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This country note from Going for Growth 2015 for Norway identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Institutional investors (investment funds, insurance companies and pension funds) are major collectors of savings and suppliers of funds to financial markets. Their role as financial intermediaries and their impact on investment strategies have grown significantly over recent years along with deregulation and globalisation of financial markets.
This publication provides a unique set of statistics that reflect the level and
Norway has taken some good initiatives to combat money laundering and terrorist financing, but needs to establish overarching policies and strategies, and address significant weaknesses in a number of key areas, according to a new report by the Financial Action Task Force.
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The tax burden in Norway declined by 1.5 percentage points from 42.3% to 40.8%, the largest fall amongst member countries in 2013. The OECD average was an increase of 0.4 percentage points from 33.7% to 34.1%. The Norwegian standard VAT rate is 25%, which is considerably above the OECD average. The average VAT/GST standard rate in the OECD was 19.1% on 1 January 2014.
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Excellent population health status and good outcomes associated with acute care reflect a high-performing health system in Norway. Norway’s good health system comes at a cost – Norway’s per capita health expenditure is the highest in Europe.
Between 2011 and 2012 the total inflow of persons to Norway decreased slightly to 78 600, although this still represented an immigration rate of almost 16 immigrants per 1 000 inhabitants.
This publication highlights new evidence on policies to support job creation, bringing together the latest research on labour market, entrepreneurship and local economic development policy to help governments support job creation in the recovery. It also includes a set of country pages featuring, among other things, new data on skills supply and demand at the level of smaller OECD regions (TL3).
In 2013, Norway provided USD 5.6 billion ODA (preliminary data), a 16.4% increase in real terms from 2012.
Country notes outlining regional variations in health, jobs, safety, environment, access to services, civic engagement, housing, education, income, and employment. These notes are from the OECD publication "How's Life in Your Region?".
English, PDF, 495kb
Over the period 2008-2011, at the primary, secondary and post-secondary non-tertiary levels of education, expenditure per student in Norway – combining private and public spending – increased slightly while the number of students remained stable.