Facts about Norway

Last updated: 10.03.2015 // Did you know the following facts about Norway?

Norway provides funding to reduce social and economic disparities in Europe. In the period 2009–14, the EEA and Norway Grants funded projects in 16 European countries, totalling EUR 1.8 billion.

In 2014 Norway contributed EUR 306 million to the EU programme budget.

Norway is a major long-term investor in the EU. As of January 2014, the Government Pension Fund Global has invested a total of EUR 235 billion in stocks and bonds in EU countries. Approx. 40 % of the Fund’s global stock and bond investments are in the EU. This comes in addition to considerable investments in real estate.

Almost 200 000 EU/EEA citizens are currently working in Norway. More than 7 % of the labour force in Norway are EU/EEA citizens.

Norway is the world’s third largest exporter of gas and tenth largest exporter of oil. Almost all Norwegian gas is sold on the European market. Norway is the EU’s second largest supplier of energy products (after Russia), including crude petroleum, natural gas and gas liquids.

Some facts and figures:

Official name: Kingdom of Norway

System of government: Constitutional monarchy and parliamentary democracy

Population: 5 165 802 inhabitants as of 1 January 2015

Capital: Oslo (647 676 inhabitants as of 1 January 2015)

Area: 385 170 km2

Currency: Norwegian krone, NOK. EUR 1 = NOK 8.65 (exchange rate February 2015)

Gross Domestic Product: NOK 3 151 483 million in 2014

GDP per capita: NOK 613 366 in 2014

Source: Statistics Norway

See also:

The Norwegian Government’s Strategy for cooperation with the EU 2014 – 2017


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