Economy of Norway

Imports

Imports commoditiesmachinery and equipment, chemicals, metals, foodstuffs

Import partnersSweden 13.6%, Germany 12.4%, China 9.3%, Denmark 6.3%, UK 6.1%, US 5.4% (2012)

Exports

Exports commoditiespetroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish

Export partnersUK 25.6%, Germany 12.6%, Netherlands 12%, France 6.7%, Sweden 6.3%, US 5% (2012)

Economy sectors

Agriculture productsbarley, wheat, potatoes; pork, beef, veal, milk; fish

Industrial productspetroleum and gas, food processing, shipbuilding, pulp and paper products, metals, chemicals, timber, mining, textiles, fishing

Economy

Unemployment Rate (not seasonally adjusted)3.20 % (2013-10)3.40 % (2013-09)3.50 % (2013-08)3.70 % (2013-07)3.50 % (2013-06)3.60 % (2013-05)

Unemployment Rate (not seasonally adjusted) of Norway

Unemployment Rate (seasonally adjusted)3.30 % (2014-04)3.30 % (2014-03)3.50 % (2014-02)3.50 % (2014-01)3.70 % (2013-12)3.50 % (2013-11)3.30 % (2013-10)3.40 % (2013-09)3.50 % (2013-08)3.60 % (2013-07)3.40 % (2013-06)3.50 % (2013-05)

Unemployment Rate (seasonally adjusted) of Norway

Reserves of foreign exchange and gold51.9 Billion $ (2012)49.4 Billion $ (2011)52.8 Billion $ (2010)

Reserves of foreign exchange and gold of Norway

Harmonized Indices of Consumer Prices1.60 Percentage change m/m-12 (2014-05)1.50 Percentage change m/m-12 (2014-04)1.80 Percentage change m/m-12 (2014-03)1.90 Percentage change m/m-12 (2014-02)2.10 Percentage change m/m-12 (2014-01)1.80 Percentage change m/m-12 (2013-12)2.30 Percentage change m/m-12 (2013-11)2.30 Percentage change m/m-12 (2013-10)2.60 Percentage change m/m-12 (2013-09)3.30 Percentage change m/m-12 (2013-08)2.80 Percentage change m/m-12 (2013-07)

Harmonized Indices of Consumer Prices of Norway

Inflation1.90 % (2013)0.70 % (2012)1.30 % (2011)

Unemployment3.60 % (2013)3.20 % (2012)3.30 % (2011)

GDP - Official Exchange Rate516 Billion $ (2013)493 Billion $ (2012)491 Billion $ (2011)

GDP growth rate1.60 % (2013)3.00 % (2012)1.50 % (2011)

GDP per Capita (PPP)55,400 $ (2013)54,400 $ (2012)54,300 $ (2011)

GDP - Purchasing Power Parity282 Billion $ (2013)274 Billion $ (2012)270 Billion $ (2011)

GDP PPP per land area872 Thousand $ per square kilometer (2013)847 Thousand $ per square kilometer (2012)834 Thousand $ per square kilometer (2011)

Electricity

Electricity - installed generating capacity30.2 Million kW

Banking

Central bank discount rate6.25 % (2010)1.75 % (2009)4.00 % (2008)

Commercial bank prime lending rate0.00 % (2013)3.70 % (2012)4.40 % (2011)

Commercial bank prime lending rate of Norway

GDP decomposition by sector

Agriculture % of GDP1.20 % (2013)1.20 % (2012)

Industry % of GDP42.3 % (2013)42.5 % (2012)

Services % of GDP56.5 % (2013)56.3 % (2012)

Tourism

International tourism, number of arrivals4.96 Million (2011)4.77 Million (2010)4.35 Million (2009)

International tourism, number of departures3.40 Million (2007)3.24 Million (2006)3.17 Million (2005)

International tourism, number of departures of Norway

Yearly Tourist arrivals to residents ratio106 % (2011)97.5 % (2010)90.0 % (2009)

Yearly Tourist arrivals to residents ratio of Norway

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)30.1 % of GDP (2013)29.1 % of GDP (2012)33.8 % of GDP (2011)

Public debt (Percentage of GDP) of Norway

Budget surplus (+) or deficit (-)14.0 % of GDP

Current Account Balance (Percentage of GDP)14.5 % of GDP (2012)13.5 % of GDP (2011)11.9 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Norway

Current Account Balance (Total)67.4 Billion $ (2013)71.9 Billion $ (2012)70.3 Billion $ (2011)

Current Account Balance (Total) of Norway

External Debt (Total)721 Billion $ (2012)645 Billion $ (2011)476 Billion $ (2008)

External Debt (Percentage of GDP)146 % of GDP (2012)131 % of GDP (2011)105 % of GDP (2008)

External Debt (Percentage of GDP) of Norway

External Debt per Capita153 Thousand $ (2012)137 Thousand $ (2011)99,807 $ (2008)