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How Norway created the World's Largest Sovereign Wealth Fund?

The Scandinavian country of Norway is well known for its generous social programs, great schooling, and some of the high living standards. But, aside from all their well-known perks, Norway also boasts the largest sovereign wealth fund in the world coming in at $1.3 trillion. And given Norway's relatively small population, that comes out to over $260,000 per person. Unlike other European countries, Norway has vast oil reserves. This is where Norway derives all of the seed money from petroleum taxes and leases paid for by oil companies drilling in Norway. Norway has cleverly invested this money into the stock market, bonds, and real estate over many decades, and today, they're reaping the benefits of their work. This video explains the history of Norway's Oil Fund and how it became the largest sovereign wealth fund in the world. ----------------------------------------------------------------------------------------------------------------------- Do consider watching our other videos: Economy of Norway    • Economy of Norway | Why is Norway so ...   Economy of India    • Economy of India: Next Economic Super...   Economy of Vietnam    • How Vietnam Became an Economic Superp...   Next Asian Tigers    • Next Asian Tiger Economies?   --------------------------------------------------------------------------------------------------------------------------- Do leave a like if you enjoyed this video, and comment down your suggestions. Follow on Twitter   / economic_eye   Subscribe to stay updated, and share our videos. ----------------------------------------------------------------------------------------------------------------------- Till Then Good Bye! ----------------------------------------------------------------------------------------------------------------------- #norway #sovereignwealthfund #economics #norwayoil #norwegianeconomy