Norway Economy

Work abroad sounds like an adventure to many people. However, job search in Norway requires more than just the obvious Norway CV with Norway cover letter writing and translation, it requires thorough preparation. You will experience problems that probably did not even come to your mind when you decided to find jobs in Norway.

Do not take too lightly the influence work in Norway can have on the effect of your adventure! For instance, you will experience the different immigration rules and practices, odd job application procedures, different candidate selection criteria and unusual management culture.

Most visits to Norway are trouble-free but you should be aware of the risk of indiscriminate terrorist attacks, which could be against civilian targets, including places frequented by expatriates and foreign travellers like restaurants, hotels, clubs and shopping areas. In recent years, the Norwegian authorities have carried out a number of investigations and operations against terrorist networks.
Monitor local news broadcasts and consular messages. Ensure that your travel documents and visas are current, valid and secured in a safe place. Carry a photocopy of your travel documents in lieu of the originals. Maintain a low profile, vary times and routes of travel, and exercise caution while driving. Making local contacts quickly and seeking support from other expatriates will greatly increase your comfort and safety.

Norway economy - overview: The Norway 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, which accounts for the largest portion of export revenue and about 20% of government revenue. Norway is the world's second-largest gas exporter; and seventh-largest oil exporter.

Norway opted to stay out of the EU during a referendum in November 1994. The government has moved ahead with privatization. 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 over $500 billion in 2011 and uses the fund's return to help finance public expenses.

After solid GDP growth in 2004-07, the economy slowed in 2008, and contracted in 2009, before returning to positive growth in 2010-11, however, the government budget is set to remain in surplus.

Labour force - by occupation: services 74%, industry 22%, agriculture, forestry and fishing 4% (1995)

Unemployment rate: 3.4% (2011 est.), 2.6% (2008 est.), 3.9% (2002 est.)

Natural resources: petroleum, copper, natural gas, pyrites, nickel, iron ore, zinc, lead, fish, timber, hydropower

Industries: petroleum and gas, food processing, shipbuilding, pulp and paper products, metals, chemicals, timber, mining, textiles, fishing

NorwayCurrencyCurrency: Norway Krone (NOK; symbol Kr) = 100 øre. Notes are in denominations of Kr1,000, 500, 200, 100 and 50. Coins are in denominations of Kr20, 10, 5 and 1, and 50 øre.

Credit/Debit Cards and ATMs: All major credit and debit cards are widely accepted. ATMs are widely available.

Traveller’s Cheques: Accepted in banks, hotels, some shops and by airlines.

Exchange rates: Norway kroner per US dollar - 5.432 (2011 est.), 6.0442 (2010 est.), 6.288 (2009), 5.6361 (2008), 5.86 (2007), 6.418 (2006), 6.445 (2005), 6.7327 (2004), 7.98 (2002), 8.99 (2001), 8.8 (2000), 7.8 (1999), 7.55 (1998)

Inflation rate (consumer prices): 1.4% (2011 est.), 3.6% (2008 est.)

Other Norway Economy Info

To be successful in your Norway job search and getting the job you want, you need to prepare Norway cover letter and Norway CV which you must email instantly to the prospective employers selected during a job search in Norway.

When you receive an invitation to the Norway job interview, you may apply for the Norway visa and Norway work permit. Then prepare yourself for a job interview and take a look at Norway dress code because how you dress is one of the most important attributes in being hired.

Check the job interview dos & don'ts and other job search skills pages. Find out why people are not hired for available jobs.

In addition, on the international info, job search, visa, work permit, cover letter, CV & resume, job interview and dress code pages you will find many useful tips for overseas job seekers.

Good luck with the Norway economy info!