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4% from sales are being spent on the state-budget.

The taxation on oil companies are 80%

The rest of the 96% earned from sales are being spent on foreign stocks, buying foreign stuff basically.

Some is also spent on innovation and during the finance crisis some was spent as bail-out money. This is how Norway made it through without a scratch.

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12y ago
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11y ago

Norway gets its energy from hydro electric power and Norway has 99% hydro power

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14y ago

We get the oil and gas from the bottom of the North Sea and soon the Norwegian sea.

We usaually don't use it, so we send it abroad to Holland, Denmark, UK and ect.

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14y ago

From under the sea

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12y ago

The North Sea.

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Q: Where does Norway get its oil?
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How do I buy Norway Oil Certificates


How is Norway so rich?

Oil. Norway is the third largest oil exporter in the world.


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What is manufactured in Norway?

Norway manufactures a variety of products, including oil and gas, fish products, hydropower equipment, ships, machinery, and processed metals. It is also known for producing high-quality vehicles, such as electric cars. Additionally, Norway has a growing tech industry, with companies focusing on software development and digital services.


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Norway is ranked the world's third largest exporter of oil with only Saudi Arabia and Russia exporting more.


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What are current exports of Norway?

Oil!


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Oil and Gaz ;-)


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Oil ;-)


Why is Norway the second richest country in Europe?

Norway is a rich country because its is one of the biggest exporters of Oil, Natural gassss, and fish.


Is Norway known for oil?

Yes, that's correct. The oil is the reason Norway is one of the richest countries in the world (per inhabitant)


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