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Norway
Chambre de Commerce - Fiche d'information pays Dernière mise à jour: 15.05.2017

Vos conseillers à la Chambre de Commerce

  • Steven Koener
    +352423939379
  • Diana Rutledge
    +352423939335
Contactez-nous: europe@cc.lu

Indicateurs clés

Région
323,802 km2
Population
5,207,689 (July 2015 est.)
Type de gouvernement
constitutional monarchy
Langues
Bokmal Norwegian (official), Nynorsk Norwegian (official), small Sami- and Finnish-speaking minorities
PIB
$356.2 billion (2015 est.)
Taux de croissance
1.6% (2015 est.)
IHD
1
Capitale
Oslo

 

Introduction

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

 

Indicateurs macroéconomiques

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

IMF Statistics:

Subject descriptor20142015201620172018
Gross domestic product, constant prices
Percent change
2.2151.5980.8151.2021.797
Gross domestic product, current prices
U.S. dollars (Billions)
500.519388.315376.268392.708405.726
Gross domestic product per capita, current prices
U.S. dollars (Units)
97,066.57174,597.98671,497.28973,590.90775,054.516
Inflation, average consumer prices
Percent change
2.0252.1743.2002.3002.500
Volume of imports of goods and services
Percent change
1.5110.7222.2012.6403.105
Volume of exports of goods and services
Percent change
2.2343.6241.2981.4651.842
Unemployment rate
Percent of total labor force
3.5304.3744.7004.5004.200
Current account balance
U.S. dollars (Billions)
59.77935.03826.23329.89330.092
Current account balance
Percent of GDP
11.9439.0236.9727.6127.417
Colored cells are estimates

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)

Source: Administration des contributions directes

 

Plus d'informations

Foreign Trade

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: 

Mr. Gérard Philipps
05, Fridtjof Nansens Plads
DK - 2100 Copenhagen
Tel.: +45 35 26 82 00
Fax: +45 35 26 82 08
Email: copenhague.amb(at)mae.etat.lu 
http://copenhague.mae.lu/en 

Economic and Commercial Attaché (AWEX): 

Dominique BLANQUET
Drammensveien103 of
0244 Oslo
Tel: 47 22 12 84 00
Fax: 47 22 12 84 01
E-mail: oslo(at)awex-wallonia.com 

Annuler les modificationsSource: www.mae.lu
Source: www.awex.be 

Honorary consuls

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
N-0122 Oslo
Tel: + 47 2412 4400

E-mail: ole.jacob.sunde(at)formue.no


Honorary Consul with jurisdiction in the region of Trondheim : Mr Ole Bjørnevik 
Consulate of Luxembourg in Trondheim
BOA Group
Pir 2, 13A Kai 9
N-7010 Trondheim
Tel: +47 73 99 11 60
Fax: +47 73 99 11 98
E-Mail: ole(at)boa.no
 www.boa.no

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.

Link: http://www.ducroire.lu/en/node/41?country=165

Other useful links