Norway is a sovereign and unitary monarchy whose territory comprises the western portion of the Scandinavian Peninsula plus the island Jan Mayen and the archipelago of Svalbard.
The country maintains a combination of market economy and a Nordic welfare model with universal health care and a comprehensive social security system. Norway has extensive reserves of petroleum, natural gas, minerals, lumber, seafood, fresh water and hydropower. The petroleum industry accounts for around a quarter of the country's gross domestic product (GDP).[1] On a per-capita basis, Norway is the world's largest producer of oil and natural gas outside the Middle East.[2][3]
For further information on the types of business entities in this country and their abbreviations, see "Business entities in Norway".
^"UPDATE 1-Statistics Norway raises '07 GDP outlook, cuts '08". Reuters. 6 September 2007. Retrieved 8 March 2009.
^"Country Comparison :: Crude oil – production". CIA – The World Factbook. Archived from the original on May 12, 2013. Retrieved 2016-03-16.
^"Country Comparison :: Natural gas – production". CIA – The World Factbook. Archived from the original on June 16, 2013. Retrieved 2016-03-16.
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