Norway’s Sovereign Wealth Fund

Every Single Norwegian Citizen Has $300,000 US in the Bank from North Sea Oil Profits.

Norway and Scotland had similar populations and similar discovered amounts of North Sea Oil.

Here below is what Norway did with its oil.

Scotland miraculously got a second chance around 2018 with the discovery of huge new oil fields and wind energy technology.

Will Scotland foolishly give it all away to England again?

Norway’s Sovereign Wealth Fund is the largest in the world.

Fund Size and Per Capita Value

As of the end of the first half of 2024, the fund’s market value was 17,745 billion Norwegian kroner (NOK)
4
. This translates to approximately $1.62 trillion USD at current exchange rates.To calculate the per capita value, we need to consider Norway’s population:
  • Norway’s population is about 5.4 million people.
  • Dividing the fund’s value by the population gives us a per capita value of approximately $300,000 USD.
This means that the sovereign wealth fund’s value per Norwegian citizen is around $300,000.

Key Points About Norway’s Sovereign Wealth Fund

  1. World’s Largest: It is currently the largest single sovereign wealth fund in the world
    1
    .
  2. Global Investments: The fund holds on average 1.5% of all listed companies worldwide
    1
    3
    .
  3. Source of Wealth: The fund’s wealth primarily comes from Norway’s oil and gas revenues, with returns on investments now contributing significantly
    2
    .
  4. Long-term Management: The fund is designed to benefit both current and future generations of Norwegians
    2
    .
  5. Fiscal Rule: The government typically limits its annual spending from the fund to about 3% of its value, which is the expected real return over time
    2
    .
  6. Asset Allocation: As of the first half of 2024, the fund was invested in:
    • 72.0% equities
    • 26.1% fixed income
    • 1.7% unlisted real estate
    • 0.1% renewable energy infrastructure
      4
The enormous size of Norway’s sovereign wealth fund, especially on a per capita basis, is a testament to the country’s prudent management of its natural resource wealth and long-term financial planning.

Visit Site Map