Changes

Norway has escaped the [[Recession of 2008]] largely unscathed, partly by tapping into its oil and gas-fueled sovereign wealth fund — currently valued at more than 2.4 trillion kroner ($400 billion). Unemployment stands at 3%, among the lowest in Europe.

Norway has escaped the [[Recession of 2008]] largely unscathed, partly by tapping into its oil and gas-fueled sovereign wealth fund — currently valued at more than 2.4 trillion kroner ($400 billion). Unemployment stands at 3%, among the lowest in Europe.

Oil and gas pumped from North Sea platforms have made the country of 4.8 million people one of the world's richest nations. Norway is the world's third largest exporter of natural gas and the sixth largest exporter of oil. While oil production has been falling in recent years, natural gas production continues to rise.

Oil and gas pumped from North Sea platforms have made the country of 4.8 million people one of the world's richest nations. Norway is the world's third largest exporter of natural gas and the sixth largest exporter of oil. While oil production has been falling in recent years, natural gas production continues to rise.

 

Norway is located in Northern Europe, bordering the [[North Sea]] and the North [[Atlantic Ocean]], west of [[Sweden]]. It has an area of 385 186 km2. Its climate is temperate along coast; rainy year-round on west coast. Border countries are Finland, Sweden and Russia. Its longest river is the Glomma and its highest mountain the Galdhøpiggen with 2, 469 m. Norway population is estimated in 5, 053, 500 persons by the end of 2012.

==People==

==People==