Norway

 
Category:   World Travel Directory  :  Europe  :  Norway
 
The Kingdom of Norway, or simply Norway is a country in Northern Europe occupying the western portion of the Scandinavian Peninsula, as well as Jan Mayen and the Arctic archipelago of Svalbard under the Spitsbergen Treaty. The majority of the country shares a border to the east with Sweden; its northernmost region is bordered by Finland to the south and Russia to the east. The United Kingdom and the Faroe Islands lie to its west across the North Sea, and Denmark lies south of its southern tip across the Skagerrak Strait. Bouvet Island and Peter I Island are dependent territories (Norwegian: biland) of Norway, but not considered part of the Kingdom. Norway also lays claim to a section of Antarctica known as Queen Maud Land, a claim that has been recognised by Australia, France, New Zealand and the United Kingdom.  

After the Second World War, the country has experienced rapid economic growth, particularly as a result of large oil deposits discovered in the early 1970s. Today it ranks amongst the wealthiest countries in the world, with the largest capital reserve per capita of any nation. Norway is the world’s fourth largest oil exporter and the petroleum industry accounts for around a quarter of its GDP. Following the ongoing financial crisis of 2007-2009, bankers have deemed the Norwegian krone to be one of the most solid currencies in the world.

Norway also has rich resources of gas fields, hydropower, fish, forests, and minerals. The country was the second largest exporter of seafood (in value, after the People’s Republic of China) in 2006.  Norway was ranked highest of all countries in human development from 2001 to 2006. It was also rated the most peaceful country in the world in a 2007 survey by Global Peace Index.

A unitary state with administrative sub-divisions on two levels known as counties (fylker) and municipalities (kommuner), Norway is a constitutional, hereditary monarchy and parliamentary democracy, with King Harald V as its Head of State. It is a founding member of UN, NATO, the Council of Europe and the Nordic Council, and member of EEA, WTO and OECD.  Source


Norway Facts

Population: 5 million

Capital: Oslo

Currency: Norwegian krone

Area: 148,746 km2

Language: Norwegian

Main Religion: Christian

Calling Code: +47

Time Zone: GMT + 1

Main Cities: Bergen, Trondheim, Oslo, Stravanger