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)
Inflation of Norway
Unemployment3.60 % (2013)3.20 % (2012)3.30 % (2011)
Unemployment of Norway
GDP - Official Exchange Rate516 Billion $ (2013)493 Billion $ (2012)491 Billion $ (2011)
GDP - Official Exchange Rate of Norway
GDP growth rate1.60 % (2013)3.00 % (2012)1.50 % (2011)
GDP growth rate of Norway
GDP per Capita (PPP)55,400 $ (2013)54,400 $ (2012)54,300 $ (2011)
GDP per Capita (PPP) of Norway
GDP - Purchasing Power Parity282 Billion $ (2013)274 Billion $ (2012)270 Billion $ (2011)
GDP - Purchasing Power Parity of Norway
GDP PPP per land area872 Thousand $ per square kilometer (2013)847 Thousand $ per square kilometer (2012)834 Thousand $ per square kilometer (2011)
GDP PPP per land area of Norway
ElectricityBanking
Central bank discount rate6.25 % (2010)1.75 % (2009)4.00 % (2008)
Central bank discount rate of Norway
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 arrivals of Norway
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
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 (Total) of Norway
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)
External Debt per Capita of Norway