Norway’s economy is a thriving bastion of capitalism, which combines free market and government regulation. The government controls key areas of the economy: fuel sector [major state-owned enterprises], agriculture and fisheries. As the country is closely connected with the sea and depend on international trade, Norway mostly exports raw materials and semi processed goods.
Norway is richly provided with natural resources – hydropower, timber, fish, and minerals. One of the main roles played by the production of oil – the country is highly dependent on the production and world oil prices. Only Saudi Arabia exports more oil than Norway.
Apart from the above to Norwegian industries include food processing, shipbuilding, Cellulosic and paper industry, metal processing and chemicals, textiles, fishing.
As with the / x done: beef, fish, dairy products, potatoes, barley, grain impurities.
Foreign trade differs excess of exports over imports [$ 47.3 billion and $ 38.6 billion respectively].
Major export partners – Norway EU 77% [United Kingdom 17% Germany 12% Netherlands 10% Sweden 10% France 8%], U.S. 7% [1998]
Major export partners – Norway EU 77% [United Kingdom 17% Germany 12% Netherlands 10% Sweden 10% France 8%], U.S. 7% [1998]
Exported products: petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish.
Main import partners: EU 69% (Sweden 15% Germany 14%, UK 10%, Denmark 7%), U.S. 7%, Japan 4% [1998]
Imports commodities: machinery and equipment, chemicals, metals, foodstuffs.
Imports commodities: machinery and equipment, chemicals, metals, foodstuffs.
In addition, Norway produces large amounts of electricity.
The main form of freight transport – the sea. Over 90% of the tonnage of merchant shipping engaged in international transportation by foreign freight. Norway is one of the first places in the world for domestic transport of passengers on the aircraft [per capita]. Railways [public, 50% - electrified] – 4.24 sq km., Roads – 79.8 thousand km.
The number of economically active population as of 1999 was 2.7 million. Of these, 74% are employed in services and trade, 22% – in industry, 4% – in agriculture, fisheries, forests. Rising inflation [the prices of consumer goods] – 2.8%. Unemployment rate – 2.9%.
The number of economically active population as of 1999 was 2.7 million. Of these, 74% are employed in services and trade, 22% – in industry, 4% – in agriculture, fisheries, forests. Rising inflation [the prices of consumer goods] – 2.8%. Unemployment rate – 2.9%.
No comments:
Post a Comment