WikiWealth

Norway has an abundant supply of natural resources and well-functioning and stable country. It is also one of the richest countries in the world.

"Cost of living is about 30% higher in Norway than in the United States and 25% higher than the United Kingdom. The standard of living in Norway is among the highest in the world. Foreign Policy Magazine ranks Norway last in its Failed States Index for 2009, judging Norway to be the world's most well-functioning and stable country. Continued oil and gas exports coupled with a healthy economy and substantial accumulated wealth lead to a conclusion that Norway will remain among the richest countries in the world in the foreseeable future.

The country is richly endowed with natural resources including petroleum, hydro-power, fish, forests, and minerals. Large reserves of petroleum and natural gas were discovered in the 1960s, which led to a continuing boom in the economy. Norway has obtained one of the highest standards of living in the world in part by having a large amount of natural resources compared to the size of the population. The income from natural resources includes a significant contribution from petroleum production and the substantial and well-managed income related to this sector.

Abundant supplies of natural resources are beneficial to any economy, because they allow the economy to avoid purchasing those resources from other countries at a premium. Economies that are financially stable and well-functioned can also benefit, because less risky countries create less risky environments for companies to function. Lower risk helps to increase the stock price of companies."

Source: http://en.wikipedia.org/wiki/Norway#Education"Strong Financial Economy" has a significant impact, so an analyst should put more weight into it.