Norway
On this page you will find beneficial information regarding foreign direct investment in / trading with Norway. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Parliamentary Constitutional Monarchy
Population: 5.46 million (2022)
GDP: 579.3 billion USD (2022)
Corporate Tax Rate: 22%
Personal Income Tax Rate: 22%
Major Exports: The top exports of Norway are Petroleum Gas ($154B), Crude Petroleum ($58.9B), Non-fillet Fresh Fish ($9.07B), Refined Petroleum ($7.62B), and Electricity ($4.74B), exporting mostly to Germany ($78.1B), United Kingdom ($59.1B), France ($25.9B), Belgium ($20.3B), and Sweden ($17.7B). In 2022, Norway was the world's biggest exporter of Petroleum Gas ($154B), Non-fillet Fresh Fish ($9.07B), Fish: dried, salted, smoked or in brine ($1.15B), Gravel and Crushed Stone ($371M), and Wood Pulp Lyes ($154M).
Major Imports: The top imports of Norway are Cars ($7.43B), Refined Petroleum ($6.54B), Nickel Mattes ($2.48B), Broadcasting Equipment ($2.12B), and Electricity ($1.8B), importing mostly from Sweden ($18.7B), Germany ($12B), China ($10.1B), Denmark ($6.53B), and Netherlands ($5.88B). In 2022, Norway was the world's biggest importer of Fish oil ($563M) and Fishing Ships ($161M).
Investment Agency: Business Norway
Website: https://businessnorway.com/
National Chamber of Commerce: Oslo Chamber of Commerce
Website: https://www.chamber.no/
Customs Agency: Norwegian Customs
Website: https://www.toll.no/en/
