Norway Economy

With a population of approximately 5 Million (as at 2012 Census), the Norwegian economy according to the IMF in 2011 ranks 46th in the world with a GDP PPP of 265.9 billion. In addition its GDP PPP per capita for 2011 per capita is 53,471 vs 48,387 (United States). The currency it uses is the Norwegian krone (NOK) issued by its central bank, the Norges Bank.Within Norway bank deposit products that are held for a fixed term and have a fixed interest rate of return are called 'Fastrenteinnskudd' or in english fixed deposits. Norway are called fixed deposits. According to its inflation was 1.4% in 20011 and 2.5% in 2010.