Kingdom of Norway

Capital: Oslo                  HDI: 0.994 (1st)

Language: Norwegian      GDP (PPP): $345.2 billion

Population: ~ 5.2 million

Currency: Norwegian Krone

Norway has the highest human development ranking of any country on earth. While the cost of living is high, income levels match this with GDP per capita being one of the highest in the world. While the population is small for its geographic size, the country is extremely wealthy in natural resources, which has much contributed to its development of such a high standard of living. The country has been described by the Foreign Policy magazine as one of the most well-functioning and stable countries on earth. The country is a mixed economy with government run petroleum sector, which makes up about 30% of government revenue. The government is known for its comprehensive and sound fiscal policies, with long term savings and a surplus government budget.





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