News for hackers. Stuff that matters.

A comment on Living in Switzerland ruined me for America and its lousy work culture. Parent comment

Re:Living in Switzerland ruined me for America and its lousy... by adventured on Saturday August 01, 2015 @03:59PM (#9988466)
Over time Norway's GDP expansion almost perfectly matches the increased production domestically and price increases globally.

Track the price of oil against Norway's extreme GDP per capita growth from 2000 to 2008 ($37k per capita to $95k per capita), a time in which the price of oil went up ~10 fold. It's plainly obvious that Norway's economy is highly dependent on the performance of oil. Their wealth boom the prior 15 years came almost exclusively from the big oil run. Until the year 2000, they did not stand out as especially wealthy compared to other top tier nations. Their GDP per capita was almost identical to the US throughout the 1990s.

[ Parent | on HN ]
Re:Living in Switzerland ruined me for America and its lousy... by alkonaut on Saturday August 01, 2015 @04:27PM (#9988552)
There is a big difference between the wealth of individual norwegians, and the wealth of Norway the state and the gdp/capita of Norway.

Each norwegian citizen is like Warren Buffett, they sit on a shitload of money but you can't tell.

[ Parent | on HN ]