Attribute | Value |
---|---|
Geography | |
Area | 323,802 km² |
Continent | Europe |
Land area | 304,282 km² |
Water area | 19,520 km² |
Land boundaries | 2,566 km |
Border countries |
|
Coastline | 25,148 km |
Mean elevation | 460 m |
Lowest point | 0 m |
Highest point | 2,469 m |
People | |
Population | 5,467,439 |
Official languages |
|
Religion | Church of Norway |
Government | |
Long country name | Kingdom of Norway |
Short country name | Norway |
Long local name | Kongeriket Norge |
Short local name | Norge |
Former name | Add |
Government type | Parliamentary constitutional monarchy |
Capital | Oslo |
Economy | |
GDP (PPP) | 381,200,000,000 USD |
GDP (OER) | 398,800,000,000 USD |
GDP (real growth rate) | 1.9 % |
GDP - per capita (PPP) | 72,100 USD |
Gross national saving | 34.3 % of GDP |
Labor force | 2,797,000 |
Unemployment rate | 4.2 % |
Population below poverty line | Add |
Budget revenues | 217,100,000,000 USD |
Budget expenditures | 199,500,000,000 USD |
Military expenditures | 1.8 % of GDP |
Taxes and other revenues | 54.4 % of GDP |
Budget surplus or deficit | 4.4 % of GDP |
Public debt | 36.5 % of GDP |
Inflation rate | 1.9 % |
Central bank discount rate | 6.25 % |
Commercial bank prime lending rate | 2.89 % |
Stock of narrow money | 237,700,000,000 USD |
Stock of broad money | 237,700,000,000 USD |
Stock of domestic credit | 640,400,000,000 USD |
Market value of publicly traded shares | 193,900,000,000 USD |
Current account balance | 22,010,000,000 USD |
Exports | 102,800,000,000 USD |
Imports | 95,060,000,000 USD |
Reserves of foreign exchange and gold | 65,920,000,000 USD |
External debt | 642,300,000,000 USD |
National currency | Norwegian kroner |
National currency (code) | NOK |
National currency (symbol) | kr |
National currency rate to USD | 8.308 |
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.