> Three very resources rich regions. They are exploiting their natural resources to compensate for their (relative) low productivity. This can't be the reason,

> Three very resources rich regions. They are exploiting their natural resources to compensate for their (relative) low productivity. This can't be the reason, simply because the relative share of GDP is so small. For Denmark, Sweden and Finland natural resources amount to less than 0.5% of GDP. For Norway it's 7%. For Australia it's 5.4%, and for Canada 1.9%. For comparison: In Congo, Lybia and Kuweit natural resources explain nearly 50% of GDP. https://data.worldbank.org/indicator/NY.GDP.TOTL.RT.ZS?most_recent_value_desc=true https://data.worldbank.org/indicator/NY.GDP.TOTL.RT.ZS?most_...