Norway
Norwegian Banks’ Tier 1 Capital Ratio and Other Measures
Norwegian banks are in a strong position compared to other banks. The following are some of the charts that show the strength and other measures of banks in Norway:
Norwegian Banks’ Tier 1 Capital Ratio
Norwegian Banks’ Non-Performing Asset Ratios (NPAs)
Norwegian Banks’ Tier 1 Capital Ratio with Minimum Tier 1 Required
Source: Norges Bank
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.
Norway Government Expenditures by Sector 2008
The following chart shows the Government Expenditures by Sector of Norway for 2008:
Source: Statistics Norway
The Unemployment Rate in Norway is Low
Norway has a lower unemployment rate than the USA. In May,the unemployment rate in Norway was 3.1%. In the US it stood at 9.4%.Next to Norway, Denmark has the lowest rates among the countries shown in the chart below.
For more details on the economy of Norway, go to Statistics Norway
