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by theworstshill 3784 days ago
Its kill.

http://atlas.media.mit.edu/en/profile/country/nor/#Exports

Edit: yeah Norway is definitely going to go to the shatter unless they invest in high tech right now. Compare this with Canada for example.

http://atlas.media.mit.edu/en/profile/country/can/#Exports

Nor: >50% of exports are crude and petroleum based products Can: ~25% of exports are crude and petroleum based products
2 comments
maxerickson 3784 days ago
Norway is notable for not fixing their budget to their oil exports, they've been squirreling it away.
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ptha 3784 days ago
In August 2014, the Government Pension Fund controlled assets were valued at approximately US$884 billion (equal to US$173,000 per capita) which is about 174% of Norway's current GDP. It is the largest sovereign wealth fund in the world https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...
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matthiasl 3784 days ago
An effect, from the same charts, which partially mitigates what you're highlighting is that Norway has a totally different balance of exports versus imports:

    Canada: Imports $437 B Exports $438 B
    Norway: Imports $92  B Exports $147 B
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