Lewes, DE -- (SBWIRE) -- 07/07/2017 -- As per International Monetary Fund (IMF) Norway's real gross domestic product is expected to grow at a CAGR of 1.82% from its 2015 level of NOK 3190.96 billion and reach NOK 3619.42 billion by 2022.

Norway, officially the Kingdom of Norway, is a Scandinavian unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, the Arctic archipelago of Svalbard, and the sub-Antarctic Bouvet Island. Oslo the capital is a city of green spaces and museums. Norway has a total area of 148,747 square miles and a population of a little above 5 million. It is the 2nd least densely populated country in Europe.

Norway had estimated population of 82.735.263 million in the year 2016 and expected to reach 5.648 million by 2022. Norway's 2.648% population was employed in 2016 and the unemployment rate was 4.758% of total labor force.

Norway's real gross domestic product (GDP) was around NOK 3223.65 billions in 2016 whereas the nominal GDP was NOK 3111.77 billions. This resulted in GDP deflator 96.529. Per capita GDP was estimated at USD 70391.57 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 69249.46.

The output gap for Norway in 2016 was negative at 1.35% of the potential GDP In 2016, Norwegian government's revenue was NOK 1651.39 billions whereas the expenditure was NOK 1562.52 billions. This resulted Norwegian government's net lending / borrowing at NOK 88.87 billion in 2016 indicating that enough financial resources were made available by the government to boost economic growth.

The current account balance for Norway was estimated to be at USD 17.038 billions for the year 2016 and is expected to decrease at a CAGR of 2.39% and reach USD 28.261 by 2022. This positive current account balance indicates the Norway is net lender to the whole world.

Scope of the Norway PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports

-These reports provide information about key macroeconomic indicators for Norway.

-These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Norway.

-These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Norway.

-These reports provide risk analysis for Norway.

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