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Norway Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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Population
5,320,045 (July 2017 est.)
GDP (PPP)
$380 billion (2017 est.)

GDP growth rate
1.8% (2017 est.)

GDP (PPP) per capita
$71,800 (2017 est.)

Very high, one of the richest countries in the world

Local currency
Norwegian kroner (NOK)

Stable currency

Financial stability (Public debt)
36.7% of GDP (2017 est.)

Low to medium, but stable

Inflation
1.9% (2017 est.)

Medium level, slowing from 2016

Language
Norwegian

English spoken fluently as a second language

Corruption perception index (Source: Transparency International)
3/180

Very low level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

25% standard rate 15% reduced rate on foods and beverages (excl. alcohol)
Corporate Tax

23% standard rate Special regimes apply to oil and gas (up to 78%), hydro power and shipping
Duties

There are quite extensive customs duties on agricultural products, which must be paid upon importation

Whether you are looking for a European importer or you are just interested in Europe business, Globartis is the right platform for you!

We have a strong position in Europe B2B and Europe trade.

If you are interested in doing business in Norway, or in finding Norwegian manufacturing companies, we can help you.

Hundreds of companies in Norway and Norwegian SMEs use Globartis for their operations. Join our network today and find the right partner for your Norway business.

Connect with a Norwegian manufacturer or Norway importer, or source among Norway export to find the right product.

Join now and grow your business in Oslo, one of the best cities for doing business in the Nordics.

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