83893228-Norway-Pestel.pptx
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• Unitary parliamentary democracy and Constitutional monarchy
• Population- 4.99million• Extensive reserves- petroleum, natural gas, minerals,
lumber, hydropower• Largest producer(per capita basis)- oil and natural
gas• Highest HDI• GDP- $479 billion, Per capita- $53,738• Currency- Norwegian Krone• Major Industries- Petroleum and gas, food
processing, shipbuilding, refinery products, fertilizers, petrochemicals, textiles, transport equipment,
ABOUT-NORWAY
PESTEL ANALYSIS- POLITICAL• Norway is a Unitary Constitutional Monarchy.
• King of Norway is the head of state and PM the head of Government.
• Role of Monarch has been representative and ceremonial.
• Government is formed for a period of 4years and is stable.
• Legislation is formed by simple parliamentary majority.
ECONOMICAL
22%
16%
15%11%
7%
4%
1%
24%
GDP by activity
Oil and gas
Government
Mnftg, mining, building
VAT
Commodities
Comm and Transp
Agriculture, forestry
Services
EXPORTS -2010- -$178 billion
IMPORTS-2010--$122 billion
U.K. 27%, Sweden 14%,
Netherlands 12%, Germany 12.3%,
Germany 11%, China 8.4%,
Sweden 7% Denmark 6.1%,
France 6%, U.K. 5.9%,
U.S. 5%. U.S. 5.2%.
• Oil and gas sector lead to investment in social welfare system and increased wages.
• Unemployment rate- 3.4% in April 2011, Inflation- 2.7%• Voted twice against joining EU, other than agricultural and
fisheries section,• Monetary policy- aimed at maintaining a stable exchange
rate for the krone against European currencies, of which the euro is a key operating parameter.
• Flexible exchange rates.• Standard of living- 90% higher than USA• Mixed economy and capitalist welfare state with free activity
Labor %
Agriculture
Industry
Services
• Nationality-Norwegian(s)• Population-49,37,000(Jan 2011)• Annual population growth rate-1.3%(2009)• Ethnic group-Norwegian, Sami, Nordic• Registered religions-Church of Norway
(Lutheran) 78%, Roman Catholic 1.3%; Pentecostal Christian 0.8%, Other Christian 3.5%,Muslim 2.0%,other or unknown 14.4%, including a Jewish community of approximately 818 people.
SOCIO-CULTURAL
• Languages-Bokmal Norwegian (official), Nynorsk Norwegian (official), small Sami- and Finnish-speaking minorities.English is widely spoken.
• Literacy-100%• Workforce-3.6 millions• Independent identity in the areas of
literature, art and music.• Early adopters of women rights, minority
rights.
TECHNOLOGICAL
• Norway had immense technological expertise in petroleum exploration and production.
• 3% of GNP spent on R&D • Shell Technology Norway (STN)• STN manages a portfolio of R&D projects
within the Subsea & Deepwater, Cleaner Production, Well Technology and Arctic Technology themes
LEGAL
• Norway’s Labour Law • Labor policies• Intellectual and Industrial Property Rights• Obtaining a business license requires less
than the world average of 16 procedures.• The judicial system is sound and efficient,
providing secure protection of private property rights and good enforcement of commercial contracts.
ENVIRONMENTAL
• Act relating to Biobanks 2003• Greenhouse gas emission trading act 2004• Among top five countries as per EPI
• Norwegian petroleum directorate