Surprising but true: Norway is no longer among the most most expensive countries in Europe, and its capital, Oslo, is out of the list of the 20 most expensive cities in the world.
Go ahead. The Norwegian krone is considered weak, which means that travelers from other countries can safely go to Norway without fear of spending a huge amount of money.
Despite the fact that the fjord country remains a territory of high prices, in recent years it became cheaper for a large number of foreigners, even despite the fact that it faced (as, indeed, everyone) with significant difficulties: rising inflation, the COVID-19 pandemic, as well as the situation in Ukraine.
Norway has become more accessible for another reason. Over the past year alone, the euro and US dollar have risen in price against the Norwegian krone by almost 15 and 18 percent, respectively.
The Danish krone has appreciated by 15%, the Swedish krona — by 10%, and the pound sterling in Norway is now worth almost 8% more than the same period last year.
Despite the difficulties introduced to contain the further spread of COVID-19, Norway managed to be one of the first open borders to foreign travelers.
According to Statistics Norway, the number of nights spent by foreigners in hotels and other accommodation increased by a third last year compared to 2021, returning to 2019 figures.
36.1 million overnight stays were registered in 2022, compared to 27.1 million in 2021.
Over the past decade, the contribution of the Norwegian tourism industry to the country's economy has grown significantly , reaching a total of NOK 127.4 million in 2019, representing 3.6 percent of total GDP.