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Why invest in Norway?

Hunderfossen hydropower plant in Norway

Norway offers a unique blend of innovation, sustainability and stability, making it an ideal location for businesses. Among other things, we have a highly skilled workforce, renewable energy and a strategic location on the coast of Northern Europe.

Choose Norway for your next business venture

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Clean, renewable energy

Electricity generation in Norway is based nearly 100% on renewable energy sources. In 2023, an impressive 89% of Norway’s electricity was produced from hydropower and 9% from wind power (source: Norway - Countries & Regions - IEA).  

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Efficient, highly skilled workforce

Norway has consistently ranked in the top 10 of IMD’s world talent ranking since 2020 (source: Talent Norway 2024 - IMD business school for management and leadership courses). Norwegian workers are trustworthy and well-educated, with well-developed problem-solving skills. 

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Great place to do business

Thanks to its stability, digitalised society, world-class infrastructure and strong economy, Norway is a great place to do business. In the World Bank’s latest ranking, Norway ranked no. 4 in Europe for Ease of Doing Business (source: Doing Business 2020).

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Great place to live and work

Norway is no. 2 in the world on the Human Development Index (source: Country Insights | Human Development Reports). The country offers a high standard of living, excellent healthcare and education, good work-life balance, public safety and a clean environment.

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Discover Norway

Located in Northern Europe, Norway extends along the western edge of the Scandinavian Peninsula and crosses the Arctic Circle. It is bordered by Sweden, Finland and Russia, and has the longest coastline in Europe along the North Atlantic Ocean.

Explore Norway’s diverse regions

10 key facts about Norway

  1. Population: approx. 5.5 million
  2. Area: 384 483 km
  3. Capital: Oslo
  4. Three largest cities: Oslo area (1.1 million), Bergen (270 000), Stavanger/Sandnes (234 000)
  5. Government: Constitutional monarchy
  6. Currency: Norwegian krone (NOK)
  7. Credit rating: One of 11 countries in the world with an AAA rating
  8. EU: Norway is a part of the European Economic Area (EEA) and a member of the EU’s single market
  9. Airports: 55 airports, most of which are small domestic airports (Airports in Norway - Flightradar24)
  10. Ports: Ships can call at over 3 000 ports and quays in Norway (Kystinfo)
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Norwegian business culture

Norwegian business culture is characterised by a strong emphasis on equality, transparency and work-life balance. Hierarchies are generally flat, and decision-making is often collaborative, reflecting the country’s egalitarian values. Punctuality and direct communication are highly valued, with a focus on clear and concise exchanges.

Additionally, Norwegians prioritise sustainability and corporate social responsibility, integrating these principles into their business practices. This approach fosters a respectful and inclusive work environment where everyone’s input is valued.

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Get in touch with Invest in Norway

We have a team of people ready to support you. Some of us specialise in specific regions of Norway, whereas others specialise in specific industries. We will always do our best to assist those looking to invest in Norway.