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Norway’s Economy | Mavimore

Norway is the 2nd highest income country in Europe in terms of national income per capita. It is also considered the country with the highest living standards. The Norwegian economy is based on a mixed economic model. A welfare-based free market economy and state ownership in certain sectors go hand in hand. Health services are free in the country. In Norway, where maternity leave can extend up to 46 weeks, the unemployment rate is around 2 percent. The Norwegian government maintains control in sectors such as oil, hydroelectric power generation, aluminum production and communications. Through these sectors, 30 percent of the country’s economy remains in state hands. The Norwegian people rejected becoming a member of the European Union in referendums held in 1972 and 1994. However, the country is within the European Economic Area. Many exports and imports are carried out with European Union member countries. Mavimore Turizm is a travel agency registered with TÜRSAB. Document number: A-8307

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