Your SlideShare is downloading. ×
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Norway general information
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Norway general information

337

Published on

Norway, economics, politics, overview

Norway, economics, politics, overview

Published in: Business, Travel
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
337
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
26
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Norway?! By Victor Lakov Konstantin Kirov Milen Kostadinov
  • 2. General Information • A Constitutional Monarchy(King Harald V) • Jens Stoltenberg (Prime Minister) • Population: 4,985,870 • Area: 385,252 km2 Stoltenberg King Harold V • The capital is Oslo( 2nd most expensive city in the world, immigrants- 25% of the city’s population) • Number One in the Human Development Index • 7th Highest GDP per capita in the world • Currency: Norwegian Krone • 10th most traded currency in the FOREX
  • 3. Economy Overview • The Norwegian economy is an example of a mixed economy, a prosperous capitalist welfare state featuring a combination of free market activity and large state ownership in certain key sectors • Norway’s state petroleum fund - 1995 (The Government Pension Fund) - fund into which the surplus wealth produced by Norwegian petroleum income is deposited. • Amount: NOK 3,396 billion ($573 billion) • 1 per cent of global equity markets • With 1.78 per cent of European stocks, it is said to be the largest stock owner in Europe. • Norway's emergence as a major oil and gas producer in the mid-1970s
  • 4. • Norway is not a member of the EU • Membership rejected twice(70s and 90s) • 4th most important import partner for the EU • Part of the Schengen agreement • Norway contributes to the EU budget
  • 5. Norway politics • Norway is a founding member of the UN and NATO • Member of: EEA (European Economic Area)-Access to EU single market • EFTA (European Free Trade Association)Norway, Liechtenstein, Iceland, Switzerla nd • OECD (Organization for Economic Cooperation and Development)
  • 6. Gross domestic product GDP - composition by sector: agriculture: 2.7% industry: 38.3% services: 59% (2011 est.)
  • 7. Gross domestic product GDP - real growth rate: • 1.7% (2011 est.) • country comparison to the world: 164 • 0.3% (2010 est.) • -1.7% (2009 est.) GDP - per capita (PPP): • $53,300 (2011 est.) • country comparison to the world: 7 • $53,000 (2010 est.) • $53,500 (2009 est.) • note: data are in 2011 US dollars
  • 8. Gross domestic product GDP Real Growth Rate 2.00% 1.70% 0.30% 0.00% 2011 2010 -2.00% 2009 -1.70% GDP Per Capita $53,600 $53,400 $53,200 $53,000 $52,800 $52,600 $53,500 $53,300 $53,000 2011 2010 2009
  • 9. Exports: • $159.8 billion (2011 est.) • country comparison to the world: 31 • $132.7 billion (2010 est.) Exports - commodities: • petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish Exports - partners: • UK 26.7%, Netherlands 12.1%, Germany 11.4%, Sweden 7%, France 6.6%, US 5% (2010)
  • 10. Imports: • $92.63 billion (2011 est.) • country comparison to the world: 37 • $74.3 billion (2010 est.) Imports - commodities: • machinery and equipment, chemicals, metals, foodstuffs Imports - partners: • Sweden 14.1%, Germany 12.4%, China 8.5%, Denmark 6.3%, UK 5.9%, US 5.4% (2010)
  • 11. Foreign Policy • Norway has a small and open economy, which is largely dependent on foreign trade. Foreign trade (export and import combined) constitutes more than half of Norway's GDP, making it one of the world's most open economies. • Foreign trade is a critical economic factor. Exports bring in over 40% of the GDP. • About 75 per cent of Norway's trade is with the EU.
  • 12. • The EUs relations with third countries: -Mediterranean region -regional groupings in Asia (ASEAN, ASEM) -Latin America -Transatlantic Economic Partnership (TEP) • Norway was the world’s 31st largest merchandise exporter, and the 36th largest importer, in 2010. • Foreign trade amounts to approximately 37 per cent of Norway’s GDP
  • 13. Foreign Trade by Goods • Norway is the world’s largest producer of oil and natural gas per capita outside of the Middle East. • Norway is also one of the world’s largest exporters of fish and fish products, which account for 5 per cent of export revenues. • Machinery, ships, metals, chemicals, pulp and paper, etc. account for approximately 25 per cent of Norway’s total export revenues. • Norway is the main source for the EU of primary aluminium. 60% of our total imports of alloys and 15% of unwrought metal originate in Norway
  • 14. Trade relations between Norway and Bulgaria • Norwegian export to Bulgaria increased with 50% in 2011 reaching 11.7 mln. • Bulgarian export to Norway increased with 56.1% amounting 33.4 mln. Euro. • The turnover (for the above mentioned period) between the countries reached 45.1 mln. Euro Bulgarian export to Norway, mln. Euro Norwegian export to Bulgaria , mln. Euro Trade balance, mln. Euro 2010 2011 Growth, % 2010 2011 Growth, % 2010 2011 21.4 33.4 56.1% 7.8 13.7 21.8 11.7 50%
  • 15. Main commodity groups in the export to Norway for year 2011 1. Wrapping bags and sacks 2. Yarns of worsted wool, unsuitable for retail 3. Plastic transport or packing merchandises; plastic corks, covers and others 4. Sunflower seeds 5. Electricity engines and generators, except electrogenerating aggregates
  • 16. Main commodity groups in the import from Norway for year 2011 1. Merchandises and clothes, used 2. Frozen fishes 3. Audio or analogous carriers 4. Paper and cardboards 5. Machines and devices for operation with stones, earth, ore and other mineral materials 6. Fillet and other fish meat /fresh, chilled or frozen/ 7. Diagnostic and laboratory reactives 8. Electrical devices for wire telephony, videophones 9. Automobile parts 10. Automobile and transport vehicles
  • 17. Thank you for your attention!

×