Rankings) 2017 36

Exhibit 30: CO2 Emissions 37

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