Hand in hand with the EU

Published:

8 out of 10 foreign enterprise groups with subsidiaries in Norway were controlled from countries within the European Union. The most important ownership country outside Europe was the United States.

 

250 legal units and branches were subject to foreign control during 2017, and in total there were 7 935 foreign subsidiaries in Norway, according to new figures from Foreign subsidiaries in Norway. These units accounted for 328 000 employees and NOK 1 324 billion in turnover. Measured in number of subsidiaries, Sweden was the most important ownership country with 2 274 units, followed by Denmark with 980 and Great Britain with 701.

Sweden first, America second

Total value added generated by foreign subsidiaries in Norway amounted to NOK 406 billion in 2017. Swedish enterprise groups accounted for more than 20 per cent, while US enterprise groups accounted for around 18 per cent.

Figure 1. Share of value added

Value added
Sweden 21 % 82945373
USA 18 % 73052662
Netherlands 12 % 46763830
France 8 % 33404823
Germany 7 % 29367239
Great Britain 7 % 28503480
Denmark 6 % 25479738
Others 21 % 83967135

Figure 2. Employees by ultimate control

Europe America Asia Africa Oceania
Others 7103 5596 7175 164 1264
China 5366
USA 45347
EFTA-countries 19185
EU-countries 237255

 

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