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Norway (GDP per capita: $86,362)
Norway’s economy changed by discovering gas and oil in the North Sea in the 1960s. The government later established the most prominent sovereign wealth fund globally, currently valued at more than USD 1 bn, against this wealth of natural resources. The energy industry remains a significant element in the current economy, but with much more than 60% of GDP, the services sector is the most potent economic sector. As a result of the rising oil prices and a recovering domestic demand, Norway will return to growth from 2021 forward, which Covid-19 than other European economies less impacted.
