Norway

Region: Europe and North America
 

Classification of economies by geographic region is based on that of the United Nations Statistics Division.

High Income
 

Based on the income levels set out by the World Economic Forum (WEF) in its Global Competitiveness Report. However, the groupings are slightly different due to the numbers of economies covered. For GEM, the low income group contains both those classified as low income and lower middle by WEF, and the middle income group has those that WEF groups as upper middle. High income is the same for both GEM and WEF.

Population: 5.3 million (2018)
 

Population data is from the World Bank, except Palestinian Territories World Population Review and Taiwan Worldometers

GDP Growth: 2% (2017)
 

GDP growth data is from the World Economic Outlook Database, except Palestinian Territories Worldometers

GDP Per Capita: $75,514 (2017)
 

GDP per capita data is from the World Economic Outlook Database, except Palestinian Territories Worldometers

Norway Reports

Name
Report information
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GEM Norway 2013 Report
Report information
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GEM Norway 2014 Report
Report information
pdf
  • Year of publication: 2013
  • Category: National Reports
  • Language: Norwegian
  • Upload date: 2015-03-27

  • There is less entrepreneurial activity in 2012 than in any previous years Norway has participated in GEM. The TEA rate has continued to decline; there are fewer nascent entrepreneurs and new business owners and owners of established businesses. It seems to have become more difficult or less attractive to start a firm. There are fewer who expect to start a firm within the next three years. The fear of failing is still high. Entrepreneurial activity among women is at the lowest level in 2012, and hence the share of women among entrepreneurs has continued to decrease. There are fewer informal investors and fewer established business owners. This may be a consequence of a tight labour market, making waged employment more attractive, combined with increased uncertainty in outcomes from business start-ups. On the bright side there is an increase in TEA among the young adults (25-34 years) indicating a strengthening of the entrepreneurial culture. Further, the previous observed increase in experienced faire of failure and decrease in entrepreneurial competence seem now to stop and turn towards a better development. Further, there is still a high proportion of the population seeing good business opportunities locally.

  • URL: https://www.gemconsortium.org/report/48794
GEM Norway 2012 Report
Report information
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GEM Norway 2011 Report
Report information
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  • Year of publication: 2011
  • Category: National Reports
  • Language: Norwegian
  • Upload date: 2015-03-27

  • Norway is still the most Entrepreneurial Country in Europe behind Iceland. The finance crisis, and increased complexity and competition explains the decline to a TEA of 7,7 % i 2010. Further reduction is expected in 2011, driven by weak economic cycles. Norway is a country where opportunity driven entrepreneurship dominates. Many Norwegians sees good business ideas, but fewer actually act on their ideas.  

  • URL: https://www.gemconsortium.org/report/48346
GEM Norway 2010 Report
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