Norway Economy

The economy of Norway has grown continually since the start of the industrial era. Shipping has long been an important factor of Norway's export sector, but much of Norway's economic growth has been the result of its abundance of natural resources, especially petroleum, hydroelectric power, and fisheries.

Agriculture and traditional heavy manufacturing are now less important than they used to be for Norway’s economy. The public sector has grown rapidly in parallel with the economy as a whole now being among the largest in the world relative to the size of the population.

Norway’s main industries are those relating to petroleum and gas, to shipbuilding, pulp and paper products, metals, timber, mining, textiles and fishing. The main exports are petroleum and petroleum-related products, machinery and equipment, metals, chemicals, ships, and fish.

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