This 2005 Economic Survey of Norway's economy examines key economic challenges including monetary policy issues, labour and product market competition, fiscal policy, the long-term sustainability of the welfare system and the performance of the ...

This 2005 survey of the Norwegian economy examines key challenges including long-term sustainability of the pension and welfare systems and performance of the health care sector.

OECD's periodic survey of Norway's economy. This edition examines the economic challenges facing Norway in the coming years, including preserving Norway's economic success, managing monetary policy under low inflation, putting public finances on a ...

The 2010 edition of OECD's periodic review of Norway's economy. This edition features chapters covering the impact of the crisis and Norway's emergence from it, long-term challenges of fiscal policy, and sustainable development: climate change and ...

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.

The OECD's periodic review of Norway's economy. It finds that Norway has seen several years of strong growth and very low unemployment, but that it will not be untouched by the current slowdown. The survey examines three key economic challenges ...

Examines whether the Norwegian model is sustainable under conditions of rapid population ageing and reduction of petroleum reserves, and suggests how competitiveness and innovation could be further developed.

This 2014 OECD Economic Survey of Norway examines recent economic developements, policies and prospects. Special chapters cover real estate markets and financial risk and entrepreneurship.

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

Norway’s economy is slowing as inflation and higher interest rates weigh on consumption and investment. The labour market is tight and wage growth robust, while labour shortages and job mismatches are high and rising. Inflation is falling but still way above the target of 2%. The fiscal stance is expansionary. It should become contractionary to support monetary policy. While Norway is one of the OECD’s most productive countries, productivity growth over the past decade has been weak. Making skills more relevant, notably by strengthening vocational education and training, could help raise productivity and ease tight labour markets. Higher and broader taxation of greenhouse gas emissions and investing in lower‐cost emission cuts would help achieve emission reductions more efficiently. Public spending as a share of GDP is the highest in the OECD, which brings important benefits in the form of high-quality public services. However, oil revenues are set to decline, and ageing costs to rise, foreshadowing strains on public finances in the future. Norway could benefit from applying a medium-term expenditure framework, introducing a spending rule, and establishing a full-fledged fiscal council. Reforming the very generous sickness and disability scheme could help reduce spending pressures and increase employment. Regional policy should become more cost-conscious. Infrastructure investment is very high, and imposing a minimum benefit-cost ratio on individual projects and strengthening ex-post evaluations could help improve its effectiveness. SPECIAL FEATURE: RAISING THE EFFECTIVENESS OF PUBLIC SPENDING