Norway

 

Norway 

Norway is a Northern European country that borders the North Sea, the North Atlantic Ocean, and Sweden.  It occupies 323,802 sq. km, making it slightly larger than the state of New Mexico.  It has a population of 4.77 million, growing at a rate of 0.33%.  Its largest city and capital, Oslo, is home to 875,000 people.  The government is a constitutional monarchy, and Norway has two official languages, Bokmal Norwegian and Nynorsk Norwegian.  The currency used is the Norwegian Krone. 

The Norwegian prosperous economy combines free-market activity and government intervention.  The government controls the petroleum sector through state-majority-owned enterprises.  Other than petroleum, other natural resources are abundant in Norway, including fish, forests, and minerals.  Norway is the world’s second-largest gas exporter and ninth-largest oil exporter.  Norway opted out of the European Union, but contributes significantly to the European Economic Area.  Oil and gas revenues have been saved by the Norwegian government in anticipation of a reduction in resources and have been accumulated in a sovereign wealth fund.  Norway’s economy slowed and eventually contracted during the global economic crisis, but returned to positive growth in 2010.  Norway’s primary trade partners are the United Kingdom, Germany, the Netherlands, and France.  Click here to search for Businesses Franchising Internationally  

 







Demographic Data   Economic Data    Cultural & Other Data   
Area (sq. km.)   323,802  GDP (PPP, $bn)   281.7  Capital   Oslo 
Population (million)   4.722  GDP Real Growth (%)   3  Other Large Cities   Bergen, Stavanger/ Sandes 
Population Growth       (%)   0.33  PerCap GDP ($)   55,900  Primary Language   Norwegian 
Population Under     15yrs (%)   17.5  Prime Lending               Rate (%)   3.7  Urbanization   79 
Population below poverty line (%)   NA  Inflation Rate%   0.7  Urban Growth        1.2 
Agricultural Workers    (% of population)   2.9  Unemployment%   3.2  Literacy  (population %)   100 
Industrial Workers     (% of population)   21.1  Foreign          Direct     Investment ($bn)   244.2  Education spending              % of GDP   7.3 
Service Workers        (% of population)   76  Debt-External ($bn)   659.1  CPI Score           (1-100)*   85 
Labor Force (mil)   2.678  Exports ($bn)   158.8  Corporate Income Tax %   28 
      Imports ($bn)   86.72  Ease of Doing Business Ranking **   6 

 

 

* CPI Score is published by Transparency International and relates to the perceptions of the degree of corruption as seen by business people and country analysts and ranges between 100 (highly clean) and 0 (highly corrupt).  

**Ease of Doing Business Ranking is determined by the World Bank Group and is ranked out of a possible 185 countries. www.doingbusiness.org  

Most recent statistics have been taken from the CIA World Factbook unless noted otherwise. 

 

International Franchising Opportunities

After you have finished researching the international markets, learning international expansion strategies and best practices, and understanding the basics of international franchising law, IFA provides numerous opportunities for franchising internationally.

 

Click here to search for Businesses Franchising Internationally  

 

 

 

blog-image
Lynette McKee, CEO at McKeeCo Services, LLC, has been inspired to take chances because of the role model in her...
recent tweet