USA, Sweden and France important foreign-controlled enterprises

Foreign-controlled enterprises, especially from the USA, Sweden and France, had a large share of the value added in Norway in 2007, reports Statistics Norway.

The USA was the most important owner measured in value added, with a share of 35 per cent of the foreign-controlled enterprises, followed by Sweden and France, with 14 per cent each. Measured in number of enterprises and employees, Sweden was the largest owner. A total of 32 per cent of the foreign-controlled enterprises were controlled from Sweden, and these Swedish-controlled enterprises comprised 27 per cent of the employment.

In 2007, value added for the foreign-controlled enterprises was NOK 362 billion. This equals about 27 per cent of total value added in Norway. Value added per employee in the foreign-controlled enterprises was NOK 1 285 000, compared with approximately NOK 950 000 for the whole business economy. Foreign-controlled enterprises within oil and gas extraction, wholesale and retail trade and manufacturing accounted for 36, 29 and 27 per cent respectively of total value added in these industries.

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