History of Norway 🇳🇴

Norway is a Scandinavian Country that shares its borders with Sweden, Denmark and Finland. Norway has established itself as one of the most developed democracies in the entire world.<br />Norway has a sovereign wealth fund of a value of USD 1 trillion, which is the largest in the world.<br />As per Reports by the World Bank and IMF, Norway has the 4th highest per capita income in the world.<br />As per the rankings of the CIA’s GDP (PPP) Estimate of 2015, Norway ranks Eleventh.<br />It boasts of an unemployment rate of just 4.8%. Out of a population aged 15-74, 68% are employed.<br />The Norwegian economy is a mixed economy with a combination of free markets and large state ownership in certain key sectors<br />Almost 50 % of the total export revenue of Norway originates from its export of oil and gas. It holds more than 20% of the GDP.<br />Norway is the Fifth Largest exporter of oil and the Third largest exporter of gas in the world.<br />Norway has maintained its position as the leader in health and welfare. It ranked in the First place in the UN’s Human Development Index from 2001-2006 and has reclaimed its position from 2009 to 2015.<br />Norway is one of those countries possessing one of the lowest rates of crime in the world.<br />The population of Norway enjoys the highest standard of living in the world.