International organization participation:
AfDB, Arctic Council, AsDB, Australia Group, BIS, CBSS, CE, CERN,
EAPC, EBRD, EFTA, ESA, FAO, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM,
IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM,
IPU, ISO, ITU, ITUC, MIGA, NAM (guest), NATO, NC, NEA, NIB, NSG, OAS
(observer), OECD, OPCW, OSCE, Paris Club, PCA, UN, UNCTAD, UNESCO,
UNHCR, UNIDO, UNIFIL, UNMEE, UNMIS, UNRWA, UNTSO, UPU, WCO, WEU
(associate), WHO, WIPO, WMO, WTO, ZC
Diplomatic representation in the US: chief of mission: Ambassador Knut VOLLEBAEK chancery: 2720 34th Street NW, Washington, DC 20008 telephone: [1] (202) 333-6000 FAX: [1] (202) 337-0870 consulate(s) general: Houston, Minneapolis, New York, San Francisco
Diplomatic representation from the US: chief of mission: Ambassador Benson K. WHITNEY embassy: Henrik Ibsens gate 48, 0244 Oslo; note - the embassy will move to Huseby in the near future mailing address: PSC 69, Box 1000, APO AE 09707 telephone: [47] (22) 44 85 50 FAX: [47] (22) 44 33 63, 56 27 51
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, with oil and gas
accounting for one-third of exports. Only Saudi Arabia and Russia
export more oil than Norway. Norway opted to stay out of the EU
during a referendum in November 1994; nonetheless, it contributes
sizably to the EU budget. The government has moved ahead with
privatization. Although Norwegian oil production peaked in 2000,
natural gas production is still rising. Norwegians realize that once
their gas production peaks they will eventually face declining oil
and gas revenues; accordingly, Norway has been saving its
oil-and-gas-boosted budget surpluses in a Government Petroleum Fund,
which is invested abroad and now is valued at more than $250
billion. After lackluster growth of less than 1% in 2002-03, GDP
growth picked up to 3-4% in 2004-06. Norway's economy remains
buoyant. Domestic economic activity is, and will continue to be, the
main driver of growth, supported by high consumer confidence and
strong investment spending in the offshore oil and gas sector.
GDP (purchasing power parity):
$207.3 billion (2006 est.)
GDP (official exchange rate):
$261.7 billion (2006 est.)
GDP - real growth rate:
3% (2006 est.)
GDP - per capita (PPP):
$47,800 (2006 est.)