In recent years, Norway's economy looked like it could not put a foot wrong. After the global economic crisis, the country's fortunes were revived as the oil price skyrocketed. As a result, the country has amassed a much envied sovereign wealth fund worth some $850 billion which is the third largest in the world after China's and the UAE's.
However, the country's prime minister Erna Solberg has admitted that the country has become overdependent on the oil and gas sector, which is now facing huge challenges due to the slump in the oil price.
How has this translated into business travel in the country? A look at the country's quarterly travel survey can help us find out.
This week's chart shows the number of business trips undertaken in the country over recent years.
The chart shows that the number of business trips is well down in the final quarters of 2015 compared with the same periods in 2014. However, the drop has been in domestic business trips and the number of overseas trips remains largely the same as the previous year.
Neighbouring Sweden remains the most important destination for outbound business travellers from Norway, closely followed by Denmark, as shown below.
The statistics show that Norwegian business travellers spent around 3.3 million nights away on trips during the fourth quarter of 2015, split roughly equally between domestic and overseas.
Business travel has thus remained relatively resilient to the oil price shock. The country's wealth fund will also be useful for investing in infrastructure which will help the country diversify its economy.