Norway

Continent

Europe

Capital

Oslo

Population

5,509,733

Sub-Zones

General Information

Basic details about Norway

Population:: 5,509,733
Area:: 323,802 sq km
Currency:: Norwegian kroner
Languages:: Bokmal Norwegian, Nynorsk Norwegian, small Sami- and Finnish-speaking minorities

Economic Overview

Key economic indicators for Norway

GDP:: $499.357 billion
GDP per Capita:: $90,500
GDP Growth:: 0.48%
Inflation:: 5.52%
Unemployment:: 3.58%
Public Debt:: 36.5% of GDP
Credit Rating:: AAA (1975)

Political System

Governance structure of Norway

Government Type:: parliamentary constitutional monarchy
Head of State:: King HARALD V (since 17 January 1991)
Head of Government:: Prime Minister Jonas Gahr STORE (since 14 October 2021)
Judiciary:: Supreme Court or Hoyesterett (consists of the chief justice and 18 associate justices)
Administrative Divisions:: 12 counties (fylker, singular - fylke); Agder, Innlandet, More og Romsdal, Nordland, Oslo, Rogaland, Romsdal, Troms og Finnmark, Trondelag, Vestfold og Telemark, Vestland, Viken (2024)

Major Political Parties

Not specified

International Relations

Global position and alliances

UN Member:: Yes
EU Member:: No
Diplomatic Presence:: 2720 34th Street NW, Washington, DC 20008

Major Alliances and Organizations

NATOOECD

Economic Sectors & Trade

Detailed economic breakdown

Major Economic Sectors

Agriculture

2.1% (2023 est.)

Industry

39% (2023 est.)

Services

50% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

Trade Volume

Exports:: $224.336 billion
Imports:: $155.081 billion

Major Trading Partners

Germany 18

UK 17

Sweden 9

Denmark 7

Netherlands 6

Economic Outlook

Norway has a 0.48% GDP growth rate with 5.52% inflation. The economy is characterized by a strong agriculture sector.