Norway Binary Options Resources
One of the most financially sound countries in Western Europe is of course Norway and it may be worth taking a look through the following guide for we will enlighten you on a range of different aspects to just how well Norway is doing.
You will always find plenty of companies who are based and trade in Norway to base your Binary Options trades on so please do read on to discover a large range of relevant and important facts and figures surrounding Norway as you will then be able to make possibly a much more informed decision on where to place your trades.
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National Bank
The Central Bank of Norway website is where you will lots of wealth of information in regards to the regulation of all banking institutions that are licensed to operate in Norway. Recent ratings given for Government Bonds in Norway are as follows: Standard & Poor’s: AAA, Moody’s rating: Aaa and the Moody’s outlook is listed as being: STA.
Norway is another country who whilst in Europe has chosen to keep on using their own home currency, and that currency of reference is the Norwegian Krone.
Norway International Financial Reserves
Based on the latest set of figures released Norway has International Reserves of US$ 64.789 billion.
Real GDP Growth in Norway
Based on the last batch of finalised reports in the last 12 years Norway had 1 year of negative real GDP and below you will find the information regarding just which years were negative and positive.
The figures for real GDP growth since 2003 to 2014 are as follows: 2003 1%, 2004 3.9%, 2005 2.6%, 2006 2.3%, 2007 2.7%, 2008 0.1%, 2009 -1.6%, 2010 0.5%, 2011 1.3%, 2012 2.9%, 2013 0.6%, 2014 1.8%.
Norway GDP as a Percentage of Composition by each Market Sector
The following three market sectors and their respective figures are the percentage of composition on each of those market sectors of GDP of Norway.
The Agriculture market sector makes up 1.2% of GDP in Norway, whilst the Industry market sector makes up 42.3% of the total GDP in Norway and the Services market sector is responsible for 56.6% of total GDP in Norway.
Inflation and Unemployment in Norway
The rate of inflation in Norway over the last four years has been reported as being as follows: 2011 1.3%, 2012 0.7%, 2013 2.1% and in 2014 the rate of inflation was 2.0%. Unemployment in Norway again over the same four year period has been reported as being 2011 3.3%, 2012 3.2%, 2013 3.5% and in 2014 3.7%.
Where to Place Binary Options Trades on Companies Based in Norway
Norway can offer Binary Options traders a wealth of trading opportunities, and we do of course have plenty of Binary Options Brokers who have such trades on offer, do take a look at our review of 10Trade for they offer a bonus which is worth up to for new traders and profits on trades placed there can be as high as 81%.