On behalf of the American Chamber of Commerce, Menon Economics has analyzed US companies’ investments and activities in Norway. The report provides a full overview of US companies in Norway, and their activity over the last years, including their contribution to employment and value creation. The US is one of Norway’s closest and most important allies, a bond that is further strengthened through excellent business relations and economic partnerships.

In this report, we highlight the strong economic ties between the two countries by analyzing the impact of US companies on the Norwegian economy. US corporations have steadily increased their presence in Norway, with almost 400 active companies in 2022, with a combined employment close to 42,000 individuals. In addition, US companies contribute significantly to Norwegian economic activity. American companies contributed with a gross value added of NOK 117 billion, accounting for 2.3% of the Norwegian GDP.

US companies have played a crucial role in the success of specific sectors in Norway, particularly in the petroleum and healthcare industries. Through case studies we highlight companies like ConocoPhillips and Thermo Fisher Scientific, companies that have been instrumental in these industries. Moreover, US companies such as Google and Tesla have introduced highly successful products to Norwegian consumers.

The report (click here)

Contacts in Menon is Jonas Erraia and Per Fredrik Johnsen