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Hardly per capita they export similar amounts of petroleum products, but Norway’s GDP is 80k/person vs 30k/person in Saudi Arabia. Norway exports slightly more/
by Retric 2y ago
Hardly per capita they export similar amounts of petroleum products, but Norway’s GDP is 80k/person vs 30k/person in Saudi Arabia. Norway exports slightly more/person but their production costs are significantly higher which offsets it.
The difference is Norway’s economy being far less dependent on petroleum which is only 40% of their exports.