4 ms·

1. Make $100 from selling oil. 2. Use the money to buy other local services. There, now your GDP is just 50% oil.

• magicalhippo 3y ago
  Which is why we don't do that[1]. [1]: https://www.regjeringen.no/no/tema/okonomi-og-budsjett/norsk_okonomi/bruk-av-oljepenger-/handlingsregelen-/id444338/ https://www.regjeringen.no/no/tema/okonomi-og-budsjett/norsk...
  • swexbe 3y ago
    Equinor still pays salaries & dividends last i checked
    • ubercore 3y ago
      Oil industry is about 6% of Norwegian employment. For sure, it's a huge part of Norway and shouldn't be overlooked, but it's specious to compare it directly to a country like Saudi Arabia.