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Wow... I didn't know anything about the Norwegian Pension Fund. That's really cool. At a 2012 net worth of $654 Billion, it's greater than the country's debt
by beambot 14y ago
Wow... I didn't know anything about the Norwegian Pension Fund. That's really cool. At a 2012 net worth of $654 Billion, it's greater than the country's debt ($548 Billion) and represents >$130k for each of Norway's 4.9 million people...
- deleted 14y ago[deleted]
- marvin 14y agoThe "external debt" number quoted on Wikipedia is the total debt of all Norwegian companies to external debtors. And note that this is the gross number; I have no idea what the net number is but it is a lot smaller and might be negative. The national debt is only 100 billion dollars, and is there primarily to ensure smooth trading with our trading partners. (It was roughly doubled due to liquidity measures in 2008, but supposedly some smart bond trading ensures that this won't have any dramatic effect with regards to making or losing money).