Norway PESTLE Insights – A Macroeconomic Outlook Report
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According to GlobalData estimates, mining, manufacturing and utilities activities contributed 28.4% towards GVA, followed by financial intermediation, real estate and business activities (15.3%), and wholesale, retail and hotels utilities (7.4%) in 2022. The three sectors are forecast to grow by 4.1%, 2.9%, and 3.7%, respectively, in 2023.
Three major regions in Norway generated 69.6% of the country’s GDP in 2020 (latest available data), and comprised 75.4% of the country’s population, as of 2021.
The OBX Index exhibited a volatile trend over past year. As of March 9, 2023, the Index stood at 1,134.2, compared to 1,074.2 on March 9, 2022.
Scope
In 2022, the government introduced a plan to invest NOK1.2 trillion ($125 billion) on infrastructure projects during the period 2022–33
Reasons to Buy
Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Sparebank
Nordea
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Frequently asked questions
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