Norway PESTLE Insights - A Macroeconomic Outlook Report, GlobalData

Norway PESTLE Insights - A Macroeconomic Outlook Report, GlobalData

  • February 2022 •
  • 44 pages •
  • Report ID: 6267494 •
  • Format: PDF
Norway PESTLE Insights - A Macroeconomic Outlook Report

Summary
Mining, manufacturing and utilities contributed 18.1% to gross value added (GVA) in 2021, followed by financial intermediation, real estate and business activities (18%), and wholesale, retail and hotels (7.9%), According to the analyst. In nominal terms, the three sectors are forecast to grow by 2.1%, 4.1% and 1.6%, respectively, in 2022.

Three major regions in Norway generated 38.8% of the country’s GDP in 2018 (latest available data), and comprised 60.4% of the country’s population, as of 2020

The overall OBX Index exhibited an increasing trend over last year. As of January 20, 2022, the OBX stood at 1,081.4, compared to 892.4 on January 20, 2021.

Scope
- In 2021, the Norwegian parliament approved $38.7 billion for E39 highway project, which would stretch for 1,100km (683 miles)

Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
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