USA is The Largest Investor in Norway

The US ranked number one in terms of the largest foreign-controlled enterprises by value added in Norway. Sweden and France occupied the second and third positions. In 2007, USA accounted for 35% of foreign-owned enterprises.

In terms of number of enterprises and number of employees Sweden was the largest. Oil and Gas sector held the largest foreign-owned enterprises. Since US has some of the top oil-related companies the world naturally the US is the top investor in this sector in Norway.

Norway’s Net Foreign Assets

Norway’s foreign assets continued to increase in 2008 despite the worldwide turmoil in financial markets. Assets grew by 35% to NOK 1,654 billion in 2008. In 2008, net foreignassets totalled 65% of GDP where as in 2007 it amounted to only 54% of GDP.

Source: Statistics Norway

The current unemployment rate in Norway is just 3% compared to nearly 10% in the US.

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