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Norwegian Economy



Stop in here to find some interesting facts on the Norwegians economy. (Oil Rigg/Olje Plattform (above)

Norway seem to be holding "its own" in the economic arena, with only a slight down turn.

In spite of the turbulence during the negative financial picture around the the world today, they have a surplus – the nation's economy is not running in "the red".

Why is that? Could the answer possibly be found in reflecting on the history of this seafaring nation? Could it be that that the innovative, adventurious and hard working folks of this Nordic land, all the way back to ancient times, learned to fight for survival and won at last?

Their ancestors never had a life of ease in this cold, mountainous region of the world, they had to use both brain and brawn to survive.

Rarely did their fields produce enough grain to feed their families. With tremendous difficulties on the rocky bareness of what was tillable land coupled with an extremely short growing season, their harvest was very meager most of the time.

They could not mill all the harvested grain into flour as they also had to leave enough seeds for the next year's planting. This meant they would grind tree bark (don't try it) and mix it in with the flour to have enough to feed their families. That flour made many ill.

In the past, the Norwegian people had to prepare long in advance for surviving their long, cold, hard winters. However, even with tasking laborious work and good plans, the weather didn't often cooperate to produce adequate harvest to supply for their needs, but they somehow this people survived and thrived in spite of it.

Obviously, the abundance of fish and seafood always have played a big part for the people of Norway's survival. And to keep fish from spoiling, before refrigeration was invented, salt was a major factor in preservation, but in ancient times it was expensive and not necessarily available.

The Second World War didn't make life easy for the Norwegians as well as for most of Europe. It left a deep mark on this hardy, tough people of this small country.

Norway was an occupied nation for long, five years. As a result, food, shelter, medicine and clothing was very scares during these terrible years, in Norway, as well as in the rest of occupied Europe. This shortagelasted long after the war ended. It took years and arduous persistance to recover and rebuild after that horrific war.

Perhaps, the endurance and survival through numerous hard times; trials and tribulations, and their innate love for their country, the Norwegians have become a tough and thrifty people, good planners; making good use of things at hand; being frugal and wise spenders; hard working and last, but not least, a giving and charitable nation.

When international disasters occur, this little country, only 4.5 million strong, are one of the first nations on the scene with food, medicine, clothing, monies and workers. Per capita, the Norwesgian people are second to none in supplying aid around the world.

Personally, I believe, giving is the main criteria for any country or persons to obtain wealth. However, that is my belief, not a world-wide known fact. Never-the-less, generous giving seem to have been proven to be multiplied back to the giver in most instances, time and time again.

Norwegian per capita income ranks among the world's highest. North Sea oil and gas fields are one of the cornerstones of the Norwegian economy. Other major industries upon which Norway relies are fishery, pulp and paper, forestry, mining, manufacturing and shipping and with an overwhelming resource of water. Hydroelectric power is produced and exported to neighboring European countries.

Traditionally, however, the country's economy also rely on the large fishing industry with about 90 per cent of it's catch exported. Whaling, a subject of controversy, has resumed despite an international ban.

Fish farming is a growth sector, with government assistance, and Norway is the world's leading producer and exporter of salmon.

This country's excellent econmy has resulted in a high living standard for the Norwegian population with a corresponding superb educational system.

As the positive economic picture is reflected in the daily lives of the people, many Norwegian housewifes enjoys unusual conveniences in their homes, such as walk-in refrigerators, along with their regular refrigerators in their kitchens along with all modern conveniences.

Some properties have heated sidewalks and drive ways – and of course, that's very nice, since Norway, as I am sure you know, usually have plenty of snow in the winter.

In addition to owning their homes, they often have cabins/hytter or vacation homes somewhere in the mountains, by the sea or lake for get-aways. Many Norwegian go to their vacation spots every week end.

Norway's positive economy, have given the Norwegians, with an ancient love for explorations, the means to travel. It is fabulous to have at least 3 weeks of summer vacation where they can take off to foreign lands. You will probably run into these "Viking-people" anywhere you are on this globe.

With good personal and natioanl economy; their adventurous nature, and the fact that everyone working in Norway are given a three week paid vacation, the Norwegians have both time and money to enjoy travel.

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