2012 OECD Economic Surveys: Norway 2012

image of OECD Economic Surveys: Norway 2012

OECD's 2012 Economic Survey of Norway examines recent economic developments, policies and prospects, and includes more detailed analyses of value for money in public spending and capital tax reform.

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Assessment and recommendations

Norway’s economy was protected from the worst of the recession induced by the 2008-09 financial crisis and should escape relatively unscathed from the current euro area turmoil. This resilience owes a lot to the improvement of the terms of trade and the prudent management of petroleum wealth, which has led to a very strong fiscal position. Norway scores high in international comparisons of material well-being, but also shows up well in other comparisons such as community, environment and safety, and overall life satisfaction.

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