Norway is the world’s most prosperous country according to the Legatum Prosperity Index1. The index defines prosperity in terms of both wealth and well-being and finds that the most prosperous nations in the world are not necessarily those that have only a high GDP, but are those that also have happy, healthy and free citizens.
Norway is a country of excellent financial opportunities, created by an advanced professional environment and the world in financial market development2. This position is strengthened by being the most politically stable country in the world3.
Norway’s success can be attributed to its massive petroleum affluence, shrewd financial management and an effective policy response to reduce the effects of the global financial crisis.
Besides that, Norway ranks second best in Europe in Green Investing4 and is leads the world in Human Development5 and in English proficiency6.
The most problematic factors for doing business in Norway2 are considered to be:
• Restrictive labour regulations
• Tax rates
• Inefficient government bureaucracy
1 Legatum Prosperity Index 2011
2 Global Competitiveness Report 2011-2012 (World Economic Forum)
3 IMD World Competitiveness Yearbook 2010)
4 World Economic Forum, 2011
5 Human Development Report 2010, UNDP
6 Education First, 2011