Table of Contents
Introduction 3
Facts about Norway 3
EU and Norway in world trade in goods 4
EU trade in goods deficit fell by two thirds since 2008 6
Manufactured goods dominate exports to Norway 8
Most traded goods: energy products 10
North Sea countries trading most with Norway 11
Summary/Conclusion 13
Sources of information 15
Introduction
Norway’s economic freedom score is 73.0, making its economy the 26th freest in the 2019 Index. Its overall score has decreased by 1.3 points, with lower scores for judicial effectiveness, trade freedom, and government spending outweighing modest improvements in monetary freedom and the tax burden. Norway is ranked 15th among 44 countries in the Europe region, and its overall score is above the regional and world averages. [10]
In 2017, Norway exported $106B and imported $84.8B, resulting in a positive trade balance of $21.2B. In 2017 the GDP of Norway was $398B and its GDP per capita was $61.4k. [10]
The country's main trade partners are the Eur...
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