| ▲ | jjtheblunt 12 hours ago |
| Does Norway perform well in various well-being metrics essentially because Norway is extremely oil rich? (I don't pretend to know the answer, and ask because I don't see how to figure that out) |
|
| ▲ | jplrssn 11 hours ago | parent | next [-] |
| It's a good question. If that were the case, I would have expected to also see other oil rich countries at the top of those rankings. |
| |
| ▲ | thrw42A8N 11 hours ago | parent [-] | | Norway is uniquely located among those, though. | | |
| ▲ | vlovich123 10 hours ago | parent [-] | | It’s uniqueness is more how they manage their petrol dollars through a government investment fund rather than subsidizing government services directly or giving back the money to buy popular support like you see in Alaska. |
|
|
|
| ▲ | mediaman 12 hours ago | parent | prev [-] |
| Yes, they're just a petrostate. Over half their economy is oil and mining. |
| |
| ▲ | currymj 11 hours ago | parent [-] | | they separate out oil activities in their national accounts. “Mainland Norway” GDP is also not bad compared to neighboring countries. although it doesn’t measure indirect effects of oil wealth on other sectors. but still, “petrostate” isn’t really accurate. |
|
