Norway – Trying to act grown up, but cannot deny its oil wealth

Population: 5.48 million (5.4 in 2020, +1.5%) GDP per capita: $75,059 ($67,989 in 2020, +10.4%) Electricity usage per capita per annum: 26,492 kWh Total Electricity: 143,620 GWh (2020) Government Debt to GDP: 41.4% (2020) Norway is one of the most civilized countries in the world, and this shows in its high GDP per capita. When people think of Norway they think of Vikings. They also think of complex machinery, metallurgical works, ships and a diet of fish. But they should also think of Petroleum, because today it is the country’s biggest export. In the 1960s Norway, like many other countries with access to the North Sea, discovered its water sat above a sea of oil, but it took until the…