22.4 Norwegian economy

Norway is known for its large and efficient fishing industry. As a result of this, fishing and the fish refining industry are important sectors of the Norwegian economy. 

The coast of Norway is rich in pollock, trout and salmon. The Northern Atlantic Ocean is home to large populations of herring. Large fish farms can also be seen on the Norwegian coast. 

The huge oil drilling rigs found in the North Sea and the Norwegian Sea are an significant part of the Norwegian economy. Most Norwegian oil is exported for use in other nations.

Most of Norway's own electricity and energy is produced with water power. This water power is harnessed from the rivers that flow down the slopes of the Scandes. Even some of this electricity is sold into other nations. Due to its cheap electricity production costs, Norway has become the most significant producer of aluminium in Europe.

Tourism is also important for the Norwegian economy. Tourists flock to Norway to experience the natural beauty of the fjords and the Scandinavian mountains.