Thursday, February 27, 2014

Rank and Economy

The rank of Narway from the poorest is 183 and from the richest is 3 with gdp per capita using atlas methods in 2003 is 43,350 $. In other measurements IMF,WB, CIA using nominal methods in 2007, 2007, 2008
IMF...........................................WB........................................CIA
rank/measure............................rank/measure............................rank/measure
2/83,485..................................2/81,111.................................3/84,595
Norwegianeconomy.png
Rank23rd (nominal) / 45th (PPP)
CurrencyNorwegian krone (NOK) = 100 øre
Fiscal yearCalendar year
Trade organisationsOECDWTOEuropean Economic Areaand others
Statistics
GDP$499.8 billion (2012 est.)
GDP growth3.1% (2012 est.)
GDP per capita$53,269 (2009 est.) (PPP) (3rd)
GDP by sectoragriculture: 2.2%; industry: 45.1%; services: 52.7% (2009 est.)
Inflation (CPI)2.7% (2011 est.)
Gini coefficient25 (2008)
Labour force2.645 million (2012 est.)
Labour force
by occupation
agriculture: 2.9%; industry: 21.1%; services: 76% (2008)
Unemployment3.0% (September 2012)[1]
Average gross salary38,100 NOK / $6909, monthly (May 2011)[2]
Main industriespetroleum and natural gas, food processing, shipbuilding, wood pulp and paper products, metals, chemicals, timber, mining, textiles, fishing
Ease of doing business rank6th[3]
The economy of Norway is a developed mixed economy with state-ownership in strategic areas of the economy. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era. Shipping has long been a support of Norway's export sector, but much of Norway's economic growth has been fueled by an abundance of natural resources, including petroleum exploration and production, hydroelectric power, and fisheries. Agriculture and traditional heavy manufacturing have suffered relative decline compared to services and oil-related industries, and the public sector is among the largest in the world as a percentage of the overall gross domestic product. The country has a very highstandard of living compared with other European countries, and a strongly integrated welfare system. Norway's modern manufacturing and welfare system rely on a financial reserve produced by exploitation of natural resources, particularly North Sea oil.