Two 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



Ihre Berater der Handelskammer

Georgia Kossmann

Kontaktieren Sie uns: europe@cc.lu


Kennzahlen

Fläche
323,802 km2
Bevölkerung
5,509,591 (July 2021 est.)
Regierungsform
parliamentary constitutional monarchy
Sprachen
Bokmal Norwegian (official), Nynorsk Norwegian (official), small Sami- and Finnish-speaking minorities
BIP
$362.009 billion (2020 est.)
Wachstumsrate
-0.8% (2020 est.)
HDI
1
Hauptstadt
Oslo

Makroökonomische Indikatoren

Mainland output growth will remain robust in the first half of 2018, boosted by the increase in the global oil price but held back by a slowdown in housing construction. Output growth will then moderate. The unemployment rate will decrease further, while price and wage inflation will rise.

The switch from an expansionary to a neutral fiscal stance as implied by the adjusted fiscal rule is appropriate given the economy's cyclical position. Achieving the switch will bolster policy credibility. The central bank has signalled that it will increase the policy rate in autumn this year, which is appropriate. Structural reforms should remain focused on improving the business environment, including lighter taxation financed by greater public-spending efficiency.

Source: OECD - Economic Forecast

IMF Statistics:

Subject descriptor 2018 2019 2020 2021 2022

Gross domestic product, constant prices

Percent change

1.290

1.932

2.441

1.577

1.631

Gross domestic product, current prices

Percent change

(Billions)

434.167

417.627

422.060

432.969

443.836

Gross domestic product per capita, current prices

Percent change

(Units)

81,549.977

77,975.429

78,333.222

79,878.619

81,395.026

Inflation, average consumer prices

Percent change

2.765

2.300

1.900

2.000

2.000

Volume of imports of goods and services

Percent change

0.738

3.134

2.664

2.000

2.098

Volume of exports of goods and services

Percent change

-1.086

1.648

4.518

2.346

2.415

Unemployment rate

Percent change

3.854

3.600

3.500

3.600

3.600

Current account balance

Percent change

(Billions)

35.035

28.711

30.242

29.668

28.567

Current account balance

Percent change

8.070

6.875

7.165

6.852

6.436

Estimates

Source: IMF Statistics - Norway


Luxemburg und das Land

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 06.05.1983 (Memorial 1984, A No.108, p.2024)
  • Effective as of 01.01.1986 ((Memorial 1984, A No.108, p.2024)
  • Amendment of the Convention from 07.07.2009 (Memorial 2010, A, No.51, p.910)
  • Effective as of 01.01.2011 (Memorial 2010, A, No.51, p.910)

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


Weitere Informationen

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.

Contact Points in Norway

Embassy of the Grand Duchy of Luxembourg in Norway

Ambassador with residence in Copenhagen: Ms Janine FINCK

05, Fridtjof Nansens Plads
DK - 2100 Copenhagen
Denmark

Tel.: (+45) 35 26 82 00
Fax: (+45) 35 26 82 08
E-Mail: copenhague.amb@mae.etat.lu 
Website: copenhague.mae.lu

 

Honorary consuls

Honorary Consul with jurisdiction over the Regions of Oslo, Ostfold, Vestfold, Telemark, Austagder, Vestagder, Rogaland, Fjordaland, Sogn og Fjordane, Oppland, Hedmark, and Buskerud:

Mr Ole Jacob SUNDE

Olav Selvaags plass 4
0252 Oslo
Norway

Tel.: (+47) 24 12 44 00
E-Mail: ole.jacob.sunde@formue.no 

Honorary Consul with jurisdiction over the regions of Mog og Romsdal, Sor-Trondelag, Nord-Trondelag, Nordland, Troms, and Finmark:

Mr Ole BJØRNEVIK

Poppelvegen 9
N-7067 Jakobsli
Norway

Tel.: (+47) 73 99 11 60; (+47) 92 61 45 10
E-Mail: trondheim@consul-hon.lu 

Source: Ministry of Foreign Affairs of luxembourg

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: Office DuCroire - Country risk Norway

Other useful links


Die Handelskammer und das Land