World’s Wealthiest Country – The Oil Fund

Norway in Numbers

• Government Pension Fund Global (Oil Fund):
  Approx. NOK 17 trillion (around USD 1.6 trillion) as of June 2025

• Owns about 1.5% of all listed global companies

• 2024 return: 9.1%

Micro and Macro Economic Indicators

Norway in Numbers

• GDP per capita (2024): Approx. NOK 1,200,000

• Unemployment rate (May 2025): 3.6%

• Inflation (12-month rolling): 3.2%

• Norges Bank interest rate: 4.5%

• Government debt as % of GDP: Approx. 40%

Norwegian Demographic

Norway in Numbers

• Population (2025): 5.55 million

• Urbanization: 82%

• Median age: 40.4 years

• Life expectancy: 83 years

• Population growth (2024): 0.7%

• Foreign-born population: 18.5%

Trade Balance and Partners

Norway in Numbers

• Trade surplus (2024): Approx. NOK 1.1 trillion

• Exports: Approx. NOK 2.4 trillion

• Imports: Approx. NOK 1.3 trillion

Top Export Products

Norway in Numbers

• Crude oil and natural gas (60%+ of export value)

• Seafood (fish and shellfish)

• Aluminum, metals, and machinery

Main Trading Partners

Norway in Numbers

• Exports to: Germany, United Kingdom, Netherlands, Sweden

• Imports from: Sweden, Germany, China, Denmark

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