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None of that would account for a massive national surplus of a globally demanded resource (oil in Norway's case). A strong currency based on heavy exports of en
by hueving 11y ago
None of that would account for a massive national surplus of a globally demanded resource (oil in Norway's case). A strong currency based on heavy exports of energy can subsidize all of the other factors.
- will_pseudonym 11y agoAll you have to do is estimate the impact to GDP that has on Norway, and pull it out from the comparison.
- martin_bech 11y agoNorways Currency NOK isnt strong, its actually one of the weaker currencies: Here it is in the last 2 years falling compared to USD and EUR. http://www.xe.com/currencycharts/?from=NOK&to=USD&view=2Y http://www.xe.com/currencycharts/?from=NOK&to=USD&view=2Y http://www.xe.com/currencycharts/?from=NOK&to=EUR&view=2Y http://www.xe.com/currencycharts/?from=NOK&to=EUR&view=2Y
- dennisgorelik 11y agoNorway is oil exporter. Oil is cheap now -> NOK is falling.