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What about Norway?

• theworstshill 11y ago
  Its kill. http://atlas.media.mit.edu/en/profile/country/nor/#Exports http://atlas.media.mit.edu/en/profile/country/nor/#Exports Edit: yeah Norway is definitely going to go to the shatter unless they invest in high tech right now. Compare this with Canada for example. http://atlas.media.mit.edu/en/profile/country/can/#Exports http://atlas.media.mit.edu/en/profile/country/can/#Exports Nor: >50% of exports are crude and petroleum based products Can: ~25% of exports are crude and petroleum based products
  • maxerickson 11y ago
    Norway is notable for not fixing their budget to their oil exports, they've been squirreling it away.
    • ptha 11y ago
      In August 2014, the Government Pension Fund controlled assets were valued at approximately US$884 billion (equal to US$173,000 per capita) which is about 174% of Norway's current GDP. It is the largest sovereign wealth fund in the world https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...
  • matthiasl 11y ago
    An effect, from the same charts, which partially mitigates what you're highlighting is that Norway has a totally different balance of exports versus imports: Canada: Imports $437 B Exports $438 B Norway: Imports $92 B Exports $147 B