Executive branch: chief of state: King HARALD V (since 17 January 1991); Heir Apparent Crown Prince HAAKON MAGNUS, son of the monarch (born 20 July 1973) head of government: Prime Minister Kjell Magne BONDEVIK (since 19 October 2001) cabinet: State Council appointed by the monarch with the approval of Parliament elections: none; the monarch is hereditary; following parliamentary elections, the leader of the largest party or the leader of the majority coalition is usually appointed prime minister by the monarch with the approval of the Parliament
Legislative branch: modified unicameral Parliament or Storting (165 seats; members are elected by popular vote by proportional representation to serve four-year terms) elections: last held 10 September 2001 (next to be held NA September 2005) note: for certain purposes, the Parliament divides itself into two chambers and elects one-fourth of its membership to an upper house or Lagting election results: percent of vote by party - Labor Party 24.3%, Conservative Party 21.2%, Progress Party 14.6%, Socialist Left Party 12.5%, Christian People's Party 12.4%, Center Party 5.6%, Liberal Party 3.9%, Coastal Party 1.7%, other 3.8%; seats by party - Labor Party 43, Conservative Party 38, Progress Party 26, Socialist Left Party 23, Christian People's Party 22, Center Party 10, Liberal Party 2, Coastal Party 1
Judicial branch: Supreme Court or Hoyesterett (justices appointed by the monarch)
Political parties and leaders: Center Party [Odd Roger ENOKSEN];
Christian People's Party [Valgerd Svarstad HAUGLAND]; Coastal Party
[Steinar BASTESEN]; Conservative Party [Jan PETERSEN]; Labor Party
[Thorbjorn JAGLAND]; Liberal Party [Lars SPONHEIM]; Progress Party
[Carl I. HAGEN]; Socialist Left Party [Kristin HALVORSEN]
Political pressure groups and leaders: NA
International organization participation: AfDB, AsDB, Australia Group,
BIS, CBSS, CCC, CE, CERN, EAPC, EBRD, ECE, EFTA, ESA, FAO, IADB, IAEA,
IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO,
IMF, IMO, Interpol, IOC, IOM, ISO, ITU, NAM (guest), NATO, NC, NEA,
NIB, NSG, OAS (observer), OECD, OPCW, OSCE, PCA, UN, UN Security Council
(temporary), UNCTAD, UNESCO, UNHCR, UNIDO, UNMEE, UNMIBH, UNMIK, UNMOP,
UNTAET, UNTSO, UPU, WEU (associate), WHO, WIPO, WMO, WTrO, ZC
Diplomatic representation in the US: chief of mission: Ambassador Knut VOLLEBAEK chancery: 2720 34th Street NW, Washington, DC 20008 consulate(s) general: Houston, Miami, Minneapolis, New York, and San Francisco FAX: [1] (202) 337-0870 telephone: [1] (202) 333-6000
Diplomatic representation from the US: chief of mission: Ambassador John D. ONG embassy: Drammensveien 18, PSC 69, Box 1000, APO AE 09707 telephone: 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)
Economy Norway
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 and Russia export 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 with the meager 0.8% of 1999, but fell back to 1.3% 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. With arguably the highest quality of life worldwide, Norwegians still 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.