Mighty interesting analysis from The Economist on Norway & the latest IMF Estimates of GDP per Capita at PPP (Purchasing Power Parity) for Iceland, Ireland & Norway (2009-14)
To see them in their full and greater detail click on the link here. http://tinyurl.com/ljm7zwDo note that in 2014 Norway will have a PPP of $58,610.092
Ireland $42,947.457
Iceland $43,127.063
and poor old Blighty including us ungrateful Scots, will have attained a grand total of $38,807.832
Page 52 of the Economist has the following.
"The economy is in good shape. Unemployment, at 3%, is the lowest in Europe.
"Norway has bounced back from the mild recession it suffered in the early months of this year. It is expected to grow by 2% next year.
"The $400 billion wealth fund that holds surplus revenues from North Sea oil and gas exports, turning petrodollars into hoard of stocks and bonds , naturally took a hit in the market slump but is still worth some $85,000 per citizen.
"The Norwegians are a contented bunch. Bergen reveals handsome, well-fed citizens who work in designer offices or high tech fishing vessels, relax in art galleries and theatres and enjoy pristine scenery. Education is free and health care is heavily subsidised."
Now what was that about an Arc of Insolvency?
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