Norway

Article

January 27, 2022

Norway (Norwegian or Noreg), officially the Kingdom of Norway (Norwegian: Kongeriket Norge or Kongeriket Noreg), is a country in the Nordic region of Northern Europe, which includes the western part of the Scandinavian peninsula, as well as Jan Mayen and the Arctic island of Svalbard. This country, with an area of ​​385,207 square kilometers, has a population of 5.2 million and is one of the least populated countries in the world (the least populated country in Europe). The capital of Norway is Oslo. Most of the country borders Sweden to the east, while the northernmost region borders Finland to the south and Russia to the east. The long indented Norwegian coast along the North Atlantic and along the Barents Sea is known for its fjords, and the territory of the country itself has an elongated shape. The far south of Denmark is separated by the Skagerrak. After the end of World War II, Norway experienced rapid economic growth that began in the first two decades with the industrialization of maritime transport and trade, and continued to exploit large oil and natural gas fields in the North and Norwegian Seas from the early 1970s. Today, Norway is the sixth richest country in terms of GDP per capita, with the highest human development index in the world. It is the fifth largest exporter of oil, and the oil industry accounts for about a quarter of GDP. During the Great Recession (2007-2010), the Norwegian krone proved to be one of the world's most stable currencies. Norway is rich in oil, natural gas, hydropower, forests and minerals, and in 2006 it was the second largest exporter of seafood (after China). Other important industries include transportation, food processing, shipbuilding, metallurgy, the chemical industry, mining, and the wood and paper industries. Norway nurtures a Scandinavian social model with universal health care, subsidized higher education and an extensive social security system. It was the highest ranked country in the world in terms of human development index from 2001 to 2007 and again from 2009 until today. In 2007, it was rated the most peaceful country in the world according to the Global Peace Index. According to the organization, the constitutional monarchy and parliamentary democracy are headed by the head King Harald V and the Prime Minister Ern Solberg. It is a unitary state with an administrative division on two levels: district

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