Chambre de Commerce - Fiche d'information pays Dernière mise à jour: 07.02.2017
The centuries of Viking raids into Europe tapered off following the adoption of Christianity by King Olav TRYGGVASON in 994; conversion of the Norwegian kingdom occurred over the next several decades. In 1397, Norway was absorbed into a union with Denmark that lasted more than four centuries. In 1814, Norwegians resisted the cession of their country to Sweden and adopted a new constitution. Sweden then invaded Norway but agreed to let Norway keep its constitution in return for accepting the union under a Swedish king. Rising nationalism throughout the 19th century led to a 1905 referendum granting Norway independence. Although Norway remained neutral in World War I, it suffered heavy losses to its shipping. Norway proclaimed its neutrality at the outset of World War II, but was nonetheless occupied for five years by Nazi Germany (1940-45). In 1949, Norway abandoned neutrality and became a member of NATO. Discovery of oil and gas in adjacent waters in the late 1960s boosted Norway's economic fortunes. In referenda held in 1972 and 1994, Norway rejected joining the EU. Key domestic issues include immigration and integration of ethnic minorities, maintaining the country's extensive social safety net with an aging population, and preserving economic competitiveness.
Source: The CIA World Factbook - Norway
Economic activity is projected to be weak in 2016 as petroleum investment falls, with spillovers on non-oil sectors. Output growth will pick up gradually as non-oil investment strengthens with improved external demand, aided by currency depreciation, and as new oil-investment projects commence. Unemployment will peak in 2016. Inflation will drift down as currency-depreciation effects wane and economic slack continues.
Monetary and fiscal policies should remain supportive. Appropriately, macro-prudential tools are being used to contain risks from the housing market and high household debt. A tax-mix that encourages business activity through heavier reliance on indirect taxation would promote transition to broader-based growth. Reforms of the sickness and disability programmes aimed at encouraging labour supply are important for inclusive growth and need to continue.
Enhancing skills is key to improving Norway’s productivity and well-being. Improvements in the quality and completion rates of secondary and tertiary education, including through measures to enhance teacher qualifications and better monitor the quality of outcomes, are essential. Further reductions in red tape and improved public-sector efficiency would also bolster productivity.
Source: OECD - Economic Forecast
|Gross domestic product, constant prices|
|Gross domestic product, current prices|
U.S. dollars (Billions)
|Gross domestic product per capita, current prices|
U.S. dollars (Units)
|Inflation, average consumer prices|
|Volume of imports of goods and services|
|Volume of exports of goods and services|
Percent of total labor force
|Current account balance|
U.S. dollars (Billions)
|Current account balance|
Percent of GDP
Source: IMF Statistics - Norway
Le Luxembourg et le pays
Existing conventions and agreements
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
- Convention from 05.06.1983 (Memorial 1984, A, p. 2024)
- Effective as of 27.02.1985 (Memorial 1985, A, p. 245)
- Protocol amendment and Exchange of letters from 07.07.2009
- Act from 31.03.2010 (Memorial 2010, A, no. 51, p. 830 and)
- Effective as of 04.09.2010 (Memorial 2010, A, no. 197 of 11.5.2010, p. 3335)
Air Services agreement
- Agreement from 11.17.1952 (Memorial 1953, p. 735)
- Effective as of 31.07.1953 (Memorial 1953, p. 1079)
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Embassy of the Grand Duchy of Luxembourg in Norway
Ambassador with residence in Copenhagen:
Economic and Commercial Attaché (AWEX):
Tel: 47 22 12 84 00
Fax: 47 22 12 84 01
Honorary Consul with jurisdiction in the region of Oslo: Mr Ole Jacob SUNDE
Consulate of Luxembourg in Oslo
Formuesforvaltning Aktiv Forvaltning AS
P.O. Box 1777 Vika
Tel: + 47 2412 4400
Honorary Consul with jurisdiction in the region of Trondheim : Mr Ole Bjørnevik
Consulate of Luxembourg in Trondheim
Pir 2, 13A Kai 9
Tel: +47 73 99 11 60
Fax: +47 73 99 11 98
Country risk as defined by Office du Ducroire for Norway
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Other useful links
- Luxembourg for Business market entry guide to Norway: Market entry guides are brochure series published by the Ministry of the Economy and Foreign. The series focuses on worldwide markets, industries and business environments, providing comprehensive and in-depth analysis and guidelines. The brochures cover all aspects relating to a market entry including the economic, financial and legal frameworks. The brochures are a vast knowledge pool, compiled into a practice oriented document with many tips and important addresses.
- CIA World factbook on Norway
- Invest in Norway
- NHO: Confederation of Norwegian entreprises
- Nordic countries-Belgium-Luxembourg Chamber of Commerce
- Ministry of Trade and Industry
- La Norvège sur le site de l'Awex
- La Norvège sur France Monde Express
- Innovation Norway
- Doing Business in Norway
- Das ist Norwegen
La Chambre de Commerce et le pays
- 21.05.2013 - 23.05.2013