consulate(s) general: Houston, Miami, Minneapolis, New York, and San Francisco
Diplomatic representation from the US: chief of mission: Ambassador
Robin Chandler DUKE
embassy: Drammensveien 18, 0244 Oslo
mailing address: PSC 69, Box 1000, APO AE 09707
telephone: [47] (22) 44 85 50
FAX: [47] (22) 43 07 77
Flag description: red with a blue cross outlined in white that extends to the edges of the flag; the vertical part of the cross is shifted to the hoist side in the style of the Dannebrog (Danish flag)
Norway Economy
Economy - overview: The Norwegian economy is a prosperous bastion of welfare capitalism, featuring a combination of free market activity and government intervention. The government controls key areas, such as the vital petroleum sector (through large-scale state enterprises). The country is richly endowed with natural resources - petroleum, hydropower, fish, forests, and minerals - and is highly dependent on its oil production and international oil prices; in 1999, oil and gas accounted for 35% of exports. Only Saudi Arabia exports more oil than Norway. Oslo opted to stay out of the EU during a referendum in November 1994. Growth picked up in 2000 to 2.7%, compared to the meager 0.8% of 1999, but may fall back in 2001. The government moved ahead with privatization in 2000, even proposing the sale of up to one-third of the 100% state-owned oil company Statoil. Despite their high per capita income and generous welfare benefits, Norwegians worry about that time in the next two decades when the oil and gas begin to run out. Accordingly, Norway has been saving its oil-boosted budget surpluses in a Government Petroleum Fund, which is invested abroad and now is valued at more than $43 billion.
GDP: purchasing power parity - $124.1 billion (1999 est.)