Country Analysis Report - Norway - In-depth PESTLE Insights

The country analysis report on Norway provides a wide array of analytical inputs to analyze the country’s performance, and the objective is to help the reader to make business decisions and prepare for the future. The report on Norway analyzes the political, economic, social, technological, legal and environmental (PESTLE) structure of Norway. The report provides a holistic view of Norway from historical, current and future perspective. Insightful analysis on critical current and future issues is presented through detailed SCPT (strengths, challenges, prospects and threats /risks) analysis for each of the PESTLE segments. In addition, the PESTLE segments are supplemented with relevant quantitative data to support trend analysis. The PESTLE country analysis report series provides an in-depth analysis of 50 major countries.

• Understanding gained from the country analysis report on Norway can be used to plan business investments or market entry apart from a holistic view of the country. • Political section on Norway provides inputs about the political system, key figures in the country, and governance indicators. • Economic section on Norway outlines the economic story of the country to provide a balanced assessment on core macro-economic issues. • Social section on Norway enables understanding of customer demographics through the income distribution, rural-urban segmentation and centres of affluence, healthcare and educational scenario in the country. • Technological section on Norway provides strategic inputs on information communications and technology, technological laws and policies, technological gaps, patents data and relevant laws. • Legal section on Norway provides information about the legal structure, corporate laws, business set-up procedures and the tax regime. • Environmental section provides information on environmental policies in Norway and the performance in terms of important environmental indicators.

PESTLE analysis of Norway identifies issues that affect the country’s performance through the prism of current strengths (strengths), current challenges (weaknesses), future prospects (opportunities) and future risks (threats). The political landscape discusses the evolution of the political scenario in Norway in different periods. The economic, social, foreign and defence policies are considered in the political landscape section. It also discusses the performance of the country as per World Bank Governance Indicators. The economic landscape describes the evolution of the economy of Norway in different periods. It also examines the country’s performance in terms of GDP growth, composition by sector (agriculture, industry and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector and employment. The economic landscape also explains the financial system in the country, especially with regard to financial authorities/regulators. The social landscape covers the demographics, education and healthcare scenario in Norway. The social welfare policies of the government along with the country’s performance in terms of healthcare, income distribution and education are also provided. The technological landscape discusses the structure and policies in terms of Intellectual property, research & development, technology agreements/pacts; and policies related to the promotion of technology in Norway. The legal landscape examines the structure of the judicial system, legislation affecting businesses, tax regulations, labor laws, trade regulations and corporate governance in Norway. The environmental landscape in Norway discusses the environmental regulations and policies of the country. The performance of the country in terms of in terms of environmental indicators and impact of environmental policies is also examined.

"After entering a downturn in 2008, the Norwegian economy headed for a mild recession in 2009. Real GDP contracted by 1.4% in 2009. According to Datamonitor estimates, the Norwegian economy registered a growth rate of 0.5% in 2010. It is further expected to grow by 1.8% in 2011. A positive growth forecast is due to an improvement in private consumption and foreign demand for traditional goods, and an improving labor market."

• What is the outlook in terms of political stability, policies towards businesses, external front and popularity of government in Norway? • What is the economic performance of Norway in terms of GDP growth, fiscal situation, international investment position, monetary situation, credit disbursement, and employment among other economic indicators? • What is the performance of Norway in terms of healthcare, income distribution and education? • What is the performance of Norway in technology intensive sectors like telecommunications and information technology, patents and R&D expenditure trends? • What is the legal structure in Norway and are the laws conducive for investment? • What is the performance of Norway in terms of environmental indicators and impact of environmental policies?

Table of contents

TABLE OF CONTENTS
Overview
Catalyst
Summary
Key Facts and Geographic Location
Key facts
Geographical location
PESTLE Analysis
Summary
Political analysis
Economic analysis
Social analysis
Technological analysis
Legal analysis
Environmental analysis
Political Landscape
Summary
Evolution
Structure and policies
Performance
Outlook
Economic Landscape
Summary
Evolution
Structure and policies
Performance
Outlook
Social Landscape
Summary
Evolution
Structure and policies
Performance
Outlook
Technological Landscape
Summary
Evolution
Structure and policies
Performance
Outlook
Legal Landscape
Summary
Evolution
Structure and policies
Performance
Outlook
Environmental Landscape
Summary
Evolution
Structure and policies
Performance
Outlook
Appendix
Ask the analyst
Datamonitor consulting
Disclaimer

TABLE OF FIGURES
Figure 1: Map of Norway
Figure 2: Norway – political events timeline
Figure 3: Norway – key political figures
Figure 4: Distribution of seats by political parties in Norway's 2009 elections
Figure 5: Evolution of GDP growth in Norway, 1991–2010
Figure 6: GDP and GDP growth rate of Norway, 2004–14f
Figure 7: Sector-specific GDP in Norway, 2010
Figure 8: Agricultural output in Norway, 2005–10
Figure 9: Industrial output in Norway, 2005–10
Figure 10: Services output in Norway, 2005–10
Figure 11: Norway’s external trade position, 2006–10
Figure 12: CPI and CPI-based inflation in Norway, 2005–15f
Figure 13: Unemployment in Norway, 2004–14f
Figure 14: Major religions in Norway
Figure 15: Healthcare expenditure in Norway, 2002–13f
Figure 16: Growth of fixed and mobile phones in Norway, 2002–13f
Figure 17: Internet users in Norway, 2002–13f
Figure 18: R&D expenditure in Norway, 2002–10
Figure 19: Carbon dioxide emissions in Norway, 2002–13f

TABLES
Table 1: Norway—key fundamentals
Table 2: Norway – key facts
Table 3: Analysis of Norway’s political landscape
Table 4: Analysis of Norway’s economic landscape
Table 5: Analysis of Norway’s social landscape
Table 6: Analysis of Norway’s technology landscape
Table 7: Analysis of Norway’s legal landscape
Table 8: Analysis of Norway’s environmental landscape
Table 9: Mid-year population by age (millions) in 2010
Table 10: Patents received by the United States Patent and Trademark Office, 2001–10
Table 11: International environmental treaties signed and ratified by Norway

Related research categories

By market: Norway (in Europe)