Why Norway is Becoming the World's Richest Country

FUN FACT: The former king of Norway Olav V was immensely popular because he ruled by example, earning him the nickname "the People's King." When driving was restricted due to the 1973 oil crisis, the king, who legally could've driven, took public transport carrying his skiing gear on his shoulders. When the media asked him how he could even dare to go outside without bodyguards, he responded by saying "I have four million bodyguards," referring to the population of Norway at the time.

It's not all glamour. In 2011 we experienced a butter shortage. We sorted it out, thankfully. It's difficult for me to talk about.

I'm a Norwegian and this is a very good summary of Norway's economic history. Finally, a summary that got it right.

Basically, Norway's prosperity comes down to long term planning... which is a cultural trait probably evolved over millenia as consequence to its harsh winter weather: basically, in such a climate, if you don't plan for winter, when winter comes, you die... same if you don´t help each-other when conditions get bad... so instead of spending it all now and "hoping for the best" regarding the future as so many countries do, Norway has always planned for the future, and never got its head turned by any "lottery wins"... like a person using their winning at a lottery to invest in their future as opposed to partying, buying expensive cars and so on

Norway is the country which won the lottery but kept the normal job

as a Norwegian, a 40 min video of about how good we are was very entertaining

In addition to being wealthy, Norway is INSANELY beautiful. Travelling the country from point to point in spring felt like moving through a fairytale land, I'm not kidding. The deep fjord valleys, massive snow covered mountains, dense forests, lush green prairies, crystal-clear rivers, thousands of waterfalls... It's hard to imagine a prettier landscape to me. And most of it is practically untouched by the human hand, with just a few colourful wooden-house villages scattered here and there. Being born in Norway must be like winning lottery on so many levels...

I am not Norwegian but I live here in this country. It is not all perfect but this is a country close to being perfect. I may not be Norwegian but I definitely am proud to defend this land that I now call my home. I would never ever dare say anything bad about this country. This country and its people have given me hope and a clear vision to which path I should take. Eventually the purpose of my existence. That in itself is something good to wake up everyday for.

Its not actually hydropower, its mountain trolls on spinning bikes

the day i watch a reallifelore video without the word vast is the day the world ends

It's been 6 minutes since playing this and I'm overwhelmed with the sheer amount of information packed into this video so far.

This is one of the best YouTube documentaries I’ve ever seen. A lot of work went in to this. Well done!

Norway is a rare case of an oil state not completely squandering the money

As a Brit, it’s depressing to hear how a countries leaders had such amazing foresight to ensure their countries prosperity for decades to come. Unlike my countries leaders who have only ensured a death by a 1000 cuts for the UK.

This was a fantastic tutorial on the topic - fast-moving, dense with information and incredibly educational and informative! Many thanks!!!

My kind of content, as rich in information as norway in resources! You've earned my sub👍

“kinetic energy just sitting there” is a funny phrase.

You did start out very nicely by showing how our fjords and coastline meant sea transport was crucial. The very best way to illustrate this is to look at our road numbering system: It starts at 2! This is a silent acknowledgment that the sea has always been #1, i.e. our main highway.

Fantastic and detailed overview of Norway's economy and natural resources and wise planning. Great job in visual design and communication by go bal data comparisons! You are my new hero in data visualization and educational communications!

This is a great video! Thank you for doing such a good job providing all of this information about our country ❤