Thriving Norway provides an Economics Lesson

Re:Thriving Norway provides an Economics Lesson by raheemm on Thursday May 14, 2009 @12:26PM (#609059)

Good point. I quickly did a google check and UAE does have debt but could not find percentage of GDP figures or how they compare with other countries.

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Re:Thriving Norway provides an Economics Lesson by anthonyrubin on Thursday May 14, 2009 @03:21PM (#609421)

https://www.cia.gov/library/publications/the-world-factbook/...

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Re:Thriving Norway provides an Economics Lesson by jibiki on Thursday May 14, 2009 @03:53PM (#609480)

That list says that Norway's public debt is 52% of GDP.

(It puts the UK at 47%, and the UAE at 22%.)

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Re:Thriving Norway provides an Economics Lesson by tallanvor on Friday May 15, 2009 @03:34AM (#610217)

A lot of that is due to the fact that a large percentage of Norwegians are homeowners, and when a 1 bedroom apartment in Oslo can easily cost more than $200,000, well, that will add up quickly.

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Re:Thriving Norway provides an Economics Lesson by Retric on Friday May 15, 2009 @05:40PM (#611422)

Their government has 350 billion / 4.7 million = 74,468$ in their oil fund per person including children. So the average person would need to be holding over 100,000$ in debt (including children) for that to balance out which seems fishy to me.

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