IMD World Competitiveness Booklet 2023

Norway Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Oslo

624 2022

6

7

9,614 2022

Exchange rate (per $)

9

11

5,45 2022 48 579,3 2022 25 78.130 2022 07 3,3 2022 38 5,76 2022 15 4,29 2021 23 2,93 2021 47 30,31 2022 01 150,2 2021 39 2,89 2021 31

Population - market size (millions)

14

Gross Domestic Product (GDP) (US$ billions)

GDP (PPP) per capita (US$)

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices Attitudes & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

1

4

5

6

6

11

11 11

12

16

17

21 17

19

24

26

29 27

46

48

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS < 20 MILLION (37 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

5

5

6

6

7

8

8

10

10

12

98 Competitiveness Country Profiles