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Discovery of oil and gas in adjacent waters in the late 1960s gave a strong boost to Norway's economic fortunes. Norway is planning for the time when its oil and gas reserves are depleted and is focusing on containing spending on its extensive welfare system. It has decided at this time not to join the European Union and the new euro currency regime. Geography Location: Northern Europe, bordering the North Sea and the North Atlantic Ocean, west of Sweden Geographic coordinates: 62 00 N, 10 00 E Map references: Europe Area: total: 324,220 sq km land: 307,860 sq km water: 16,360 sq km Area--comparative: slightly larger than New Mexico Land boundaries: total: 2,515 km border countries: Finland 729 km, Sweden 1,619 km, Russia 167 km Coastline: 21,925 km (includes mainland 3,419 km, large islands 2,413 km, long fjords, numerous small islands, and minor indentations 16,093 km) Maritime claims: contiguous zone: 10 nm continental shelf: 200 nm exclusive economic zone: 200 nm territorial sea: 4 nm Climate: temperate along coast, modified by North Atlantic Current; colder interior; rainy year-round on west coast Terrain: glaciated; mostly high plateaus and rugged mountains broken by fertile valleys; small, scattered plains; coastline deeply indented by fjords; arctic tundra in north Elevation extremes: lowest point: Norwegian Sea 0 m highest point: Glittertinden 2,472 m Natural resources: petroleum, copper, natural gas, pyrites, nickel, iron ore, zinc, lead, fish, timber, hydropower Land use: arable land: 3% permanent crops: NA% permanent pastures: 0% forests and woodland: 27% other: 70% (1993 est.) Irrigated land: 970 sq km (1993 est.) Natural hazards: NA Environment--current issues: water pollution; acid rain damaging forests and adversely affecting lakes, threatening fish stocks; air pollution from vehicle emissions Environment--international agreements: party to: Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Sulphur 85, Air Pollution-Sulphur 94, Air Pollution-Volatile Organic Compounds, Antarctic-Environmental Protocol, Antarctic Treaty, Biodiversity, Climate Change, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94,
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