- Chief of State:
- King Harald V
- Head of Government:
- Prime Minister Erna Solberg
- Government Name:
- Kingdom of Norway
- 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:
- Constitutional Monarchy
Government Control of Economy
Scale ranks countries on a basis of 1-100, with 100 representing the greatest amount of economic autonomy from government intervention.
Source: Heritage Foundation, http://www.heritage.org/index/heatmap (2015)
Country Risk Rating
|A1||The political and economic situation is very good. A quality business environment has a positive influence on corporate payment behavior. Corporate default probability is very low on average.|
|Main Powers||Election Process||Election Cycle 1|
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
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
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.
Foreign Policy Trends: Norway supports international cooperation and the peaceful settlement of disputes, and recognizes the need for maintaining national defense through collective security. Accordingly, the cornerstones of Norwegian policy are active membership in the North Atlantic Treaty Organization (NATO) and support for the United Nations and its specialized agencies. Norway also pursues a policy of economic, social, and cultural cooperation with other Nordic countries--Denmark, Sweden, Finland, and Iceland--through the Nordic Council and bilaterally. In addition to strengthening traditional ties with developed countries, Norway seeks to build friendly relations with developing countries and has undertaken humanitarian and development aid efforts with selected African, Asian, and Latin American nations. Norway also is dedicated to encouraging democracy, assisting refugees, promoting a global response to climate change, and protecting human rights throughout the world.
Regional Trade Blocs: EFTA
International Organization Participation Source: CIA World Factbook
|ADB||AfDB||Arctic Council||Australia Group||BIS||CBSS|
Note: Click table to see details
Environmental Agreements Source: CIA World Factbook
|Air Pollution||Air Pollution-Nitrogen Oxides||Air Pollution-Persistent Organic Pollutants||Air Pollution-Sulfur 85||Air Pollution-Sulfur 94||Air Pollution-Volatile Organic Compounds|
|Antarctic Seals||Antarctic Treaty||Antarctic-Environmental Protocol||Antarctic-Marine Living Resources||Biodiversity||Climate Change|
|Climate Change-Kyoto Protocol||Desertification||Endangered Species||Environmental Modification||Hazardous Wastes||Law of the Sea|
|Marine Dumping||Ozone Layer Protection||Ship Pollution||Tropical Timber 06||Wetlands||Whaling|
Note: Click table to see details
Tax Information 2
- Tax Authority:
- Ministry of Finance
- Tax Name: