Norway is one of the richest countries around. Its GDP per capita was 10% more than the U.S.’s in 2011. Its net government debt was a negative 168% of GDP. That is, it is one of the few countries with no net debt at all, but instead a huge surplus.
Norway’s population is about 4.7 million, or about the same South Carolina’s, or a bit more than half of New York City’s. In 2011 Greece’s net government debt was equivalent to about $430 billion. Norway’s surplus was about $745B.
Even on an absolute scale, Norway is a huge exporter of oil (from offshore reserves). In fact, it is the 5th-biggest oil exporter in the world. Bigger than Iraq. Bigger than Kuwait. And Canada. And the U.S. And Venezuela. It is behind only Saudi Arabia, Russia, Iran, and the UAE. N
Ed Note:Canada is not only 25 times the size of Norway, Canada also has the longest coastlines in the world (151,000 miles). Norway 148,747 sq miles vs Canada’s 3,851,800 sq miles or Canada is 25.89 times bigger than Norway.
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Even on an absolute scale, Norway is a huge exporter of oil. In fact, it is the 5th-biggest oil exporter in the world. Bigger than Iraq. Bigger than Kuwait. And Canada. And the U.S. And Venezuela. It is behind only Saudi Arabia, Russia, Iran, and the UAE. And remember, its total population is about the same as Saudi Arabia’ssecond-largest city, Jeddah.
Read more HERE: