Why Norway is Becoming the World’s Richest Country

Norway is known for its stunning natural beauty, but did you know it's also one of the richest countries in the world? In this video, we'll explore how Norway has become so prosperous and uncover some surprising facts about this Nordic nation. From oil reserves to social welfare programs, discover why Norway is a top destination for wealth and sustainability.
From its natural resources to its progressive policies, Norway is becoming the world’s richest country. Find out why in this video about Norway's economy and standard of living.Learn why Norway is becoming the world's richest country in this fascinating video. From their oil reserves to their high standard of living, discover what makes Norway such a prosperous nation!Learn why Norway is becoming the world's richest country in this fascinating video. From their oil reserves to their high standard of living, discover what makes Norway such a prosperous nation!

[lazygamerz]

Norway put dams on darn near every river, so we were rich before oil. We also sold more lumber thanks to HUGE amounts of rivers, compared to many european countries. So already before railways became a thing, Norway was not poor.

[xSPAZNSPARTANx]

The US looks a Cyberpunk 2077 like dystopia compared to Norway. It boggles my mind to see how a government can be so thoughtful, fair and good to their people. Man I’m jealous.

[lpdude]

Today, the oil fund has passed $1.6 trillion or $310, 000 to all people living in Norway

[fistofthenorthstar]

Norway is becoming the wealthiest country in the world, while its citizens are becoming increasingly impoverished. Inflation is rising, interest rates have almost reached 6%, the price of electricity has increased by 1000%, and the cost of essentials has risen by 100% in the last 3-4 years. As electricity and fuel prices rise, naturally, so do food prices, which have also increased by 100% in the last 3-4 years. Incompetent politicians are destroying the middle and working classes to score cheap points on the international stage and to fill the pockets of their friends who hold monopolies on everything in the country. There might not be petty corruption, but corruption at the state level is widespread, yet people remain silent and quickly forget about each scandal.

Norway was once a haven for the working class, mainly Poles and Lithuanians. Now these people have no reason to come, and we are experiencing a massive shortage of labor because we are no longer competitive. I am a civil engineer, and it is very evident in the construction industry. It is difficult to find workers because people have no reason to work for 2500-3000 euros after taxes in this country with these living costs. Most stay in their own countries and work for the same or less money, while the cost of living and rents are much lower. Plus, they are in their own country, surrounded by family and friends.

We will have to change something urgently or we will completely extinguish the economy of this country and destroy the working class.

[miyamotomusashi]

Why did you cut off north Norway on the map? 0:01

[paulingvar]

Oil & gas has helped economy, but it does not explain. The average standard of living is close to Nordic neighbors, even if they have no oil. The main reason is mostly other factors; low corruption, education for all, governance etc. The first question was strange ; " how can such a small country be so rich ?". Consider that smaller countries can be easier to run !

[holandreas]

Norwegian here and our country is going to shit and is becoming poorer from mismanaging its currency and is now busy at work impoverishing its population by having promised nearly free electricity to huge foreign companies until 2031 as well as selling any remaining energy surplus to Europe driving up the price massively for its population. The schooling system actively punishes talent, hard work, and innovation. Norway has been carried hard by a strong cultural contract that lets the otherwise prohibitively high administrative costs of maintaining law, order, and bureaucracy in such a sparsely populated country be overcome by implicit trust and strong cultural norms and expectations. The Norwegian state wants Norway to be multicultural instead of having this cultural contract define its society and with this we will increasingly become a dysfunctional corrupt rentier state like most sparsely populated countries with heavy foreign influence are. While the wealth fund, granted, was well handled in its time it does not stop Norwegians from literally starving to death or rotting in their feces in nursing homes and will less and less benefit the common man in Norway and instead be used to allow the wealthy elite, the long term beneficiary of Norway's resources, to pay less taxes.

[nihalhettiarachchi]

As far as I am concerned Norwaygians are well disciplined people.

[tonychen]

Norway's currency has lost half of its value against the dollar the past decade. and no end is in sight. It's latest slogan towards foreign visitors is "its cheap here, please come". Wages are low, and people are mad, hardly the paradise made out by the media.

[MENSA.lady]

The fact that Norway has no enemies might be a good start.

[uggali]

It’s like that quote im paraphrasing, wise men plant trees who’s shade they know they will never sit under. So they invest their oil revenue abroad and fund their public services on the investment returns maintaining a high quality of life. Effective future proofing. It’s not an infinite money glitch tho bcuz they still pay high taxes

[Germany._.Kit]

Very good parliament and no corruption, government not wasting money ❤ Canada in comparison is a disastrous 😢

[stanleynkosikamthembu]

For my country, South Africa, to succeed, it has to adopt the Norwegian economic model, NOW.

[Kim-bryj]

i love that we are getting even richer. Dont know why, maybe the Norwegian in me, I feel an inner udge to control more and more than we do. Glad we are currently controlling 1.5%of all the stock market, hopefully much more in a couple decades. 15 % ownership of the stockmarket in 2050 should be the goal. Not that of a streach

[ruben]

7:32 shows Sweden Stockholms Gamla Stan :)

[Sirvalian]

Becoming? It's getting poorer lol, the currency has been tanked already.

[iam]

I wonder why Russia never chose to invade Norway, with all those oil and gas resources. Instead they decided to inavde Ukraine, idiots in a way. Nato of course is the main obstacle.
Meanwhile, arabs by Ferraris.

[rogeraak]

This is my personal opinion. Norway had all possibilities to be a wealthy and prosperous country, BUT we have a horrible and disastrous present and future government who have no interest of keeping norwegian wealth and resources to the benefit of Norway and norwegian citizens. They squader it away on foreign economic interest to solve a non existing problem, which they say is climate. But that is OK because there is no future after this.

[terjeaakvik]

Norway is not the number 1 richest country in the world. That's Luxembourg. Norway is on 8 place. Tel the thru story and not fairytale.

[J.Carlos]

No.... Portugal is becoming the world's richest country because has lot of natural resources but doesn't explore them. Brussels sends money here while the Portuguese people 🥱💤💤💤💤💤. We are the best. The natural resources aren't explored because of the climate change... so.... AHAHAHAHAH. We sleep. Just send your euros here Brussels.