72732 World Trade Indicators 2009/10 Norway: Trade-at-a-Glance Table 2008 GDP 2008 GDP 2008 Share 2008 Trade Membership No. of FTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $449,996 $94,353 0.90% $72,392 1948 1995 19 6 TRADE PERFORMANCE‡ Norway Ranking Decile HI OECD High inc TRADE POLICY (TP) (out of 125) 8 1 EXTERNAL ENVIRONMENT (EE) (out of 125) 40 4 INSTITUTIONAL ENVIRONMENT (IE) (out of 183) 10 1 TRADE FACILITATION (TF) (out of 155) 10 1 TRADE OUTCOME (TO) (out of 157) 116 8 Outer bound represents best value in latest year ‡ Rankings are based on the representative indicators (in bold) in each group below for the latest year TRADE POLICY (TP) 1995-99^ 2000-04^ 2005-08^ Latest Tariff Trade Restrictiveness Index TTRI (MFN applied tariff) 1.9 2.2 2.2 * TTRI (applied tariff including preferences) .. 1.8 1.8 * MFN applied tariff (spl avg) OTRI (Overall TRI, applied tariff incl. prefs.+NTMs) .. 4.5 4.4 * MFN applied tariff - simple avg (%) 7.7 7.3 8.4 9.2 TTRI (MFN) Dispersion (coefficient of variation) 4.5 6.7 5.1 5.1 Maximum rate (excl. alcohol and tobacco) .. .. 1000.0 1000.0 Agriculture - simple avg (%) 34.5 45.8 60.0 66.3 MFN applied tariff (wgt avg) Nonagriculture - simple avg (%) 4.7 1.7 0.6 0.6 MFN applied tariff - trade weighted avg (%) 4.2 2.6 2.4 2.6 Applied tariff (wgt avg) Applied tariff (incl. prefs.) - trade weighted avg (%) 2.6 1.7 1.8 2.0 Agriculture 18.9 23.8 28.6 32.4 Import duties Nonagriculture 1.9 0.3 0.1 0.1 Applied tariff (incl. prefs.) - production weighted avg (%) .. .. .. 0 10 20 30 MFN applied tariff escalation (finished % minus raw %) -5.6 -6.0 -6.3 Norway HI OECD High inc Agriculture .. -11.7 53.7 58.9 Nonagriculture .. 1.4 1.1 1.1 Import duties (% of imports) .. 0.4 0.3 0.3 * Tariff overhang (MFN bound minus MFN applied rate,%) -4.7 -4.2 12.5 11.7 GATS commit. Bound tariff frequency ratio (% of total lines) .. 100.0 100.0 100.0 index Non-ad valorem tariff frequency ratio (%) 12.1 5.7 10.5 10.7 Non-tariff measures frequency ratio (%) 14.9 .. .. .. 0 40 80 Anti-dumping initiations 0.0 0.0 0.0 0.0 Norway HI OECD High inc Overall GATS commitment index (0-100, best) .. 56.55 56.55 * EXTERNAL ENVIRONMENT (EE) 1995-99^ 2000-04^ 2005-08^ Latest Market Access-TTRI (MA-TTRI, applied tariff incl. prefs.) 2.1 1.6 * MA-TTRI MA-OTRI (applied tariff incl. prefs. and NTMs) 5.0 3.8 * ROW applied tariff (incl. prefs.) - trade weighted avg (%) 2.5 1.4 0.8 0.8 ROW applied(wgt avg) Agriculture 17.8 12.2 11.8 13.9 Nonagriculture 2.4 1.3 0.7 0.7 MFN zero-duty exports (% of total exports) 45.1 58.2 71.2 68.3 * MFN zero duty exports (%) Exports to FTA / CU partners (% of total exports) 1.7 2.0 43.7 86.3 Norway HI OECD High inc Anti-dumping initiations faced 0.2 0.8 0.0 0.0 0 1 All numbers normalized to a 0 to 1 scale Real effective exchange rate (% change,+ =apprec.) -0.1 0.9 1.8 2.4 All data are as of January 2010 and are drawn from the World Trade Indicators 2009/10 Database. The database, Trade-at-a-Glance Tables, Country Trade Briefs and User Guide, are available at http://www.worldbank.org/wti. ^ Indicators shown are period averages. "Latest" indicates 2008, when not available, 2006 or 2007 (noted by *). EAP: East Asia and Pacific, ECA: Europe and Central Asia, LAC: Latin America and the Caribbean, MNA: Middle East and North Africa, SAS: South Asia, SSA: Sub-Saharan Africa. GATT: General Agreement on Tariffs and Trade; WTO: World Trade Organization; FTA: free trade agreement; EIA: economic integration arrangement; NTM: nontariff measures; ROW: rest of the world; CU: customs union; ".." indicates missing value. World Trade Indicators 2009/10 Trade-at-a-Glance Tables INSTITUTIONAL ENVIRONMENT (IE) 2006 2007 2008 2009 Ease of Doing Business (rank out of 183) .. 9 10 10 Ease of Starting a business (rank) .. 26 25 35 Doing 160 Business Enforcing contracts (rank) .. 10 6 4 Rank Closing a business (rank) .. 3 3 3 80 World Governance Indicators (WGI) 2005 2006 2007 2008 Norway Regulatory Quality (-2.5 to +2.5, best) 1.47 1.35 1.44 1.34 HI OECD Rule of Law (-2.5 to +2.5, best) 1.92 2.00 1.98 1.96 High inc 0 Control of Corruption (-2.5 to +2.5, best) 1.96 2.07 2.05 1.88 TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-08^ Latest Logistics Performance Index (LPI, 1 to 5 best) .. .. 3.8 3.9 Efficiency of customs and other border procedures .. .. 3.8 3.9 Quality of transport and IT infrastructure .. .. 3.8 4.2 Logistics Performance Ease of arranging competitively-priced shipments .. .. 3.6 3.4 Index Logistics competence .. .. 3.8 3.9 Ability to track and trace shipments .. .. 3.7 4.1 0 2 4 Timeliness of shipments .. .. 4.2 4.4 Norway HI OECD High inc Trading Across Borders (Doing Business, rank out of 183) 7 9 No. of documents required for export .. .. 4 4 200 No. of days required to export .. .. 7 7 160 Cost to export (US$ per container) .. .. 596 830 120 No. of documents required for import .. .. 4 4 80 No. of days required to import .. .. 7 7 40 Cost to import (US$ per container) .. .. 533 729 0 Telephones (fixed + mobile) per 100 people 96.5 135.0 150.8 152.5 * Trading Across Borders Rank Internet users per 100 people 18.5 55.8 81.8 84.8 * Norway HI OECD High inc Export credit insured exposures - short term (% of goods export) .. 20.2 19.9 TRADE OUTCOME (TO)# 1995-99^ 2000-04^ 2005-08^ Latest Real growth in trade of goods and services (%) ## 5.8 2.2 4.0 2.7 Real Trade Growth Rate 10 Exports 5.3 1.6 1.4 1.3 9 8.7 8.4 8 Imports 6.9 3.0 7.5 4.4 7 6.6 6.7 6 5.8 5.8 5.8 Goods 6.1 1.5 2.6 -1.8 5 4 4.0 Services 5.5 4.3 8.6 2.1 3 2.7 2.7 2 2.2 2.3 Nominal growth in trade of goods and services (%) 5.8 10.2 17.4 17.2 1 0 Exports 6.4 12.1 18.7 20.7 1995-99 2000-04 2005-07 2008 Imports 5.4 8.0 15.6 11.8 Norway HI OECD Trade integration (trade as % of GDP) 71.9 71.3 74.8 76.7 High inc Goods balance (% GDP) 5.9 13.8 17.0 18.4 Export Composition (2005-08) Food balance (% GDP) 0.9 0.7 0.4 0.2 Travel , Oth com Services balance (% GDP) 0.6 1.0 0.3 0.3 2.3 ser, 8.7 Agric, 4.3 Goods share of total exports (%) 75.0 76.4 78.0 78.6 Transport Manufac, 13.4 , 10.8 Services share of total exports (%) 25.0 23.6 22.0 21.4 Goods exports as a share of world goods exports (rank)** 29 27 27 29 Services exports as share of world services exports (rank)** 22 25 24 25 Foreign Direct Investment (FDI) inflows (% of GDP) 2.6 1.7 1.1 -0.3 Minral, Total remittances inflows (% GDP) 0.2 0.2 0.2 0.2 5.6 Export product concentration index (0-100, most) 37.8 45.7 43.6 41.7 Fuels, 51.8 Export market concentration index (0-100, most) 29.7 30.8 31.2 29.7 Top 5 export markets (shares) UK (27%), Germany (13%), Netherlands (10%), France (9%), Sweden (6%) Top 5 import markets (shares) Sweden (14%), Germany (13%), Denmark (7%), China, People's Rep. of (6%), UK (6%) Top 5 export products (SITC 3 digit-shares) 333-Petrol, crude (41%), 343-Natural gas (22%), 334-Hvy petrol. (5%), 684-Aluminium (4%), 34-Fish (3%) Top 5 import products (SITC 3 digit-shares) 781-Cars (4%), 793-Ships (4%), 334-Hvy petrol. (3%), 284-Nickel ores/concs/etc (3%), 821-Furniture (2%) ^ Indicators shown are period averages (except for Trading Across Borders rank: 2005-08 reflects 2008). "Latest" indicates 2008 (for Doing Business, LPI 2009), when not available, 2006 or 2007 (noted by *). # Outcome indicators are from the World Bank Development Data Group, Prospects Group, UNCTAD and COMTRADE. ## In constant 2000 US dollars. ** Rank is based on average annual world share for each period. The sample sizes are 173, 179, 180 and 173 countries, respectively.