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Norwegian economy By Per-Kristian Foss Member of the Norwegian Parliament The Conservative Party Parliamentary Group.

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Presentation on theme: "Norwegian economy By Per-Kristian Foss Member of the Norwegian Parliament The Conservative Party Parliamentary Group."— Presentation transcript:

1 Norwegian economy By Per-Kristian Foss Member of the Norwegian Parliament The Conservative Party Parliamentary Group

2 GDP growth Sources: OECD and Statistics Norway

3 Unemployment rates Source: OECD

4 Government Pension Fund Global NOK 3 378 billion (€ 450 billion) Probably largest SWF in the world since 2011 The fund's market value per quarter at the end of September 2011. Billions of NOK Source: Norges Bank Investment Management

5 GPFG ownership in % of benchmark The fund’s average holdings in equity markets.The fund’s average holdings in fixed-income markets

6 Employment rate % of population, age 15-64 75.3 % Source: Eurostat

7 Female employment rate % of population, age 15-64 73.3 % Source: Eurostat

8 Fertility rate 1.77 1.91 2.08 1.89 1.67 1.73 2.01 1.48 1.411.31 1.40 1.471.41 1.27 1.51 1.39 1.44 1.33 1.27 1.29 1.30 1.38 1.41 1.31 1.43 1.65 1.78 1.77 1.74 Source: CIA World Factbook

9 Balance in public finances Source: Eurostat Net borrowing or lending of consolidated general government sector, % of GDP

10 Relative hourly industry labour cost, Norway vs trading partner countries Hourly labour cost of Norwegian industry workers 57 % higher than trading partner countries in EU 1995 = 100 Common currency National currency Source: Norwegian Technical Calculation Committee for Wage Settlements

11 Population of Norway, different scenarios Parameters: fertility, life span, internal migration and immigration Sources: Statistics Norway


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