Foreign Multinationals in Norway

The in-depth Report

AmCham proudly presents Foreign Multinationals in Norway, an in-depth analysis of the economic impact and contributions of foreign-owned enterprises in Norway, available in both English and Norwegian. The report was jointly commissioned by AmCham Norway and Abelia, and was authored by Steinar Leknessund (Perceptor) and Espen Kvalheim (Nard). It was made possible by AIG, Pfizer, and other AmCham and Abelia member companies.

Key Facts & Figures

Share of Private Sector Employment (2017)

Despite constituting only 1.4% of all entities in Norway, multinational companies are responsible for approximately 20% of private sector employment (2017).

0 %
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Share of Private Sector Revenue (2018)

Just as with employment, foreign multinationals also make an outsized contribution in regard to revenue generation.

Top Ten Sources of FDI (2018)

Country

Share of FDI

Number of Enterprises

Share of Employment

Share of Revenue

Sweden

21.1%

2 274

24.6%

19.0%

Netherlands

10.1%

294

3.6%

5.9%

Luxembourg

9.5%

115

1.3%

0.7%

USA

8.3%*

656

13.8%

17.9%

UK

7.3%

701

10.6%

7.8%

Finland

4.5%

301

3.5%

5.7%

Denmark

4.2%

980

9.7%

7.0%

France

3.7%

237

5.3%

6.1%

Switzerland

2.6%

115

1.3%

0.7%

*The recently released SSB article “USA investerer stort i Norge via andre land” notes US entities were behind 20% of all FDI into Norway in 2018, if one takes into account instances were US companies routed investments through other countries. 

NOK 1.988 million

Per employee value creation in foreign-owned enterprises

NOK 1.527 million

Per employee value creation in domestic-owned enterprises

Tax As Percentage of Total Paid (Industry)

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