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Well, Oil is 18% of Norwegian GDP, Nokia topped out at 4%. Of course I'm comparing a sector vs a company but, in a way, Nokia was a sector of itself, and the O
by IkmoIkmo 6y ago
Well, Oil is 18% of Norwegian GDP, Nokia topped out at 4%.
Of course I'm comparing a sector vs a company but, in a way, Nokia was a sector of itself, and the Oil industry in Norway is dominated by a few companies like Equinor.
So, not sure if its that much more heterogenous than Finland, but yes no such earthquake has happened yet.
- MrDresden 6y agoAs a tangental note Iceland is still trying to diversify its portfolio having started with only fishing, then adding aluminum, then (catastrophically!) finance with the latest being tourism. There are some interesting tech companies around (for instance one involed in the pfizer's covid supplychain, genetics, mmorpgs, ai, bionics and food processing machinery) but the lack of funding is making it real difficult for new startups to take flight.