Despite its neutrality, Norway was not able to avoid occupation by Germany in World War II. In 1949, neutrality was abandoned and Norway became a member of NATO. Discovery of oil and gas in adjacent waters in the late 1960s boosted Norways economic fortunes. The current focus is on containing spending on the extensive welfare system and planning for the time when petroleum reserves are depleted. In referenda held in 1972 and 1994, Norway rejected joining the EU.

InsideWorld provides country background information for many countries and regions. Information covers topics like economy, government, demographics, geography and more.

Go to InsideWorld’s Country Information:
 

For more information about current affairs, business, economy, politics and more, use InsideWorld's free daily e-mail news service.

If you would like to receive news, but do not have an InsideWorld account yet, click below to setup your free account now and start receiving news right away.