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Norway Location : Northern Europe, bordering the North Sea and the North Atlantic Ocean, west of Sweden
Capital City : Oslo
Curreny : Norwegian krone (NOK)
Languages Spoken : Norwegian (official) note: small Sami- and Finnish-speaking minorities
Climate : temperate along coast, modified by North Atlantic Current; colder interior with increased precipitation and colder summers; rainy year-round on west coast
National Holiday : Constitution Day, 17 May (1814); note - on 14 January 1814 Denmark ceded Norway to Sweden; resisting Swedish domination, Norwegians adopted a new constitution four months later; on 14 August 1814 Norway was proclaimed independent but in union with Sweden; on 7 June 1905 Norway declared the union with Sweden dissolved
Background Information
Despite its neutrality, Norway was not able to avoid occupation by Germany in World War II. In 1949, neutrality was abandoned and Norway became a member of NATO. Discovery of oil and gas in adjacent waters in the late 1960s boosted Norway's economic fortunes. The current focus is on containing spending on the extensive welfare system and planning for the time when petroleum reserves are depleted. In referenda held in 1972 and 1994, Norway rejected joining the EU.
Geographical Note
about two-thirds mountains; some 50,000 islands off its much indented coastline; strategic location adjacent to sea lanes and air routes in North Atlantic; one of most rugged and longest coastlines in world
Economy
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.
Religions
Evangelical Lutheran 86% (state church), other Protestant and Roman Catholic 3%, other 1%, none and unknown 10% (1997)
Ports : Bergen, Drammen, Floro, Hammerfest, Harstad, Haugesund, Kristiansand, Larvik, Narvik, Oslo, Porsgrunn, Stavanger, Tromso, Trondheim
International Disputes - Risks to travellers
: Norway asserts a territorial claim in Antarctica (Queen Maud Land and its continental shelf); despite recent discussions, Russia and Norway continue to dispute their maritime limits in the Barents Sea and Russia's fishing rights beyond Svalbard's territorial limits within the Svalbard Treaty zone
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Norway
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