The economy of Norway is a mixed economy, a prosperous capitalist welfare state featuring a combination of free market activity and large state ownership in certain key sectors. The country is richly endowed with natural resources including petroleum, hydropower, fish, forests, and minerals.
Oslo is the capital and largest city in Norway. Oslo’s port is the largest general cargo port in the country and its leading passenger gateway. Oslo is home to some of which are the world’s largest shipping companies, shipbrokers, and insurance brokers.
Oslo has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.