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Market Value

Government Pension Fund Global market value from 1996 to 2024Q2. NOK billion GPFG market value development 1996-2024Q2. NOK billion

Governance framework

The Storting has, in the Government Pension Fund Act, accorded the Ministry of Finance formal responsibility for the management of the Fund. Operational management of the Government Pension Fund Global (GPFG) is carried out by Norges Bank.

Strategic Benchmark Index

The mandate issued by the Ministry of Finance to Norges Bank expresses the long-term investment strategy for the Fund, including the strategic benchmark index and appurtenant provisions on the execution of the management assignment.

National budget 2013

The National Budget will be presented for the Parliament (Storting) October 8th 2012. The National Budget presents the Government's programme for the implementation of economic policy and projections for the Norwegian Economy.

Protocol Norway - Poland

Protocol between the Kingdom of Norway and the Republic of Poland amending the Convention between the Kingdom of Norway and the Republic of Poland for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on

Market Value

Government Pension Fund Norway market value from 1996 to 2024Q2. NOK billion1 1 A major part of the GPFN assets was invested with the Treasury in the form of mandatory deposits until 2005. Folketrygdfondet’s participation in the mandatory deposit

Fund Performance

GPFN annual geometric average return. Measured in Norwegian kroner. Per cent Half year 2024 Last 5 years Last 10 years Since 2007 GPFN Portfolio 6.97 8.32 7.59 7.57 Benchmark index 6.50 7.40 6.63 6.58 Excess return (percentage points) 0.47 0.92 0.96

Investment Strategy

The objective for the management of the GPFN is to maximise financial returns measured in Norwegian kroner, given a moderate level of risk. The main part of the assets of the GPFN is invested in the Norwegian equity and fixed income markets.

Protocol Norway - South Africa

Protocol amending the Convention between the Kingdom of Norway and the Republic of South Africa for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income The Government of the Kingdom of Norway and the

Agreement Norway - Brunei

Agreement Norway - Mauritius

Agreement between the Kingdom of Norway and the Republic of Mauritiuas Concerning the Exchange of Information Relating to Tax Matters

Agreement Norway - Bahrain

Agreement between the Kingdom of Norway and the Kingdom of Bahrain concerning the exchange of information relating to tax matters.

Protocol Norway - Barbados

Protocol between the Kingdom of Norway and Barbados amending the Convention between the Kingdom of Norway and Barbados for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Capital signed at

Convention Norway - Australia

Convention between the Kingdom of Norway and Australia for the avoidance of double taxation with respect to taxes on income and the prevention of fiscal evasion.

Convention Norway - Portugal

Agreement Norway - Seychelles

Agreement Norway - Singapore

The Double Tax Agreement between Norway and Singapore was signed 19 December 1997 and entered into force on 20 April 1998.

Agreement Norway - Jersey

Agreements between the Kongdom of Norway and Jersey Agreement between the Kingdom of Norway and Jersey for the exchange of information relating to tax matters Agreement between the Kingdom of Norway and Jersey for the avoidance of double taxation on

Agreement Norway - Cayman Islands

Agreements between the Kingdom of Norway and the Cayman Islands Agreement between the Kingdom of Norway and the Cayman Islands concerning information on tax matters Agreement between the Kingdom of Norway and the Cayman Islands for the avoidance of

Agreement Norway - Samoa