e of the weakness of the economy outside the
oil sector. Oslo, a member of the European Free Trade Area, is continuing to
deregulate and harmonize with EC regulations to prepare for the European
Economic Area (EEA) - which creates a EC/EFTA market with free movement of
capital, goods, services, and labor - which takes effect in 1993.
GDP:
purchasing power equivalent - $72.9 billion, per capita $17,100; real growth
rate 4.1% (1991 est.)
Inflation rate (consumer prices):
3.5% (1991)
Unemployment rate:
5.4% (1991, excluding people in job-training programs)
Budget:
revenues $47.9 billion; expenditures $52.7 billion, including capital
expenditures of $NA (1991)
Exports:
$34.2 billion (f.o.b., 1991)
commodities:
petroleum and petroleum products 36.5%, natural gas 7.5%, fish 7%, aluminum
6%, ships 6.2%, pulp and paper
partners:
EC 66.5%, Nordic countries 19.5%, developing countries 7.8%, US 4.6%, Japan
1.9% (1991)
Imports:
$25.1 billion (c.i.f., 1991)
commodities:
machinery, fuels and lubricants, transportation equipment, chemicals,
foodstuffs, clothing, ships
partners:
EC 46.8%, Nordic countries 26.1%, developing countries 12.3%, US 7.8%, Japan
4.7% (1991)
External debt:
$10.2 billion (1991)
Industrial production:
growth rate 4.7% (1991)
Electricity:
26,735,000 kW capacity; 121,685 million kWh produced, 28,950 kWh per capita
(1991)

:Norway Economy

Industries:
petroleum and gas, food processing, shipbuilding, pulp and paper products,
metals, chemicals, timber, mining, textiles, fishing
Agriculture:
accounts for 2.8% of GDP and 6.4% of labor force; among world's top 10
fishing nations; livestock output exceeds value of crops; over half of food
needs imported; fish catch of 1.76 million metric tons in 1989
Economic aid:
donor - ODA and OOF commitments (1970-89), $4.4 billion
Currency:
Norwegian krone (plural - kroner); 1 Norwegian krone (NKr) = 100 re
Exchange rates:
Norwegian kroner (NKr) per US$1 - 6.1956 (January 1992), 6.4829 (1991),
6.2597 (1990), 6.9045 (1989), 6.5170 (1988), 6.7375 (1987)
Fiscal year:
calendar year

:Norway Communications

Railroads:
4,223 km 1.435-meter standard gauge; Norwegian State Railways (NSB) operates
4,219 km (2,450 km electrified and 96 km double track); 4 km other
Highways:
79,540 km total; 38,580 km paved; 40,96