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PESTLE Insights: Macroeconomic Outlook Report - Norway

Posted on 30 November 2018 | 12:00 am by

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PESTLE Insights: Macroeconomic Outlook Report - Norway Summary Financial intermediation, real estate and business activities contributed 17.6% to the gross value added (GVA) in 2017, followed by mining, manufacturing and utilities (10.2%), and wholesale, retail and hotels (9.7%). In nominal terms, the three sectors are expected to grow by 6.3%, 4.5% and 5.8%, respectively, in 2018. Over 2018-2029 period, the Norwegian government plans to develop infrastructure by spending NOK1,064 bn (US$128.6 bn) on roads, shipping, railways, aviation, and public transport. Scope - Four major regions in Norway generate around 52.8% of the country's GDP and comprise 27.5% of the country's population - FDI inflows towards Norway has been witnessing a declining trend over the past three ...

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