In Norway house prices have risen to high levels, associated with very strong credit growth, in a context of low interest rates. Such a combination was in many countries a contributory factor to the 2008-09 crisis.
Improving primary care systems and co-ordination between health services would help Norway meet the changing needs of its healthcare system, as the population ages and hospital stays become shorter, according to a new OECD report.
The average worker in Norway faced a tax burden on labour income (tax wedge) of 37.3% in 2013 compared with the OECD average of 35.9%. Norway was ranked 18 of the 34 OECD member countries in this respect.
The Norwegian economy is performing well, generating inclusive growth, strong social mobility and low unemployment. But to ensure future prosperity, Norway must continue with growth-enhancing reforms while ensuring financial stability, according to the OECD’s latest Economic Survey of Norway.
The Prime Minister of Norway, Erna Solberg, visited the OECD today to hold a bilateral meeting with Secretary-General Angel Gurría. They discussed the on-going collaboration between Norway and the OECD and how the Organisation can best contribute to Mrs. Solberg’s agenda for reform.
Norway gave USD 4.8 billion in official development assistance (ODA) in 2012, or 0.93 percent of its gross national income (GNI). That made it the third most-generous member in terms of its ODA/GNI ratio of the OECD’s Development Assistance Committee (DAC), which groups major donors.
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Note summarising the performance of Norway in the PISA 2012 assessment of mathematics, reading and science.
These country notes contain indicators which compare the political and institutional frameworks of national governments as well as revenues and expenditures, employment, and compensation. They include a description of government policies on integrity, e-government and open government.
Two rounds of the Survey of Adult Skills are under way: Round 1 (2008-13) with 24 participating countries, whose results were released in October 2013, and Round 2 (2012-16) with 9 participating countries, whose results will be released in 2016. A third round is scheduled to begin in May 2014.
Norway is better placed to cope with population ageing than most other countries. But it could still do more to improve incentives and opportunities for people to stay working longer which would help ensure the country’s long-term future, according to a new OECD report.