Key Figures

Chief of State:
King Harald V
Head of Government:
Prime Minister Jonas Gahr Store

Overview

Government Name:
Kingdom of Norway
Constitution:
Adopted: 1814; Outlines the country's form of government and religion, the executive power, the King, and the Royal Family, rights of citizens and the legislative power, the judicial power, and general provisions
Government Type:
Parliamentary Constitutional Monarchy
Kingdom of Norway Flag
Coat of Arms of Kingdom of Norway

Index of Economic Freedom

Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. Source: Heritage Foundation (2023)

Country Risk Rating

A2
The political and economic situation is good. A basically stable and efficient business environment nonetheless leaves room for improvement. Corporate default probability is low on average. Source: Coface (2023)

Government Branches

Main Powers Election Process Election Cycle 1
Executive

King is mainly symbolic power, but has influence as the symbol of national unity. Cabinet of Norway convenes formally to make decisions on matters of State, passing so-called Royal Resolutions. Prime Minister acts as the political leader of Norway and the Head of His Majesty's Government, few statutory powers, but can command the support of their parliamentary party and can control both the legislature and executive (de facto powers).

Prime minister is appointed by the monarch and cabinet members are chosen by the prime minister.

Prime minister: 4 years

Judicial

Highest court in Norway and also the court of appeal.

Judges appointed by the monarch upon the recommendation of the Judicial Appointments Board.

Mandatory retirement age of 70

Legislative

Acts as a supporting political body for the prime minister and is named after the prime minister. Storting acts as the supreme legislature of Norway.

Elected through an open-list proportional representation system.

4 years

Regional Trade Blocs

International Organization Participation [2]

Environmental Agreements [3]

Tax Information [2]

Tax Authority:
Ministry of Finance
Tax Name:
VAT

Sources:

  1. ElectionGuide http://www.electionguide.org/
  2. EY, http://www.ey.com
  3. CIA World Factbook, https://www.cia.gov/the-world-factbook/
  4. U.S. Bilateral Relations Fact Sheets http://www.state.gov/r/pa/ei/bgn/