2016 OECD Economic Surveys: Norway 2016

image of OECD Economic Surveys: Norway 2016

This 2016 OECD Economic Survey of Norway examines recent economic developments, policies and prospects. The special chapters cover: Higher education; Agriculture and rural policy.



Assessment and recommendations

Norway’s economy has been transformed since the discovery of commercially viable offshore oil and gas fields in the late 1960s which helped the country to achieve a high level of GDP per capita (). Good macroeconomic management of the oil wealth via the sovereign wealth fund and the associated fiscal rule has helped achieve impressive standards of living across society. Also, inflows of labour from other European Economic Area (EEA) countries have supported activity and reduced the risk of overheating.



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